Three-Unit Downtown Retail
For Sale
$1,150,000
25 Washington Avenue, Washington, NJ 07822
Retail building offers three subdivided units with improved storefront facade and display windows; 100% occupied.
Property Size7,700 SF
Price / SF$149.35
Days on Market340
Property Features for 25 Washington Avenue
General Information
Standard status
Active
Size
7,700 SF
Property subtype
Retail
Occupancy
100%
Taxes and HOA fees
Annual Taxes
$19,429
Amenities
display windows
common area lobby
Central Air
3
Tile, Vinyl, Other
Flat
Parking.
On Street.
Building Details
Tenancy
Multi
Listing Agency:
Coletta Commercial Realty
(732) 746-3051
Listed By:
Nicholas D'Egidio
(732) 746-3051
Source:
Xome
Added: Sep 3, 2025
Changed: Aug 8
Last Checked: Aug 8 at 4:24AM
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 retail investment property has been recently divided into three individual retail units, each supported by an improved front facade, display windows, and a common area lobby. The building is 100% occupied, with tenants including The Cellar Door, Nails By Diana, and Le Crepe Cafe.
Situated in the heart of downtown Washington, NJ’s business district, the property is described as walkable to nearby neighborhood retail, professional services, and entertainment.
For sale as a commercial retail asset, the offering is also noted as potentially suited for a 1031 exchange replacement.
Situated in the heart of downtown Washington, NJ’s business district, the property is described as walkable to nearby neighborhood retail, professional services, and entertainment.
For sale as a commercial retail asset, the offering is also noted as potentially suited for a 1031 exchange replacement.
Key Highlights
- Three subdivided retail units in downtown Washington, NJ’s Business District
- 100% occupied with tenants including The Cellar Door, Nails By Diana, and Le Crepe Cafe
- Recently divided into 3 units with improved front facade, 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
Current Use
Lease Details
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
423
Businesses Nearby
21k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 100%
BP
Shops & Services
10,754 visits/mo
0.3 miles
Exxon
Shops & Services
10,301 visits/mo
0.4 miles
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
Market
Vacancy Rate% for Retail in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Storefront property - Retail building offers three subdivided units with improved storefront facade and display windows; 100% occupied.
Where is this storefront property located?
The property is located at 25 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: Three subdivided retail units in downtown Washington, NJ’s Business District; 100% occupied with tenants including The Cellar Door, Nails By Diana, and Le Crepe Cafe; Recently divided into 3 units with improved front facade, display windows, and common area lobby
