Realmo Analytics

Unlock property reports, ownership, financials, or compile property list owners likely to sell.

Property profile

422 Morris Ave Summit, NJ 07901

OFF-MARKET
Office buildings
Property ID
US59-1207788
5,683 SF 0.4 ac lot Built 1961
Last sale Dec 2013 · $1,550,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 12-yr Hold Held for 12 years. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. Included with a plan.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with a plan.

Debts

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

Recorded lenders, amounts and estimated maturities of the owner's loan book — included with a plan.

Property tax · 2022

What does the county charge?
$29k
Tax billed · 2022
Assessed value · 2023$673k
Assessed land$267k
Assessed improvement$406k
Effective rate4.28%

Value estimate

· Oct 2026
$490k
$441k – $539k
CAP approach$1.43M
Submarket $/SF estimate$1.62M

Realmo valuation models over county records and 4 qualifying comparable sales.

Recently sold

What actually traded nearby?
$204/SF
County average, outlier-cleaned · 59 recorded sales of this use type
Observed band · Q1–Q3$149 – $293
Qualifying comparables4

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?
MF
Purpose. The purpose of the MF Zone is to permit multifamily residential uses at appropriate densities at locations accessible to commerc...
General categoryCOMMERCIAL
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 Shop10.5
Convenience Store10.1
Storage Facility10.0

Location

422 Morris Ave Summit, NJ 07901-1522
County assessor Recorded deeds · 3 transfers 4 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

5 recorded sales · 17 properties nearby
Recent sales nearby
5 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
137 Smt, Summit, NJ 07901-2800 $2,000,000 Sep 2024 6,600 SF
803 Springfield, Summit, NJ 07901-5110 $2,383,055 May 2024 4,220 SF
573 Springfield, Summit, NJ 07901-4503 $1,400,000 Jul 2023 No data
475 Springfield, Summit, NJ 07901-2600 $6,273,145 Jan 2023 22,410 SF
7 Cedar, Summit, NJ 07901-2574 $1,550,000 May 2019 6,858 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
Research This Page with AI

Rey answers here. ChatGPT, Grok and Claude get the same data packet.

Includes: Price & PSF · Cap rate · Location · Zoning

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