Established Nightclub/Bar in
For Sale
$600,000
Pending
615 Orange St, Newark, NJ 07107
Fully equipped nightclub/bar with liquor license in Newark, NJ.
Property Size2,000 SF
Lot Size0.03 Acres
Days on Market254
Property Features for 615 Orange St
General Information
Standard status
Pending
Size
2,000 SF
Lot size
0.03 Acres
Property subtype
Commercial
Taxes and HOA fees
Annual Taxes
$7,278
Building Details
Building Size
2,000 SF
Year Built
1992
Stories
2
Units
3
Listing Agency:
COLDWELL BANKER, UPPER MONTCLAIR
(973) 226-2577
Listed By:
AJA ANN MAUCERI
Source:
Elliman
Added: Nov 28, 2025
Changed: Aug 8
Last Checked: Aug 9 at 8:58AM
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 COLDWELL BANKER, UPPER MONTCLAIR
Investment Insights
Based on property information with market context.
This is an opportunity to own and operate a well-established nightclub and bar located in the Lower Roseville section of Newark, New Jersey. The sale includes a liquor license. The establishment is fully equipped and will be sold with restaurant equipment, refrigerators, a sprinkler system, an ATM, bar furniture, fixtures, and a touch screen jukebox. The first floor includes two public lavatories. The basement level houses the kitchen, an employee restroom, dedicated office space, and an alternate staircase for a second entry and exit. The building features updated electric, a newer water heater, and central heating and air conditioning. The building is being sold as-is. This property is suitable for bars, restaurants, retail, nightclubs, and sports and entertainment purposes.
Key Highlights
- Well‑established nightclub/bar in the Lower Roseville section of Newark, NJ.
- Liquor license included in sale.
- Fully equipped with restaurant equipment, refrigerators, bar furniture, fixtures, and a Touch Screen Jukebox.
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
$31,293
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
5.22%
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%
$625,860
$625.9K
Cap Rate 7%
$447,043
$447.0K
Cap Rate 9%
$347,700
$347.7K
Market Conditions
NOI Build-Up for 2,000 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
$45.6K $22.80/SF
− Vacancy
−$3.9K −$1.94/SF
EGI
$41.7K $20.86/SF
− OpEx
−$10.4K −$5.22/SF
NOI
$31.3K $15.65/SF
Area
ZIP 07107
Vacancy
8.50%
Lease Rate
$22.80 /SF/Yr
Expense Ratio
25.00%
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%
$625,860
Cap Rate 7%
$447,043
Cap Rate 9%
$347,700
Alternative Uses
Best Use
Specialty Retail
$447.0K
$391.2K – $521.6K
NOI $31,293 @ 7.0% cap · market cap 5.22%
Second Best
Retail
$386.6K
$338.3K – $451.1K
NOI $27,065 @ 7.0% cap · market cap 4.51%
Theoretical Best
Office A
$782.4K
$684.6K – $912.8K
NOI $54,768 @ 7.0% cap · market cap 9.13%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,292
Businesses Nearby
39k
Monthly Visits Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 100%
Exxon
Shops & Services
16,858 visits/mo
0.3 miles
PNC Bank
Shops & Services
6,129 visits/mo
0.4 miles
Extra Space Storage
Shops & Services
4,875 visits/mo
0.5 miles
Sunoco
Shops & Services
4,196 visits/mo
0.3 miles
Extra Space Storage
Shops & Services
3,717 visits/mo
0.2 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
Market
Vacancy Rate% for Retail in Northeast region
Questions? Ask Rey
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Similar Off Market Nearby
- El Bi Social Club — Newark, NJ 07107
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- People's Choice Bar — 105 Hartford St, Newark, NJ 07103
- Little Joe's Lounge — 201 S 11th St, Newark, NJ 07107
Frequently Asked Questions
What type of property is this?
Bar & Pub - Fully equipped nightclub/bar with liquor license in Newark, NJ.
Where is this bar & pub located?
The property is located at 615 Orange St Newark, NJ.
What is the asking price?
The asking price for this property is $600,000.
What are key features of this property?
This property features: Well‑established nightclub/bar in the Lower Roseville section of Newark, NJ.; Liquor license included in sale.; Fully equipped with restaurant equipment, refrigerators, bar furniture, fixtures, and a Touch Screen Jukebox.
