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    Newark Warehouse with Loading Docks Title is generated by Realmo AI

    208-218 Miller St, Newark, NJ

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    27,000 SF warehouse on 0.36 acres with loading docks.

    Type:INDUSTRIAL
    Property size:
    4,250 SF
    Lot size:
    0.29 Acres
    Price / SF:
    $217/SF
    Added:
    Aug 28, 2025
    Days on Market:
    293
    Last Refresh:
    May 20 at 8:45 pm

    Property Features for 208-218 Miller St

    General Information

    Standard status
    Active
    Size
    4,250 SF
    Lot size
    0.29 Acres
    Property subtype
    INDUSTRIAL

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    Listing Contact
    Jason M. Crimmins
    Jason M. Crimmins

    Listing agent Jason M. Crimmins License #0341793

    Listing office The Blau & Berg Company

    Listing date Aug 28, 2025

    Source Moodyscre

    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

    HighLights

    • ±27,000 SF Total Building Size
    • Features 14 Truck Bays
    • Zoned I‑2
    • Available Cooler
    • ±0.36 AC Acreage
    • Includes 1 Drive‑In Ramp

    Overview

    The property features a building with a total size of approximately 27,000 square feet, situated on approximately 0.36 acres, identified as Block 1179, Lots 34 through 39. The lot dimensions are 25 feet by 100 feet. Loading is facilitated by 14 truck bays and 1 drive-in ramp. The building is equipped with gas suspended heating. A cooler is available. Ceiling heights range from approximately 10 to 12 feet. The zoning is I-2.

    Local Financial Insights For Warehouse

    Simulate Cap Rate and NOI

    NOI Build-Up
    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.

    Component $ $/SF
    Gross rent $66.3k $15.60
    − Vacancy −$3.8k −$0.90
    EGI $62.5k $14.70
    − OpEx −$9.4k −$2.20
    NOI $53.1k $12.49
    4,250 SF · lease $15.60/SF/yr · vacancy 5.80% · expense 15.00%

    Alternative Uses

    Best Use
    Warehouse
    $758.4K
    $663.6K – $884.8K (±1% cap)
    NOI $53,086 @ 7.0% cap · market cap 5.74%
    Second Best
    Industrial
    $624.5K
    $546.5K – $728.6K (±1% cap)
    NOI $43,718 @ 7.0% cap · market cap 4.73%
    Theoretical Best
    Office A
    $1.51M
    $1.32M – $1.76M (±1% cap)
    NOI $105,409 @ 7.0% cap · market cap 11.40%
    Zoning and permitted uses should be independently verified with local authorities.
    Location Intelligence

    Current Use by Public Records

    Warehouses

    Suggested Use

    Restaurant Real Estate Agency Law Firm Dental Office Building Supply Spa & Massage Center Big Box & Wholesale Store Hair Salon Auto Repair Shop Nail Salon

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

    Similar Places Nearby

    • PlusBox Coworking and Storage — 290 Elizabeth Ave, Newark, NJ 07108
    • Jet Blue Relocation Inc. — 20 E Peddie St, Newark, NJ 07114
    • Brantley Bros Moving & Storage Co. Inc — 174 Elizabeth Ave, Newark, NJ 07108
    • Father & Son Moving & Storage Inc — 194 Frelinghuysen Ave, Newark, NJ 07114
    • Extra Space Storage — 320 Elizabeth Ave, Newark, NJ 07112

    Location Insight

    • Map
    • Local Demand
    City
    Newark
    County
    Essex
    State
    New Jersey
    Longitude
    -74.1777
    Latitude
    40.718

    FAQs

    What type of property is this?
    Warehouse - 27,000 SF warehouse on 0.36 acres with loading docks.
    Where is this warehouse located?
    The property is located at 208-218 Miller St Newark, NJ.
    What is the asking price?
    The asking price for this property is $925,000.
    What are key features of this property?
    This property features: ±27,000 SF Total Building Size; Features 14 Truck Bays; Zoned I‑2
    (973) 568-6611 Call to check price and availability
    More about this property
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