Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Sold
    • Property Lookup
    • Brokers
    207 Avenue L Newark, NJ 07105

    Property Lookup

    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    207 Avenue L Newark, NJ 07105

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

    Current Use by Public Records

    • Land

    Property Details for 207 Avenue L

    Property type
    Land
    Property subtype
    Industrial properties

    Description

    This exceptional 2-acre industrial property in Newark, NJ, offers a unique leasing opportunity. The site features a level, paved yard ideal for parking loaded chassis and heavy equipment, along with 1,000 square feet of office space in a trailer, equipped with dispatch and secretary desks. Security features include LED lighting, a sliding gate, fencing, and 24-hour guard service. The property is zoned for outdoor storage of products, materials, and equipment, making it suitable for logistical operations and staging. This gross lease includes all amenities and property expenses, providing a convenient and cost-effective solution. Its prime location offers easy access to major highways, tunnels, and bridges in the area, ensuring efficient transportation and logistics. One space is currently available for lease. The property is situated in Essex County.

    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
    -74.1408
    Latitude
    40.724

    Comparable in this City

    • Value Estimation by Request

      668 Ferry St

      Distribution properties
      668 Ferry St, Newark, NJ 07105
      View Details
    • Value Estimation by Request
      635,482 SF

      447 Ferry St

      Flex space • 635,482 SF
      447 Ferry St, Newark, NJ 07105
      View Details
    • Value Estimation
      $845,000
      10.49 Acres

      16 Herbert St

      INDUSTRIAL (GENERAL) • 10.49 Acres
      16 Herbert St, Newark, NJ 07105-3843
      View Details
    • Value Estimation
      $1,015,000
      10.92 Acres

      436 Wilson Ave, Unit 478

      INDUSTRIAL (GENERAL) • 10.92 Acres
      436 Wilson Ave, Newark, NJ 07105-4203
      View Details
    • Value Estimation
      $1,285,000
      13.81 Acres

      154 Saint Charles St, Unit 164

      INDUSTRIAL (GENERAL) • 13.81 Acres
      154 Saint Charles St, Newark, NJ 07105-3902
      View Details
    • Value Estimation
      $750,000
      0.48 Acres

      136 Tichenor St, Unit 150

      INDUSTRIAL (GENERAL) • 0.48 Acres
      136 Tichenor St, Newark, NJ 07105-1018
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      86,000 SF

      Industrial Building with Vacant Space

      86,000 SF industrial building with 48,500 SF vacant.
      134 Avenue L, Newark, NJ 07105
      View Details
    • Contact for pricing

      Newark Ironbound Commercial Property For Sale

      7,200 sq ft commercial property in Newark's Ironbound section.
      170 Mcwhorter St, Newark, NJ 07105
      View Details
    • Contact for pricing

      Newark Warehouse in Ironbound Section

      4,000 sq ft warehouse in Newark's Ironbound, versatile space.
      68-70 Garden St, Newark, NJ 07105
      View Details
    • $549,900
      1,400 SF

      Ironbound Warehouse Near Airport

      1400 sqft warehouse in Ironbound, close to Newark Airport.
      91 Tichenor St, Newark, NJ 07105
      View Details
    • Contact for pricing

      Versatile Warehouse with Flexible Functionality

      Adaptable warehouse space suitable for various uses.
      92-94 Clifford St, Newark, NJ 07105
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Port Newark Land for Lease

      17 acres of land available for container/truck storage.
      921 Delancy St, Newark, NJ 07105
      View Details
    • $7,000 /Mo

      Fenced Blacktop Lot for Rent

      12,500 sq ft fenced blacktop, ideal for trucks/storage.
      55 Esther St, Newark, NJ 07105
      View Details
    • Contact for pricing

      Newark Flex/Industrial/Office Space Available

      Flex, industrial, and office spaces for rent in Newark.
      150 Avenue L, Newark, NJ 07105
      View Details
    • Contact for pricing

      Temperature Controlled Warehouse with Boxes

      Warehouse with refrigerated/cooler boxes, interior docks, and drive-in.
      400 Ferry St, Newark, NJ 07105
      View Details
    • $18 SF/Yr
      2,710 SF

      Newark Warehouse Spaces for Lease

      Versatile warehouse suites suitable for various industrial and storage purposes.
      13 New York Ave, Newark, NJ 07105
      View Details
    • $5,000 /Mo
      3,300 SF

      Warehouse and Office Space Available

      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.
    207 Avenue L
    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.
    Sign Up Successful!
    You now have access to more from Realmo!