Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Newark Warehouse with Basement Title is generated by Realmo AI

    228 Miller St, Newark, NJ

    View on Map
    Claim this Listing
    For Sale
    Contact for pricing

    5,000 SF warehouse with two stories and basement.

    Type:INDUSTRIAL
    Property size:
    5,000 SF
    Lot size:
    0.06 Acres
    Price / SF:
    $179/SF
    Added:
    Nov 7, 2025
    Days on Market:
    214
    Last Refresh:
    May 20 at 9:51 pm

    Property Features for 228 Miller St

    General Information

    Standard status
    Active
    Size
    5,000 SF
    Lot size
    0.06 Acres
    Property subtype
    INDUSTRIAL

    We can help!

    Listing Contact
    Jason M. Crimmins
    Jason M. Crimmins

    Listing agent Jason M. Crimmins License #0341793

    Listing office The Blau & Berg Company

    Listing date Nov 7, 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

    • Approximately 5,000 SF Total Building Size
    • Two Stories with Basement
    • Zoned I‑2
    • 2 Truck Bay Loading
    • Ceiling Height: Approximately 10' - 12’
    • Lot Size: Approximately 0.06 AC (Block 1179, Lot 75)

    Overview

    The property features a total building size of approximately 5,000 square feet, distributed across two stories and a basement. The lot dimensions are 25 feet by 100 feet, encompassing approximately 0.06 acres. The property is heated by a gas suspended system. Ceiling heights range from approximately 10 to 12 feet. Loading is facilitated by 2 truck bays. The property is zoned I-2. Taxes for 2022 were $5,364.90.

    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 $78.0k $15.60
    − Vacancy −$4.5k −$0.90
    EGI $73.5k $14.70
    − OpEx −$11.0k −$2.20
    NOI $62.5k $12.49
    5,000 SF · lease $15.60/SF/yr · vacancy 5.80% · expense 15.00%

    Alternative Uses

    Best Use
    Warehouse
    $892.2K
    $780.7K – $1.04M (±1% cap)
    NOI $62,455 @ 7.0% cap · market cap 6.95%
    Second Best
    Industrial
    $734.8K
    $642.9K – $857.2K (±1% cap)
    NOI $51,433 @ 7.0% cap · market cap 5.72%
    Theoretical Best
    Office A
    $1.77M
    $1.55M – $2.07M (±1% cap)
    NOI $124,010 @ 7.0% cap · market cap 13.79%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Globe Plating Factory

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Dental Office 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
    -74.1769
    Latitude
    40.7177

    Nearby Similar for Sale

    • $1,500,000
      6,200 SF

      Warehouse and Office in Newark

      Vacant warehouse and office space in Newark's Ironbound district.
      41-43 Malvern St, Newark City, NJ 07105-1510
      View Details
    • $1,900,000
      11,519 SF

      Newark Warehouse with Mechanic Shop

      11,000+ SF warehouse with mechanic shop in Newark City.
      236 Park Ave, Newark City, NJ 07107-2349
      View Details
    • $900,000
      3,516 SF

      Newark City Income Property

      Income-producing commercial boarding house with 15 rentable units.
      464-466 Summer Ave, Newark City, NJ 07104-3773
      View Details
    • $899,999
      4,085 SF

      Three-Story Multifamily Building

      Newly built three-story multifamily with 9 bedrooms, 6 bathrooms, and a full basement for flexible occupancy.
      420 18Th Ave, Newark City, NJ 07108-1633
      View Details
    • $749,000
      6,312 SF

      Spacious Newark City Triplex

      Legal 3-family property with renovation potential in Newark City, NJ.
      366 7th Ave W, Newark City, NJ 07107-3664
      View Details
    • $615,000
      3,388 SF

      Recently Renovated 3-Family Home

      Legal three-family property with a spacious backyard, suited for owner-occupants or investors and offered for sale as-is.
      224 12Th Ave, Newark City, NJ 07107-1486
      View Details
    • $1,695,000
      10,000 SF

      Downtown Newark Mixed-Use Redevelopment Opportunity

      8,000 SF asset with redevelopment potential in Newark's commercial corridor.
      118-122 Market Street, Newark, NJ 07102
      View Details
    • $1,999,000
      6,250 SF

      Newark Commercial Property with Storefronts

      Versatile Newark property with warehouses and high-traffic storefronts for sale.
      34 Foster St, Newark City, NJ 07114-1327
      View Details
    • $1,999,000
      7,450 SF

      Newark Mixed-Use Commercial Opportunity

      Multi-use asset in Newark's promising growth corridor.
      707 Frelinghuysen Ave, Newark City, NJ 07114-1304
      View Details
    • $550,000
      2,540 SF

      Income-Producing Two-Family Property

      Two-family property in developing area with strong rental potential.
      37 Blum Street, Newark, NJ 07103
      View Details
    • $929,000
      6,000 SF

      Turnkey Newark Three-Family Investment Property

      Updated three-family home in Newark's Weequahic section, ideal for investors.
      349-351 Osborne Terrace, Newark, NJ 07112
      View Details
    • $605,000
      1,704 SF

      Renovated Two-Family Duplex

      Renovated two-story duplex with both units rented, providing steady residential income and owner-occupant flexibility.
      322 N 10Th St, Newark City, NJ 07107-1910
      View Details

    FAQs

    What type of property is this?
    Warehouse - 5,000 SF warehouse with two stories and basement.
    Where is this warehouse located?
    The property is located at 228 Miller St Newark, NJ.
    What is the asking price?
    The asking price for this property is $899,000.
    What are key features of this property?
    This property features: Approximately 5,000 SF Total Building Size; Two Stories with Basement; Zoned I‑2
    (973) 568-6611 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Jason M. Crimmins
    Jason M. Crimmins
    Real Estate License ID: 0341793
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error
    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    228 Miller St, Newark, NJ
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!