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

    177 Washington Valley Rd Warren, NJ 07059

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

    Warren, NJ Medical Office Suites Available

    Lot size:
    101,706 SF

    Property Features for 177 Washington Valley Rd

    General Information

    Property type
    Lifestyle centers
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    101,706 SF

    Spaces For Lease

    at 177 Washington Valley Rd, Warren, NJ 07059 Contact us

    We can help!

    Listing Contact
    Brian Battista
    Brian Battista

    Listing Agency: Jeffery Realty Listing Agent: Brian Battista

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

    Learn more

    Property Insight Report

    Overview

    This exceptional 101,706 square foot medical office and retail property, located at 177 Washington Valley Road in Warren, New Jersey (Somerset County, zip code 07059), presents a unique investment opportunity. The property, known as Pheasant Run Plaza, sits on a generous 14.86-acre lot and offers ample parking with 544 spaces. The building is comprised of four suites, with a total of 101,706 square feet, currently featuring 8,400 square feet of vacant space available for lease. The minimum leasable space is 1,600 square feet, while the maximum contiguous space available is 3,200 square feet. The property's diverse tenant mix includes medical offices, anchored retail, a shopping center, food establishments, specialty fitness centers, and general retail businesses, creating a vibrant and thriving commercial environment. This prime location in Warren, NJ offers excellent visibility and accessibility, making it an ideal location for a variety of businesses. The property's versatile layout and ample parking make it an attractive option for businesses seeking a well-established and convenient location. Contact us today to learn more about this exceptional opportunity.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    A & G Italian Fine ... Food Market Pro Nails Nail Salon Coinstar Kiosk | Bitcoin ... Atm Orangetheory Fitness Gym & Fitness Center Jade Garden Chinese ... Restaurant

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Warren
    County
    Somerset
    State
    New Jersey
    Longitude
    -74.4973075
    Latitude
    40.6148814

    Nearby Similar for Lease

    • New
      $600 /Mo

      Office Space in Warren Twp.

      Office space for lease in a convenient, private location.
      60 Mountain Blvd, Warren, NJ 07059
      View Details
    • Sponsored
      Contact for pricing

      NJ, Warren - Mountain Blvd

      Discover many ways to work your way in San Antonio Airport
      55 Mtn Blvd. 2, Warren, NJ 07059
      View Details
    • $2,200 /Mo

      Bright Office Space Near Downtown

      Move-in ready office space with five private offices.
      172 Washington Valley Rd, Warren, NJ 07059
      View Details
    • Contact for pricing
      1,720 SF

      Retail Space in Warren Center

      Retail space available in Warren's central business district.
      Mount Bethel Rd, Warren, NJ 07059
      View Details
    • Contact for pricing
      14,541 SF

      Class A Office Space Available

      Office space for lease in Warren, New Jersey.
      30 Independence Blvd, Warren, NJ 07059
      View Details
    • Contact for pricing
      31,125 SF

      Warren Office Space Available

      31,125 square foot office space for rent.
      10 Independence Blvd, Warren, NJ 07059
      View Details
    • $2,760 /Mo

      Warren Township Office Space Available

      Professional office building in desirable Warren Township location for rent.
      513 Warrenville Rd, Warren, NJ 07059
      View Details
    • Contact for pricing
      2,100 SF

      Warren Office Suites For Lease

      Office suites for lease in Warren's business hub.
      37 Mountain Blvd, Warren, NJ 07059
      View Details
    • Contact for pricing
      35,217 SF

      Four-Story Office Building For Rent

      120,528-SF office building on 10.3 acres available for rent.
      20 Independence Blvd, Warren, NJ 07059
      View Details
    • Contact for pricing
      4,781 SF

      Class A Office Space Available

      Class A office space for rent in Warren, NJ.
      25 Independence Blvd, Warren, NJ 07059
      View Details
    • $2,400 /Mo
      24,600 SF

      Retail Space in Village Square

      Retail store in Warren Township's Village Square Mall.
      41 Mountain Blvd, Warren, NJ 07059
      View Details
    • Contact for pricing
      72,000 SF

      Laboratory and Office Space Available

      72,000 SF Warren property with lab and office spaces.
      33 Technology Dr S, Warren, NJ 07059
      View Details

    FAQs

    What type of property is this?
    Lifestyle center - Warren, NJ Medical Office Suites Available
    Where is this lifestyle center located?
    The property is located at 177 Washington Valley Rd Warren, NJ.
    What are key features of this property?
    This property features: Acme and Walgreens anchor tenants.; Ideal for food, medical, fitness, and general retail uses.; Ample parking available.
    Request Owner's contact information
    177 Washington Valley Rd Warren, NJ 07059
    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.
    177 Washington Valley Rd
    Warren, NJ 07059
    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
    177 Washington Valley Rd Warren, NJ 07059
    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 Brian Battista
    Brian Battista
    Real Estate License ID: 0898616
    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!