Remodeled Office
For Sale
$549,000
1060 Us Highway 206, Bordentown, NJ 08505
Updated office space with flexible floor separation, dedicated parking, and room for professional or retail operations.
Property Size3,430 SF
Price / SF$160.06
Days on Market262
Property Features for 1060 Us Highway 206
General Information
Standard status
Active
Size
3,430 SF
Total Parking Spaces
15
Taxes and HOA fees
Annual Taxes
$10,015
Amenities
conference room
kitchen
attic
basement storage
Building Details
Buildings
2
Listing Agency:
Smires & Associates
(609) 903-8131
Listed By:
Kevin Kerins
(609) 903-8131
Source:
Exprealty
Added: Dec 11, 2025
Changed: Aug 29
Last Checked: Aug 29 at 8:43PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Smires & Associates
Investment Insights
Based on property information with market context.
This office complex comprises two buildings totaling 3,430 SF, with nine rooms, three bathrooms, a kitchen, conference room, full attic, and basement storage. Hardwood flooring runs throughout, and the interiors have been updated for contemporary office use. The layout can be separated by floor to accommodate multiple tenants or distinct operating areas.
Positioned along the Route 206 corridor in Bordentown, the property benefits from access for both northbound and southbound travel. The route carries traffic volume of 10k+ cars per day, and the site offers opportunities for road signage. Fifteen parking spaces support the existing configuration, while the property is suited for professional or retail uses.
Positioned along the Route 206 corridor in Bordentown, the property benefits from access for both northbound and southbound travel. The route carries traffic volume of 10k+ cars per day, and the site offers opportunities for road signage. Fifteen parking spaces support the existing configuration, while the property is suited for professional or retail uses.
Key Highlights
- 3,430 SF office complex with two buildings
- Nine rooms, three bathrooms, kitchen, and conference room
- Full attic and basement storage included
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$30,771
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.60%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$615,420
$615.4K
Cap Rate 7%
$439,586
$439.6K
Cap Rate 9%
$341,900
$341.9K
Market Conditions
NOI Build-Up for 3,430 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$46.1K $13.44/SF
− Vacancy
−$5.1K −$1.48/SF
EGI
$41.0K $11.96/SF
− OpEx
−$10.3K −$2.99/SF
NOI
$30.8K $8.97/SF
Area
Burlington County, NJ
Vacancy
11.00%
Lease Rate
$13.44 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$615,420
Cap Rate 7%
$439,586
Cap Rate 9%
$341,900
Alternative Uses
Best Use
Office B
$439.6K
$384.6K – $512.9K
NOI $30,771 @ 7.0% cap · market cap 5.60%
Second Best
—
—
no second resolved use
Theoretical Best
Warehouse
$7.17M
$6.28M – $8.37M
NOI $502,165 @ 7.0% cap · market cap 91.47%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
126
Businesses Nearby
Explore this area
Business Placement
Demographics for 08505, NJ
18,178
Population
7,792
Households
2.3
Avg Household Size
43
Median Age
43%
College-Educated
96%
High-School Grad
22.5 sq mi
ZIP Area
808
Density / Sq Mi
$111,946
Median Household Income
$65,422
Median Earnings
$1,586
Median Rent
$353,200
Median Home Value
Market
Vacancy Rate% for Office in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office building - Updated office space with flexible floor separation, dedicated parking, and room for professional or retail operations.
Where is this office building located?
The property is located at 1060 Us Highway 206 Bordentown, NJ.
What is the asking price?
The asking price for this property is $549,000.
What are key features of this property?
This property features: 3,430 SF office complex with two buildings; Nine rooms, three bathrooms, kitchen, and conference room; Full attic and basement storage included
