Three-Unit Retail
New
For Sale
$1,150,000
25 E Washington Ave, Washington, NJ 07822
Fully occupied storefront property with three retail units, updated display windows, and a shared customer lobby.
Property Size7,700 SF
Price / SF$149.35
Days on Market2
Property Features for 25 E Washington Ave
General Information
Standard status
Active
Size
7,700 SF
Occupancy
100%
Amenities
improved front facade
display windows
common area lobby
Building Details
Tenancy
Multi
Listing Agency:
Coletta Commercial Realty
Listed By:
Nicholas D'Egidio
(732) 746-3051
Source:
Soldbypattie
Added: Sep 11
Last Checked: Sep 11 at 3:08PM
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 Coletta Commercial Realty
Investment Insights
Based on property information with market context.
This 7,700-square-foot storefront property contains three separately configured retail units within an updated commercial presentation. Improvements include a refreshed front facade, display windows, and a shared lobby serving the individual spaces. Current occupants are The Cellar Door, Nails By Diana, and Le Crepe Cafe, and the property is reported as 100% occupied.
The building is located at 25 E Washington Ave in downtown Washington, NJ’s Business District. Its setting provides walkable access to neighborhood retail, professional services, and entertainment. The existing layout combines multiple retail suites with a common customer-facing area, offering a clearly defined storefront configuration for commercial ownership or occupancy.
The building is located at 25 E Washington Ave in downtown Washington, NJ’s Business District. Its setting provides walkable access to neighborhood retail, professional services, and entertainment. The existing layout combines multiple retail suites with a common customer-facing area, offering a clearly defined storefront configuration for commercial ownership or occupancy.
Key Highlights
- 7,700‑square‑foot retail property divided into 3 individual units
- 100% occupied by The Cellar Door, Nails By Diana, and Le Crepe Cafe
- Updated front facade with display windows
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$88,482
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
7.69%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,769,640
$1.8M
Cap Rate 7%
$1,264,029
$1.3M
Cap Rate 9%
$983,133
$983.1K
Market Conditions
NOI Build-Up for 7,700 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$138.6K $18.00/SF
− Vacancy
−$12.2K −$1.58/SF
EGI
$126.4K $16.42/SF
− OpEx
−$37.9K −$4.92/SF
NOI
$88.5K $11.49/SF
Area
Warren County, NJ
Vacancy
8.80%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,769,640
Cap Rate 7%
$1,264,029
Cap Rate 9%
$983,133
Alternative Uses
Best Use
Retail
$1.26M
$1.11M – $1.47M
NOI $88,482 @ 7.0% cap · market cap 7.69%
Second Best
—
—
no second resolved use
Theoretical Best
Warehouse
$2.90M
$2.54M – $3.39M
NOI $203,349 @ 7.0% cap · market cap 17.68%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
634
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 07822, NJ
981
Population
338
Households
2.9
Avg Household Size
44
Median Age
28%
College-Educated
93%
High-School Grad
7.4 sq mi
ZIP Area
133
Density / Sq Mi
$106,250
Median Household Income
$55,139
Median Earnings
$421,300
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in Northeast region
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Frequently Asked Questions
What type of property is this?
Storefront property - Fully occupied storefront property with three retail units, updated display windows, and a shared customer lobby.
Where is this storefront property located?
The property is located at 25 E Washington Ave Washington, NJ.
What is the asking price?
The asking price for this property is $1,150,000.
What are key features of this property?
This property features: 7,700‑square‑foot retail property divided into 3 individual units; 100% occupied by The Cellar Door, Nails By Diana, and Le Crepe Cafe; Updated front facade with display windows
