Professional Office
For Sale
Contact for pricing
349 Us Highway 206 Ste D, Hillsborough, NJ 08844
Climate-controlled office space with dedicated on-site parking for professional business use.
Property Size863 SF
Price / SF$1.16
Days on Market88
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Property Features for 349 Us Highway 206 Ste D
General Information
Standard status
Active
Size
863 SF
Amenities
central air conditioning and heating
on-site parking
Building Details
Year Built
1979
Listing Agency:
K T REALTY
Listed By:
KETAN THAKKER
(908) 462-2234
Source:
Thebansalteam
Added: Jul 20
Changed: Oct 11
Last Checked: Oct 7 at 5:09PM
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 K T REALTY
Investment Insights
Based on property information with market context.
This 863-square-foot office unit at 349 US Highway 206, Suite D, provides a compact setting for professional business operations. Central air conditioning and heating support year-round indoor comfort, while on-site parking adds convenience for occupants and visitors.
The property was built in 1979 and is situated in Hillsborough Township, New Jersey. The space is suited to professional office uses such as law, accounting, and consulting practices.
The property was built in 1979 and is situated in Hillsborough Township, New Jersey. The space is suited to professional office uses such as law, accounting, and consulting practices.
Key Highlights
- 863 SF office unit
- Central air conditioning and heating
- On‑site parking
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$13,204
Suggested Prices Based on Cap Rates
Cap Rate 5%
$264,080
$264.1K
Cap Rate 7%
$188,629
$188.6K
Cap Rate 9%
$146,711
$146.7K
Market Conditions
NOI Build-Up for 863 SF
Gross rent
$25.9K $30.00/SF
− Vacancy
−$8.3K −$9.60/SF
EGI
$17.6K $20.40/SF
− OpEx
−$4.4K −$5.10/SF
NOI
$13.2K $15.30/SF
Area
Somerset County, NJ
Vacancy
32.00%
Lease Rate
$30.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$264,080
Cap Rate 7%
$188,629
Cap Rate 9%
$146,711
Alternative Uses
Best Use
Office B
$188.6K
$165.1K – $220.1K
NOI $13,204 @ 7.0% cap · market cap 1,320.40%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$225.3K
$197.2K – $262.9K
NOI $15,774 @ 7.0% cap · market cap 1,577.40%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
528
Businesses Nearby
Explore this area
Business Placement
Demographics for 08844, NJ
43,333
Population
16,168
Households
2.7
Avg Household Size
42
Median Age
62%
College-Educated
96%
High-School Grad
55.2 sq mi
ZIP Area
785
Density / Sq Mi
$153,785
Median Household Income
$74,977
Median Earnings
$2,171
Median Rent
$537,300
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Northeast region
Frequently Asked Questions
What type of property is this?
Office units - Climate-controlled office space with dedicated on-site parking for professional business use.
Where is this office units located?
The property is located at 349 Us Highway 206 Ste D Hillsborough, NJ.
What are key features of this property?
This property features: 863 SF office unit; Central air conditioning and heating; On‑site parking
