Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search

    488-500 Mulberry St, Unit | Newark Newark, NJ 07114

    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    Industrial warehouse in Newark, close to major routes and highways.

    Property size:
    56,692 SF

    Property Features for 488-500 Mulberry St

    General Information

    Size
    56,692 SF

    Source: William Sitar Jr. Agent William Sitar Jr.

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Newark Industrial Warehouse For Sale

    This industrial warehouse is located in Newark, adjacent to the Design District, and known as 190 Murray Street. The property is situated one block from Highway 21 and in close proximity to Routes 9, 78, 95, and 280. The building is fully leased and generates a net operating income of approximately $640,000. Tenants have flexible leases. The owner has the option to vacate approximately 3,300 square feet of office space, approximately 7,638 square feet of mezzanine space, and approximately 16,000 square feet of warehouse space for a user buyer. The property is zoned MX-2 Med-Density Res/Comm/Industrial, with redevelopment zoning allowing for an 8-story residential building. It features 3 tailboard doors and 4 drive-in doors, with a ceiling height of 16 feet. The property taxes are approximately $57,000. Owner financing is available. The property has a total size of 56,692 square feet.
    Location Intelligence

    Current Use by Public Records

    Warehouses

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Gym & Fitness Building Supply

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

    Similar Places Nearby

    The DeLong Company, Father Son Storage, Newark Refrigerated Warehouse: Executive Office, AJC INDUSTRIES LLC, Father & Son Moving & Storage Inc

    Location Insight

    • Map
    • Local Demand
    City
    Newark
    County
    Essex
    State
    New Jersey
    Longitude
    -74.1762342
    Latitude
    40.7206468

    Nearby Similar for Sale

    • $569,000
      2,080 SF

      Renovated Newark Two-Family Home

      Fully renovated, vacant two-family home in Newark with high rental potential.
      366 Badger Ave, Newark, NJ 07112
      View Details
    • $4,000,000
      9,999 SF

      Newark City Commercial Investment Opportunity

      Commercial building in established Newark neighborhood, ideal for medical practices.
      461-467 Mount Prospect Ave, Newark, NJ 07104
      View Details
    • New
      $599,000
      3,732 SF

      Renovated Newark Multi-Family Home

      Fully renovated, vacant 2-family home with high rental potential.
      440 Summer Ave, Newark, NJ 07104
      View Details
    • $599,900

      Newark Three-Family Home For Sale

      Spacious three-family home with income potential in Newark, NJ.
      99 Alexander St, Newark, NJ 07106
      View Details
    • $599,900
      2,100 SF

      Spacious Three-Family Home in Newark

      Three-unit property with strong rental income potential near schools.
      99 Alexander St, Newark, NJ 07106
      View Details
    • $3,770,000
      9,120 SF

      Newark Multifamily Investment Opportunity

      Newly rebuilt, gut-renovated 14-unit apartment building in North Newark.
      155 Clifton Ave, Newark, NJ 07104
      View Details

    FAQs

    What type of property is this?
    Warehouse - Industrial warehouse in Newark, close to major routes and highways.
    Where is this warehouse located?
    The property is located at 488-500 Mulberry St, Unit | Newark Newark, NJ.
    What are key features of this property?
    This property features: - Fully leased industrial building generating ±$640,000 net operating income.; - Opportunity for owner to occupy ±3,300 SF office, ±7,638 SF mezzanine and ±16,000 SF warehouse space.; - Redevelopment zoning (MX-2) allows for an 8-story residential building.
    (973) 202-9119
    Request Owner's contact information
    488-500 Mulberry St, Unit | Newark Newark, NJ 07114
    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.
    488-500 Mulberry St, Unit | Newark
    Newark, NJ 07114
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimation

    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.

    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.

    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
    488-500 Mulberry St, Unit | Newark Newark, NJ 07114
    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
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.