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    Property profile & analytics

    188 Clinton Ave Newark, NJ 07108

    • Commercial real estate
    • 0.38 lot acres
    For Sale
    View listing
    $2,900,000
    Value Estimation
    Location Intelligence
    Property ID
    US59-0776105
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Commercial real estate

    Property Details for 188 Clinton Ave

    Lot size
    0.38 lot acres
    Property type
    Commercial real estate
    APN
    14 02802-0000-00039
    APU
    1402802000000039

    Description

    This 14,540 square foot, single-tenant Class C office building at 188-194 Clinton Avenue in Newark, NJ, offers 13,000 square feet of immediately available medical office space. Built in 1965, the one-story building features recently updated mechanical systems, roof, and elevator. The property includes a 20,575 square foot lot with 25 parking spaces. Conveniently located minutes from downtown Newark and major highways I-78 and I-95, as well as Newark Airport and Seaport. The building is zoned C2 and has one passenger elevator. This versatile space is ideal for a variety of medical uses, including urgent care, rehabilitation, dental, and surgical practices. The property's location provides excellent accessibility for patients and staff. The building's recent upgrades ensure a modern and efficient workspace. This is a unique opportunity to secure a substantial medical office space in a prime Newark location. The property is situated in Essex County and has a convenient cross-street access via Wright Street, Avon Avenue, and Elizabeth Avenue.

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $475,000

    • CAP approach

      CAP return
      Estimation
      6%
      $375,000
      6.5%
      $335,000
      7%
      $360,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $360,000
      Geo Method
      $305,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $345,000
      Retail
      $360,000
      Mixed-Use
      $290,000
      Hospitality
      $355,000
      Educational
      $305,000
      Residential Income
      $285,000
      Energy
      $345,000
      Income-Based Land
      $350,000
      Food Service
      $310,000

    Location Insight

    • Map
    • Local Demand
    City
    Newark
    County
    Essex
    State
    New Jersey
    Longitude
    -74.1858
    Latitude
    40.7233
    CBSA code
    35620
    CBSA name
    NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $27,401
    $359,100
    $375,900
    $735,000
    -
    $359,100
    $375,900
    $735,000

    Comparable in this City

    • Value Estimation by Request
      0.07 Acres

      39 Elizabeth Ave

      COMMERCIAL (GENERAL) • 0.07 Acres
      39 Elizabeth Ave, Newark, NJ 07108
      View Details
    • Value Estimation by Request

      747 Bergen St, Unit 773

      COMMERCIAL (GENERAL)
      747 Bergen St, Newark, NJ 07108-1801
      View Details
    • Value Estimation
      $510,000
      0.06 Acres

      489 Avon Ave

      COMMERCIAL (GENERAL) • 0.06 Acres
      489 Avon Ave, Newark, NJ 07108-1104
      View Details
    • Value Estimation
      $290,000
      0.08 Acres

      669-671 Bergen St, Unit 671

      COMMERCIAL (GENERAL) • 0.08 Acres
      669-671 Bergen St, Newark, NJ 07108-1821
      View Details
    • Value Estimation
      $380,000
      0.13 Acres

      146-148 Hedden Ter, Unit 148

      COMMERCIAL (GENERAL) • 0.13 Acres
      146-148 Hedden Ter, Newark, NJ 07108-1763
      View Details
    • Value Estimation by Request
      0.12 Acres

      51 Homestead Park

      COMMERCIAL (GENERAL) • 0.12 Acres
      51 Homestead Park, Newark, NJ 07108
      View Details

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      Prime Newark Medical Office Space

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    188 Clinton Ave
    Newark, NJ 07108
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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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