Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Branford Pl Newark, NJ 07102
    Back to Search
    Property profile & analytics

    Branford Pl, Newark, NJ 07102

    View on Map
    • Office Spaces
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Office Spaces

    Property Details for 0 Branford Pl

    Property type
    Office Spaces
    Property subtype
    Office Units

    Description

    This exceptional creative office building, located at 48 Branford Pl in Newark, NJ 07102, offers a unique opportunity for businesses seeking versatile and well-equipped spaces. The building features multiple tenancies, ideal for a variety of uses including music production studios, rehearsal spaces, podcast recording, and content creation. Each soundproof unit is equipped with personal A/C and heat, ensuring optimal comfort and control. Building amenities are extensive and include high-speed Wi-Fi, 24/7 access, and ample car access to all floors. Security is a top priority, with security cameras strategically placed throughout the building. Convenience is maximized with bathrooms located on every floor and a shared open patio providing a pleasant outdoor space. Maintenance and cleaning services are provided, ensuring a clean and well-maintained environment. The building's prime location offers unparalleled accessibility, situated a mere 5-minute walk from the Washington rail station. Its proximity to the Prudential Center further enhances its appeal, placing tenants within easy reach of numerous stores, businesses, restaurants, and diverse transportation options. This is a truly exceptional opportunity to secure high-quality, versatile workspace in a vibrant and convenient location.

    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
    -74.1751
    Latitude
    40.7351

    Comparable in this City

    • Value Estimation by Request

      707 Broad St

      Restaurants
      707 Broad St, Newark, NJ 07102
      View Details
    • Value Estimation by Request

      244 Mulberry St

      Office Units
      244 Mulberry St, Newark, NJ 07102
      View Details
    • Value Estimation by Request

      972 Broad St

      Office Units
      972 Broad St, Newark, NJ 07102
      View Details
    • Value Estimation by Request

      625 Broad St

      Office Units
      625 Broad St, Newark, NJ 07102
      View Details
    • Value Estimation by Request
      400,000 SF

      625 Broad St

      Office Units
      625 Broad St, Newark, NJ 07102
      View Details
    • Value Estimation by Request
      2,100,000 SF

      The Jct Gtwy Ctr

      Neighborhood centers
      0 The Jct Gtwy Ctr, Newark, NJ 07102
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Mixed-Use Building in Newark

      Mixed-use building with retail, office, and storage space.
      104 Market St, Newark, NJ 07102
      View Details
    • Contact for pricing

      875-877 Broad St, Newark, NJ 07102

      Office Spaces
      875-877 Broad St, Newark, NJ 07102
      View Details
    • Contact for pricing
      3,648 SF

      Victorian Brownstone in Washington Park

      Historic 3-story Victorian with original fireplaces and Tiffany glass.
      35 James St, Newark, NJ 07102
      View Details
    • $225,000

      Spacious Renaissance Residence in Newark

      2BR + Den residence in Newark's vibrant cultural district.
      111 Mulberry St, Newark, NJ 07102
      View Details
    • $5,900,000

      Medical Office Near Route 21

      Medical office space with surgical rooms and covered parking.
      393 Mulberry St, Newark, NJ 07102
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      7,909 SF

      Newark Office Space For Lease

      Office space available for lease in Newark, New Jersey.
      2 Gateway Ctr, Newark, NJ 07102
      View Details
    • Contact for pricing
      1,527 SF

      Mixed-Use Environment in Newark, NJ

      Mixed-use property with retail, office, residential, and educational spaces.
      50 Halsey St, Newark, NJ 07102
      View Details
    • Contact for pricing
      20,781 SF

      Newark CBD Office Space Available

      Office space for rent in the heart of Newark CBD.
      1100 Raymond Bd, Newark, NJ 07102
      View Details
    • $27 SF/Yr
      400,000 SF

      Newark Office Sublease Opportunity

      4,388 SF Class A Office Space
      625 Broad St, Newark, NJ 07102
      View Details
    • Contact for pricing

      Prime Retail/Office Space Available

      Versatile commercial space with high ceilings available for rent.
      707 Broad St, Newark, NJ 07102
      View Details
    • Contact for pricing

      Global Network Workspace Available

      Flexible office spaces with various options and locations.
      972 Broad St, Newark, NJ 07102
      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.
    Branford Pl
    Newark, NJ 07102
    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

    Thank You for Inquiry
    Branford Pl, Newark, NJ, 07102
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!