Special Purpose Properties in Newark | Reonomy

Special Purpose Properties in Newark

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Reonomy attracts a large community of Newark commercial real estate professionals, including brokers, investors, roofers, contractors, appraisers, insurance providers, and more—many of which specialize in special purpose properties.

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Newark special purpose property sold prices and values

Values and sold prices (last 24 months) United States Delaware Newark
Average price/sqft $1,117 $1,584 --
Average sold price $2,710,868 $537,081 --
Median sold price $312,575 $252,000 --
Number of sales 57,831 60 --
Number of sales over $250k 34,594 31 --
Number of sales over $1m 9,630 21 --
Number of sales over $10m 1,842 -- --
Average total tax amount $11,852 $3,218 --
Average assessed value $636,757 $63,578 --
Average market value $810,036 $121,675 --

Newark special purpose property property averages

Property averages United States Delaware Newark
Average lot size 248,896 sf 225,740 sf --
Median lot size 10,175 sf 35,760 sf --
Average building area 4,075 sf 118 sf --
Median building area 93 sf 55 sf --
Median year built 1983 1994 --
Average number of units 22 13 --
Median number of units -- 7 --

Newark special purpose property total supply

Supply United States Delaware Newark
Number of parcels 1,339,942 1,404 --
Aggregate lot acerage 5,148,018 3,985 --
Aggregate building area 1,098,664,038 sf 12,604 sf --
Aggregate units 3,311,453 79 --

Newark special purpose property industrial mortgages

Debt United States Delaware Newark
Number of mortgages 1,595,491 554 --
Average value of mortgages $6,972,083 $746,658 --

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