Sign Up Successful!
You now have access to more from Realmo!
    For Lease
    • 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

    349 Us Hwy 206, Unit D Hillsborough, NJ 08844

    Sponsored
    For Lease
    $1,000 /Mo

    Commercial - Hillsborough Twp., NJ

    Lot size:
    2.37 Acres
    Days on Market:
    43
    Last Refresh:
    Feb 3 at 3:06 pm

    Property Features for 349 Us Hwy 206

    General Information

    Property type
    Commercial Lease
    Property subtype
    Other
    Standard status
    Active
    Zoning
    Commercial
    Parking features
    Parking Lot
    Lot size
    2.37 Acres

    Utilities

    Cooling system
    Central Air

    Building Details

    Year built
    1979
    Building materials
    Vinyl Siding
    Roof type
    Asphalt, Shingle
    Architectural style
    Other

    We can help!

    Listing Contact
    KETAN THAKKER

    K. T. REALTY (908) 462-2234

    Listing agent KETAN THAKKER (908) 462-2234

    Listing date Dec 23, 2025

    MLS# 3938039 Listing URL

    Copyright © 2026 Garden State MLS, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Overview

    Hillsborough Office Space Available

    This commercial space in Hillsborough Twp., NJ, offers 863 sq. ft. of office space suitable for small teams, startups, or professionals. The property is zoned for commercial use and features central air conditioning and heating. On-site parking is available. The location is suitable for professional offices such as law firms, accounting, or consulting businesses. The lot size is 2.37 acres. Tenants are responsible for a $150 payment towards water and sewer, in addition to sewer and water costs.
    Location Intelligence

    Current Use by Public Records

    Office space

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Daycare Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Hillsborough
    County
    Somerset
    State
    New Jersey
    Longitude
    -74.63176
    Latitude
    40.51234

    Nearby Similar for Lease

    • Contact for pricing
      8,000 SF

      Modern Office Building on Highway

      Brand new commercial office building in prime location with ample parking.
      668 Us Hwy 206, Hillsborough, NJ 08844
      View Details
    • Contact for pricing
      8,000 SF

      Hillsborough Twp. Office Space Available

      New 875 SF office space in prime location for rent.
      668 Us Hwy 206, Hillsborough, NJ 08844
      View Details
    • $2,000 /Mo
      103,237 SF

      Hillsborough Twp. Commercial Office Space

      Professional office space available for rent in Hillsborough Twp., NJ.
      349 Us Hwy 206, Hillsborough, NJ 08844
      View Details
    • $2,999 /Mo
      9,600 SF

      Hillsborough Twp. Commercial Space For Rent

      Versatile commercial space suitable for retail, office, or restaurant use.
      340 S Br Rd, Hillsborough, NJ 08844
      View Details
    • Contact for pricing
      1,432 SF

      Renovated Retail, Office, Medical Space

      Built-to-suit space in Hillsborough, near Princeton and Somerville.
      450 Amwell Rd, Hillsborough, NJ 08844
      View Details
    • $4,500 /Mo

      Renovated Commercial Space on Route 206

      Versatile, renovated commercial space suitable for office, educational, or service use.
      170 Township Line Rd, Hillsborough, NJ 08844
      View Details
    • Contact for pricing
      4,330 SF

      Hillsborough Retail Corridor Redevelopment Opportunity

      Former bank building or redevelopment site in high-traffic retail corridor.
      425 Us Hwy, Hillsborough, NJ
      View Details
    • $3,000 /Mo

      Retail/Office Space For Lease

      Highway frontage retail/office space available for lease.
      718 Us Hwy, Hillsborough, NJ 08844
      View Details
    • Contact for pricing

      End Cap Retail Suite

      2160 SF end cap suite, former bank location.
      1 New Amwell Rd, Hillsborough, NJ 08844
      View Details
    • Contact for pricing
      10,000 SF

      Hillsborough Maintenance Facility with Acreage

      Maintenance facility with ample parking and convenient highway access.
      25 Old Camplain Rd, Hillsborough, NJ 08844
      View Details
    • $1,200 /Mo

      Well-Maintained Office Space Available

      550 SF office space with utilities included for rent.
      485 Amwell Rd, Hillsborough, NJ 08844
      View Details
    • Contact for pricing
      2,327 SF

      Retail Space on Route 206

      Retail space available on Route 206 with high traffic.
      649 Us-206, Hillsborough, NJ
      View Details

    FAQs

    What type of property is this?
    Office space - 863 sq ft office space for small teams.
    Where is this office space located?
    The property is located at 349 Us Hwy 206, Unit D Hillsborough, NJ.
    What is the lease rate?
    The lease rate is $0.12 SF/Yr.
    What are key features of this property?
    This property features: - Ideal 863 sq. ft. office space, perfect for small teams, startups, or professionals.; - Central air conditioning and heating for year-round comfort.; - On-site parking available.
    (908) 462-2234
    Request Owner's contact information
    349 Us Hwy 206, Unit D Hillsborough, NJ 08844
    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.
    349 Us Hwy 206, Unit D
    Hillsborough, NJ 08844
    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
    349 Us Hwy 206, Unit D Hillsborough, NJ 08844
    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

    We can help!
    Listing Contact
    KETAN THAKKER
    (908) 462-2234
    Learn more
    Google sign-in failed. Please try again or use another login method.