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    195 Miller St Newark, NJ 07114

    For Sale
    $895,000

    2,012 SF auto shop with lifts and compressor.

    Property size:
    2,012 SF
    Lot size:
    0.05 Acres

    Property Features for 195 Miller St

    General Information

    Size
    2,012 SF
    Lot size
    0.05 Acres

    Source: The Blau & Berg Company Agent Dylan P. Meade

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

    Overview

    Newark Auto Shop For Sale

    This property features a building size of approximately 2,012 square feet on a lot of about 0.05 acres, identified as Block 1178, Lot 14. The building includes one drive-in door and a ceiling height of 12 feet 8 inches. It is equipped with three auto lifts, a brand new air compressor, and gas suspended heat. Located in a high-density traffic area, the property's taxes were $7,285.20 in 2022. This property is suitable for auto shops and other automotive-related businesses.
    Insight Report Location Intelligence

    Current Use by Public Records

    Optimum Auto Repair Auto Repair Shop Reliable Auto Repair Auto Repair Shop Prefrance Auto Care Auto Repair Shop

    Suggested Use

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

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

    Similar Places Nearby

    NEWARK SPRING & SUSPENSION, Classic Auto Body, ventura Motors, Abreu Truck Services, D And T Towing

    Location Insight

    • Map
    • Local Demand
    City
    Newark
    County
    Essex
    State
    New Jersey
    Longitude
    -74.1782676
    Latitude
    40.7179624

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    FAQs

    What type of property is this?
    Auto shop - 2,012 SF auto shop with lifts and compressor.
    Where is this auto shop located?
    The property is located at 195 Miller St Newark, NJ.
    What is the asking price?
    The asking price for this property is $895,000.
    What are key features of this property?
    This property features: - Three auto lifts included, perfect for automotive enthusiasts or business owners.; - ±2,012 SF building size.; - Features one drive-in door.
    (973) 464-4341
    Request Owner's contact information
    195 Miller St Newark, NJ 07114
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    Newark, NJ 07114
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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
    195 Miller St Newark, NJ 07114
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