Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Bright Office Space Near Downtown Title is generated by Realmo AI

    172 Washington Valley Rd, Warren, NJ 07059

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Lease
    $2,200 /Mo

    Move-in ready office space with five private offices.

    Type:Commercial
    Lot size:
    1.44 Acres
    Added:
    Jan 30, 2026
    Days on Market:
    117
    Last Refresh:
    Apr 5 at 11:27 pm

    Property Features for 172 Washington Valley Rd

    General Information

    Standard status
    Active
    Lot size
    1.44 Acres
    Property subtype
    Commercial

    Building Details

    Year Built
    2009

    We can help!

    Listing Contact
    BRIAN FERNANDES

    Listing agent BRIAN FERNANDES License #1648316

    Listing office RE/MAX CENTRAL

    Listing date Jan 30, 2026

    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 RE/MAX CENTRAL

    HighLights

    • Reduced rent of $1,800/month for the first three months for leases signed by April 15th.
    • Five private offices suitable for various business needs.
    • Abundant natural light throughout the unit.
    • Convenient on‑site bathroom.
    • Ample parking for employees and guests.
    • Convenient location near Downtown Warren with quick access to Route 22 and Interstate 78.

    Overview

    This well-maintained commercial office suite offers a professional and inviting layout suitable for various businesses. The space includes five private offices, offering flexibility for executive use, team workspaces, or client meeting rooms. An on-site bathroom provides everyday practicality for staff and visitors. The unit features an abundance of windows, allowing for excellent natural light that creates a bright, comfortable, and productive work environment. Upon entry, a small reception or sitting area provides a welcoming first impression, perfect for greeting clients or setting up a reception desk. A large parking lot offers ample spaces for employees and guests. The property is conveniently located near Downtown Warren, with quick access to Route 22 and Interstate 78, providing excellent visibility and easy commuting for employees and clients. The unit will be available for rental on 4/1.
    Property Profile Location Intelligence

    Current Use by Public Records

    Ensurplan Inc. Land Surveyor Edward Jones Financial Advisor Edward Jones - Financial ... Financial Advisor Eric Rittenhouse: Allstate ... Insurance Agency Banknet Mortgage Services Loan Service

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

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

    Location Insight

    • Map
    • Local Demand
    City
    Warren
    County
    Somerset
    State
    New Jersey
    Longitude
    -74.4966037
    Latitude
    40.6139089

    Nearby Similar for Lease

    • $11,331/Mo
      7,300 SF

      Modern Commercial Building in Warren

      Stand-alone building with private parking near Route 78.
      217 Mount Horeb Rd, Warren Twp., NJ 07059-5628
      View Details
    • $475/Mo
      108 SF

      Office Suite in Warren Township

      Well-maintained office suite with shared amenities and ample parking.
      172 Washington Valley Rd, Warren Twp., NJ 07059-7178
      View Details
    • $550/Mo
      180 SF

      Well-Maintained Office Suite For Rent

      Office suite in Warren Twp. with shared amenities and parking.
      172 Washington Valley Rd, Warren Twp., NJ 07059-7178
      View Details
    • $2,200/Mo

      Functional Office Space with Natural Light

      Move-in ready office space near Downtown Warren.
      172 Washington Valley Rd, Warren Twp., NJ 07059-7178
      View Details
    • $600/Mo

      Office Space in Warren Twp.

      Office space for lease in a convenient, private location.
      60 Mountain Blvd, Warren Twp., NJ 07059-5607
      View Details
    • $2,760/Mo
      1,679 SF

      Warren Township Office Space Available

      Professional office building in desirable Warren Township location for rent.
      513 Warrenville Rd, Warren Twp., NJ 07059
      View Details
    • Sponsored
      $129-$3,927/Mo
      11-1,292 SF

      NJ, Warren - Mountain Blvd

      55 Mtn Blvd. 2, Unit WARREN, Warren, NJ 07059
      View Details
    • $2,600/Mo
      1,650 SF

      First Floor Office Suite

      1650 sq. ft. office suite available for rent.
      5 Mountain Blvd, Warren Twp., NJ 07059
      View Details
    • $2,400/Mo
      24,600 SF

      Retail Space in Village Square

      Retail store in Warren Township's Village Square Mall.
      41 Mountain Blvd, Warren Twp., NJ 07059
      View Details
    • $2,750/Mo

      Updated Condo-Style Apartment with Deck

      Updated condo-style apartment featuring modern appliances and private deck.
      100 Liberty Village Dr 305, Warren Twp., NJ 07059-2709
      View Details
    • Contact for pricing
      11,888 SF

      Industrial Warehouse/Office/Flex Space Available

      11,888 SF industrial warehouse/office/flex space for lease.
      6 Powderhorn Dr, Warren Twp., NJ 07059
      View Details
    • Contact for pricing
      50,862 SF

      Class A Office Building

      Four-story office building with modern amenities and highway access.
      184 Liberty Corner Road, Warren, NJ, 07059
      View Details

    FAQs

    What type of property is this?
    Office units - Move-in ready office space with five private offices.
    Where is this office units located?
    The property is located at 172 Washington Valley Rd Warren, NJ.
    What is the lease rate?
    The lease rate is $2,200 /Mo.
    What are key features of this property?
    This property features: Reduced rent of $1,800/month for the first three months for leases signed by April 15th.; **Five private offices** suitable for various business needs.; **Abundant natural light** throughout the unit.
    (732) 972-1000
    We can help!
    Listing Contact
    BRIAN FERNANDES
    Real Estate License ID: 1648316
    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

    Thank You for Inquiry
    172 Washington Valley Rd, Warren Twp., NJ 07059
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!