Warehouse and Office in
For Sale
$1,500,000
41 Malvern St, Newark, NJ 07105
Vacant warehouse with office space in Newark's Ironbound section.
Property Size6,200 SF
Price / SF$241.94
Days on Market109
Property Features for 41 Malvern St
General Information
Standard status
Active
Size
6,200 SF
Property subtype
Commercial
Building Details
Year Built
9999
Listing Agency:
KELLER WILLIAMS VILLAGE SQUARE
(201) 445-4300
Listed By:
MARLON TATIS
Source:
Corcoran
Added: Apr 14
Changed: Jul 10
Last Checked: Jul 31 at 7:05AM
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 For Office B
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 | $186.0k | $30.00 |
| − Vacancy | −$43.3k | −$6.99 |
| EGI | $142.7k | $23.01 |
| − OpEx | −$35.7k | −$5.75 |
| NOI | $107.0k | $17.26 |
6,200 SF · lease $30.00/SF/yr · vacancy 23.30% · expense 25.00%
Alternative Uses
Best Use
Office B
$1.53M
$1.34M – $1.78M
NOI $106,997 @ 7.0% cap · market cap 7.13%
Second Best
Warehouse
$1.11M
$968.1K – $1.29M
NOI $77,444 @ 7.0% cap · market cap 5.16%
Theoretical Best
Office A
$2.22M
$1.94M – $2.59M
NOI $155,228 @ 7.0% cap · market cap 10.35%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
3,122
Businesses Nearby
Balanced
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
Market
Vacancy Rate% for Office in Northeast region
Questions? Ask Rey
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- South Street Storage — 431 South St, Newark, NJ 07105
- True State Moving Services — 98 Murray St, Newark, NJ 07114
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 $1,500,000.
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
