Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    177 Washington Valley Rd Warren, NJ 07059

    Property Lookup

    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    177 Washington Valley Rd Warren, NJ 07059

    View on Map
    • Super regional malls
    • 13.83 lot acres
    For Lease
    $610,000
    View Listing →
    Retail Space For Lease For Lease
    $610,000

    Retail Space For Lease

    Retail space available for lease in Warren, New Jersey.

    177 Washington Valley Rd, Warren, NJ 7059
    View Listing
    Property ID
    US59-0238609
    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.
    Value Estimations
    $610,000
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • A & G Italian Fine Foods / Food Market / Restaurant
    • Pro Nails / Nail Salon
    • Coinstar Kiosk | Bitcoin ATM / Atm / Currency Exchange Service
    • Orangetheory Fitness / Gym & Fitness Center
    • Jade Garden Chinese restaurant / Restaurant

    Property Details for 177 Washington Valley Rd

    Construction
    CONCRETE BLOCKS
    Lot size
    13.83 lot acres
    Zone code
    CB
    Property type
    Super regional malls
    Property subtype
    Shopping centers
    APN
    20 00075-0000-00003- 03
    APU
    200007500000000303

    Description

    This exceptional 101,706 square foot medical office and retail property, located at 177 Washington Valley Road in Warren, New Jersey (Somerset County, zip code 07059), presents a unique investment opportunity. The property, known as Pheasant Run Plaza, sits on a generous 14.86-acre lot and offers ample parking with 544 spaces. The building is comprised of four suites, with a total of 101,706 square feet, currently featuring 8,400 square feet of vacant space available for lease. The minimum leasable space is 1,600 square feet, while the maximum contiguous space available is 3,200 square feet. The property's diverse tenant mix includes medical offices, anchored retail, a shopping center, food establishments, specialty fitness centers, and general retail businesses, creating a vibrant and thriving commercial environment. This prime location in Warren, NJ offers excellent visibility and accessibility, making it an ideal location for a variety of businesses. The property's versatile layout and ample parking make it an attractive option for businesses seeking a well-established and convenient location. Contact us today to learn more about this exceptional opportunity.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $610,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Warren
    County
    Somerset
    State
    New Jersey
    Longitude
    -74.4966
    Latitude
    40.6153
    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
    2022
    $326,464
    $5,927,500
    $11,192,500
    $17,120,000
    -
    $5,927,500
    $11,192,500
    $17,120,000

    Comparable in this City

    • Value Estimation by Request

      10 Community Pl

      Neighborhood centers
      10 Community Pl, Warren, NJ 07059
      View Details
    • Value Estimation by Request
      7,424 SF

      2 North Rd

      Office properties & Spaces • 7,424 SF
      2 North Rd, Warren, NJ 07059
      View Details
    • Value Estimation by Request
      2.70 Acres

      258 King George Rd

      COMMERCIAL (GENERAL) • 2.70 Acres
      258 King George Rd, Warren, NJ 07059-5178
      View Details
    • Value Estimation by Request
      3.55 Acres

      46 Liberty Cor Rd

      COMMERCIAL (GENERAL) • 3.55 Acres
      46 Liberty Cor Rd, Warren, NJ 07059
      View Details
    • Value Estimation by Request
      0.94 Acres

      126 Mt Bethel Rd

      COMMERCIAL (GENERAL) • 0.94 Acres
      126 Mt Bethel Rd, Warren, NJ 07059-5129
      View Details
    • Value Estimation by Request
      1.77 Acres

      156 Mt Bethel Rd

      INDUSTRIAL (GENERAL) • 1.77 Acres
      156 Mt Bethel Rd, Warren, NJ 07059-5147
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      2.99 Acres

      Retail Space in Village Square

      1,000 SF retail store in desirable Warren Township, NJ.
      41 Mountain Blvd, Warren, NJ 07059
      View Details
    • $4,000,000
      14,500 SF

      Fully Occupied Warren Township Building

      14,500 SF building 100% occupied by schools.
      258 King George Rd, Warren, NJ 07059
      View Details
    • $495,000
      3,000 SF

      Spacious Office Building in Warrenville

      Large office building with potential for separation and expansion.
      31 Mountain Blvd, Warren, NJ 07059
      View Details
    • $429,000
      3,000 SF

      Updated Medical/Professional Condo For Sale

      1,500 sq ft condo with 1,500 sq ft basement.
      27 Mountain Blvd, Warren, NJ 07059
      View Details
    • Contact for pricing
      11,888 SF

      Industrial/Office/Flex Space Available

      11,888 SF industrial/office/flex space for sale.
      6 Powderhorn Dr, Warren, NJ 07059
      View Details
    • New
      $928,000
      1.01 Acres

      Luxury Homesite in Apogee Pointe

      One-acre homesite in a luxury Green Brook Township subdivision.
      1 Juniper Pointe Trl, Warren, NJ 07059
      View Details

    Similar Nearby for Lease

    • $2,400 /Mo
      24,600 SF

      Retail Space in Village Square

      Retail store in Warren Township's Village Square Mall.
      41 Mountain Blvd, Warren, NJ 07059
      View Details
    • Contact for pricing
      1,720 SF

      Retail Space in Warren Center

      Retail space available in Warren's central business district.
      64 Mount Bethel Rd, Warren, NJ 07059
      View Details
    • Contact for pricing

      Retail Space For Lease

      Retail space available for lease in Warren, New Jersey.
      177 Washington Valley Rd, Warren, NJ 07059
      View Details
    • Contact for pricing
      5,800 SF

      Class A Office Space Available

      Class A office space for rent in Warren, NJ.
      25 Independence Blvd, Warren, NJ 07059
      View Details
    View Listing
    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.
    177 Washington Valley Rd
    Warren, NJ 07059
    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.
    Sign Up Successful!
    You now have access to more from Realmo!