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    Allen Rd Basking Ridge, NJ 07920

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    For Lease
    $26 SF/Yr ($6,807 /Mo)

    Retail space available in a busy shopping center.

    Property size:
    3,142 SF
    Lot size:
    10.43 Acres

    Property Features for Allen Rd

    General Information

    Size
    3,142 SF
    Lot size
    10.43 Acres

    Source: The Kislak Company Agent Sara Soliman

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

    Overview

    Retail Space in Basking Ridge

    This retail space is available for lease within a shopping center located in Basking Ridge, NJ. The available space is 3,142 square feet and may be divisible. The shopping center has a building size of 60,806 square feet and is situated on 11.14 acres. There are 359 surface parking spaces available. The lease rate is $26.00 per square foot NNN. Estimated real estate taxes for 2023 are $3.41 per square foot, and operating expenses are estimated at $8.43 per square foot for 2023. Current co-tenants include Rite Aid Pharmacy, Chu's Cafe, Village of Highlands Cleaners, Dunkin' Donuts, The Wine Rack, Dental Arts Vision, U.S. Postal Service, Tiny Turtle Academy, and Kumon Learning Center.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Dental Arts Vision Dental Clinic Infosys Limited Establishment The Power Locker Vending Machine Supplier LiteSpeed Technologies Software Company ATM Atm

    Suggested Use

    Restaurant Realty agency Law Firm Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Clothing Store Nail Salon Hotel & Motel

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

    Location Insight

    • Map
    • Local Demand
    City
    Basking Ridge
    County
    Somerset
    State
    New Jersey
    Longitude
    -74.580508
    Latitude
    40.65227

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    FAQs

    What type of property is this?
    Strip mall - Retail space available in a busy shopping center.
    Where is this strip mall located?
    The property is located at Allen Rd Basking Ridge, NJ.
    What is the lease rate?
    The lease rate is $26 SF/Yr.
    What are key features of this property?
    This property features: - Available space of **3,142 SF (may be divisible)**; - High parking ratio with 359 surface parking spaces; - Located in a building with a total size of 60,806 SF on 11.14 acres
    (732) 750-3000
    Request Owner's contact information
    Allen Rd Basking Ridge, NJ 07920
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    Basking Ridge, NJ 07920
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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
    Allen Rd Basking Ridge, NJ 07920
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