Prime Business and Medical Office in a Tranquil Setting An exceptional opportunity awaits medical professionals or investors looking to acquire a highly desirable medical office located Washington NJ - Warren County. Nestled in a peaceful and well-maintained professional complex, this property is ideal for a range of medical, business, professional practices. Property Highlights: • Versatile Layout: The office features a flexible floor plan designed to accommodate various medical specialties, including general practice, dental, therapy, or specialty clinics.The space is ready to be customized to meet your specific needs. • Convenient Location: Situated in the heart of Warren County, this building offers easy access for patients, staff and clients, with ample parking available on-site. Its strategic location ensures that your practice is within reach of the local community, as well as surrounding towns. • Professional Environment: The office is part of a well-established professional complex,providing a quiet and professional atmosphere conducive to all professional services. • Modern Amenities: Equipped with essential amenities, including HVAC,reliable utilities, and a clean, welcoming reception area. The office layout allows for a comfortable waiting area, private consultation rooms, and administrative offices. • Investment Potential: The professional office environment is growing, this is an excellent investment opportunity in a growing area. Whether you're expanding your practice or investing in commercial real estate, this office offers significant potential for appreciation. • Move-In Ready: The space is ready for immediate occupancy, allowing you to set up your business quickly • Strategic Location: Positioned in a thriving area with ongoing development, this property is well-suited for professionals looking to establish or expand their practice. • Affordable Investment: The attractive price range offers a cost-effective opportunity to own not lease a custom renovated office condo in a desirable location. • Convenience: The convenient location and ample parking make it easy for clients to visit, enhancing your business or practice’s accessibility and appeal.
Introducing an exceptional commercial property offering 6,800 square feet of meticulously renovated and expanded space. This stunning building combines modern elegance with functionality, ideal for executive offices, professional services, healthcare services or corporate headquarters. Upon entry, you're greeted by a grand front foyer that sets the tone for the sophisticated atmosphere throughout, wood floors, tile and well maintained flooring span both the first and second levels, enhancing the warmth and style of the space. 13 private offices ensure productivity and privacy, while a dedicated board meeting room provides the perfect environment for strategic discussions. The recent addition seamlessly integrates with the original design, adding spaciousness and versatility. Located just 15 minutes from Route 78, this prime spot offers easy access to Eastern Pennsylvania and is just 1 hour from New York City and 1.5 hours from Philadelphia. Whether for a regional headquarters or an expanding business, this property’s strategic location makes it an unparalleled opportunity for both convenience and prestige.
Property Features for 205 Rt 31
General Information
Property type
Medical offices
Square Feet
52,272 SF
Price / Square Foot
$22
Total Parking Spaces
28
Elevators
N/A
Lot Size
52,272 SF
Building Details
Year Built/Renovated
1985/2008
Buildings
1
Stories
3
We can help!
Listing Contact
Doug Krentz
Learn more
Location Intelligence
Current Use by Public Records
Medical offices
Map
City
Township of Washington
State
New Jersey
Longitude
-79.184286
Latitude
37.377617
Nearby Comparable
$1,200,000
7,675 SF
7,675 SF Three Story Class A Office Building For Sale
7,675 SF Three Story Class A Office Building For Sale
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.
205 Rt 31 Township of Washington, NJ 07676
Message sent successfully
Error
Email to Your Friends
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
205 Rt 31 Township of Washington, NJ 07676
More about this listing
For sale
Contact
Doug Krentz
Your message was sent
Please view email to read information.
Check the junk/spam folder if no email is in the inbox.
Error
Your message wasn't sent. Try again
Request price
For sale
Contact
Doug Krentz
Your message was sent
Please view email to read information.
Check the junk/spam folder if no email is in the inbox.
Error
Your message wasn't sent. Try again
Property Records & Analytics
For sale
Your message was sent
Please view email to read information.
Check the junk/spam folder if no email is in the inbox.
Error
Your message wasn't sent. Try again
Request Owner's contact information
For sale
Your message was sent
Please view email to read information.
Check the junk/spam folder if no email is in the inbox.
Error
Your message wasn't sent. Try again
Current Estimation by Request
For sale
Your message was sent
Please view email to read information.
Check the junk/spam folder if no email is in the inbox.
Error
Your message wasn't sent. Try again
Send Message
to 205 Rt 31 Township of Washington, NJ 07676
For sale
Contact
Doug Krentz
Your message was sent
Please view email to read information.
Check the junk/spam folder if no email is in the inbox.