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    Property profile & analytics

    115 Clover St Newark, NJ 49423

    • Retail properties
    • 26,100 SF
    • 8.00 lot acres
    For Lease
    View listing
    $10 SF/Yr
    Value Estimation
    Location Intelligence

    Current Use by Public Records

    • Retail properties

    Property Details for 115 Clover St

    Year built
    1984
    Lot size
    8.00 lot acres
    Property size
    26,100 SF
    Property type
    Retail properties
    Property subtype
    Office Properties & Spaces

    Description

    This exceptional Class A commercial office center, totaling 26,100 square feet, offers flexible spaces ideal for a variety of businesses. Located in a desirable area with easy access via Chicago Drive, the property boasts three buildings, each three stories high, built in 1984 and extensively renovated in 2012. The center features 164 parking spaces, a single elevator, and high 10-foot ceilings throughout. Currently, 5,000 square feet of space is immediately available, with a minimum divisible space of 4,000 square feet and a maximum contiguous space of 8,700 square feet. The property sits on an expansive 8-acre lot and is zoned for commercial office use. The building's versatile design accommodates various office configurations, including executive suites, medical offices, and creative workspaces. Amenities include multiple break rooms, a large conference room capable of seating 20-25 people, and abundant natural light. The property taxes are $1.85 per square foot. This is a unique opportunity to secure high-quality office space in a well-maintained and conveniently located center. The property is suitable for multiple tenants, offering a range of sizes to accommodate diverse business needs. Contact us today to schedule a viewing and explore the possibilities.

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Newark
    County
    Essex
    State
    New Jersey
    Longitude
    -86.083
    Latitude
    42.7937

    Similar Nearby for Lease

    • $14 SF/Yr
      5,000 SF

      Clover Street Office Campus

      Holland, MI Office Space Available
      115 Clover St, Newark, NJ 49423
      View Details
    • $10 SF/Yr
      26,100 SF

      Clover Commercial Office Center

      Prime Office Space Available Now
      115 Clover St, Newark, NJ 49423
      View Details
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    115 Clover St
    Newark, NJ 49423
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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
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