Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    120 Mountainview Rd Warren, NJ 7059

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Sale
    $1,750,000

    Two approved residential building lots in Warren Township, New Jersey.

    Added:
    May 19, 2025
    Days on Market:
    334
    Last Refresh:
    Mar 16 at 9:09 am

    Property Features for 120 Mountainview Rd

    General Information

    Standard status
    Active

    We can help!

    Listing Contact
    DAVID L. WYLDE

    Listing agent DAVID L. WYLDE

    Listing office COLDWELL BANKER REALTY

    Listing date May 19, 2025

    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 COLDWELL BANKER REALTY

    Overview

    Residential Lots in Warren Township

    Located in Warren Township, this property presents an opportunity to acquire one or two approved residential building lots. The lots, situated on Mountain View, can be purchased separately or combined to create a 6.85-acre parcel. One lot, located at 120 Mountain View, spans 3.79 acres, while the other, at 122 Mountain View, covers 3.06 acres. Both lots feature access to public water, public sewer, and natural gas. The level, partly wooded parcels have been cleared. The property is located minutes from major highways, Park and Ride to NYC, top rated schools, vibrant downtown and restaurants.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Restaurant Law Firm Building Supply Dental Office Gym & Fitness Center Kitchen & Bath Showroom Computer & Electronic Repair Tech Support Center Travel Agency Acupuncture

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

    Location Insight

    • Map
    • Local Demand
    City
    Warren
    County
    Somerset
    State
    New Jersey
    Longitude
    -74.5448
    Latitude
    40.6396

    Nearby Similar for Sale

    • $429,000
      3,000 SF

      Updated Medical/Professional Condo For Sale

      1,500 sq ft condo with 1,500 sq ft basement.
      27 Mountain Blvd Suite 7, Warren Twp., NJ 07059-5605
      View Details
    • $795,900

      Residential Land in Warren Township

      1.54 acre residential parcel in Warren Township, ready for construction.
      5 2Nd St, Warren Twp., NJ 07059-6717
      View Details
    • $4,000,000
      14,500 SF

      Warren Twp. Investment Opportunity

      Fully occupied 14,500 SF building with established tenants and multi-year leases.
      258 King George Rd, Warren Twp., NJ 07059
      View Details
    • $495,000
      3,000 SF

      Spacious Office Building in Warrenville

      Large office building with potential for separation and expansion.
      31 Mountain Boulevard, Warren Twp., NJ 07059
      View Details
    • $390,000
      3,000 SF

      Turnkey Medical/Professional Condo For Sale

      Turnkey medical/professional condo in desirable Crosspointe complex.
      27 Mountain Blvd, Warren Twp., NJ 07059
      View Details
    • $2,400

      Retail Space in Village Square

      1,000 SF retail store in desirable Warren Township, NJ.
      41 Mountain Blvd, Warren Twp., NJ 07059
      View Details
    • $399,000

      Warren Twp. Wooded Land Parcel

      7+ acre wooded land parcel suitable for single-family home.
      29 Elm Ave, Warren Twp., NJ 07059-6726
      View Details
    • $1,975,000
      6,290 SF

      Dual-Asset Portfolio on Mt. Bethel

      High-visibility, dual-asset portfolio on 1 AC lot.
      186 Mount Bethel Rd, Warren Twp., NJ 07059
      View Details
    • $600,000

      Warren Twp. Land For Sale

      2.12 acre commercial land available in Warren Twp., NJ.
      27 Elm Ave, Warren Twp., NJ 07059-6726
      View Details
    • $4,000,000
      14,500 SF

      Fully Occupied Warren Township Building

      14,500 SF building 100% occupied by schools.
      258 King George Rd, Warren Twp., NJ 07059
      View Details
    • Contact for pricing
      1,650 SF

      First Floor Office Suite

      1650 sq ft office suite available immediately.
      5 Mountain Boulevard #8, Warren, NJ 07059
      View Details
    • $17,337
      11,888 SF

      Industrial/Office/Flex Space Available

      11,888 SF industrial/office/flex space for sale.
      6 Powderhorn Drive #C, Warren, NJ 07059
      View Details

    FAQs

    What type of property is this?
    Land - Two approved residential building lots in Warren Township, New Jersey.
    Where is this land located?
    The property is located at 120 Mountainview Rd Warren, NJ.
    What is the asking price?
    The asking price for this property is $1,750,000.
    What are key features of this property?
    This property features: Approved residential building lots (two lots available).; Public water, public sewer, and natural gas available on both lots.; Located in Warren Township.
    (908) 754-7511
    We can help!
    Listing Contact
    DAVID L. WYLDE
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!