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Property profile & analytics
OFF-MARKET
Estimated value
$2,995,000
Industrial properties
4 Chatham Rd Summit, NJ 07901-1323
Entity Owned
21-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US59-1554393
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Year built
1967
Construction
CONCRETE BLOCKS
Total area
20,292 SF
Lot
1.73 ac (75,402 SF)
Zoning code
LI
APN
18 00201-0000-00004- 02
UPID
US59-1554393
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Smith + Schwartzstein Law Firm
-
Schechner Lifson Corporation Insurance Agency
-
Essex Union Low Cost Bankruptcy Center Law Firm Financial Advisor
-
Travelong of Summit Travel Agency
-
Roth Amy Insurance Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$3.51M
Comparable Approach
Comparable
$2.09M
Blend (final)
Blend
$3.00M
Owner & transaction history
Jammbil LLC · 21 yrs held
Jammbil LLC
since 2004
2 recorded transactions
Zoning & alternative use
LI · Summit, NJ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$4.1M
+17.7%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Summit submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Summit submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$3,795,000
6.5%
$3,505,000
7%
$3,255,000
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$3,510,000
Current use
OFFICE BUILDING
$4,135,000
Change: +18% · Conversion: Difficult
RESTAURANT
$3,235,000
Change: -8% · Conversion: Difficult
Blend value · Realmo final
$3.00M
Range $2.70M – $3.29M · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$148 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2022Property tax & assessments
Tax year 2022
Tax billed
$65,264
Tax year 2022
Assessed value
$1,523,800
Assessed 2023
Previous assessed
$1,523,800
+0.0% YoY
Effective rate
4.28%
On assessed value
Assessed land
$476,000
Assessed improvement
$1,047,800
Land market value
$476,000
Improvement market value
$1,047,800
Total market value
$1,523,800
Applied tax rate
18.0000
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
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Status
Off-Market
Year built
1967
Construction
CONCRETE BLOCKS
Heating
NONE
Stories
2
Total area
20,292 SF
Lot
1.73 ac (75,402 SF)
Zoning code
LI
APN
18 00201-0000-00004- 02
UPID
US59-1554393
Jurisdiction
UNION
Metro division
NEWARK-UNION, NJ-PA METROPOLITAN DIVISION
Zoning & alternative use
LI · Summit, NJ
Zoning LI · permitted uses
LI · Summit, NJ
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Summit. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
INDUSTRIAL (GENERAL) Current
Est. value
$3.5M
OFFICE BUILDING
Est. value
$4.1M
RESTAURANT
Est. value
$3.2M
INDUSTRIAL (GENERAL) Current
OFFICE BUILDING
RESTAURANT
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1967
Construction
CONCRETE BLOCKS
Heating
NONE
Stories
2
Lot
1.73 ac
Current owner
From public records · entity-resolved
Jammbil LLC
Entity
Mailing address
8 RIDGEDALE AVE, CEDAR KNOLLS, NJ 07927-1122
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2004
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 25, 2005
—
4 Chatman Road Associates LLC
—
Trustees Deed
related
$3,480,000 · Greater Community Bank
Oct 5, 2004
$2,040,000
Jammbil LLC
Hosokawa Micron Intl INC
Grant Deed
$2,495,000 · Valley National Bank
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
Try Rey
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