Flexible Office and Retail
400 Us Highway 206 Hillsborough, NJ 08844
400 Us Highway 206, Hillsborough, NJ, 08844
$450,000
For Sale
$450,000
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 Market25
Property Features for 400 Us Highway 206
General Information
- Standard status
- Active
- Size
- 1,326 SF
- Property subtype
- Commercial
Building Details
- Year Built
- 1956
Listing agency
ERA CENTRAL REALTY GROUP
(609) 259-0200
Listed by
ROSLYN SIBILIA
Source
Corcoran
Added: Jun 28 Updated: Jul 22 at 1:20PM Checked: Jul 22 at 1:20PM
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
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.
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 | $39.8k | $30.00 |
| − Vacancy | −$12.7k | −$9.60 |
| EGI | $27.1k | $20.40 |
| − OpEx | −$6.8k | −$5.10 |
| NOI | $20.3k | $15.30 |
1,326 SF · lease $30.00/SF/yr · vacancy 32.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$289.8K
$253.6K – $338.1K
NOI $20,288 @ 7.0% cap · market cap 4.51%
Second Best
Specialty Retail
$289.7K
$253.5K – $338.0K
NOI $20,278 @ 7.0% cap · market cap 4.51%
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 local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Office Units
Similar For Sale Nearby
FAQs
What type of property is this?
Office units - Gateway A zoned building offers versatile main-level offices with private offices, two entrances, and basement space.
Where is this office units 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.
