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

    258 King George Rd Warren, NJ 07059

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Sale
    $4,000,000

    Fully occupied building with established tenants and multi-year leases.

    Lot size:
    2.70 Acres

    Property Features for 258 King George Rd

    General Information

    Property type
    Commercial
    Standard status
    Active
    Lot size
    2.70 Acres

    Building Details

    Year built
    1996

    We can help!

    Listing Contact
    Tim Deluccia
    Source: Elliman

    Listing Agency: BHHS FOX & ROACH Listing Agent: Tim Deluccia

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

    Learn more

    Overview

    Warren Township Investment Opportunity

    This well-maintained 14,500 square foot building is located in Warren Township, Somerset County. The property is 100% occupied. The first floor of the main building is occupied by a dance school, and the second floor of the main building is occupied by a Montessori school. The annex is occupied by a music school. All tenants are well-established and have multi-year leases with renewals. The property has undergone many recent updates. It is located minutes from Exit 36 on I-78. The Net Operating Income (NOI) is $255,763 with a 6.39% cap rate, presenting an excellent investment opportunity.
    Location Intelligence

    Current Use by Public Records

    K & K Enterprises ... Factory Washington Rock Dance Training Center STREAM Montessori School ... Daycare Center Vera’s Music School Vocational School

    Suggested Use

    Real Estate Agency Restaurant Spa & Massage Center Hair Salon Auto Repair Shop Pharmacy Building Supply Gym & Fitness Center Big Box & Wholesale Store Skin Care Clinic

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

    Location Insight

    • Map
    • Local Demand
    City
    Warren
    County
    Somerset
    State
    New Jersey
    Longitude
    -74.5146518
    Latitude
    40.6401321

    Nearby Similar for Sale

    • $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, NJ 07059
      View Details
    • Contact for pricing
      2.99 Acres

      Retail Space in Village Square

      1,000 SF retail store in desirable Warren Township, NJ.
      41 Mountain Blvd, Warren, NJ 07059
      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, NJ 07059
      View Details
    • Contact for pricing
      11,888 SF

      Warren Commercial Flex/Industrial Space

      11,888 SF flex space with office and warehouse components.
      6 Powderhorn Dr, Warren, NJ 07059
      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, NJ 07059
      View Details
    • $400,000
      3,000 SF

      Turnkey Medical/Professional Condo For Sale

      Established medical condo with patient rooms, X-Ray, and storage.
      27 Mountain Blvd, Warren, NJ 07059
      View Details
    • Contact for pricing
      11,888 SF

      Industrial/Office/Flex Space Available

      11,888 SF industrial/office/flex space for sale.
      6 Powderhorn Dr, Warren, NJ 07059
      View Details
    • Contact for pricing
      7,424 SF

      Prime Warren Office Space

      7,424 SF Office, 1.11 Acres, Immediate Occupancy
      2 North Rd, Warren, NJ 07059
      View Details
    • Contact for pricing
      0.91 Acres

      Warren NJ Medical Office Building

      Prime Medical Office, 7,260 SF, 0.91 Acres
      23 Mountain Blvd, Warren, NJ 07059
      View Details
    • $400,000

      Cabin with Additional Lots

      Cabin on one lot with two additional lots included.
      117 Wichser Ln, Warren, NJ 07059
      View Details
    • Contact for pricing
      8.63 Acres

      Warren Office Building - Prime Location

      7-Office Building, Ample Parking, I-78 Access
      151 Mount Bethel Rd, Warren, NJ 07059
      View Details

    FAQs

    What type of property is this?
    School - Fully occupied building with established tenants and multi-year leases.
    Where is this school located?
    The property is located at 258 King George Rd Warren, NJ.
    What is the asking price?
    The asking price for this property is $4,000,000.
    What are key features of this property?
    This property features: - 100% Occupied Trophy Asset; - $255,763 Net Operating Income (NOI); - 6.39% Cap Rate
    (732) 469-1515
    Request Owner's contact information
    258 King George Rd Warren, NJ 07059
    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.
    258 King George Rd
    Warren, NJ 07059
    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
    258 King George Rd Warren, NJ 07059
    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
    Tim Deluccia
    (732) 469-1515 (908) 938-6405
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!