Technical
Financial
Distress signals
Property profile

161 Washington Vly Rd Warren, NJ 07059

OFF-MARKET
Office Spaces
Property ID
US59-3058633
0.05 ac lot
Entity Owned 21-yr Hold Absentee Owner ~ Est. High Equity
Saved · see the list in your Dashboard

Property summary

AI-generated overview

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.

Property profile

Verified
Property type Office Spaces
Use group CONDOMINIUM OFFICES
Lot 0.05 ac (2,200 SF)
Zoning code BR40
APN 20 00075-0000-00208-0000-CONDO
UPID US59-3058633

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Law Firm
  • Physician
  • Physician
  • Physician
  • Advertising Agency Marketing & Advertising

Location

161 Washington Vly Rd Warren, NJ 07059-7176
Warren metro Census 52203 NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$315k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$315k

Owner & transaction history

since 2005
1 recorded transaction
2005
$660,000

Zoning & alternative use

BR40 · Warren, NJ

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 161 Washington Vly Rd?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
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