Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Watchung Professional Building Office Suites Title is generated by Realmo AI

    10 Shawnee Dr, Watchung, NJ 07069

    View on Map
    Claim this Listing
    For Lease
    Contact for pricing

    Well-maintained medical/office suites in desirable Watchung business location.

    Type:Commercial
    Property size:
    10,000 SF
    Added:
    May 20, 2026
    Days on Market:
    8
    Last Refresh:
    May 21 at 8:38 am

    Property Features for 10 Shawnee Dr

    General Information

    Standard status
    Active
    Size
    10,000 SF
    Property subtype
    Commercial

    Building Details

    Year Built
    1976

    We can help!

    Listing Contact
    TIM DELUCCIA

    Listing agent TIM DELUCCIA

    Listing office BHHS FOX & ROACH

    Listing date May 20, 2026

    Source Corcoran

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    All listing content including descriptions, pricing, images are the copyrighted material of BHHS FOX & ROACH

    HighLights

    • Desirable Watchung business location
    • High visibility
    • Well‑maintained mixed‑use medical/office suites
    • Excellent parking
    • Multiple office configurations available (815 SF, 450 SF, and 1495 SF)
    • New carpet and paint

    Overview

    The Shawnee Professional Building offers well-maintained mixed-use medical and office suites for rent. Located in a desirable Watchung business location, the property benefits from high visibility. Street-level suites are available in multiple office configurations, with sizes of 815 square feet, 450 square feet, and 1495 square feet. The suites feature new carpet and paint. Excellent parking is available. The property has a total size of 10000 square feet.
    Location Intelligence

    Current Use by Public Records

    Medical Office Space

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Hair Salon Dental Office Nail Salon Building Supply Daycare Center Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Watchung
    County
    Somerset
    State
    New Jersey
    Longitude
    -74.4782583
    Latitude
    40.6226941

    Nearby Similar for Lease

    • $500/Mo
      18,000 SF

      Turnkey Professional Suites For Rent

      Professional suites available in Warren/Watchung business district.
      776 Mountain Blvd, Warren Twp., NJ 07069
      View Details
    • $1,867/Mo
      1,123 SF

      Watchung Boro Office Space

      1123 SF office space available for rent.
      786 MOUNTAIN BLVD, Watchung Boro, NJ 07069
      View Details
    • $13 SF/Yr
      2,515 SF

      Watchung Office Space For Rent

      Office space available for lease in Watchung, New Jersey.
      688 Somerset St, Watchung, NJ
      View Details
    • $2,567/Mo
      2,200 SF

      Renovated Office Suite For Rent

      Updated office suite with private bathrooms, kitchen, and parking.
      775 Mountain Blvd, Watchung Boro, NJ 07069
      View Details
    • Contact for pricing
      1,825 SF

      Prime Retail Space on Route 22

      Redeveloped shopping center with high visibility and accessibility.
      1701 US-22, Watchung, NJ
      View Details
    • $1,400/Mo
      2,400 SF

      Professional Office Space Available

      Bright 1200 SF office suite in business district.
      445 Watchung Ave, Watchung Boro, NJ 07069
      View Details
    • $18 SF/Yr
      1,495 SF

      Watchung Medical/Office Suites Available

      Well-maintained medical/office suites in Watchung, high visibility, excellent parking.
      10 Shawnee Dr, Watchung, NJ 07069
      View Details
    • Contact for pricing
      1,080 SF

      Watchung Medical/Office Suites Available

      Well-maintained medical/office suites in Watchung business location for lease.
      10 Shawnee Dr, Watchung Boro, NJ 07069
      View Details
    • Contact for pricing
      1,066 SF

      Prime Retail Space on Route 22

      Retail space in a high-traffic, redeveloped shopping center.
      1701 US-22 , Watchung, NJ
      View Details
    • $1,600/Mo

      Watchung Boro Office Space Available

      Second floor office space with high visibility and easy access.
      475 Watchung, Watchung Boro, NJ 07069
      View Details
    • Contact for pricing
      2,000 SF

      Retail Space on Stirling Road

      Retail space available at a strategically located intersection.
      60 Stirling Rd, Watchung, NJ
      View Details

    FAQs

    What type of property is this?
    Medical Office Space - Well-maintained medical/office suites in desirable Watchung business location.
    Where is this medical office space located?
    The property is located at 10 Shawnee Dr Watchung, NJ.
    What are key features of this property?
    This property features: Desirable Watchung business location; High visibility; Well‑maintained mixed‑use medical/office suites
    (732) 469-1515
    We can help!
    Listing Contact
    TIM DELUCCIA
    Learn More
    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.
    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

    Thank You for Inquiry
    10 Shawnee Dr, Watchung Boro, NJ 07069
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!