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481 Doremus Avenue

Off-Market

481 Doremus Avenue, Newark, NJ 07105

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  • Property Type Industrial - Warehouse/Distribution
  • Property Size 260,000 SF
  • Lot Size 12.11 Acre
  • Parking Spaces Avail. 49
  • Parking Ratio 0.19/ 1,000 SF
  • Property Tenancy Single Tenant
  • Building Class B
  • Year Built 1988

Location

  • Walk Score ® Car-Dependent (9)
  • Transit Score ® Some Transit (39)
  • Bike Score ® Somewhat Bikeable (30)
Powered by Walk Score ®
  • City Newark, NJ
  • Neighborhood Industrial
  • Zip Code 07105
  • Market New Jersey

Points of Interest

Harrison

2.11 miles

West Side Avenue

2.13 miles

West Side Avenue

2.13 miles

West Side Avenue

2.16 miles

Newark Penn Station

2.23 miles

Newark Penn Station

2.23 miles

Newark Penn Station

2.24 miles

NJPAC/Center Street

2.51 miles

Military Park

2.66 miles

Martin Luther King Drive

2.68 miles

Citgo

1.19 miles

Sunoco

1.47 miles

Mobil

1.56 miles

Delta

1.60 miles

Star

1.76 miles

Speedway

1.81 miles

BP

1.84 miles

Mobil

1.87 miles

BP

2.14 miles

Tesla Supercharger

2.25 miles

Essex County Park Parking Lot

1.47 miles

P6 Economy Long Term Parking

1.86 miles

Handicapped Parking

1.91 miles

Saint James Parking Garage

1.96 miles

West Side Avenue Park and Ride

2.00 miles

Riverfront Garage

2.32 miles

Mulberry Commons Parking

2.44 miles

NJ Transit Operations Employee Parking Lot

2.46 miles

One Newark Center Garage

2.47 miles

NJPAC Lot C

2.50 miles

Wilson Ave BBQ

1.18 miles

Jade Garden

1.21 miles

Fernandes SteaK House

1.24 miles

Pizza Village Cafe

1.31 miles

Flaming Grill & Buffet

1.33 miles

Cheung Hing

1.34 miles

Banzai Sushi and Hibachi Restaurant

1.40 miles

Brazilian Pizza

1.40 miles

Huryk's Deli

1.41 miles

Primabel Bar & Restaurant

1.42 miles

Met Foodmarkets

1.21 miles

Seabra Foods

1.30 miles

SaveSmart

1.33 miles

Seabra Foods

1.43 miles

Acme

1.44 miles

Kmart

1.48 miles

National Wholesale Liquidators

1.56 miles

Asian Food

1.67 miles

Big Lots

1.68 miles

Marshalls

1.69 miles

Walgreens

2.10 miles

Bayonne Engine Company 6

2.31 miles

Bayonne Ladder Company 3

2.31 miles

JCPD South District

2.32 miles

Walgreens

2.61 miles

Rite Aid

2.61 miles

Walgreens

2.67 miles

Welcome

2.79 miles

JCPD West District

2.82 miles

Rutgers Public Safety and Security

2.91 miles

Contacts

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Owner

  • True Owner
  • Registered Owner

Tenants

Suite Name Tenant Leased
Space
Rent Price Lease
Type
Space
Type
Lease Term
370 17th Street #5500 MERRILL, (303) 446-5500 23,824 SF $23/SF/YR Modified
Gross
General
Office
11/01/2014-
N/A
370 17th Street
#6000
Morrison & Foerster,
(303) 592-1500
10,710 SF $26/SF/YR Full
Service
General
Office
08/01/2013-
07/31/2023
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Documents

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Sales

  • Purchase Date 26 Jul, 1999
  • Purchase Price
  • Arm's Length True
  • Buyer Name

Market Trends

Average Actual Rents in Newark

Average rents use actual signed leases, aggregated for your specific search area and asset type with Yardi Market Insight. Be confident your price is competitive, with CommercialEdge.

Current Average Rent
Net Rent
$44.3/SF/YR
Recoverables Show detailsHide details
$16.7/SF/YR
CAM
$3.54/SF/YR
Insurance
$0.59/SF/YR
Taxes
$9.52/SF/YR
Utilities
$1.76/SF/YR
Management Fees
$1.3/SF/YR
Total Rent
$61/SF/YR
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Occupancy & Leasing Activity
Occupancy
83.5%
Lease Spread
-20.5%
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Asking Rents in Newark Office Market

Office rental rates are based on aggregated data of asking rates.

  • 2020 Avg. Asking Rent $36.88
  • 2020 Office Vacancy Rate 14.66%
  • 2020 Office Completions (SF)
View more Newark market trends

Tax

  • Property Tax in 2022 $466,141
  • Market Value* $12,483,700
  • Assessed Value $12,483,700

Find more tax info, including assessment history and abatements, on CommercialEdge

*The displayed market value represents the assessed value determined by the appropriate local tax/financial authority. It is not the property’s latest sale price or a current market value based on recent area sales.

Frequently Asked Questions

What is the total square footage of 481 Doremus Avenue?

481 Doremus Avenue totals 260,000 square feet.

When was this property built?

481 Doremus Avenue was built in 1988.

When was 481 Doremus Avenue last sold?

481 Doremus Avenue was last sold on 26 Jul, 1999.

What is the property tax for 481 Doremus Avenue?

The property tax for 481 Doremus Avenue in 2022 was $466,141.

What is the market value for 481 Doremus Avenue?

The market value* for 481 Doremus Avenue in 2022 was $12,483,700.
*This represents the market value determined by the appropriate local tax/financial authority, and not the latest sale price or current market value based on recent sales.

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