Professional Office
For Sale
$959,000
408 US HIGHWAY 206 Unit NA, Hillsborough, NJ 08844
Single-tenant-style office building offered for sale or lease with a modified gross expense structure.
Property Size2,824 SF
Price / SF$339.59
Days on Market68
Property Features for 408 US HIGHWAY 206 Unit NA
General Information
Standard status
Active
Size
2,824 SF
Property subtype
General Commercial
Building Details
Year Built
1958
Listing Agency:
WEICHERT REALTORS
(732) 710-0180
Listed By:
JOHN KANABAY
(732) 710-0180
Source:
Xome
Added: May 27
Changed: Jul 10
Last Checked: Jun 15 at 6:20AM
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
Investment Insights
Based on property information with market context.
This professional office building is being marketed for sale or for a lease of the entire property. The space is configured for office use, supporting businesses such as CPA and attorney offices and other professional practices that serve existing clients.
The offering includes a modified gross lease structure. Under the terms presented, the landlord is responsible for taxes, structural items, and lawn service, while the tenant is responsible for utilities, HVACs, interior maintenance, trash, and snow removal.
The current operating model also contemplates partnerships with the landlord’s wealth management business. Tenant relationships may be structured to include rent reductions for qualifying professional users, providing a pathway for compatible businesses to collaborate within the building. This makes the property well-suited for professional operators seeking an all-available office facility with clearly defined expense responsibilities under the modified gross framework.
The offering includes a modified gross lease structure. Under the terms presented, the landlord is responsible for taxes, structural items, and lawn service, while the tenant is responsible for utilities, HVACs, interior maintenance, trash, and snow removal.
The current operating model also contemplates partnerships with the landlord’s wealth management business. Tenant relationships may be structured to include rent reductions for qualifying professional users, providing a pathway for compatible businesses to collaborate within the building. This makes the property well-suited for professional operators seeking an all-available office facility with clearly defined expense responsibilities under the modified gross framework.
Key Highlights
- Single‑tenant‑style office building offered for sale or lease as a whole.
- Business zoning; highway access with off‑street parking for 13 vehicles.
- 13 off‑street parking spaces plus storage area with freestanding exterior features.
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 | $84.7k | $30.00 |
| − Vacancy | −$27.1k | −$9.60 |
| EGI | $57.6k | $20.40 |
| − OpEx | −$14.4k | −$5.10 |
| NOI | $43.2k | $15.30 |
2,824 SF · lease $30.00/SF/yr · vacancy 32.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$617.2K
$540.1K – $720.1K
NOI $43,207 @ 7.0% cap · market cap 4.51%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$737.4K
$645.2K – $860.3K
NOI $51,618 @ 7.0% cap · market cap 5.38%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
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
Market
Vacancy Rate% for Office in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office building - Single-tenant-style office building offered for sale or lease with a modified gross expense structure.
Where is this office building located?
The property is located at 408 US HIGHWAY 206 Unit NA Hillsborough, NJ.
What is the asking price?
The asking price for this property is $959,000.
What are key features of this property?
This property features: Single‑tenant‑style office building offered for sale or lease as a whole.; Business zoning; highway access with off‑street parking for 13 vehicles.; 13 off‑street parking spaces plus storage area with freestanding exterior features.
