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

    226 Nj-31 Washington, NJ 07882

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    Two-acre commercial land lease, ideal location.

    Lot size:
    87,120 SF

    Property Features for 226 Nj-31

    General Information

    Property type
    Land
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    87,120 SF
    Total Rate
    30000

    Spaces For Lease

    at 226 Nj-31, Washington, NJ 07882 Contact us
    Unit

    $30,000 /Mo

    Size
    87,120 SF
    Contact us

    We can help!

    Listing Contact
    Michael Del Cioppo
    Michael Del Cioppo

    Listing Agency: REALTY ONE GROUP NEXT DOOR Listing Agent: Michael Del Cioppo

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

    Learn more

    Overview

    This exceptional two-acre commercial land parcel presents a unique investment opportunity in Washington, New Jersey. Located directly on Route 31, this property boasts high visibility and convenient access for businesses. The zoning designation is GC (General Commercial), offering a wide range of permitted uses. A comprehensive list of permitted uses is available upon request. Potential development options are diverse and include, but are not limited to, self-storage facilities, restaurants, churches, banks, and even recreational ventures such as miniature golf courses. The property is offered as a single-tenant land lease, providing a straightforward and potentially lucrative investment. Situated in the Hackettstown submarket cluster, this location benefits from strong regional demographics and established commercial activity. The property's address is 226 NJ-31, Washington, NJ 07882. This is a rare opportunity to acquire a strategically located commercial land parcel with significant development potential in a thriving New Jersey market. The property is being offered for the first time. Detailed zoning information is available for review. This is an exceptional opportunity for investors seeking a high-visibility, versatile commercial land asset.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Washington
    County
    Warren
    State
    New Jersey
    Longitude
    -74.979377542267
    Latitude
    40.771252003462

    Nearby Similar for Lease

    • $800 /Mo
      13,504 SF

      Private Office in Prime Location

      Recently renovated office space with shared amenities in downtown Washington.
      2 W Washington Ave, Washington, NJ 07882
      View Details
    • $2,000 /Mo
      13,504 SF

      Renovated Office Suites in Washington

      Turnkey office space in a desirable, convenient location.
      2 W Washington Ave, Washington, NJ 07882
      View Details
    • $800 /Mo
      13,504 SF

      Renovated Office in Prime Location

      Private office space with shared amenities in a convenient downtown location.
      2 W Washington Ave, Washington, NJ 07882
      View Details
    • $800 /Mo
      13,504 SF

      Renovated Office in Prime Location

      Private office space with shared amenities and convenient downtown access.
      2 W Washington Ave, Washington, NJ 07882
      View Details
    • $3,200 /Mo
      3,200 SF

      Industrial Building with Open Layout

      Freestanding industrial building with open floor plan and outdoor space.
      33 Willow St, Washington, NJ 07882
      View Details
    • $2,900 /Mo
      10,670 SF

      Freestanding Office Building For Lease

      10,670 SF office building ideal for professional or service uses.
      256 Belvidere Ave, Washington, NJ 07882
      View Details
    • $800 /Mo

      Private Office in Prime Location

      Recently renovated office space with shared amenities and convenient location.
      2 W Washington Ave, Washington, NJ 07882
      View Details
    • $800 /Mo

      Renovated Private Office in Washington

      Recently renovated private office with shared amenities in a prime location.
      2 W Washington Ave, Washington, NJ 07882
      View Details
    • $800 /Mo

      Renovated Private Office for Lease

      Private, renovated office space with shared amenities in prime location.
      2 W Washington Ave, Washington, NJ 07882
      View Details
    • $2,000 /Mo

      Renovated Office Suites in Prime Location

      Recently renovated office suites with shared amenities in a prime location.
      2 W Washington Ave, Washington, NJ 07882
      View Details
    • Contact for pricing
      13,000 SF

      Medical Office Space Available

      Medical office space for rent undergoing interior and exterior renovations.
      517 Nj-57, Washington, NJ
      View Details
    • $1,850 /Mo
      1,120 SF

      Prime Commercial Space For Lease

      Highly visible commercial space suitable for retail or service businesses.
      10 E Washington Ave, Washington, NJ 07882
      View Details

    FAQs

    What type of property is this?
    Land - Two-acre commercial land lease, ideal location.
    Where is this land located?
    The property is located at 226 Nj-31 Washington, NJ.
    What is the lease rate?
    The lease rate is $30,000.
    What are key features of this property?
    This property features: Two-acre commercial land parcel in Washington, NJ, directly on Route 31, offering high visibility and easy access.; Zoned GC (General Commercial), allowing diverse uses including self-storage, restaurants, and retail. Detailed permitted use list available.; Single-tenant land lease opportunity in the Hackettstown submarket, boasting strong demographics and commercial activity.
    (908) 454-1717 Call to check price and availability
    Request Owner's contact information
    226 Nj-31 Washington, NJ 07882
    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.
    226 Nj-31
    Washington, NJ 07882
    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
    226 Nj-31 Washington, NJ 07882
    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!
    Contact for Pricing
    Please call us for current price
    and status of this listing Michael Del Cioppo
    Michael Del Cioppo
    Real Estate License ID: 1537096
    (908) 454-1717 (908) 777-0599
    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!