Mixed-Use Retail
449 Orange St, Newark, NJ 07107
For Sale
Contact for pricing
Ground-floor shop space and a second-floor apartment bring retail and residential functions together in one property.
Property Size1,200 SF
Price / SF$416.67
Days on Market34
Property Features for 449 Orange St
General Information
Standard status
Size
Property subtype
Site & Location
Neighborhood
Highway Access
Mixed-Use Components
Additional Details
Floor
Building Details
Year Renovated
Buildings
Stories
Listing Agency:
IPRG Investment Property Realty Group
Listed By:
Andrea Nestico · License NJ #2295722
Source:
Crexi
Added: Oct 12
Changed: Nov 9
Last Checked: Nov 12 at 6:56AM
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 IPRG Investment Property Realty Group
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Investment Insights
Based on property information with market context.
This Newark property pairs 1,200 square feet of ground-floor retail space with a 400-square-foot basement. A two-bedroom, one-bath apartment occupies the second floor. Light renovations were completed in 2021, updating the property’s condition while retaining its retail-and-residential configuration.
At 449 Orange St, the building sits along the Orange Street commercial corridor. Downtown Newark, Branch Brook Park, the Orange Street Light Rail Station, and major highways are identified as nearby access points or destinations.
At 449 Orange St, the building sits along the Orange Street commercial corridor. Downtown Newark, Branch Brook Park, the Orange Street Light Rail Station, and major highways are identified as nearby access points or destinations.
Key Highlights
- 1,200 square feet of ground‑floor retail space
- 400‑square‑foot basement
- Second‑floor apartment with two bedrooms and one bathroom
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$17,622
Cap Rate
3.52%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$352,440
$352.4K
Cap Rate 7%
$251,743
$251.7K
Cap Rate 9%
$195,800
$195.8K
Market Conditions
NOI Build-Up for 1,200 SF
Gross rent
$31.7K $26.40/SF
− Vacancy
−$3.5K −$2.90/SF
EGI
$28.2K $23.50/SF
− OpEx
−$10.6K −$8.81/SF
NOI
$17.6K $14.68/SF
Area
ZIP 07107
Vacancy
11.00%
Lease Rate
$26.40 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$352,440
Cap Rate 7%
$251,743
Cap Rate 9%
$195,800
Alternative Uses
Best Use
Mixed Use
$251.7K
$220.3K – $293.7K
NOI $17,622 @ 7.0% cap · market cap 3.52%
Second Best
Retail
$232.0K
$203.0K – $270.7K
NOI $16,239 @ 7.0% cap · market cap 3.25%
Theoretical Best
Office A
$469.4K
$410.8K – $547.7K
NOI $32,861 @ 7.0% cap · market cap 6.57%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,441
Businesses Nearby
82k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 57%
Dining 29%
Groceries 14%
Exxon
Shops & Services
16,858 visits/mo
0.4 miles
Dunkin' Donuts
Dining
13,919 visits/mo
0.4 miles
Universal Food Markets
Groceries
11,385 visits/mo
0.5 miles
KFC
Dining
10,075 visits/mo
0.4 miles
Speedway
Shops & Services
8,747 visits/mo
0.4 miles
Demographics for 07107, NJ
41,627
Population
16,084
Households
2.6
Avg Household Size
33
Median Age
13%
College-Educated
77%
High-School Grad
1.6 sq mi
ZIP Area
26,017
Density / Sq Mi
$49,892
Median Household Income
$35,700
Median Earnings
$1,259
Median Rent
$353,300
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Average Price Trend$/SF for Mixed-use properties in Newark, NJ
Properties on Market for Mixed-use properties in Newark
Vacancy Rate% for Retail in Northeast region
Frequently Asked Questions
What type of property is this?
Mixed-use property - Ground-floor shop space and a second-floor apartment bring retail and residential functions together in one property.
Where is this mixed-use property located?
The property is located at 449 Orange St Newark, NJ.
What is the asking price?
The asking price for this property is $500,000.
What are key features of this property?
This property features: 1,200 square feet of ground‑floor retail space; 400‑square‑foot basement; Second‑floor apartment with two bedrooms and one bathroom
