Remodeled Office
For Sale
$475,000
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$138.48
Days on Market138
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) 298-9888
Listed By:
Kevin Kerins
(609) 903-8131
Source:
Exprealty
Added: May 31
Changed: Oct 15
Last Checked: Oct 14 at 11:55PM
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 / Yr
$30,771
Cap Rate
6.48%
Suggested Prices Based on Cap Rates
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
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 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 6.48%
Second Best
—
—
no second resolved use
Theoretical Best
Warehouse
$7.17M
$6.28M – $8.37M
NOI $502,165 @ 7.0% cap · market cap 105.72%
Zoning and permitted uses should be independently verified with authorities.
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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
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Market
Vacancy Rate% for Office in Northeast region
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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 $475,000.
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
