803 Springfield Ave Summit, NJ 07901-5110
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Joyce Paul Insurance Agency
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Allsopp & Company Insurance Services Insurance Agency
NB Neighborhood Business Zone. A. Purpose. The primary function of this zone is to offer a mix of residential uses and convenient commercial services that are compatible with the nearby residential neighborhood and minimize impacts of such development on adjacent residential areas. The commercial uses are relatively small in scale and are related to the day-…
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2022Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
NB · Summit, NJNB Neighborhood Business Zone. A. Purpose. The primary function of this zone is to offer a mix of residential uses and convenient commercial services that are compatible with the nearby residential neighborhood and minimize impacts of such development on adjacent residential areas. The commercial uses are relatively small in scale and are related to the day-to-day needs of nearby residences. Buildings often contain a mix of street level commercial and residential on the upper floors. B. Permitted uses. 1. Principal uses. a. Retail sales and services. b. Personal service facilities. c. Professional offices. d. Dance schools and studios. e. Restaurants and other eating establishments except that drive-in or drive-through facilities shall not be permitted. f. Principal permitted uses found in the R-5 Residential Zone, subject to the standards of that zone. g. Residential uses above the first floor. h. Financial institutions except that drive-through facilities shall not be permitted. i. Adult day care. j. Private clubs. 2. Accessory uses: a. Uses which are customarily incidental and accessory to the principal permitted use as regulated in §§ 35-9.8 and 35-9.9 . 3. Conditional uses: a. Houses of worship. b. Philanthropic uses. C. Supplementary requirements. 1. All proposed work shall be in accordance with the design requirements set forth in the Development Regulations Ordinance and consistent with the Development Design Guidelines in the Appendix of this chapter, [1] which are illustrative of the design requirements. [1]
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.