Entity Owned Property summary
AI-generated overview
The property at 29 Summit Ave in Clifton, New Jersey is a 2,400-square-foot flex space configured for non-conforming light industrial use within a residential area. The interior layout includes approximately 1,000 square feet of office space and additional workspace suitable for small-business and contractor operations, with a rear loading dock for receiving and handling materials. The property is zoned RB2 and has historically been leased on a month-to-month basis, establishing an existing occupancy arrangement with operational flexibility.
Property profile
Verified
Property type
Other industrial properties
Use group
INDUSTRIAL (GENERAL)
Year built
1900
Construction
FRAME
Total area
2,248 SF
Lot
0.11 ac (5,000 SF)
Zoning code
R-B2
APN
02 00014- 21-00009
UPID
US59-1550199
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Construction Company General Contractor
Location
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$340k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$310k
Owner & transaction history
since 2022
Last sale
$305,000
2 recorded transactions
Zoning & alternative use
R-B2 · Clifton, NJ
Zoning description
Meeting halls and clubs as permitted in R-B2 and R-B3 Zones, and subject to the same standards. Nursery schools as permitted in the R-B2 and R-B3 Zones, and subject to the same standards. Laboratories used for research,…
General category
RESIDENTIAL
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
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Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
All 4 comparables with addresses
Sensitivity value band
Source audit · 6 inputs
PDF export
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Summary
1
Valuation conclusion
Included free
Estimated market value
$310k
Value range
$279k – $341k
±10% around blend
Estimated value / SF
$138 / SF
Confidence
Low
4 county-verified comps
Property data
100
Market benchmarks
67
Comparable evidence
40
$279k
blend $310k
$341k
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
2,248 SF
Lot area
0.11 ac
Year built
1900
Stories
1
APN
02 00014- 21-00009
Zoning
R-B2
Assessed value
$197,000
Annual tax
$11,249
3
Income approach: direct capitalization
Partial preview
Not enough income data on file for a CAP-approach estimation.
4
Sales comparison
Partial preview
Sales approach indication
$4.58M
Weighted, 4 comps · low confidence
Evidence
4 found · 4 selected
County-verified recorded sales
Comparable
Sale dateSale price$ / SF
12.6 mi away · 2,230 SF
14.6 mi away · 1,855 SF
15.8 mi away · 2,475 SF
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$310k
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Current market position
Included free
Benchmark
Observed band ($/SF)AverageSubject delta
Submarket 34 sales
$158
-13%
County 139 sales
$173
-20%
Band = middle half (Q1–Q3) of recorded sale $/SF for this use type per geography; the diamond marks the subject at $138/SF. Delta below average reads as headroom. Source: Realmo CRE sales derivatives (county records).
7
Data & methodology
Included free
Building area
County record
Property tax
County record
Assessed value
County record
Zoning designation
County record
Operating expenses
Not available
Market rent
Not available
Not analyzed due to unavailable source data: actual rent roll, tenant leases, physical condition and capital
requirements are outside a desktop analysis.
Cost Approach excluded: replacement-cost inputs are not on file.
Automated valuation analysis, not a licensed appraisal. Figures are derived from public
records and proprietary models. Desktop analysis: no physical inspection, tenant leases or reported
property income. Verify with a licensed appraiser before transacting.
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
Unlock the complete Cap Rate workflow
Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
Comparable evidence · 4 sales
Market rates by use type
PDF export
Professional Plan · 30 reports
from $99/month
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Overview
No cap rate is computable for this property yet: no recorded sale, income signal or market-rate row for its use type.
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$305k
Move the market yield to see immediate price impact.
Value / SF
$136
Vs. selected
Base
Derivation
NOI ÷ cap
Arithmetic over the derived NOI * — not market scenario modeling.
NOI × cap matrix
Preview
Preview of 9 modeled outcomes.
NOI
5.00%7.00%9.00%
$19k
$384k
$275k
$214k
$21k
$427k
$305k
$237k
$23k
$470k
$335k
$261k
NOI sensitivity ±10% across the 5 / 7 / 9% anchors — derivation of the NOI above.
Comparable evidence
Partial preview
Recorded sales nearby
4 found
Low confidence · county-verified
Closest comparable
$500k
4.5 mi · Mar 2026 · $191/SF
Property tax & assessments
Tax year 2022Property tax & assessments
Tax year 2022
Tax billed
$11,249
Tax year 2022
Assessed value
$197,000
Assessed 2023
Previous assessed
$197,000
+0.0% YoY
Effective rate
5.71%
On assessed value
Assessed land
$91,600
Assessed improvement
$105,400
Land market value
$91,600
Improvement market value
$105,400
Total market value
$197,000
Applied tax rate
2.0000
Automated cap rate analysis. Based on public records, market benchmarks and proprietary
models. Verify with a licensed professional before transacting.
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Other industrial properties
Use group
INDUSTRIAL (GENERAL)
Status
Off-Market
Year built
1900
Construction
FRAME
Heating
NONE
Stories
1
Units
1
Total area
2,248 SF
Lot
0.11 ac (5,000 SF)
Zoning code
R-B2
APN
02 00014- 21-00009
UPID
US59-1550199
Jurisdiction
PASSAIC
Metro division
NEW YORK-WHITE PLAINS-WAYNE, NY-NJ METROPOLITAN DIVISION
Zoning & alternative use
R-B2 · Clifton, NJZoning R-B2 · permitted uses
R-B2 · Clifton, NJ
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Zoning description
Meeting halls and clubs as permitted in R-B2 and R-B3 Zones, and subject to the same standards. Nursery schools as permitted in the R-B2 and R-B3 Zones, and subject to the same standards. Laboratories used for research,…
General category
RESIDENTIAL
Building & site characteristics
From public records
Year built
1900
Construction
FRAME
Heating
NONE
Stories
1
Units
1
Lot
0.11 ac
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
Matched to the official district catalog
R-B2
RESIDENTIAL
Jurisdiction
Clifton, NJ
Recorded code
R-B2
Official district
R-B2
Official district profile
What the municipal code says about R-B2
Zoning description
Meeting halls and clubs as permitted in R-B2 and R-B3 Zones, and subject to the same standards. Nursery schools as permitted in the R-B2 and R-B3 Zones, and subject to the same standards. Laboratories used for research,…
General category
RESIDENTIAL
Zoning Insight
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for R-B2 in Clifton, NJ.
What opens after registration
Zoning profile
Official descriptionThe district text from the municipal code
District factsZone name, category and district area
3 official documentsVerified municipal sources with file download
Match provenanceAssignment basis, match tier and confidence
Private report access
See the official zoning profile for this address.
Registration is required before the official district profile is shown.
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Ownership Intelligence
Find the owner behind the property.
Unlock the evidence behind ownership: portfolio, transactions, debt and signals that help you decide who to contact next.
What opens after registration
Ownership report
Owner identityResolved entity and name variants
Portfolio holdingsLinked properties and estimated value
Deal signalsSell-side activity worth following
Debt & historyRecorded loans and transaction history
Private report access
See the ownership record for this address.
Registration is required before any owner information is shown.
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Owner of record and activity signals are derived from public records and modeled classifications.
They do not confirm beneficial ownership or intent to transact.
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