Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    17-21-21 Madison St Newark, NJ 07105

    • Office Properties & Spaces
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Office Properties & Spaces

    Property Details for 17-21-21 Madison St

    Property type
    Office Properties & Spaces

    Description

    This exceptional office property, located at 17-21-21 Madison Street in Newark, New Jersey, presents a compelling investment opportunity. Priced at $5,000, this property offers significant potential for a variety of business uses. While the exact square footage is not currently specified, the property's address indicates a multi-unit building, suggesting ample space for a single tenant or the possibility of subdividing for multiple occupants. The property sits on a lot with no acreage listed, indicating a likely urban setting with convenient access to city amenities. Its location in Newark provides easy access to major transportation routes, enhancing its appeal for businesses needing convenient commutes for employees and clients. The asking price represents a highly competitive entry point into the Newark commercial real estate market, making this an attractive option for businesses seeking a cost-effective and strategically located office space. Further details regarding the interior layout, specific square footage, and building amenities can be provided upon request. This property is ready for immediate occupancy and presents a unique chance to establish a strong business presence in a vibrant and growing city. Serious inquiries are encouraged to explore this promising opportunity.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Newark
    County
    Essex
    State
    New Jersey
    Longitude
    -74.1448
    Latitude
    40.7263

    Comparable in this City

    • Value Estimation by Request
      0.38 Acres

      41-51 Wilson Ave, Unit 1203

      CONDOMINIUM OFFICES • 0.38 Acres
      41-51 Wilson Ave, Newark, NJ 07105-3297
      View Details
    • Value Estimation by Request
      0.38 Acres

      41-51 Wilson Ave, Unit 1103

      CONDOMINIUM OFFICES • 0.38 Acres
      41-51 Wilson Ave, Newark, NJ 07105-3297
      View Details
    • Value Estimation by Request
      0.38 Acres

      41-51 Wilson Ave, Unit 1204

      CONDOMINIUM OFFICES • 0.38 Acres
      41-51 Wilson Ave, Newark, NJ 07105-3297
      View Details
    • Value Estimation by Request
      0.38 Acres

      41-51 Wilson Ave, Unit 1201

      CONDOMINIUM OFFICES • 0.38 Acres
      41-51 Wilson Ave, Newark, NJ 07105-3297
      View Details
    • Value Estimation by Request
      0.38 Acres

      41-51 Wilson Ave, Unit 1207

      CONDOMINIUM OFFICES • 0.38 Acres
      41-51 Wilson Ave, Newark, NJ 07105-3297
      View Details
    • Value Estimation
      $590,000
      0.38 Acres

      41-51 Wilson Ave, Unit 1102

      CONDOMINIUM OFFICES • 0.38 Acres
      41-51 Wilson Ave, Newark, NJ 07105-3297
      View Details

    Similar Nearby for Sale

    • $1,100,000
      4,500 SF

      Newark Industrial Gem

      Versatile 4,500 SF Warehouse/Office
      124 Johnson St, Newark, NJ 07105
      View Details
    • $859,000

      Mixed-Use Property in Ironbound Newark

      Mixed-use property with retail/office space and apartments for sale.
      198 Jefferson St, Newark, NJ 07105
      View Details
    • $2,999,999
      4,930 SF

      109-111 Fleming Ave

      Two Lots in Newark-North Ironbound! A 6 family home on one side and five garages with a driveway in the other! L@@K!!
      109-111 Fleming Ave, Newark, NJ 07105
      View Details
    • $435,000
      2,900 SF

      Redevelopment Opportunity in Newark City

      Two lots for sale, redevelopment potential for apartments.
      760 S 16Th St, Newark, NJ 07105
      View Details
    • $569,900

      Corner Property Ideal for Business

      Corner property in high-traffic area, perfect for starting a business.
      241 Adams St, Newark, NJ 07105
      View Details
    • $385,000

      Renovated Condo in Newark's Ironbound

      Renovated 2-bedroom condo with parking and storage in Newark.
      88 Saint Francis St, Newark, NJ 07105
      View Details

    Similar Nearby for Lease

    • $7,000 /Mo
      2,614 SF

      Ironbound Warehouse/Office Combo with Parking

      Flexible warehouse/office space in Newark's vibrant Ironbound district.
      98 Delancy St, Newark, NJ 07105
      View Details
    • $2,100 /Mo
      14,810 SF

      Newark City Commercial Property For Rent

      Commercial property in Newark's Ironbound, suitable for various business uses.
      43 Merchant St, Newark, NJ 07105
      View Details
    • $1,500 /Mo
      42,000 SF

      Versatile Commercial Spaces Near Ferry

      Flexible commercial spaces available in Newark's Ironbound district.
      43 Merchant St, Newark, NJ 07105
      View Details
    • $2,800 /Mo
      3,485 SF

      Newark City Commercial Space For Lease

      1,800 SF commercial space suitable for office, training, or education.
      91 Pacific St, Newark, NJ 07105
      View Details
    • $1,900 /Mo
      14,810 SF

      Newark City Commercial Space Available

      Commercial property in Newark's Ironbound, suitable for various business uses.
      43 Merchant St, Newark, NJ 07105
      View Details
    • $5,000 /Mo
      3,300 SF

      Newark Warehouse and Office Space

      3300 sq ft warehouse and office space for lease.
      45 Malvern St, Newark, NJ 07105
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    17-21-21 Madison St
    Newark, NJ 07105
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.