Flexible Office and Retail
For Sale
$450,000
400 Us Highway 206, Hillsborough, NJ 08844
Gateway A zoned building offers versatile main-level offices with private offices, two entrances, and basement space.
Property Size1,326 SF
Price / SF$339.37
Days on Market112
Property Features for 400 Us Highway 206
General Information
Standard status
Active
Size
1,326 SF
Building Details
Year Built
1956
Listing Agency:
ERA CENTRAL REALTY GROUP
Listed By:
ROSLYN SIBILIA
(732) 679-2300
Source:
Thebansalteam
Added: Jul 3
Changed: Oct 3
Last Checked: Oct 7 at 3:18PM
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 ERA CENTRAL REALTY GROUP
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Investment Insights
Based on property information with market context.
Gateway A zoned commercial building in a high-traffic area along US Highway 206 in Hillsborough Township, NJ, presenting a flexible land and building opportunity. The main level includes 1,323 square feet of versatile space with open-concept work areas, private offices, and a front reception room that can be divided into separate office suites thanks to two front entrances.
The layout also features a spacious open work area with a kitchen, three private offices, a full bathroom, recessed lighting, and laminate and tile flooring throughout, with hardwood flooring beneath if preferred. A finished basement adds additional space for storage or office use and includes an updated half bath.
A private paved lot provides off-street parking, with PVC fencing offering added privacy and potential for outdoor use. The property includes room to expand the existing building subject to approvals, along with a back shed for additional exterior storage.
The layout also features a spacious open work area with a kitchen, three private offices, a full bathroom, recessed lighting, and laminate and tile flooring throughout, with hardwood flooring beneath if preferred. A finished basement adds additional space for storage or office use and includes an updated half bath.
A private paved lot provides off-street parking, with PVC fencing offering added privacy and potential for outdoor use. The property includes room to expand the existing building subject to approvals, along with a back shed for additional exterior storage.
Key Highlights
- 1956‑built gateway A zoned commercial property on 206 in Hillsborough, offering flexible professional, commercial, or investment use.
- Main level features 1,323 SF of open‑concept work areas plus private offices, a kitchen, and a full bathroom.
- Two front entrances allow the front reception room to be divided into separate office suites.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$20,288
Cap Rate
4.51%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$405,760
$405.8K
Cap Rate 7%
$289,829
$289.8K
Cap Rate 9%
$225,422
$225.4K
Market Conditions
NOI Build-Up for 1,326 SF
Gross rent
$39.8K $30.00/SF
− Vacancy
−$12.7K −$9.60/SF
EGI
$27.1K $20.40/SF
− OpEx
−$6.8K −$5.10/SF
NOI
$20.3K $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%
$405,760
Cap Rate 7%
$289,829
Cap Rate 9%
$225,422
Alternative Uses
Best Use
Office B
$289.8K
$253.6K – $338.1K
NOI $20,288 @ 7.0% cap · market cap 4.51%
Second Best
Healthcare Medical
$282.1K
$246.8K – $329.1K
NOI $19,744 @ 7.0% cap · market cap 4.39%
Theoretical Best
Office A
$346.2K
$303.0K – $404.0K
NOI $24,237 @ 7.0% cap · market cap 5.39%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
789
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
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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 unit - Gateway A zoned building offers versatile main-level offices with private offices, two entrances, and basement space.
Where is this office unit located?
The property is located at 400 Us Highway 206 Hillsborough, NJ.
What is the asking price?
The asking price for this property is $450,000.
What are key features of this property?
This property features: 1956‑built gateway A zoned commercial property on 206 in Hillsborough, offering flexible professional, commercial, or investment use.; Main level features 1,323 SF of open‑concept work areas plus private offices, a kitchen, and a full bathroom.; Two front entrances allow the front reception room to be divided into separate office suites.
