Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    118-134 Adams St Newark, NJ 07105

    Property Lookup

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

    118-134 Adams St Newark, NJ 07105

    View on Map
    • Retail properties & Spaces
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Retail properties & Spaces

    Property Details for 118-134 Adams St

    Property type
    Retail properties & Spaces

    Description

    This exceptional retail opportunity encompasses 8,260 square feet of newly renovated space, ideally situated on the ground floor of a luxury apartment building on Adams Street. The property offers excellent street visibility and benefits from ample on-site parking, a significant advantage in this densely populated area with high pedestrian traffic and a strong daytime population. Two units are currently available for lease, providing flexibility for various business needs. Unit 1 boasts 4,407 square feet of space, while Unit 3 offers 2,738 square feet. A smaller, third unit (Unit 4) of 1,115 square feet is also available, potentially suitable for a smaller tenant or as supplementary space. The building features a total of two suites, and the minimum divisible space is 2,738 square feet. This location provides exceptional access to a high concentration of potential customers, making it an ideal choice for businesses seeking high visibility and strong foot traffic. The property's modern updates and prime location combine to create a compelling opportunity for retail success. Lease pricing is available upon request. Contact the number provided for further details and to schedule a viewing.

    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
    -74.1587
    Latitude
    40.7283

    Comparable in this City

    • Value Estimation by Request
      130,000 SF

      59-65 Mcwhorter St

      Restaurants • 130,000 SF
      59-65 Mcwhorter St, Newark, NJ 07105
      View Details
    • Value Estimation by Request
      0.06 Acres

      130 Van Buren St

      PARKING LOT • 0.06 Acres
      130 Van Buren St, Newark, NJ 07105
      View Details
    • Value Estimation by Request
      0.34 Acres

      281 Raymond Blvd, Unit 289

      PARKING LOT • 0.34 Acres
      281 Raymond Blvd, Newark, NJ 07105-4733
      View Details
    • Value Estimation by Request
      25,806 SF

      13-31 New York Ave

      Individual retail properties • 25,806 SF
      13-31 New York Ave, Newark, NJ 07105
      View Details
    • Value Estimation
      $660,000
      320 SF

      28-50 Mcwhorter St

      PARKING LOT • 320 SF
      28-50 Mcwhorter St, Newark, NJ 07105-1476
      View Details
    • Value Estimation by Request
      0.38 Acres

      680-692 Raymond Blvd

      PARKING LOT • 0.38 Acres
      680-692 Raymond Blvd, Newark, NJ 07105
      View Details

    Similar Nearby for Sale

    • 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
    • $1,400,000
      7,200 SF

      Newark Ironbound Commercial Property For Sale

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

      McWhorter Street Investment Opportunity

      Commercial building in Newark's Ironbound, ideal for investment or redevelopment.
      168 Mcwhorter St, Newark, NJ 07105
      View Details
    • Contact for pricing

      Mixed-Use Property in Newark, NJ

      Mixed-use property for sale in Newark, Essex County, New Jersey.
      179 Ferry St, Newark, NJ 07105
      View Details
    • Contact for pricing

      Operating Bar/Lounge in Ironbound Section

      Fully operational bar/lounge with liquor license in Newark's Ironbound.
      157-161 Wilson Ave, Newark, NJ 07105
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Retail or Office Space Available

      2,800 sq ft retail or office space for rent.
      128 Wilson Ave, Newark, NJ 07105
      View Details
    • Contact for pricing
      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
    • $2,100 /Mo

      Ironbound Commercial Property For Rent

      Commercial property in Newark's Ironbound, suitable for various businesses.
      43 Merchant St, Newark, NJ 07105
      View Details
    • $4,750 /Mo

      Retail/Office Space Near Penn Station

      Retail or office space with high foot traffic near Penn Station.
      198 Ferry St, Newark, NJ 07105
      View Details
    • $1,900 /Mo

      Ironbound Commercial Property for Lease

      Commercial property in Newark's Ironbound section, suitable for various businesses.
      43 Merchant 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.
    118-134 Adams 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.
    Sign Up Successful!
    You now have access to more from Realmo!