Warehouse with Loading
For Sale
Contact for pricing
370 -376 Adams St, Newark, NJ 07114
Open industrial facility with dock access, elevated ceilings, and on-site parking near Newark’s regional transportation network.
Property Size22,024 SF
Price / SF$0.76
Days on Market101
Property Features for 370 -376 Adams St
General Information
Standard status
Active
Size
22,024 SF
Total Parking Spaces
15
Additional Details
Highway Access
Yes
Amenities
loading docks
Listing Agency:
FLOROSTONE REALTY INC.
Listed By:
GRISELA FLORES · License #0792631
(908) 445-5339
Source:
Goldstandardrealty
Added: Jul 9
Changed: Oct 4
Last Checked: Oct 16 at 10:40AM
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 FLOROSTONE REALTY INC.
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Investment Insights
Based on property information with market context.
This 22,024-square-foot warehouse in Newark’s Ironbound section provides an open industrial layout with three loading docks and 14-foot ceiling heights. The configuration supports warehousing, manufacturing, distribution, logistics, and other industrial operations, with approximately 15 on-site parking spaces for vehicles and daily facility use.
The property is positioned minutes from major highways, Port Newark-Elizabeth, Newark Liberty International Airport, and regional transportation routes serving the New Jersey and New York metropolitan area. Its Adams Street location places the facility within Newark City and the 07114 ZIP code.
The property is positioned minutes from major highways, Port Newark-Elizabeth, Newark Liberty International Airport, and regional transportation routes serving the New Jersey and New York metropolitan area. Its Adams Street location places the facility within Newark City and the 07114 ZIP code.
Key Highlights
- 22,024‑square‑foot warehouse facility
- Three loading docks support receiving and shipping
- 14‑foot ceiling heights
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$226,553
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,531,060
$4.5M
Cap Rate 7%
$3,236,471
$3.2M
Cap Rate 9%
$2,517,256
$2.5M
Market Conditions
NOI Build-Up for 22,024 SF
Gross rent
$343.6K $15.60/SF
− Vacancy
−$19.9K −$0.90/SF
EGI
$323.6K $14.70/SF
− OpEx
−$97.1K −$4.41/SF
NOI
$226.6K $10.29/SF
Area
Newark, NJ
Vacancy
5.80%
Lease Rate
$15.60 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,531,060
Cap Rate 7%
$3,236,471
Cap Rate 9%
$2,517,256
Alternative Uses
Best Use
Warehouse
$3.93M
$3.44M – $4.59M
NOI $275,100 @ 7.0% cap · market cap 1,643.37%
Second Best
Industrial
$3.24M
$2.83M – $3.78M
NOI $226,553 @ 7.0% cap · market cap 1,353.36%
Theoretical Best
Office A
$7.80M
$6.83M – $9.10M
NOI $546,241 @ 7.0% cap · market cap 3,263.09%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
2,123
Businesses Nearby
Balanced
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in Northeast region
Similar Off Market Nearby
- AJC INDUSTRIES LLC — 219 Vanderpool St, Newark, NJ 07114
- Newark Refrigerated Warehouse: Executive Office — 104 Avenue C, Newark, NJ 07114
- South Street Storage — 431 South St, Newark, NJ 07105
- True State Moving Services — 98 Murray St, Newark, NJ 07114
- Applezon Moving & Transportation LLC — 290 Chestnut St suite 207, Newark, NJ 07105
Frequently Asked Questions
What type of property is this?
Warehouse - Open industrial facility with dock access, elevated ceilings, and on-site parking near Newark’s regional transportation network.
Where is this warehouse located?
The property is located at 370 -376 Adams St Newark, NJ.
What are key features of this property?
This property features: 22,024‑square‑foot warehouse facility; Three loading docks support receiving and shipping; 14‑foot ceiling heights
