Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • 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
    Property profile & analytics

    76 Route 31 Washington, NJ 07882

    • Office Properties & Spaces
    For Sale
    View listing
    $245,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Office Properties & Spaces

    Property Details for 76 Route 31

    Property type
    Office Properties & Spaces
    Property subtype
    Land

    Description

    This exceptional commercial property, located at 76 Route 31 N in Washington Borough, New Jersey, 07882, presents a unique investment opportunity. Priced at $245,000, this single-story building boasts a versatile layout ideal for mixed-use purposes, thanks to its B1 zoning. The main level features a four-room office suite complete with a hallway and powder room. Descending a short flight of steps, or utilizing a convenient ramp, leads to a substantial lower level. This area comprises approximately 2000 square feet of warehouse/garage space, equipped with ceiling-high racking systems and external access suitable for large delivery trucks. The pre-installed shelving provides immediate functionality. The 0.115-acre lot offers significant potential for expansion or redevelopment. The property is being sold "as-is" and is currently vacant. This prime location on Route 31 North ensures high visibility and accessibility, making it an attractive proposition for a variety of commercial ventures. The property's features, including the office space and extensive warehouse area, provide a blend of functionality and potential for diverse uses. This is a rare opportunity to acquire a well-situated commercial property in a thriving New Jersey community.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Washington
    County
    Warren
    State
    New Jersey
    Longitude
    -74.9764
    Latitude
    40.7626

    Comparable in this City

    • Value Estimation by Request
      12.00 Acres

      246 Nj-31

      Land • 12.00 Acres
      246 Nj-31, Washington, NJ 07882
      View Details
    • Value Estimation by Request
      2.00 Acres

      226 Nj-31

      Land • 2.00 Acres
      226 Nj-31, Washington, NJ 07882
      View Details
    • Value Estimation by Request
      13,000 SF

      525-537 Rte

      Medical offices • 13,000 SF
      525-537 Rte, Washington, NJ 07882
      View Details
    • Value Estimation by Request
      15,300 SF

      525-537 Nj-57

      Medical offices • 15,300 SF
      525-537 Nj-57, Washington, NJ 07882
      View Details
    • Value Estimation
      $515,000
      1.87 Acres

      6 Clb House Dr

      OFFICE BUILDING • 1.87 Acres
      6 Clb House Dr, Washington, NJ 07882-2212
      View Details
    • Value Estimation
      $430,000
      1.33 Acres

      140 Blvd Boulevard

      OFFICE BUILDING • 1.33 Acres
      140 Blvd Boulevard, Washington, NJ 07882-1761
      View Details

    Similar Nearby for Sale

    • $245,000

      Prime Washington Boro Commercial Land

      Route 31 N Office & Warehouse
      76 Route 31, Washington, NJ 07882
      View Details
    • $490,000
      12.00 Acres

      Prime 12-Acre Commercial Land

      Warren County NJ Retail Opportunity
      246 Nj-31, Washington, NJ 07882
      View Details
    • $49,900

      Wooded Land in Highlands Area

      2.3 acres of wooded land in Franklin Township, New Jersey.
      130 Millbrook Rd, Washington, NJ 07882
      View Details
    • $1,100,000

      Executive Office/Healthcare Ready For Sale

      Executive offices, healthcare, and professional services. Convenient location.
      205 Rte, Washington Twp, NJ 07882
      View Details
    • $425,000
      2,307 SF

      Meticulously Maintained Washington Office Building

      Two-level office building with modern updates and off-street parking.
      101 Belvidere Ave, Washington, NJ 07882
      View Details
    • $1,100,000
      1 SF

      Renovated Office Space For Sale

      Meticulously renovated and expanded office space, ideal for various businesses.
      205 Rt 31, Township of Washington, NJ 07882
      View Details

    Similar Nearby for Lease

    • $30,000
      87,120 SF

      Prime Washington, NJ Commercial Land

      Two-acre commercial land lease, ideal location.
      226 Nj-31, 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
    • $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
    • $16 SF/Yr
      106,415 SF

      Hawk Pointe Medical Office Space

      NJ medical & retail space available
      5 Club House Dr, Washington, NJ 07882
      View Details
    • Contact for pricing
      15,300 SF

      Prime Medical Office Building, NJ

      15,300 SF Medical Office - Available Now
      525-537 Nj-57, 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
    Request Owner's contact information
    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.
    76 Route 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
    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

    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.