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    The Largest CRE Database in the US with Over 1 Million Listings

    1250 Us Highway 22 Phillipsburg, NJ 08865

    Sponsored
    For Lease
    Contact for pricing

    Prime Phillipsburg Retail, Multiple Units Available

    Lot size:
    537,410 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    407
    Pohatcong Plaza, located at 1250 US-22 in Phillipsburg, New Jersey, presents a significant retail opportunity. This expansive property boasts a total of 537,410 square feet of retail space, currently offering three available units totaling 6,000 square feet. The property is ideally situated in Warren County, easily accessible from US-22, ensuring high visibility and convenient access for customers. Ample parking is provided with 3,099 spaces, guaranteeing convenient parking for patrons and employees. The property's classification as a multi-tenant retail space, specifically catering to restaurants, makes it an attractive option for businesses seeking a vibrant and established commercial environment. The property's location in Phillipsburg, NJ, zip code 08865, offers access to a substantial consumer base. This is a rare opportunity to secure prime retail space in a well-established and highly visible location. The available units are perfect for restaurants or similar businesses seeking a strong foothold in a thriving market. Interested parties are encouraged to inquire for further details and leasing information. The property is currently available for lease.

    Property Features for 1250 Us Highway 22

    General Information

    Property type
    Restaurants
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    537,410 SF

    Unit(s) available at that property

    Space
    Pad A - Phase I
    Size
    6,000 SF
    Space
    Pad E - Phase I
    Size
    6,000 SF
    Space
    Pad F- Phase II
    Size
    6,000 SF

    We can help!

    Listing Contact
    Liam Ackroyd

    Learn more

    HighLights

    • High‑traffic location at the intersection of Route 22 and Saint James Avenue.
    • Route 22 boasts 39,065 vehicles per day.
    • Less than a mile from I‑78 Exit 3.
    • Flexible inline units available, suitable for anchor or junior anchor tenants, divisible as needed.
    • Free‑standing, fully built‑out restaurant spaces with drive‑thru potential available.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Realty agency Building Supply Dental Office Spa & Massage Wholesale Shop Auto Repair Shop Hair Salon Clothing Store Nail Salon

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

    Location Insight

    • Map
    • Local Demand
    City
    Phillipsburg
    County
    Warren
    State
    New Jersey
    Longitude
    -75.1472528
    Latitude
    40.6769238

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    FAQs

    What type of property is this?
    Restaurant - Prime Phillipsburg Retail, Multiple Units Available
    Where is this restaurant located?
    The property is located at 1250 Us Highway 22 Phillipsburg, NJ.
    What are key features of this property?
    This property features: High-traffic location at the intersection of Route 22 and Saint James Avenue.; Route 22 boasts 39,065 vehicles per day.; Less than a mile from I-78 Exit 3.
    Request Owner's contact information
    1250 Us Highway 22 Phillipsburg, NJ 08865
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    Phillipsburg, NJ 08865
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    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
    1250 Us Highway 22 Phillipsburg, NJ 08865
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    We can help!
    Listing Contact
    Liam Ackroyd
    Real Estate License ID: NY
    Learn more
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