Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings

    408 Us Highway 206 Hillsborough, NJ 8844

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Lease
    $7,100 /Mo

    Office building for lease in Hillsborough, New Jersey.

    Type:Commercial
    Property size:
    2,824 SF
    Lot size:
    0.50 Acres
    Added:
    Jan 22, 2026
    Days on Market:
    70
    Last Refresh:
    Mar 25 at 9:29 pm

    Property Features for 408 Us Highway 206

    General Information

    Standard status
    Active
    Size
    2,824 SF
    Lot size
    0.50 Acres
    Property subtype
    Commercial

    Building Details

    Year Built
    1958

    We can help!

    Listing Contact
    JOHN KANABAY

    Listing agent JOHN KANABAY

    Listing office WEICHERT REALTORS

    Listing date Jan 22, 2026

    Source Corcoran

    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 WEICHERT REALTORS

    Overview

    Hillsborough Office Building For Lease

    This 2,824 square foot office building is available for lease. The lease is structured as gross, with the landlord covering taxes, structural maintenance, and lawn service. The tenant is responsible for utilities, HVAC maintenance, interior upkeep, trash removal, and snow removal. The landlord, who operates a wealth management firm, is open to partnering with businesses such as CPA or attorney offices, and other professional businesses with existing clients, potentially offering rent reductions.
    Location Intelligence

    Current Use by Public Records

    Office buildings

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Hillsborough
    County
    Somerset
    State
    New Jersey
    Longitude
    -74.6412
    Latitude
    40.5069

    Nearby Similar for Lease

    • Contact for pricing

      Boutique Professional Office Space

      860 SF office condo in Hillsborough Twp., NJ for rent.
      491 Amwell Rd, Hillsborough Twp., NJ 08844-3407
      View Details
    • Contact for pricing

      Hillsborough Twp. Commercial Space For Rent

      Versatile commercial space suitable for retail, office, or restaurant use.
      340 S Branch Rd. Suite 400, Hillsborough Twp., NJ 08844-3431
      View Details
    • Contact for pricing

      Mixed-Use Building with Highway Frontage

      Mixed-use building with highway frontage, suitable for retail or office.
      718 Us Highway 206, Hillsborough Twp., NJ 08844
      View Details
    • Contact for pricing

      Renovated Commercial Space on Route 206

      Versatile, renovated commercial space suitable for various businesses.
      170 Township Line Rd, Hillsborough Twp., NJ 08844
      View Details
    • Contact for pricing

      Hillsborough Twp. Commercial Office Space

      Professional office space available for rent in Hillsborough Twp., NJ.
      349 Us Highway 206 Ste G, Hillsborough Twp., NJ 08844-4667
      View Details
    • Contact for pricing

      Hillsborough Office Space Available

      863 sq ft office space for small teams.
      349 Us Highway 206 Ste D, Hillsborough Twp., NJ 08844-4667
      View Details
    • Contact for pricing

      Modern Office Building on Highway

      Brand new commercial office building in prime location with ample parking.
      668 Us Highway 206, Hillsborough Twp., NJ 08844-1511
      View Details
    • Contact for pricing

      Versatile 2200 SF Office Space

      2200 SF office space with multiple rooms, available 2025.
      856 Us Highway 206, Hillsborough Twp., NJ 08844
      View Details
    • Contact for pricing

      Well-Maintained Office Space Available

      550 SF office space with utilities included for rent.
      485 Amwell Rd, Hillsborough Twp., NJ 08844
      View Details
    • Contact for pricing

      Hillsborough Retail Space Available

      34,000 SF retail space for lease in Hillsborough, NJ.
      111 Raider Blvd, Hillsborough, NJ
      View Details
    • Contact for pricing

      Hillsborough Maintenance Facility with Acreage

      Maintenance facility with ample parking and convenient highway access.
      25 Old Camplain Rd, Hillsborough, NJ
      View Details
    • Contact for pricing

      Highway 206 Retail Space Available

      Retail space in a high-traffic shopping center on Highway 206.
      256 US-206, Hillsborough Township, NJ 08844
      View Details

    FAQs

    What type of property is this?
    Office building - Office building for lease in Hillsborough, New Jersey.
    Where is this office building located?
    The property is located at 408 Us Highway 206 Hillsborough, NJ.
    What is the lease rate?
    The lease rate is $7,100 /Mo.
    What are key features of this property?
    This property features: Gross Lease: Landlord covers taxes, structural maintenance, and lawn service.; Partnership Opportunity: Rent reductions available for businesses that can partner with the Landlord's Wealth Management Firm.; Potential for Free Rent: Partnership opportunities may lead to significantly reduced or free rent.
    (609) 921-1900
    We can help!
    Listing Contact
    JOHN KANABAY
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!