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Financial
Distress signals
Property profile

407-409 Springfield Ave 409 Summit, NJ 07901

OFF-MARKET
Commercial real estate
Property ID
US59-1579513
4,848 SF 0.11 ac lot Built 1920
Last sale Mar 2023 · $2,700,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 17-yr Hold Held for 17 years. Free & Clear No active or open recorded mortgage detected.
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Market Trends Soon

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. In the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax · 2022

What does the county charge?
$24k
Tax billed · 2022
Assessed value · 2023$534k
Assessed land$200k
Assessed improvement$334k
Effective rate4.47%

Value estimate

· Oct 2026
$2.50M
$2.25M – $2.75M
AI approach$2.54M
Submarket $/SF estimate$1.84M

Realmo valuation models over county records and 30 qualifying comparable sales.

Recently sold

What actually traded nearby?
$383/SF
ZIP average, outlier-cleaned · 38 recorded sales of this use type
Observed band · Q1–Q3$313 – $463
Qualifying comparables30

Cap rate analysis

How does the asset earn?

No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.

Zoning insight

What can be built here?
CRBD
CRBD, complement and protect the adjacent residential neighborhoods, provide housing, including affordable housing, in proximity to publi...
General categoryMIXED_USE
JurisdictionUNION

Location intelligence

Which uses thrive at this corner?
Best fit: Smoke and Vape Shop
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Smoke and Vape Shop10.9
Convenience Store10.7
Pet Grooming Service9.0

Location

407-409 Springfield Ave, Unit 409 Summit, NJ 07901-2603
County assessor Recorded deeds · 1 transfer 30 qualifying comp sales Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 6 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
97-99 Smt, Summit, NJ 07901-3614 $923,000 Feb 2026 5,300 SF
23 Smt, Summit, NJ 07901 $2,500,000 Apr 2025 6,920 SF
88 Smt, Summit, NJ 07901-3625 $7,000,000 Feb 2025 7,268 SF
344-346 Springfield, Summit, NJ 07901-4602 $1,485,000 Oct 2024 3,700 SF
96-98 Smt, Summit, NJ 07901 $1,195,000 Jul 2024 4,264 SF
490 Morris, Summit, NJ 07901-7500 $1,700,000 Jun 2023 5,041 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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