Two-Space Warehouse with Overhead
For Sale
$1,000,000
91-95 Rome St, Newark, NJ 07105
Commercial zoning and separate gas and electric meters serve the building’s divided interior.
Property Size5,619 SF
Price / SF$177.97
Days on Market270
Property Features for 91-95 Rome St
General Information
Standard status
Active
Size
5,619 SF
Total Parking Spaces
10
Property subtype
Commercial
Zoning
COMMERCIAL
Site & Location
Neighborhood
Ironbound
Utilities to Site
Yes
Additional Details
Warehouse Space
5,619 SF
Building Details
Building Size
5,619 SF
Buildings
1
Stories
1
Listing Agency:
Exit Realty Lucky Associates
(908) 289-7746
Listed By:
Antonio Costa · License #238477
(908) 354-6000
Source:
Cammarotarealestate
Added: Jan 27
Changed: Oct 22
Last Checked: Oct 22 at 2:14PM
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 Exit Realty Lucky Associates
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This warehouse in Newark’s Ironbound section contains 5,619 square feet, arranged as two spaces. The owner occupies approximately 2,250 square feet, while a tenant uses approximately 3,350 square feet under a lease expiring in May 2026. Two overhead doors provide access to the building, which also has high ceilings, concrete flooring, gas heat, one gas meter and one electric meter.
The property is zoned commercial. Its current division, separate utility meters and overhead-door access define the building’s physical and occupancy configuration.
The property is zoned commercial. Its current division, separate utility meters and overhead-door access define the building’s physical and occupancy configuration.
Key Highlights
- 5,619‑square‑foot warehouse in Newark’s Ironbound section
- Two overhead doors and high ceilings
- Divided into approximately 2,250 square feet used by owner and 3,350 square feet used by tenant
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$70,186
Cap Rate
7.02%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,403,720
$1.4M
Cap Rate 7%
$1,002,657
$1.0M
Cap Rate 9%
$779,844
$779.8K
Market Conditions
NOI Build-Up for 5,619 SF
Gross rent
$87.7K $15.60/SF
− Vacancy
−$5.1K −$0.90/SF
EGI
$82.6K $14.70/SF
− OpEx
−$12.4K −$2.20/SF
NOI
$70.2K $12.49/SF
Area
ZIP 07105
Vacancy
5.80%
Lease Rate
$15.60 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,403,720
Cap Rate 7%
$1,002,657
Cap Rate 9%
$779,844
Alternative Uses
Best Use
Warehouse
$1.00M
$877.3K – $1.17M
NOI $70,186 @ 7.0% cap · market cap 7.02%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.01M
$1.76M – $2.34M
NOI $140,682 @ 7.0% cap · market cap 14.07%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
2,000
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 Industrial in Northeast region
Similar Off Market Nearby
- South Street Storage — 431 South St, Newark, NJ 07105
- Garden State Cold Storage — 474 Wilson Ave, Newark, NJ 07105
- Atinos Storage Facility — 74 Avenue L 1st floor unit 1, Newark, NJ 07105
- Nyk Logistics — 329 Wilson Ave, Newark, NJ 07105
- Avenue L, LLC — Newark, NJ 07105
Frequently Asked Questions
What type of property is this?
Warehouse - Commercial zoning and separate gas and electric meters serve the building’s divided interior.
Where is this warehouse located?
The property is located at 91-95 Rome St Newark, NJ.
What is the asking price?
The asking price for this property is $1,000,000.
What are key features of this property?
This property features: 5,619‑square‑foot warehouse in Newark’s Ironbound section; Two overhead doors and high ceilings; Divided into approximately 2,250 square feet used by owner and 3,350 square feet used by tenant
