Newark Industrial Building with
101-103 Harper St Newark, NJ
101-103 Harper St, Newark, NJ, 00000
Contact for pricing
For Sale
Contact for pricing
12,000 SF industrial building with office component for sale.
Property Size12,000 SF
Lot Size0.20 Acres
Price / SF$200
Days on Market668
Property Features for 101-103 Harper St
General Information
- Standard status
- Active
- Size
- 12,000 SF
- Lot size
- 0.20 Acres
- Property subtype
- INDUSTRIAL
Listing Agency
The Blau & Berg Company
(973) 568-6611
Listed by
Jason M. Crimmins · License #0341793
(973) 568-6611
Source
Moodyscre
Added: Sep 19, 2024 Checked: Jul 17 at 6:02 am
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of The Blau & Berg Company
Investment Insights
Based on property information with market context.
This industrial property features a total building size of approximately 12,000 square feet, including an office component of about 400 square feet. Constructed in the 1970s, the building offers clear span column spacing and ceiling heights ranging from approximately 14 to 21 feet. It includes two drive-in doors and is situated on a lot of approximately 0.27 acres. The property is zoned for industrial use. Taxes for 2024 are $19,888.88. The sale includes an additional industrial building at 21 Avenue C, offering approximately 3,000 square feet of space. The property is located in Newark, NJ.
Key Highlights
- Sale includes 21 Avenue C (±3,000 SF Industrial)
- Boasting ±12,000 SF Total Building Size
- Zoned Industrial
Local Financial Insights For Warehouse
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $187.2k | $15.60 |
| − Vacancy | −$10.9k | −$0.90 |
| EGI | $176.3k | $14.70 |
| − OpEx | −$26.5k | −$2.20 |
| NOI | $149.9k | $12.49 |
12,000 SF · lease $15.60/SF/yr · vacancy 5.80% · expense 15.00%
Alternative Uses
Best Use
Warehouse
$2.14M
$1.87M – $2.50M
NOI $149,891 @ 7.0% cap · market cap 6.25%
Second Best
Industrial
$1.76M
$1.54M – $2.06M
NOI $123,440 @ 7.0% cap · market cap 5.14%
Theoretical Best
Office A
$4.25M
$3.72M – $4.96M
NOI $297,625 @ 7.0% cap · market cap 12.40%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Warehouses
Similar For Sale Nearby
Similar Off Market Nearby
- The DeLong Company — 116 Poinier St, Newark, NJ 07114
- Father Son Storage — newark, nj 07114
- Newark Refrigerated Warehouse: Executive Office — 104 Avenue C, Newark, NJ 07114
- AJC INDUSTRIES LLC — 219 Vanderpool St, Newark, NJ 07114
- Father & Son Moving & Storage Inc — 194 Frelinghuysen Ave, Newark, NJ 07114
FAQs
What type of property is this?
Warehouse - 12,000 SF industrial building with office component for sale.
Where is this warehouse located?
The property is located at 101-103 Harper St Newark, NJ.
What is the asking price?
The asking price for this property is $2,400,000.
What are key features of this property?
This property features: Sale includes 21 Avenue C (±3,000 SF Industrial); Boasting ±12,000 SF Total Building Size; Zoned Industrial
