Four-Unit Office
For Sale
Contact for pricing
536-540 Central Ave, Newark, NJ 07107
Flexible commercial suites feature abundant natural light, spacious layouts, and access to shared outdoor-use possibilities.
Property Size19,256 SF
Price / SF$0.21
Days on Market94
Property Features for 536-540 Central Ave
General Information
Standard status
Active
Size
19,256 SF
Additional Details
Office Units
4
Building Details
Year Built
1950
Buildings
1
Stories
2
Tenancy
Multi
Abandoned
No
Listing Agency:
BHHS JORDAN BARIS REALTY
Listed By:
ELLEN QUENTZEL
(973) 736-4058
Source:
Luminancerealty
Added: Jul 21
Changed: Oct 5
Last Checked: Oct 5 at 10:48PM
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 BHHS JORDAN BARIS REALTY
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Investment Insights
Based on property information with market context.
This office property contains four commercial units arranged across two levels, with each suite measuring approximately 1250 square feet. The lower units are partially below grade but receive natural light through large windows, while the upper suites offer the same windowed environment with 12-foot ceilings. The property includes updated bathrooms and newly completed interior space.
Located at 536-540 Central Ave in Newark City, the property can accommodate a range of commercial applications identified in the source information, including retail, vocational training, school, and day care uses. Outdoor space may be available for tenant use on a case-by-case basis, with potential for parking or an outdoor play area subject to availability.
Located at 536-540 Central Ave in Newark City, the property can accommodate a range of commercial applications identified in the source information, including retail, vocational training, school, and day care uses. Outdoor space may be available for tenant use on a case-by-case basis, with potential for parking or an outdoor play area subject to availability.
Key Highlights
- Four commercial units arranged across two levels
- Each unit is approximately 1250 square feet
- Upper units feature large windows and 12 ft ceilings
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$260,580
Suggested Prices Based on Cap Rates
Cap Rate 5%
$5,211,600
$5.2M
Cap Rate 7%
$3,722,571
$3.7M
Cap Rate 9%
$2,895,333
$2.9M
Market Conditions
NOI Build-Up for 19,256 SF
Gross rent
$415.9K $21.60/SF
− Vacancy
−$43.7K −$2.27/SF
EGI
$372.3K $19.33/SF
− OpEx
−$111.7K −$5.80/SF
NOI
$260.6K $13.53/SF
Area
ZIP 07107
Vacancy
10.50%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$5,211,600
Cap Rate 7%
$3,722,571
Cap Rate 9%
$2,895,333
Alternative Uses
Best Use
Office B
$5.22M
$4.57M – $6.09M
NOI $365,541 @ 7.0% cap · market cap 9,138.53%
Second Best
Retail
$3.72M
$3.26M – $4.34M
NOI $260,580 @ 7.0% cap · market cap 6,514.50%
Theoretical Best
Office A
$7.53M
$6.59M – $8.79M
NOI $527,306 @ 7.0% cap · market cap 13,182.65%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
4
Office units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
2,387
Businesses Nearby
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Business Placement
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
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Market
Vacancy Rate% for Office in Northeast region
Frequently Asked Questions
What type of property is this?
Office unit - Flexible commercial suites feature abundant natural light, spacious layouts, and access to shared outdoor-use possibilities.
Where is this office unit located?
The property is located at 536-540 Central Ave Newark, NJ.
What are key features of this property?
This property features: Four commercial units arranged across two levels; Each unit is approximately 1250 square feet; Upper units feature large windows and 12 ft ceilings
