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

    69 Jackson St Newark, NJ 07105-2810

    • Commercial real estate
    • 0.04 lot acres
    OFF-MARKET
    Last Sale
    Mar 02, 2022
    $680,000
    Value Estimations
    $770,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US59-2832053
    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

    • Quality Car Sales / Car Dealership
    • Tri-State Safety Depot / Building Supply / General Contractor

    Property Details for 69 Jackson St

    Lot size
    0.04 lot acres
    Property type
    Commercial real estate
    APN
    14 02000-0000-00030
    APU
    1402000000000030

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $835,000
      ML approach
      $880,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Newark
    County
    Essex
    State
    New Jersey
    Longitude
    -74.1568
    Latitude
    40.7304
    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
    $12,923
    $115,000
    $230,900
    $345,900
    -
    $115,000
    $230,900
    $345,900

    Comparable in this City

    • Value Estimation by Request
      0.06 Acres

      46 Jabez St

      COMMERCIAL (GENERAL) • 0.06 Acres
      46 Jabez St, Newark, NJ 07105
      View Details
    • Value Estimation
      $760,000
      1.54 Acres

      252 Lafayette St, Unit 272

      COMMERCIAL (GENERAL) • 1.54 Acres
      252 Lafayette St, Newark, NJ 07105-2124
      View Details
    • Value Estimation by Request
      0.06 Acres

      36 Esther St

      COMMERCIAL (GENERAL) • 0.06 Acres
      36 Esther St, Newark, NJ 07105
      View Details
    • Value Estimation by Request
      0.05 Acres

      29 Ferdon St

      COMMERCIAL (GENERAL) • 0.05 Acres
      29 Ferdon St, Newark, NJ 07105-3010
      View Details
    • Value Estimation
      $635,000
      0.25 Acres

      157 Fry St, Unit 163

      COMMERCIAL (GENERAL) • 0.25 Acres
      157 Fry St, Newark, NJ 07105-2112
      View Details
    • Value Estimation
      $655,000
      0.13 Acres

      56 Fry St, Unit 58

      COMMERCIAL (GENERAL) • 0.13 Acres
      56 Fry St, Newark, NJ 07105-1833
      View Details

    Similar Nearby for Sale

    • $160,000
      1,700 SF

      Newark Italian Restaurant - $160K

      Established Italian eatery, high ROI, seller financing.
      310-312 Adams St, Newark, NJ 07105
      View Details
    • $4,100,000
      999 SF

      Triple Play Newark Investment

      Three prime Newark properties, Opportunity Zone.
      251 Walnut St, Newark, NJ 07105
      View Details
    • $2,100,000

      Prime Newark Commercial Property

      Exceptional Investment Opportunity in Newark, NJ
      374-376 Chestnut St, Newark, NJ 07105
      View Details
    • $1,100,000
      4,500 SF

      Newark Industrial Gem

      Versatile 4,500 SF Warehouse/Office
      124 Johnson St, 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
    • $399,900

      Operating Bar/Lounge in Ironbound

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

    Similar Nearby for Lease

    • Contact for pricing
      211,388 SF

      Industrial Warehouse Space in Newark

      Large industrial warehouse space available for lease in Newark.
      54 Lockwood St, Newark, NJ 07105
      View Details
    • $7,000 /Mo
      2,614 SF

      Ironbound Warehouse/Office Combo with Parking

      Flexible warehouse/office space in Newark's vibrant Ironbound district.
      98 Delancy St, Newark, NJ 07105
      View Details
    • $2,250 /Mo

      Newark House For Rent

      House for rent featuring two bedrooms, living room, kitchen.
      49 Barbara St, Newark, NJ 07105
      View Details
    • Contact for pricing

      Market Street Multifamily Residence

      Multifamily property for rent at 502 Market St, Newark.
      502 Market St, Newark, NJ 07105
      View Details
    • Contact for pricing
      10,000 SF

      Industrial Warehouse with Parking

      10,000 SF warehouse with ample parking and drive-in doors.
      655 Ferry St, Newark, NJ 07105
      View Details
    • Contact for pricing

      Renovated Apartment in Ironbound Newark

      Renovated 2-bedroom apartment with extra room in Ironbound neighborhood.
      221 Ferry 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.
    69 Jackson St
    Newark, NJ 07105-2810
    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.