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    303 Sherman Ave Newark, NJ 07114

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    For Sale
    $999,000

    Five-unit building featuring residential and commercial spaces.

    Lot size:
    0.06 Acres

    Property Features for 303 Sherman Ave

    General Information

    Lot size
    0.06 Acres

    Building Details

    Year built
    9999

    Source: RE/MAX NEW MILLENNIUM GROUP Agent ANTONIO PEREIRA

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

    Overview

    Mixed-Use Building with Income Potential

    This five-unit mixed-use building includes both residential and commercial spaces. It features four residential units that can generate rental income. The property also includes a bar/restaurant, presenting the option for owner-operation or rental for additional income.
    Insight Report Location Intelligence

    Current Use by Public Records

    Pat & Bill's Bar ... Bar & Grill

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Newark
    County
    Essex
    State
    New Jersey
    Longitude
    -74.1908548
    Latitude
    40.7139155

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    FAQs

    What type of property is this?
    Mixed-use property - Five-unit building featuring residential and commercial spaces.
    Where is this mixed-use property located?
    The property is located at 303 Sherman Ave Newark, NJ.
    What is the asking price?
    The asking price for this property is $999,000.
    What are key features of this property?
    This property features: - Combination of residential and commercial space offers diverse income streams.; - Four residential units provide immediate rental income.; - Bar/restaurant space offers business ownership or increased rental income potential.
    (908) 282-1234
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    303 Sherman Ave 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
    303 Sherman Ave Newark, NJ 07114
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