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    Allamuchy Twp. Commercial Rental Space Title is generated by Realmo AI

    1577 Route 517, Allamuchy Twp, NJ 07840

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    Claim this Listing
    For Lease
    $4,500 /Mo

    Commercial - Allamuchy Twp., NJ

    Lot size:
    5.96 Acres
    Added:
    Mar 23, 2026
    Days on Market:
    52
    Last Refresh:
    May 13 at 1:06 am

    Property Features for 1577 Route 517

    General Information

    Property type
    Commercial Lease
    Property subtype
    Other
    Zoning
    commercial
    Rooms
    Basement
    Parking features
    Parking Lot
    Basement Y/N
    1
    Standard status
    Active
    Lot size
    5.96 Acres

    Utilities

    Heating system
    Baseboard, Electric (Heating)
    Cooling system
    Central Air

    Building Details

    Year built
    1968
    Flooring type
    Carpet
    Architectural style
    Other

    We can help!

    Listing Contact
    JOAN OBRIEN

    Listing agent JOAN OBRIEN

    Listing office RE/MAX TOWN & VALLEY 1585 ROUTE 517, Hackettstown, NJ

    Listing date Mar 23, 2026

    MLS# 4016073 Listing URL

    Copyright © 2026 Garden State MLS, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Prime commercial space in a high‑traffic location with excellent visibility.
    • Conveniently located near Rts 80, 46 & 206 and 2 miles from Hackettstown.
    • Ample parking available for tenants and customers.
    • Flexible units suitable for retail, professional services, or food service.
    • Responsive on‑site management team.
    • Central air conditioning and electric baseboard heating.

    Overview

    This commercial rental space is located in a well-maintained strip mall in Warren County, approximately 2 miles from Hackettstown and minutes from Routes 80, 46, and 206. The property offers flexible units suitable for various businesses, including retail and professional services. Situated in a high-traffic area, it provides excellent visibility and accessibility, making it ideal for attracting customers and clients. The location benefits from synergy and foot traffic generated by neighboring tenants. Dedicated parking spaces ensure convenience for both tenants and customers. An on-site management team is committed to maintaining the property and supporting tenants. Available units are tailored to suit various business needs, with spaces ranging in size and configuration to accommodate boutique retail storefronts, office space, or food service establishments. This property is located in Allamuchy Twp., NJ.
    Location Intelligence

    Current Use by Public Records

    Strip malls

    Map

    City
    Allamuchy Twp
    County
    Warren
    State
    New Jersey
    Longitude
    -74.8286963
    Latitude
    40.8535041

    Nearby Similar for Lease

    • $2,750/Mo

      Modern Office Space Available

      Modern office space in Allamuchy Corporate Center for lease.
      1500 Route 517, Allamuchy Twp., NJ 07840-2717
      View Details
    • $2,300/Mo

      Modern Office Space Available

      Modern office space for rent in Allamuchy Corporate Center.
      1500 Route 517, Allamuchy Twp., NJ 07840-2717
      View Details

    FAQs

    What type of property is this?
    Strip mall - Prime commercial rental space in a vibrant Warren County strip mall.
    Where is this strip mall located?
    The property is located at 1577 Route 517 Allamuchy Twp, NJ.
    What is the lease rate?
    The lease rate is $4,500 /Mo.
    What are key features of this property?
    This property features: Prime commercial space in a high‑traffic location with **excellent visibility**.; Conveniently located near Rts 80, 46 & 206 and 2 miles from Hackettstown.; **Ample parking** available for tenants and customers.
    (908) 852-1333
    We can help!
    Listing Contact
    JOAN OBRIEN
    Real Estate License ID: 339976
    Learn More
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    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
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