Mixed-Use Retail-Industrial Office
230 US Highway 206 Hillsborough, NJ 08844
230 US Highway 206, Hillsborough, NJ, 08844
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For Sale
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Single-tenant mixed-use property with retail, industrial, office, and storage space under C1 Neighborhood Shopping District zoning.
Property Size19,644 SF
Price / SF$198.53
Days on Market115
Property Features for 230 US Highway 206
General Information
- Standard status
- Active
- Size
- 19,644 SF
- Property subtype
- Retail
Listing agency
Coldwell Banker Commercial
(908) 874-8421
Listed by
Kenneth Worden · License #NJ
Source
Crexi
Added: Mar 31 Updated: Jul 22 at 1:11PM Checked: Jul 22 at 1:11PM
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 Coldwell Banker Commercial
Investment Insights
Based on property information with market context.
The property is a single-tenant, mixed-use asset combining retail, industrial, office, and storage space. On-site operations are currently occupied by United Rent All, the owner’s business, providing an owner/user opportunity with an existing tenant in place.
Permitted uses include convenience stores, retail, office, and showroom/storage space, among others, under C1 Neighborhood Shopping District zoning. The property is located at 230 US Highway 206 in Hillsborough, NJ, offering commercial presence along a highly traveled corridor.
The overall configuration is designed to accommodate multiple function types within one property, with retail and industrial components alongside office and storage areas.
Permitted uses include convenience stores, retail, office, and showroom/storage space, among others, under C1 Neighborhood Shopping District zoning. The property is located at 230 US Highway 206 in Hillsborough, NJ, offering commercial presence along a highly traveled corridor.
The overall configuration is designed to accommodate multiple function types within one property, with retail and industrial components alongside office and storage areas.
Key Highlights
- Single‑tenant mixed‑use property in Hillsborough, NJ with retail, industrial, office, and storage space
- C1 Neighborhood Shopping District zoning with permitted uses including convenience stores, retail, and office
- Permitted uses also include showroom/storage space, according to the listing details
Local Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $589.3k | $30.00 |
| − Vacancy | −$188.6k | −$9.60 |
| EGI | $400.7k | $20.40 |
| − OpEx | −$100.2k | −$5.10 |
| NOI | $300.6k | $15.30 |
19,644 SF · lease $30.00/SF/yr · vacancy 32.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$4.29M
$3.76M – $5.01M
NOI $300,553 @ 7.0% cap · market cap 7.71%
Second Best
Flex RnD
$4.21M
$3.68M – $4.91M
NOI $294,740 @ 7.0% cap · market cap 7.56%
Theoretical Best
Office A
$5.13M
$4.49M – $5.98M
NOI $359,061 @ 7.0% cap · market cap 9.21%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Flex space
Similar For Sale Nearby
Similar Off Market Nearby
- Just Add Water — 2230 Camplain Rd, Hillsborough Township, NJ 08844
FAQs
What type of property is this?
Flex space - Single-tenant mixed-use property with retail, industrial, office, and storage space under C1 Neighborhood Shopping District zoning.
Where is this flex space located?
The property is located at 230 US Highway 206 Hillsborough, NJ.
What is the asking price?
The asking price for this property is $3,900,000.
What are key features of this property?
This property features: Single‑tenant mixed‑use property in Hillsborough, NJ with retail, industrial, office, and storage space; C1 Neighborhood Shopping District zoning with permitted uses including convenience stores, retail, and office; Permitted uses also include showroom/storage space, according to the listing details
