161 Washington Vly Rd Warren, NJ 07059-7176
Property profile & analytics
161 Washington Vly Rd Warren, NJ 07059-7176
- Office properties & Spaces
- 0.05 lot acres
Property ID
US59-3058633
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
Location Intelligence
Current Use by Public Records
- Ronald J Nelson Esq., PC / Law Firm
- Vincent F Colon MD Child / Physician
- Nagarakanti Rangadham MD / Physician
- Cardiac Electrophysiology: Saksena Sanjeev MD / Physician
- The Solutions Group / Advertising Agency / Marketing & Advertising
Property Details for 161 Washington Vly Rd
- Lot size
- 0.05 lot acres
- Zone code
- BR40
- Property type
- Office properties & Spaces
- APN
- 20 00075-0000-00208-0000-CONDO
- APU
- 20000750000002080000CONDO
Description
This meticulously maintained 4,100+/- square foot Class B medical office condo in Warren, NJ, presents a unique owner-user opportunity. Located at 161 Washington Valley Rd, 07059, this single-unit building, constructed in 1990, boasts 100% occupancy and is situated in a highly desirable location. The property is zoned BR 40 and offers convenient access to major roadways, including Routes 78 and 22. Its proximity to an Acme-anchored shopping center, diverse restaurants, and other amenities enhances its appeal. The building features a recently updated HVAC system, water heater, furnace, and roof (all within the last three years). The asking price is $799,500, translating to $195 per square foot. The space is currently utilized as a medical office, but professional office use is also permitted. Furthermore, the property is divisible into two separate office units, offering flexibility for future expansion or multi-tenant occupancy. The seller is open to leasing back approximately half the space for 18 months at a net-net-net (NNN) rent of $24.00 per square foot, providing a potential income stream for the buyer. This exceptional property offers a blend of immediate occupancy and long-term investment potential in a thriving commercial area.
Value Estimations
based on Realmo’s proprietary methodology
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AI approach
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CAP approach
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Comparable approach
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Alternative Use
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Location Insight
- Map
- Local Demand
- City
- Warren
- County
- Somerset
- State
- New Jersey
- Longitude
- -74.4984
- Latitude
- 40.6138
- CBSA code
- 35620
- CBSA name
- NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$9,806
$198,000
$308,000
$506,000
-
$198,000
$308,000
$506,000
