Warehouse and Office in
For Sale
$1,400,000
41 Malvern St, Newark, NJ 07105
Vacant warehouse with office space in Newark's Ironbound section.
Property Size6,200 SF
Price / SF$225.81
Days on Market154
Property Features for 41 Malvern St
General Information
Standard status
Active
Size
6,200 SF
Property subtype
Commercial
Taxes and HOA fees
Annual Taxes
$11,537
Amenities
Central air
1 Unit Cooling
2 Units Heating
Central Air Cooling
Flat Roof
Forced Hot Air Heating
On-Street Parking
Listing Agency:
KELLER WILLIAMS VILLAGE SQUARE
(201) 445-4300
Listed By:
MARLON TATIS
(201) 906-3483
Source:
Corcoran
Added: Apr 14
Changed: Sep 14
Last Checked: Sep 14 at 7:47AM
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 KELLER WILLIAMS VILLAGE SQUARE
Investment Insights
Based on property information with market context.
This vacant warehouse and office property is located in the Ironbound section of Newark. The warehouse provides approximately 4,600 square feet of space, complemented by 1,600 square feet of office space. The warehouse is equipped with high-pressure gas and its own transformer, which handles 240V three-phase, 240V single-phase, and loads of 800/1200 Amps. The office space includes three separate offices with central air on the second floor, along with a lobby on the first floor. These features expand the use for this property and make a transition that much easier and cost effective.
Key Highlights
- 4,600 SqFt Warehouse and 1,600 SqFt Office Space in Newark's Ironbound Section
- High Pressure Gas Powered Warehouse
- Dedicated Transformer with 240V Three‑Phase, 240V Single‑Phase Power
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
$77,444
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
5.53%
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%
$1,548,880
$1.5M
Cap Rate 7%
$1,106,343
$1.1M
Cap Rate 9%
$860,489
$860.5K
Market Conditions
NOI Build-Up for 6,200 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
$96.7K $15.60/SF
− Vacancy
−$5.6K −$0.90/SF
EGI
$91.1K $14.70/SF
− OpEx
−$13.7K −$2.20/SF
NOI
$77.4K $12.49/SF
Area
ZIP 07105
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%
$1,548,880
Cap Rate 7%
$1,106,343
Cap Rate 9%
$860,489
Alternative Uses
Best Use
Warehouse
$1.11M
$968.1K – $1.29M
NOI $77,444 @ 7.0% cap · market cap 5.53%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.22M
$1.94M – $2.59M
NOI $155,228 @ 7.0% cap · market cap 11.09%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
3,086
Businesses Nearby
Well-served
Demand for This Use
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Industrial in Northeast region
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- Applezon Moving & Transportation LLC — 290 Chestnut St suite 207, Newark, NJ 07105
Frequently Asked Questions
What type of property is this?
Warehouse - Vacant warehouse with office space in Newark's Ironbound section.
Where is this warehouse located?
The property is located at 41 Malvern St Newark, NJ.
What is the asking price?
The asking price for this property is $1,400,000.
What are key features of this property?
This property features: 4,600 SqFt Warehouse and **1,600 SqFt Office Space** in Newark's Ironbound Section; High Pressure Gas Powered Warehouse; Dedicated Transformer with 240V Three‑Phase, 240V Single‑Phase Power
