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Property profile & analytics
OFF-MARKET Estimated value $1,515,000
Office buildings

7 Cedar St Summit, NJ 07901-2574

6,858 SF 0.15 ac lot Built 1975
Entity Owned 7-yr Hold Free & Clear
Property ID
US59-1060322
Property profile
Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 1975
Total area 6,858 SF
Lot 0.15 ac (6,656 SF)
Zoning code B
APN 18 02706-0000-00004
UPID US59-1060322
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Advanced Dental Labs Dental Office
  • Dr. Philip S. Cohen, DMD Dental Office Physician
  • 4a Realty LLC Property Management Company
  • Richard Fernandez - State Farm Insurance Agent Insurance Agency
  • Eric Bernstein Dental Office Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$1.72M
Comparable Approach Comparable
$1.64M
Blend (final) Blend
$1.52M
Owner & transaction history
City Of Summit · 7 yrs held
City Of Summit
since 2019
2 recorded transactions
2019
$1.6M
2015
Price N/A
Zoning & alternative use
B · Summit, NJ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description

B Business Zone. A. Purpose. The B Zone is intended for the conduct of general business to which the public requires direct and frequent access as prime customers, clients, or patients. B. Permitted uses. 1. Principal uses. a. Retail sales, except that drive-through facilities are prohibited. b. Offices. c. Restaurants and other eating establishments, except…

Zone name Business
General category COMMERCIAL
Zone area 72.52 ac
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