Industrial Warehouse with
For Sale
Contact for pricing
167-171 Frelinghuysen Ave, Newark, NJ 07114
Industrial warehouse offering 8,500 SF warehouse space with a 12,000 SF mezzanine level.
Property Size10,500 SF
Lot Size0.16 Acres
Price / SF$250
Days on Market122
Property Features for 167-171 Frelinghuysen Ave
General Information
Standard status
Active
Size
10,500 SF
Lot size
0.16 Acres
Property subtype
INDUSTRIAL
Zoning
Industrial
Warehouse & Industrial
Clear Height
18 ft
Drive-In Doors
1
Building Details
Year Built
1960
Listing Agency:
The Blau & Berg Company
(973) 379-6644
Listed By:
Jason M. Crimmins
(973) 568-6611
Source:
Moodyscre
Added: May 11
Changed: Sep 5
Last Checked: Jul 23 at 2:02AM
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 The Blau & Berg Company
Investment Insights
Based on property information with market context.
This industrial warehouse totals approximately 10,500 SF and includes an 8,500 SF warehouse area plus a 2nd-floor mezzanine of 12,000 SF. The facility features an 18-foot ceiling height and offers loading support with two interior tailboards and one drive-in. Off-street parking is available, and the building was constructed in 1960.
The property sits on a 0.16-acre lot (Block 2770, Lots 7–9) and is zoned Industrial. It is well suited for users seeking an industrial configuration with interior loading and mezzanine space.
The property sits on a 0.16-acre lot (Block 2770, Lots 7–9) and is zoned Industrial. It is well suited for users seeking an industrial configuration with interior loading and mezzanine space.
Key Highlights
- Total building size of 10,500 SF: 8,500 SF warehouse plus a 12,000 SF mezzanine (2nd floor)
- Ceiling height of 18 feet for the warehouse space
- Loading includes 2 interior tailboards and 1 drive‑in
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$131,155
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.00%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$2,623,100
$2.6M
Cap Rate 7%
$1,873,643
$1.9M
Cap Rate 9%
$1,457,278
$1.5M
Market Conditions
NOI Build-Up for 10,500 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$163.8K $15.60/SF
− Vacancy
−$9.5K −$0.90/SF
EGI
$154.3K $14.70/SF
− OpEx
−$23.1K −$2.20/SF
NOI
$131.2K $12.49/SF
Area
Newark, NJ
Vacancy
5.80%
Lease Rate
$15.60 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$2,623,100
Cap Rate 7%
$1,873,643
Cap Rate 9%
$1,457,278
Alternative Uses
Best Use
Warehouse
$1.87M
$1.64M – $2.19M
NOI $131,155 @ 7.0% cap · market cap 5.00%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.72M
$3.26M – $4.34M
NOI $260,422 @ 7.0% cap · market cap 9.92%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
18 ft
Clear height
1
Drive-in doors
Location Intelligence
Trade Area within ½ mile
1,246
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 07114, NJ
17,767
Population
4,694
Households
3.8
Avg Household Size
39
Median Age
9%
College-Educated
69%
High-School Grad
7.9 sq mi
ZIP Area
2,249
Density / Sq Mi
$34,167
Median Household Income
$35,916
Median Earnings
$616
Median Rent
$384,700
Median Home Value
Market
Vacancy Rate% for Industrial in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- PlusBox Coworking and Storage — 290 Elizabeth Ave, Newark, NJ 07108
- Jet Blue Relocation Inc. — 20 E Peddie St, Newark, NJ 07114
- Extra Space Storage — 320 Elizabeth Ave, Newark, NJ 07112
- Father & Son Moving & Storage Inc — 194 Frelinghuysen Ave, Newark, NJ 07114
- Brantley Bros Moving & Storage Co. Inc — 174 Elizabeth Ave, Newark, NJ 07108
Frequently Asked Questions
What type of property is this?
Warehouse - Industrial warehouse offering 8,500 SF warehouse space with a 12,000 SF mezzanine level.
Where is this warehouse located?
The property is located at 167-171 Frelinghuysen Ave Newark, NJ.
What is the asking price?
The asking price for this property is $2,625,000.
What are key features of this property?
This property features: Total building size of 10,500 SF: 8,500 SF warehouse plus a 12,000 SF mezzanine (2nd floor); Ceiling height of 18 feet for the warehouse space; Loading includes 2 interior tailboards and 1 drive‑in
