Realmo Analytics

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Financial
Distress signals
Property profile

47 River Rd Summit, NJ 07901

FOR LEASE
Other commercial real estate
Property ID
US59-1263470
5,484 SF 0.32 ac lot
Last sale Jun 2026 · $2,750,000
Entity Owned Owner of record is a legal entity (LLC / corporation). Free & Clear No active or open recorded mortgage detected.
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Property summary

AI-generated overview

The property is an office building located at 47 River Rd in Summit, New Jersey. It provides approximately 5,924 square feet of office space.

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?
$20k
Tax billed · 2022
Assessed value · 2023$475k
Assessed land$224k
Assessed improvement$251k
Effective rate4.28%

Value estimate

· Oct 2026
$410k
$369k – $451k
CAP approach$1.12M
Submarket $/SF estimate$643k

Realmo valuation models over county records and 19 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 comparables19

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?
NB
NB Neighborhood Business Zone. A. Purpose. The primary function of this zone is to offer a mix of residential uses and convenient commerc...
General categoryCOMMERCIAL
JurisdictionUNION

Location intelligence

Which uses thrive at this corner?
Best fit: Wholesale Shop
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Wholesale Shop18.3
Hair Salon17.9
Auto Parts Store16.9

Location

47 River Rd Summit, NJ 07901
County assessor Recorded deeds · 3 transfers 19 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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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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