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    The Largest CRE Database in the US with Over 1 Million Listings

    503 Route 94 Columbia, NJ 07832

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    Claim this Listing
    For Sale
    $467,000

    Commercial - Knowlton Twp., NJ

    Property size:
    99,999 SF
    Lot size:
    3.59 Acres
    Added:
    Aug 5, 2025
    Days on Market:
    248
    Last Refresh:
    Apr 9 at 6:06 pm

    Property Features for 503 Route 94

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Zoning
    C
    Rooms
    Basement
    Parking features
    Driveway, Parking Lot
    Basement Y/N
    1
    Standard status
    Active
    Size
    99,999 SF
    Lot size
    3.59 Acres

    Taxes and HOA fees

    Tax Year
    2022
    Tax Annual Amount
    11082

    Building Details

    Floors in Building
    2
    Number of units
    3
    Roof type
    Asphalt, See Remarks, Shingle
    Architectural style
    Other

    We can help!

    Listing Contact
    JEFFERY FIEDLER

    Listing agent JEFFERY FIEDLER

    Listing office FIEDLER REAL ESTATE 227 MAIN STREET, Hackettstown, NJ

    Listing date Aug 5, 2025

    MLS# 3979629 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.

    Overview

    Mixed-Use Investment Property on Highway

    This mixed-use property, situated on over 3 acres along State Highway 94, presents an investment opportunity. The property includes three buildings: a single-family home, a commercial rental space near the highway, and a building at the rear of the property. The single-family home features 3 bedrooms and 2 full baths. The commercial rental space is approximately 1,200 square feet. The rear building includes an approximately 400-square-foot room that could potentially serve as an office or be converted into a studio apartment, subject to zoning verification. The lower level of the rear building, spanning approximately 2,000 square feet with a concrete floor, was previously used as a kennel. The front yard is fenced and secluded by tall bushes. The property is located in Knowlton Twp., Warren County, New Jersey.
    Location Intelligence

    Current Use by Public Records

    Single family properties

    Map

    City
    Columbia
    County
    Warren
    State
    New Jersey
    Longitude
    -75.06387
    Latitude
    40.95109

    Nearby Similar for Sale

    • $399,000
      3,668 SF

      Commercial

      31 Decatur St, Knowlton Twp., NJ 07832
      View Details
    • $299,900
      9,999 SF

      Commercial Property with Highway Visibility

      Commercial property with detached garage, kitchen, and bath.
      196 State Route 94, Blairstown Twp., NJ 07832
      View Details
    • $495,000
      4,068 SF

      Highway-Front Restaurant Opportunity

      Former German restaurant with equipped kitchen and mixed-use zoning.
      84 Us Highway 46, Knowlton Twp., NJ 07832
      View Details

    FAQs

    What type of property is this?
    Mixed-use property - Fully leased mixed-use property with multiple buildings on 3+ acres.
    Where is this mixed-use property located?
    The property is located at 503 Route 94 Columbia, NJ.
    What is the asking price?
    The asking price for this property is $467,000.
    What are key features of this property?
    This property features: Fully Leased Investment Property; Multi‑Building Mixed‑Use Property on Over 3 Acres; Located on State Highway 94
    (908) 852-2586
    We can help!
    Listing Contact
    JEFFERY FIEDLER
    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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