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Property profile & analytics
OFF-MARKET
Office Spaces

161 Washington Vly Rd Warren, NJ 07059-7176

0.05 ac lot
Entity Owned 21-yr Hold Absentee Owner ~ Est. High Equity
Property ID
US59-3058633
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
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · 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
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
by Request
Owner & transaction history
Wfd Realty LLC · 21 yrs held
Wfd Realty LLC
since 2005
1 recorded transaction
2005
$660,000
Zoning & alternative use
BR40 · Warren, NJ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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