Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    27 Frelinghuysen Ave Newark, NJ 07114-1804

    • Industrial properties
    • 0.06 lot acres
    OFF-MARKET
    Last Sale
    May 08, 2025
    $450,000
    Value Estimations
    $590,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US59-1244082
    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

    • Clover Provision Co Inc / Butcher / Big Box & Wholesale Store

    Property Details for 27 Frelinghuysen Ave

    Construction
    BRICK
    Lot size
    0.06 lot acres
    Property type
    Industrial properties
    APN
    14 02809-0000-00026
    APU
    1402809000000026

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $745,000
      ML approach
      $720,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Newark
    County
    Essex
    State
    New Jersey
    Longitude
    -74.1842
    Latitude
    40.7218
    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
    $5,496
    $45,900
    $101,200
    $147,100
    -
    $45,900
    $101,200
    $147,100

    Comparable in this City

    • Value Estimation
      $990,000
      50.44 Acres

      174-312 Rt 1st 9th 9

      INDUSTRIAL (GENERAL) • 50.44 Acres
      174-312 Rt 1st 9th 9, Newark, NJ 07114
      View Details
    • Value Estimation
      $590,000
      0.97 Acres

      372 Adams St, Unit 376

      INDUSTRIAL (GENERAL) • 0.97 Acres
      372 Adams St, Newark, NJ 07114-2902
      View Details
    • Value Estimation by Request
      0.06 Acres

      162 Astor St

      INDUSTRIAL (GENERAL) • 0.06 Acres
      162 Astor St, Newark, NJ 07114-2712
      View Details
    • Value Estimation
      $510,000
      0.75 Acres

      956 Frelinghuysen Ave

      INDUSTRIAL (GENERAL) • 0.75 Acres
      956 Frelinghuysen Ave, Newark, NJ 07114
      View Details
    • Value Estimation
      $640,000
      1.52 Acres

      798 Frelinghuysen Ave, Unit 808

      INDUSTRIAL (GENERAL) • 1.52 Acres
      798 Frelinghuysen Ave, Newark, NJ 07114-2212
      View Details
    • Value Estimation
      $620,000
      3.90 Acres

      810 Frelinghuysen Ave, Unit 820

      INDUSTRIAL (GENERAL) • 3.90 Acres
      810 Frelinghuysen Ave, Newark, NJ 07114-2236
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      4,500 SF

      Newark Warehouse Portfolio: Prime Industrial Space

      Multiple Warehouses, Flexible Sizes, Excellent Location
      212 Miller St, Newark, NJ 07114
      View Details
    • Contact for pricing

      Newark Industrial Land Opportunity

      14,500 SF Vacant Land, Mx-1 Zoning
      49-55 Evergreen Ave, Newark, NJ 07114
      View Details
    • Contact for pricing
      145,000 SF

      Newark Industrial Property - 145,000 SF

      Prime Newark industrial space; high cap rate, excellent location.
      310 Sherman Ave, Newark, NJ 07114
      View Details
    • $899,000
      5,000 SF

      Newark Industrial Warehouse - $899K

      ±5,000 SF Warehouse/Manufacturing Space
      228 Miller St, Newark, NJ 07114
      View Details
    • $599,000
      1,800 SF

      Mixed-Use Building Near EWR

      Mixed-use property with light industrial zoning and solar power.
      116 Wright St, Newark, NJ 07114
      View Details
    • $1,850,000
      3,500 SF

      3,500 SF Warehouse For Sale

      3,500 SF warehouse with fenced-in lot in Newark, NJ.
      208 Miller St, Newark, NJ 07114
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      20,000 SF

      Industrial Warehouse Space in Newark

      20,000 SF industrial warehouse space available for rent.
      489 Frelinghuysen Ave, Newark, NJ 07114
      View Details
    • Contact for pricing
      2,094 SF

      Industrial Space Available For Lease

      Industrial space available for lease featuring gas heat and power.
      202 Vanderpool St, Newark, NJ 07114
      View Details
    • Contact for pricing
      56,000 SF

      Newark Industrial Sublease Spaces Available

      Industrial sublease spaces available in Newark, ranging from 5,000-56,000 SF.
      634 Frelinghuysen Ave, Newark, NJ 07114
      View Details
    • Contact for pricing
      27,000 SF

      Miller Street Warehouse Space Available

      Essex County Industrial Warehouse - Multiple Units
      212 Miller St, Newark, NJ 07114
      View Details
    • $7,500 /Mo
      1,600 SF

      Industrial Warehouse with Fenced Parking

      1,600 SF industrial space for lease with fenced parking.
      203 Vanderpool St, Newark, NJ 07114
      View Details
    • Contact for pricing
      413,820 SF

      Newark Industrial Space For Lease

      413,820 SF industrial space available for lease in Newark.
      646 Frelinghuysen Ave, Newark, NJ 07114
      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.
    27 Frelinghuysen Ave
    Newark, NJ 07114-1804
    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.