Two-Property Industrial
258-260 South Street, Newark, NJ 07105
For Sale
Contact for pricing
The package combines a two-story industrial building with a separate paved, fenced, and illuminated lot.
Property Size10,000 SF
Price / SF$225
Days on Market26
Property Features for 258-260 South Street
General Information
Standard status
Size
Property subtype
Site & Location
Neighborhood
Fenced Yard
Additional Details
Asking Price
Drive-In Doors
Property Use
Building Details
Buildings
Stories
Building Size
Listing Agency:
The Blau & Berg Company
Listed By:
Jason M. Crimmins · License #NJ 9694872
(973) 568-6611
Source:
Crexi
Added: Oct 15
Changed: Nov 8
Last Checked: Nov 8 at 5:28PM
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
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This Newark offering brings together two industrial properties on South Street. The building at 258-260 South Street has two stories totaling 10,000 square feet, with 5,000 square feet on each floor and two drive-in doors. It occupies 0.11 acres. A separate paved lot at 262-268 South Street measures 0.1 acres and is fenced and lit.
The properties are in Newark, New Jersey, near Newark Penn Station, Newark Airport, and Ports Newark & Elizabeth. The offering comprises both the building and the separate lot.
The properties are in Newark, New Jersey, near Newark Penn Station, Newark Airport, and Ports Newark & Elizabeth. The offering comprises both the building and the separate lot.
Key Highlights
- Two‑story industrial building totals 10,000 square feet, with 5,000 square feet per floor
- Two drive‑in doors at 258‑260 South Street
- Building occupies 0.11 acres
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$102,757
Cap Rate
4.57%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,055,140
$2.1M
Cap Rate 7%
$1,467,957
$1.5M
Cap Rate 9%
$1,141,744
$1.1M
Market Conditions
NOI Build-Up for 10,000 SF
Gross rent
$156.0K $15.60/SF
− Vacancy
−$9.2K −$0.92/SF
EGI
$146.8K $14.68/SF
− OpEx
−$44.0K −$4.40/SF
NOI
$102.8K $10.28/SF
Area
ZIP 07105
Vacancy
5.90%
Lease Rate
$15.60 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,055,140
Cap Rate 7%
$1,467,957
Cap Rate 9%
$1,141,744
Alternative Uses
Best Use
Industrial
$1.47M
$1.28M – $1.71M
NOI $102,757 @ 7.0% cap · market cap 4.57%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.58M
$3.13M – $4.17M
NOI $250,368 @ 7.0% cap · market cap 11.13%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
2
Drive-in doors
Yes
Fenced yard
Location Intelligence
Trade Area within ½ mile
3,004
Businesses Nearby
Explore this area
Business Placement
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
$445,900
Median Home Value
Market
Average Price Trend$/SF for Industrial properties in Newark, NJ
Properties on Market for Industrial properties in Newark
Vacancy Rate% for Industrial in Northeast region
Frequently Asked Questions
What type of property is this?
Industrial property - The package combines a two-story industrial building with a separate paved, fenced, and illuminated lot.
Where is this industrial property located?
The property is located at 258-260 South Street Newark, NJ.
What is the asking price?
The asking price for this property is $2,250,000.
What are key features of this property?
This property features: Two‑story industrial building totals 10,000 square feet, with 5,000 square feet per floor; Two drive‑in doors at 258‑260 South Street; Building occupies 0.11 acres
