Three-Unit Retail Shopping
For Sale
$1,150,000
25 E Washington Avenue, Washington, NJ 07822
Commercial Sale, Washington, NJ
Property Size7,700 SF
Price / SF$149.35
Days on Market377
Property Features for 25 E Washington Avenue
General Information
Property type
Commercial Sale
Property subtype
Retail
Zoning description
Central Business
Rooms
Basement
Parking features
On Street
Security features
Security System
Interior features
Handicapped, Refrigeration
Exterior features
Display Window, Lighting
Basement
Walk-Out Access
Accessibility
Accessible Approach with Ramp
Directions
Rt. 78 to Exit 17, 31 N to Rt 57 (Washington Ave) property on left.
Standard status
Active
APN
3021-00094-0001-00005-0000
Size
7,700 SF
Taxes and HOA fees
Tax Annual Amount
19429
Utilities
Sewer type
Public Sewer
Heating system
Forced Air
Cooling system
Central Air
Water source
Public
Building Details
Floors in Building
1
Flooring type
Vinyl, Tile
Building materials
Block, Brick
Roof type
Flat
Listing Agency:
Coletta Commercial Realty
(732) 746-3051
Listed By:
Nicholas D'Egidio
(610) 252-6666
Added: Sep 9, 2025
Changed: Sep 4
Last Checked: Sep 20 at 4:06PM
MLS# 22527356
Copyright © 2026 More MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This 7,700-square-foot shopping center is configured as three individual retail units and is currently 100% occupied. Improvements include an updated front facade, display windows, and a common-area lobby. Existing occupants are The Cellar Door, Nails By Diana, and Le Crepe Cafe. Interior features include a basement, vinyl and tile flooring, forced-air heat, central air, refrigeration, and accessibility improvements with a ramped approach.
Located at 25 E Washington Avenue in Washington’s downtown business district, the property is walkable to neighborhood retail, professional services, and entertainment. The site has on-street parking and is served by public water and public sewer. Block and brick construction, a flat roof, exterior lighting, and accessible design complete the property’s commercial configuration.
Located at 25 E Washington Avenue in Washington’s downtown business district, the property is walkable to neighborhood retail, professional services, and entertainment. The site has on-street parking and is served by public water and public sewer. Block and brick construction, a flat roof, exterior lighting, and accessible design complete the property’s commercial configuration.
Key Highlights
- 7,700‑square‑foot shopping center configured as 3 individual retail units
- 100% occupied by The Cellar Door, Nails By Diana, and Le Crepe Cafe
- Updated front facade with display windows and common‑area lobby
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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Similar Off Market Nearby
- Metropolitan Developers Inc — 57 State St, Washington, NJ 07882
Frequently Asked Questions
What type of property is this?
Shopping center - Fully occupied center with three retail units, display windows, and a shared lobby.
Where is this shopping center located?
The property is located at 25 E Washington Avenue 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 shopping center configured as 3 individual retail units; 100% occupied by The Cellar Door, Nails By Diana, and Le Crepe Cafe; Updated front facade with display windows and common‑area lobby
