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

    1320-1360 Rte 206 Montgomery, NJ 08558

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

    Prime Retail Space, Multiple Suites Available

    Lot size:
    54,000 SF

    Property Features for 1320-1360 Rte 206

    General Information

    Property type
    Lifestyle centers
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    54,000 SF

    Spaces For Lease

    at 1320-1360 Rte 206, Montgomery, NJ 08558 Contact us

    We can help!

    Listing Contact
    Gregg Medvin
    Gregg Medvin

    Listing Agent: Gregg Medvin

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

    Learn more

    Overview

    This exceptional retail property, located at 1320-1360 Route 206 in Montgomery, New Jersey (08558), offers a unique investment opportunity. The Village Walk at Montgomery shopping center boasts a total of 54,000 square feet of commercial space, currently featuring four suites. A significant portion of the center, totaling 36,242 square feet, is currently vacant and available for lease. This presents a rare chance to establish a presence in a thriving Somerset County location. The flexible space allows for various configurations, with minimum divisible space starting at 5,277 square feet and a maximum contiguous space of 12,298 square feet. The property's mixed-use zoning and strategic location along Route 206 provide excellent visibility and accessibility for businesses seeking high foot traffic. This is an ideal location for retailers seeking to establish a strong presence in a growing market. The property is classified as both commercial and mixed-use, making it suitable for a wide range of businesses. The available space offers significant potential for growth and profitability. Contact us today to learn more about this exciting opportunity to secure prime retail space in a desirable Somerset County location. The property is conveniently located in Montgomery, New Jersey, offering easy access to major transportation routes and a strong local customer base.
    Property Profile Location Intelligence

    Current Use by Public Records

    Lifestyle centers

    Map

    City
    Montgomery
    County
    Somerset
    State
    New Jersey
    Longitude
    -74.649945
    Latitude
    40.4051082

    Nearby Similar for Lease

    • $2,950 /Mo

      Renovated Office Condo in Montgomery

      Updated 1,500 sq. ft. office condo for lease.
      37 Tamarack Cir, Skillman, NJ 08558
      View Details
    • $25 SF/Yr
      2,560 SF

      Skillman Office Space For Rent

      Office space available in Montgomery Township's shopping district.
      1378 Hwy, Skillman, NJ
      View Details
    • Contact for pricing

      New Apartment Rental Community

      New apartment community with 1, 2 & 3-bedroom apartments.
      1377 115, Skillman, NJ 08558
      View Details
    • Contact for pricing
      102,000 SF

      Montgomery Place Retail Center

      Prime NJ Retail Space Available
      & Rt. 206 Bellemead Griggstown Rd, Montgomery, NJ 08502
      View Details
    • $19 SF/Yr
      1 SF

      Route 518 Office Space For Lease

      Prime Somerset County Office Space Available
      378 Co Rd 518, Montgomery, NJ 08558
      View Details
    • Contact for pricing
      4,500 SF

      Route 206 Retail Space For Lease

      Prime Montgomery, NJ Retail Opportunity
      1273 Us Highway 206, Montgomery, NJ 08558
      View Details

    FAQs

    What type of property is this?
    Lifestyle center - Prime Retail Space, Multiple Suites Available
    Where is this lifestyle center located?
    The property is located at 1320-1360 Rte 206 Montgomery, NJ.
    What are key features of this property?
    This property features: Mixed-use redevelopment of Village Shopper Shopping Center, featuring 52 residential units and 54,000 SF of retail, adjacent to a recently completed sister project.; Retail space directly serves a new residential community of 365 homes (single-family, townhomes, condos, and active adult).; Prime location in Montgomery Township's "Downtown" redevelopment area, situated on Route 206, a major thoroughfare leading to Princeton.
    (732) 724-3962 Call to check price and availability
    Request Owner's contact information
    1320-1360 Rte 206 Montgomery, NJ 08558
    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.
    1320-1360 Rte 206
    Montgomery, NJ 08558
    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
    1320-1360 Rte 206 Montgomery, NJ 08558
    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 Gregg Medvin
    Gregg Medvin
    Real Estate License ID: 1223698
    (732) 724-3962
    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!