Multi-Level Retail
For Sale
Contact for pricing
145 Elm St #1, Newark, NJ 07105
An open showroom, built-in display fixtures, storage, and a basement support varied commercial configurations.
Property Size1,300 SF
Price / SF$2.54
Days on Market102
Property Features for 145 Elm St #1
General Information
Standard status
Active
Size
1,300 SF
Property subtype
Commercial
Zoning
Store Front
Site & Location
Neighborhood
Ironbound
Highway Access
Yes
Amenities
open-concept showroom
built-in display shelving
multiple glass display cases
bright LED lighting
two restrooms
rear storage area
large lower-level basement
Building Details
Building Size
1,300 SF
Year Built
1910
Stories
1
Units
1
Listing Agency:
Bhgre Elite
(908) 316-8530
Listed By:
Jazmine Clausen-Soir · License #1750907
(732) 646-3455
Source:
Culturaunitedrealty
Added: Jul 16
Changed: Oct 23
Last Checked: Oct 23 at 5:20PM
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 Bhgre Elite
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Investment Insights
Based on property information with market context.
This 1,300-square-foot, multi-level storefront at 145 Elm St #1 includes an open showroom, built-in shelving, glass display cases, and LED lighting. Two restrooms, rear storage with exterior access, and a basement provide additional functional space. The building dates to 1910, and the listed zoning is Store Front.
The property sits in Newark’s Elm Street commercial area, amid businesses, restaurants, and residential neighborhoods. NJ Transit, Newark Penn Station, major highways, and downtown Newark are identified as nearby access points. The location is described as having pedestrian and vehicle traffic.
The property sits in Newark’s Elm Street commercial area, amid businesses, restaurants, and residential neighborhoods. NJ Transit, Newark Penn Station, major highways, and downtown Newark are identified as nearby access points. The location is described as having pedestrian and vehicle traffic.
Key Highlights
- 1,300‑square‑foot, multi‑level storefront
- Open showroom with built‑in shelving and multiple glass display cases
- Two restrooms, rear storage with exterior access, and basement
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$19,853
Suggested Prices Based on Cap Rates
Cap Rate 5%
$397,060
$397.1K
Cap Rate 7%
$283,614
$283.6K
Cap Rate 9%
$220,589
$220.6K
Market Conditions
NOI Build-Up for 1,300 SF
Gross rent
$31.2K $24.00/SF
− Vacancy
−$2.8K −$2.18/SF
EGI
$28.4K $21.82/SF
− OpEx
−$8.5K −$6.54/SF
NOI
$19.9K $15.27/SF
Area
ZIP 07105
Vacancy
9.10%
Lease Rate
$24.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$397,060
Cap Rate 7%
$283,614
Cap Rate 9%
$220,589
Alternative Uses
Best Use
Retail
$283.6K
$248.2K – $330.9K
NOI $19,853 @ 7.0% cap · market cap 601.61%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$465.0K
$406.9K – $542.5K
NOI $32,548 @ 7.0% cap · market cap 986.30%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
5,988
Businesses Nearby
271k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 35%
Dining 31%
Groceries 18%
Hotels & Casinos 6%
Seabra's Market
Groceries
47,485 visits/mo
0.2 miles
McDonald's
Dining
45,223 visits/mo
0.5 miles
McDonald's
Dining
22,083 visits/mo
0.3 miles
DoubleTree by Hilton Newark Penn Station
Hotels & Casinos
16,051 visits/mo
0.5 miles
BP
Shops & Services
14,035 visits/mo
0.3 miles
Demographics for 07105, NJ
50,870
Population
20,608
Households
2.5
Avg Household Size
35
Median Age
15%
College-Educated
70%
High-School Grad
4.6 sq mi
ZIP Area
11,059
Density / Sq Mi
$55,752
Median Household Income
$33,175
Median Earnings
$1,600
Median Rent
$445,900
Median Home Value
Market
Vacancy Rate% for Retail in Northeast region
Similar Off Market Nearby
- Eternity Flowers and Gifts — 99 Pulaski St, Newark, NJ 07105
- flowers by francis — 200 A Chestnut St, Newark, NJ 07105
- Flores _ Regalos Johis Fiesta Nj — 340 Irvine Turner Blvd, Newark, NJ 07108
- Santos Florist — 10 Wilson Ave, Newark, NJ 07105
- SANTOS FLORIST — 29 Niagara St, Newark, NJ 07105
Frequently Asked Questions
What type of property is this?
Storefront property - An open showroom, built-in display fixtures, storage, and a basement support varied commercial configurations.
Where is this storefront property located?
The property is located at 145 Elm St #1 Newark, NJ.
What are key features of this property?
This property features: 1,300‑square‑foot, multi‑level storefront; Open showroom with built‑in shelving and multiple glass display cases; Two restrooms, rear storage with exterior access, and basement
