Freestanding Office
For Sale
Contact for pricing
716 Us Highway 206, Hillsborough, NJ 08844
The interior includes private offices, conference rooms, and an open area, with potential for a two-suite configuration.
Property Size4,207 SF
Price / SF$2.08
Days on Market19
Property Features for 716 Us Highway 206
General Information
Standard status
Active
Size
4,207 SF
Property subtype
Commercial
Additional Details
Road Access
Yes
Building Details
Buildings
1
Building Size
4,207 SF
Listing Agency:
FIRST NEW JERSEY R.E. NETWORK
Listed By:
ROBERT D. BERLANT 908-756-7373
(908) 704-1235
Source:
Brentsellsnj
Added: Oct 14
Changed: Nov 1
Last Checked: Nov 1 at 5:48AM
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 FIRST NEW JERSEY R.E. NETWORK
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 4,207-square-foot freestanding office building contains private offices, conference rooms, and an open area. The existing layout can be divided into two units, subject to the landlord’s consideration.
The property is at a traffic-light intersection on US Highway 206 in Hillsborough Township, New Jersey.
The property is at a traffic-light intersection on US Highway 206 in Hillsborough Township, New Jersey.
Key Highlights
- 4,207‑square‑foot freestanding office building
- Private offices, conference rooms, and an open area
- Potential to divide the building into two units
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$64,367
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,287,340
$1.3M
Cap Rate 7%
$919,529
$919.5K
Cap Rate 9%
$715,189
$715.2K
Market Conditions
NOI Build-Up for 4,207 SF
Gross rent
$126.2K $30.00/SF
− Vacancy
−$40.4K −$9.60/SF
EGI
$85.8K $20.40/SF
− OpEx
−$21.5K −$5.10/SF
NOI
$64.4K $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%
$1,287,340
Cap Rate 7%
$919,529
Cap Rate 9%
$715,189
Alternative Uses
Best Use
Office B
$919.5K
$804.6K – $1.07M
NOI $64,367 @ 7.0% cap · market cap 734.36%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.10M
$961.2K – $1.28M
NOI $76,897 @ 7.0% cap · market cap 877.32%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,011
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 building - The interior includes private offices, conference rooms, and an open area, with potential for a two-suite configuration.
Where is this office building located?
The property is located at 716 Us Highway 206 Hillsborough, NJ.
What are key features of this property?
This property features: 4,207‑square‑foot freestanding office building; Private offices, conference rooms, and an open area; Potential to divide the building into two units
