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    1100 Raymond Blvd Newark, NJ 07102

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    For Sale
    Contact for pricing

    Office building in Newark CBD, near transportation and amenities.

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    Listing Contact
    Jeff Kolodkin
    Source: Nmrk

    Listing Agent: Jeff Kolodkin

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

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    Overview

    Newark CBD Office Building Opportunity

    Located in the heart of Newark's Central Business District, this office building offers 388,032 square feet of space. The property is situated one block from Newark Penn Station and the Light Rail Station, providing convenient access to transportation. It is also close to area amenities and approximately 5 miles from Newark Liberty International Airport. The building benefits from its location within the Newark urban economic development zone. Notable neighbors include Seton Hall Law School, Rutgers University, New Jersey Institute of Technology (NJIT), McCarter English, Mars Wrigley, NJPAC, and The Prudential Center. The building features 19'6" slab-to-slab ceiling heights and 15' high windows. Exclusive entrances and branding opportunities are available, along with an outdoor patio area. The property offers autonomous HVAC for a building-within-a-building environment and floor loads ranging from 100 to 250 pounds per square foot. Tenant electric is separately metered. The building has robust power from two separate PSE&G substations and robust connectivity. Rooftop steel is in place for the installation of up to a 3 MW generator. The building is equipped with 2 elevators and 1 freight elevator.
    Location Intelligence

    Current Use by Public Records

    Public Employment Relations Employment Agency US Customs Services Federal Government Office Centre Market Building ... Property Administration Service US Govt Irs ... State Government Office

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Food Market 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
    -74.1670432
    Latitude
    40.7361489

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    FAQs

    What type of property is this?
    Office building - Office building in Newark CBD, near transportation and amenities.
    Where is this office building located?
    The property is located at 1100 Raymond Blvd Newark, NJ.
    What are key features of this property?
    This property features: - Unparalleled Location: Heart of Newark CBD, just 1 block to Newark Penn Station and Light Rail, and 5 miles to Newark Liberty International Airport.; - Robust Infrastructure: Features robust power from two separate PSE&G substations and rooftop steel in place for a 3 MW generator.; - Flexible Space: Offering 388,032 SF Building RBA with 19’6” slab to slab ceiling height.
    (551) 427-3600
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    1100 Raymond Blvd Newark, NJ 07102
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    Newark, NJ 07102
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    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    1100 Raymond Blvd Newark, NJ 07102
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    Listing Contact
    Jeff Kolodkin
    (551) 427-3600
    Learn more
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