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    310 Sherman Ave Newark, NJ 07114

    Sponsored
    For Sale
    Contact for pricing

    Prime Newark industrial space; high cap rate, excellent location.

    Property size:
    145,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 145,000-square-foot industrial property in Newark, New Jersey, presents a compelling investment opportunity. Located at 310 Sherman Avenue, 07114, in Essex County, this strategically positioned asset boasts a 7.00% capitalization rate. The property sits on approximately 2.49 acres, providing ample space for truck parking, a significant advantage for distribution and logistics operations. The building itself is fully equipped with a sprinkler system, enhancing safety and security. Furthermore, three elevators and two loading docks facilitate efficient material handling and movement. Its versatile design makes it suitable for a variety of uses, including self-storage facilities, charter schools, nursing homes, warehousing, and distribution centers. The property's proximity to the Newark Port, Newark Liberty International Airport, and major highways ensures excellent connectivity and accessibility, making it an ideal location for businesses seeking seamless transportation links. This is a rare opportunity to acquire a substantial industrial property in a high-demand area with significant potential for growth and return on investment.

    Property Features for 310 Sherman Ave

    General Information

    Property type
    Distribution properties
    Square Feet
    145,000 SF

    HighLights

    • 145,000 SF industrial building for sale in Newark, NJ.
    • Excellent location near Newark Port, Airport, and major highways.
    • Suitable for various uses including self‑storage, charter school, nursing home, warehousing, and distribution.
    • 2.49‑acre lot with ample truck parking.
    • Features a full sprinkler system, three elevators, and two loading docks.
    Property Profile Location Intelligence

    Current Use by Public Records

    ATC LLC Trucking Company Nea Trading Co Cabinet Store

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Hair Salon Auto Repair Shop Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Newark
    County
    Essex
    State
    New Jersey
    Longitude
    -74.1905087
    Latitude
    40.7132129

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    FAQs

    What type of property is this?
    Distribution property - Prime Newark industrial space; high cap rate, excellent location.
    Where is this distribution property located?
    The property is located at 310 Sherman Ave Newark, NJ.
    What are key features of this property?
    This property features: 145,000 SF industrial building for sale in Newark, NJ.; Excellent location near Newark Port, Airport, and major highways.; Suitable for various uses including self-storage, charter school, nursing home, warehousing, and distribution.
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    310 Sherman Ave Newark, NJ 07114
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