Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    81 Tremont Ave Newark, NJ 07106

    View on Map
    Sponsored
    For Lease
    $4,500 /Mo ($24 SF/Yr)

    Commercial - Newark City, NJ

    Lot size:
    0.05 Acres
    Days on Market:
    3
    Last Refresh:
    Mar 25 at 12:06 pm

    Property Features for 81 Tremont Ave

    General Information

    Property type
    Commercial Lease
    Property subtype
    Other
    Standard status
    Active
    Zoning
    R1
    Rooms
    Basement
    Basement Y/N
    1
    Lot size
    0.05 Acres

    Building Details

    Year built
    2026
    Architectural style
    Other

    We can help!

    Listing Contact
    ARIAGNA PERELLO

    UNITED REAL ESTATE

    Listing agent ARIAGNA PERELLO

    Listing date Mar 23, 2026

    MLS# 4016064 Listing URL

    Copyright © 2026 Garden State MLS, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Renovated Commercial Space in Newark

    This fully renovated, move-in-ready commercial storefront is located in a growing Newark neighborhood. The versatile space features a bright open-concept layout with modern finishes, suitable for retail, professional offices, medical or wellness services, nonprofit organizations, studios, or community-based uses. The interior offers new flooring, updated LED lighting, fresh neutral walls, and multiple private office areas suitable for consultations, workspace, or storage. A handicap-accessible restroom ensures convenience and compliance for clients and staff, while the rear section provides additional flexibility for administrative or operational needs. Additional highlights include an open layout with flexible configuration, updated electrical and lighting throughout, wall-mounted HVAC systems for efficient climate control, private rear access/exit, basement access for storage, and excellent visibility with signage potential. The property is conveniently located near major highways, public transportation, and residential corridors, offering strong accessibility and exposure for a wide range of business uses. It is ideal for entrepreneurs or expanding operations seeking a clean, modern commercial presence in Newark. The lot size is 0.05 acres and the zoning is R1.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Bush Liquors & Deli (Bike/Boat/Book/etc) Store

    Suggested Use

    Law Firm Restaurant Real Estate Agency Spa & Massage Center Dental Office Hair Salon Nail Salon Food Market Gym & Fitness Center Skin Care Clinic

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    Rupp's Flowers, Maxine's Flowers

    Location Insight

    • Map
    • Local Demand
    City
    Newark
    County
    Essex
    State
    New Jersey
    Longitude
    -74.21721
    Latitude
    40.74835

    Nearby Similar for Lease

    • $1,900 /Mo
      14,810 SF

      Newark City Commercial Property

      Commercial property in Newark's Ironbound section, suitable for various businesses.
      43 Merchant St, Newark, NJ 07105
      View Details
    • $2,100 /Mo
      14,810 SF

      Newark Commercial Property in Ironbound

      Commercial property in Newark's Ironbound, suitable for various businesses.
      43 Merchant St, Newark, NJ 07105
      View Details
    • $1,000 /Mo
      14,810 SF

      Newark City Commercial Property

      Commercial property in Newark's Ironbound section, suitable for various businesses.
      43 Merchant St, Newark, NJ 07105
      View Details
    • $2,500 /Mo
      19,256 SF

      Newark City Commercial Units For Rent

      Four commercial units available for rent in Newark City, NJ.
      536-540 Central Ave, Newark, NJ 07107
      View Details
    • $4,000 /Mo
      19,256 SF

      Newark City Commercial Units For Rent

      Four commercial units available for rent in Newark City, NJ.
      536-540 Central Ave, Newark, NJ 07107
      View Details
    • $1,400 /Mo
      4,792 SF

      Prime Newark City Commercial Space

      Versatile 1,400 sq ft commercial space in Newark City.
      402 Hawthorne Ave, Newark, NJ 07112
      View Details
    • $2,800 /Mo
      3,485 SF

      Newark City Commercial Space For Lease

      1,800 SF commercial space suitable for office, training, or education.
      91 Pacific St, Newark, NJ 07105
      View Details
    • Contact for pricing

      NJ, Newark - 625 Broad St

      Workspaces, services and support to help you grow your business in DC, Washington - 609 H Street
      625 Broad St, Newark, NJ 07102
      View Details
    • $5,000 /Mo
      3,300 SF

      Newark Warehouse and Office Space

      3300 sq ft warehouse and office space for lease.
      45 Malvern St, Newark, NJ 07105
      View Details
    • Sponsored
      Contact for pricing

      NJ, Newark - 3 Gateway Center

      Flexible workspace in AZ, Sun City - West Palmeras Dr
      3 Gateway Ctr, Newark, NJ 07102
      View Details
    • Contact for pricing

      NJ, Newark - Broad St

      Discover many ways to work your way in WI, Sheboygan - N 8th St
      972 Broad St, Newark, NJ 07102
      View Details
    • $13 SF/Yr
      22,216 SF

      Newark City Warehouse For Rent

      7580 sqft warehouse available immediately in Newark City, NJ.
      425 Ferry St, Newark, NJ 07105
      View Details

    FAQs

    What type of property is this?
    Storefront property - Move-in-ready commercial storefront in a growing Newark neighborhood.
    Where is this storefront property located?
    The property is located at 81 Tremont Ave Newark, NJ.
    What is the lease rate?
    The lease rate is $24 SF/Yr.
    What are key features of this property?
    This property features: - Move-in-ready, **fully renovated commercial storefront** in a growing Newark neighborhood.; - Versatile open-concept layout suitable for various business types.; - **Excellent visibility and accessibility** near major highways and public transportation.
    (888) 501-6953
    Request Owner's contact information
    81 Tremont Ave Newark, NJ 07106
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    81 Tremont Ave
    Newark, NJ 07106
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    81 Tremont Ave Newark, NJ 07106
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    ARIAGNA PERELLO
    Learn More
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!