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    80 Park Pl Newark, NJ 07102

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    For Lease
    Contact for pricing

    Prime office building near Newark Penn Station and NJPAC.

    Property size:
    265,000 SF
    Lot size:
    1.90 Acres

    Property Features for 80 Park Pl

    General Information

    Size
    265,000 SF
    Lot size
    1.90 Acres

    Source: Colliers | Parsippany Agent Bryn Cinque

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

    Overview

    Renovated Office Space Near Transit

    This office building, located two blocks from Newark Penn Station and one block from the New Jersey Performing Arts Center (NJPAC), offers convenient access to transportation and amenities. The property is situated 20 minutes from Midtown Manhattan and a short distance from Newark Liberty Airport. The building features 24-hour manned security and has a newly renovated perimeter exterior. Inside, there are newly renovated conference facilities, a fitness center, and an upscale grab-and-go food option. On-site property management is available. The location provides close proximity to ample shopping, restaurants, and hotels. Transportation access is facilitated by nearby Route 280, Route 78, the Garden State Parkway, and the New Jersey Turnpike. The property offers excellent views and comprises 265,000 square feet of space.
    Location Intelligence

    Current Use by Public Records

    Public Service Plaza ... Credit Union Scholastic Corporation Book Publisher PSEG - General Office Electric Utility Company

    Suggested Use

    Realty agency Restaurant Building Supply Spa & Massage Dental Office Law Firm Wholesale Shop Auto Repair Shop Hair Salon Hotel & Motel

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

    Location Insight

    • Map
    • Local Demand
    City
    Newark
    County
    Essex
    State
    New Jersey
    Longitude
    -74.1699022
    Latitude
    40.737967

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    FAQs

    What type of property is this?
    Office building - Prime office building near Newark Penn Station and NJPAC.
    Where is this office building located?
    The property is located at 80 Park Pl Newark, NJ.
    What are key features of this property?
    This property features: - Prime location: Just 2 blocks from Newark Penn Station (20 minutes to Midtown Manhattan) and 1 block from NJPAC; - Newly renovated amenities including conference facilities, fitness center, and grab & go; - 24-hour manned security
    (973) 479-2198
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    80 Park Pl Newark, NJ 07102
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    Newark, NJ 07102
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    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
    80 Park Pl Newark, NJ 07102
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