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

    856 Us Highway 206 Hillsborough, NJ 08844

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Lease
    $3,400 /Mo ($18 SF/Yr)

    2200 SF office space with multiple rooms, available 2025.

    Property size:
    2,200 SF
    Lot size:
    2,200 SF

    Property Features for 856 Us Highway 206

    General Information

    Standard status
    Active
    Size
    2,200 SF

    Building Details

    Year built
    1968

    We can help!

    Listing Contact
    Nicolas J Dimeglio
    Nicolas J Dimeglio
    Source: Corcoran

    Listing Agency: BHHS FOX & ROACH Listing Agent: Nicolas J Dimeglio

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Overview

    Versatile 2200 SF Office Space

    This 2200 square foot space offers numerous possibilities. Currently occupied by a dance studio, the property features 10 separate rooms or offices, bathrooms, and a large reception area. The building benefits from its location at a traffic light, providing convenient access. It includes separate HVAC units and ample on-site parking. The landlord is seeking a minimum lease term of 3 to 5 years. The space will be available starting July 1, 2025.
    Location Intelligence

    Current Use by Public Records

    Office Units

    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
    -74.6548859
    Latitude
    40.4793041

    Nearby Similar for Lease

    • $1,400 /Mo

      Boutique Professional Office Space

      Professional office condo in Hillsborough Twp., NJ for lease.
      491 Amwell Rd, Hillsborough, NJ 08844
      View Details
    • $2,999 /Mo
      9,600 SF

      Hillsborough Twp. Commercial Space For Rent

      Versatile commercial space suitable for retail, office, or restaurant use.
      340 S Br Rd, Hillsborough, NJ 08844
      View Details
    • $2,000 /Mo
      103,237 SF

      Hillsborough Twp. Commercial Office Space

      Professional office space available for rent in Hillsborough Twp., NJ.
      349 Us Hwy 206, Hillsborough, NJ 08844
      View Details
    • $1,000 /Mo
      103,237 SF

      Hillsborough Office Space Available

      863 sq ft office space for small teams.
      349 Us Hwy 206, Hillsborough, NJ 08844
      View Details
    • $4,500 /Mo

      Renovated Commercial Space on Route 206

      Versatile, renovated commercial space suitable for office, retail, or daycare.
      170 Township Line Rd, Hillsborough, NJ 08844
      View Details
    • $3,000 /Mo

      Highway Frontage Retail/Office Space

      Retail/office space available in mixed-use building with highway frontage.
      718 Us Highway 206, Hillsborough, NJ 08844
      View Details
    • $4,500 /Mo

      Renovated Commercial Space on Route 206

      Versatile, renovated commercial space suitable for office, educational, or service use.
      170 Township Line Rd, Hillsborough, NJ 08844
      View Details
    • Contact for pricing
      8,000 SF

      Hillsborough Twp. Office Space Available

      New 875 SF office space in prime location for rent.
      668 Us Hwy 206, Hillsborough, NJ 08844
      View Details

    FAQs

    What type of property is this?
    Office units - 2200 SF office space with multiple rooms, available 2025.
    Where is this office units located?
    The property is located at 856 Us Highway 206 Hillsborough, NJ.
    What is the lease rate?
    The lease rate is $18 SF/Yr.
    What are key features of this property?
    This property features: - High-traffic corner location with traffic light access.; - 2200 square feet of space suitable for various uses.; - Ten separate rooms/offices plus reception area and bathrooms.
    (732) 828-9403
    Request Owner's contact information
    856 Us Highway 206 Hillsborough, NJ 08844
    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.
    856 Us Highway 206
    Hillsborough, NJ 08844
    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
    856 Us Highway 206 Hillsborough, NJ 08844
    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

    We can help!
    Listing Contact
    Nicolas J Dimeglio
    Nicolas J Dimeglio
    Real Estate License ID: SB8836826
    (732) 828-9403 (609) 924-1600 (732) 991-4375
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!