Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    111 Mulberry St, Unit 1102 Newark, NJ 07102-4008
    Back to Search
    Property profile & analytics

    111 Mulberry St, Unit 1102, Newark, NJ 07102-4008

    View on Map
    • Office Spaces
    • 1.86 lot acres
    Off-Market
    Last Sale Jul 15, 2021
    Property ID
    US59-1640386
    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.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Renaissance Towers Association Inc / Condominium Complex
    • CASHLAKE BUY HOUSES 🏘 / Real Estate Agency
    • B2B Transportation Services / Trucking Company
    • Waldo Lofts Condo Association / Condominium Complex
    • Icon Parking / Parking Lot & Garage

    Property Details for 111 Mulberry St

    Year built
    1900
    Lot size
    1.86 lot acres
    Property type
    Office Spaces
    APN
    14 00147-0000-00046-0000-C1102
    APU
    14001470000000460000C1102

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Jul 15, 2021 — 1 B Mullberry LLC Jackline Mingo Bargain And Sale Deed —
    Mar 8, 2021 — Jackline Mingo 1b Mulberry LLC Quit Claim Deed · related $203k · Cardinal Financial Company LP
    Aug 6, 2019 $107,625 1b Mulberry LLC Us Bk Natl Assn Series 2007-ar Grant Deed $133k · Recovco Mtg Mgmt LLC
    Jan 24, 2007 $254,000 Mason,sean Yohannes Al-amin Grant Deed $228k · Greenpoint Mtg
    — — 1b Mulberry LLC — Deed Of Trust · related $192k · Sprout Mtg

    Description

    This exceptional 1,000 square foot ground floor commercial space is situated within a well-maintained 70-unit apartment complex at 111 Mulberry Street, Newark, NJ 07102. Located in Essex County, this Class B property offers a prime opportunity for medical office or storefront retail use. Built in 1988, the entire building encompasses 83,740 square feet, with this suite representing a single, readily available unit. The space is ideal for a variety of medical practices or retail businesses seeking high visibility and convenient access. The property's location within a residential complex provides a built-in customer base and ensures consistent foot traffic. This presents a unique chance to establish a thriving business in a densely populated area of Newark. The address is easily accessible, offering excellent visibility and convenient parking options for both patients and customers. The space is currently vacant and ready for immediate occupancy, allowing for quick setup and commencement of operations. This is a rare opportunity to secure a well-located, versatile commercial space in a thriving Newark neighborhood. The property's existing infrastructure and convenient location make it an attractive investment for businesses seeking a strong foothold in the Newark market. Serious inquiries are encouraged to explore this promising commercial real estate opportunity.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Newark
    County
    Essex
    State
    New Jersey
    Longitude
    -74.1698
    Latitude
    40.7354
    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
    2022
    $6,441
    $43,100
    $129,300
    $172,400
    -
    $43,100
    $129,300
    $172,400

    Comparable in this City

    • Value Estimation by Request

      707 Broad St

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

      366 Mulberry St

      CONDOMINIUM OFFICES
      366 Mulberry St, Newark, NJ 07102
      View Details
    • Value Estimation by Request
      1.86 Acres

      111 Mulberry St, Unit 1104

      CONDOMINIUM OFFICES
      111 Mulberry St, Newark, NJ 07102-4008
      View Details
    • Value Estimation by Request
      125,000 SF

      540 Broad St

      Individual retail properties
      540 Broad St, Newark, NJ 07102
      View Details
    • Value Estimation by Request
      1.86 Acres

      111 Mulberry St, Unit 1106

      CONDOMINIUM OFFICES
      111 Mulberry St, Newark, NJ 07102-4008
      View Details
    • Value Estimation by Request
      1,713 SF

      111 Mulberry St, Unit 1225

      CONDOMINIUM OFFICES
      111 Mulberry St, Newark, NJ 07102-4008
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      875-877 Broad St, Newark, NJ 07102

      Office Spaces
      875-877 Broad 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
    • 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
      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
    • $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

      Office Space for Rent

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

      Downtown Newark Retail/Office Space

      Retail or office space in a dynamic, walkable downtown location.
      15 Warren St, Newark, NJ 07102
      View Details
    • Contact for pricing

      Downtown Newark Affordable Office Space

      Affordable office units in Downtown Newark, steps from City Hall.
      875 Broad St, 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

      NJ, Newark - 625 Broad St

      Workspaces, services and support to help you grow your business in DC, Washington - 609 H Street
      625 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.
    111 Mulberry St, Unit 1102
    Newark, NJ 07102-4008
    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
    111 Mulberry St, 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!