Sign Up Successful!
You now have access to more from Realmo!
    For Lease
    • 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

    409 Coventry Dr Phillipsburg, NJ 08865

    Loading data...
    Loading data...
    Loading data...
    For Lease
    $2,000 /Mo

    Turnkey first-floor office space with ample parking and easy access.

    Building Details

    Year built
    1983

    We can help!

    Listing Contact
    Kathryn Kingfield
    Kathryn Kingfield
    Source: Elliman

    Listing Agent: Kathryn Kingfield

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

    Learn more

    Property Insight Report

    Overview

    Professional Office Space For Rent

    This first-floor professional office space is located in a well-maintained building, offering easy access and ample parking. The turnkey unit features a spacious waiting room and reception area. It includes four exam rooms, an office, a bathroom, and an employee breakroom. A rear entrance provides access to additional storage space.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Medical offices

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

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

    Similar Places Nearby

    Phillipsburg Veterinary Clinic

    Location Insight

    • Map
    • Local Demand
    City
    Phillipsburg
    County
    Warren
    State
    New Jersey
    Longitude
    -75.1706783
    Latitude
    40.7073781

    Nearby Similar for Lease

    • $2,400 /Mo
      16,117 SF

      Phillipsburg Town Office Space Available

      First floor office space with multiple offices and conference room.
      372 S Main St, Phillipsburg, NJ 08865
      View Details
    • $1,300 /Mo
      416 SF

      Phillipsburg Town Commercial Space For Lease

      Versatile storefront ideal for retail, currently a hair salon.
      443 S Main St, Phillipsburg, NJ 08865
      View Details
    • New
      Contact for pricing
      1,443 SF

      Freestanding Office Space Available

      Highly visible professional office space in Phillipsburg, NJ for lease.
      707 New Brunswick Ave, Phillipsburg, NJ 08865
      View Details
    • $3,000 /Mo
      30,928 SF

      Phillipsburg Commercial Space For Rent

      Commercial space with high visibility, perfect for auto-related business.
      Phillipsburg Town, Phillipsburg, NJ 08865
      View Details
    • $1,500 /Mo
      30,928 SF

      Commercial Space in Phillipsburg Town

      Versatile commercial space with garage, bathroom, and office.
      Phillipsburg Town, Phillipsburg, NJ 08865
      View Details
    • $3,600 /Mo

      High-Visibility Commercial Space Near Easton

      Versatile 3,600 SF commercial space in high-traffic area.
      481 Memorial Pkwy, Phillipsburg, NJ 08865
      View Details
    • $4,666 /Mo

      Phillipsburg Manufacturing and Warehouse Space

      Light industrial space with office, drive-in bay, and parking.
      175 Broad St, Phillipsburg, NJ 08865
      View Details
    • Contact for pricing
      1,455 SF

      Retail Space in Strykers Crossing

      Retail and restaurant space available in Lopatcong, New Jersey.
      201 Strykers Rd, Phillipsburg, NJ 08865
      View Details
    • $24 SF/Yr
      42,896 SF

      Greenwich Commons Medical Office

      Prime Phillipsburg Medical Office Space
      1 Greenwich St, Phillipsburg, NJ 08865
      View Details
    • Contact for pricing
      23,940 SF

      Phillipsburg Truck Terminal and Warehouse

      23,940 SF truck terminal and warehouse on 9.75 acres.
      402 County Road 519, Phillipsburg, NJ 08865
      View Details
    • Contact for pricing
      537,410 SF

      Pohatcong Plaza Retail Space For Lease

      Prime Phillipsburg Retail, Multiple Units Available
      1250 Us Highway 22, Phillipsburg, NJ 08865
      View Details
    • Contact for pricing
      92,555 SF

      Phillipsburg Warehouse with Office Space

      Sublease opportunity: 175,055 SF warehouse with office, available now.
      2000 Rand Blvd, Phillipsburg, NJ
      View Details

    FAQs

    What type of property is this?
    Medical office - Turnkey first-floor office space with ample parking and easy access.
    Where is this medical office located?
    The property is located at 409 Coventry Dr Phillipsburg, NJ.
    What are key features of this property?
    This property features: - Turnkey professional office space ready for immediate occupancy.; - First-floor location with easy access.; - Ample parking available.
    (908) 454-1717
    Request Owner's contact information
    409 Coventry Dr Phillipsburg, NJ 08865
    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.
    409 Coventry Dr
    Phillipsburg, NJ 08865
    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
    409 Coventry Dr Phillipsburg, NJ 08865
    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

    We can help!
    Listing Contact
    Kathryn Kingfield
    Kathryn Kingfield
    (908) 454-1717
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.