Realmo Analytics

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Financial
Distress signals
Property profile

440 Springfield Ave Summit, NJ 07901

FOR SALE
Commercial real estate
Property ID
US59-1593637
3,441 SF 0.06 ac lot Built 1900
Last sale Jun 2022 · $1,486,836
Individually Owned Owner of record is an individual. 4-yr Hold Held for 4 years. Free & Clear No active or open recorded mortgage detected.
Saved · see the list in your Dashboard
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?
$18k
Tax billed · 2022
Assessed value · 2023$402k
Assessed land$130k
Assessed improvement$273k
Effective rate4.47%

Value estimate

· Oct 2026
$1.80M
$1.62M – $1.97M
AI approach$1.70M
Submarket $/SF estimate$1.38M

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 Shop9.7
Convenience Store9.3
Pet Grooming Service8.4

Location

440 Springfield Ave Summit, NJ 07901
County assessor Recorded deeds · 6 transfers 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
344-346 Springfield, Summit, NJ 07901-4602 $1,485,000 Oct 2024 3,700 SF
355 Springfield, Summit, NJ 07901-4615 $1,275,000 Oct 2024 3,184 SF
96-98 Smt, Summit, NJ 07901 $1,195,000 Jul 2024 4,264 SF
5 Tulip, Summit, NJ 07901-2404 $800,000 Jan 2024 2,596 SF
198 Broad, Summit, NJ 07901-3977 $990,000 Oct 2023 2,856 SF
35 Deforest, Summit, NJ 07901-2155 $1,050,000 Jul 2023 2,356 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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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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