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Financial
Distress signals
Property profile

802 Old Springfield Ave Summit, NJ 07901

OFF-MARKET
Office buildings
Property ID
US59-3162781
2,531 SF 0.27 ac lot Built 1905
Last sale Aug 2003 · $640,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 21-yr Hold Held for 21 years. Free & Clear No active or open recorded mortgage detected.
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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?
$15k
Tax billed · 2022
Assessed value · 2023$358k
Assessed land$188k
Assessed improvement$171k
Effective rate4.28%

Value estimate

· Oct 2026
$370k
$333k – $407k
CAP approach$635k
Submarket $/SF estimate$741k

Realmo valuation models over county records and 8 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 comparables8

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: Realty agency
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Realty agency22.4
Law Firm18.9
Restaurant18.1

Location

802 Old Springfield Ave Summit, NJ 07901-1130
County assessor Recorded deeds · not on file 8 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
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