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Financial
Distress signals
Property profile

60 Riv Rd Summit, NJ 07901

OFF-MARKET
Commercial real estate
Property ID
US59-0660893
2,997 SF 0.29 ac lot Built 1963
Last sale Sep 2022 · $800,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 4-yr Hold Held for 4 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. 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?
$11k
Tax billed · 2022
Assessed value · 2023$256k
Assessed land$102k
Assessed improvement$154k
Effective rate4.28%

Value estimate

· Oct 2026
$965k
$869k – $1.06M
AI approach$940k
CAP approach$610k
Submarket $/SF estimate$939k

Realmo valuation models over county records and 31 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 comparables31

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?
LI
Location. Above-grade, structured parking facilities shall only be permitted in the LI, PROD, PROD-2, PI, RO-60, GW I and GW II Zones. In...
General categoryRESIDENTIAL
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

60 Riv Rd Summit, NJ 07901-1443
County assessor Recorded deeds · 9 transfers 31 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
355 Springfield, Summit, NJ 07901-4615 $1,275,000 Oct 2024 3,184 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
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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