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    1225 Route31 Lebanon, NJ 08833

    Sponsored
    For Sale
    $290,000

    8,000 SF Office Suite - $290,000

    Property size:
    8,000 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    338
    This exceptional 8,000-square-foot commercial office suite is ideally located at 1225 Route 31, Unit 3, in Lebanon, New Jersey. Situated within the attractive Red Schoolhouse Development, the property boasts a park-like setting and offers ample parking. The suite itself is beautifully appointed and features six individual offices, a spacious meeting room, a well-equipped kitchen, and a welcoming reception area. Conveniently located on the second floor, the suite is easily accessible via elevators. Its prime location on Route 31 provides excellent access to major transportation arteries, including Route 78 (Exit 18) and Route 22, ensuring effortless commutes for employees and clients. The proximity to downtown Flemington (approximately 5 miles away) offers additional convenience and access to amenities. This versatile space is perfect for both start-up companies seeking a professional environment and established businesses looking to expand or relocate. The combination of its attractive features, convenient location, and competitive price makes this an exceptional opportunity for any business seeking a high-quality office space in a desirable location. The property is offered at $290,000. The building offers a park-like setting. The suite is located on the second floor.

    Property Features for 1225 Route31

    General Information

    Property type
    Other commercial real estate
    Square Feet
    8,000 SF
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Lebanon
    County
    Hunterdon
    State
    New Jersey
    Longitude
    -74.87463
    Latitude
    40.60096

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    FAQs

    What type of property is this?
    Commercial real estate - 8,000 SF Office Suite - $290,000
    Where is this commercial real estate located?
    The property is located at 1225 Route31 Lebanon, NJ.
    What is the asking price?
    The asking price for this property is $290,000.
    (732) 469-1515
    Request Owner's contact information
    1225 Route31 Lebanon, NJ 08833
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    Lebanon, NJ 08833
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    Realmo Value Estimation

    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.

    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.

    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
    1225 Route31 Lebanon, NJ 08833
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