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Property profile & analytics

1370 Millstone Riv Rd Hillsborough Township, NJ 08844

  • Commercial real estate
  • 3,809 SF
  • 0.80 lot acres
Value Estimation
$325,000
Last Sale
May 11, 2023
$335,000
Location Intelligence
Property ID
US59-1382507
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

Current Use by Public Records

  • Commercial real estate

Property Details for 1370 Millstone Riv Rd

Construction
FRAME
Lot size
0.80 lot acres
Property size
3,809 SF
Zone code
HR1
Property type
Commercial real estate
APN
12 00001- 01-00005
APU
12000010100005

Description

This exceptional commercial property at 1370 Millstone River Road in Hillsborough Township, NJ (08844) presents a unique investment opportunity. The 3,809 square foot building sits on a 0.8-acre lot and is zoned HR1. Previously utilized as a bank, the property boasts a versatile floor plan. The ground floor features an open concept layout, highlighted by a central vault and private office. Upstairs, you'll find several separate office suites and restrooms, providing flexibility for various business needs. The building's brick exterior is complemented by ample parking accommodating 16 vehicles, and two distinct entrances/exits enhance accessibility. The property's strategic location at a traffic light controlled corner offers excellent visibility and convenient access. Its proximity to Manville, Franklin Township, and Route 206 ensures high traffic flow and easy commuting for employees and clients. The two-story structure offers a total of one building suite. The property's APN is 12000010100005. This is a rare opportunity to acquire a well-maintained commercial building with significant potential in a desirable New Jersey location.

Value Estimation

by Realmo proprietary methodology Last update: July 3, 2025
  • AI approach

    CAP return
    Estimation
    Estimation
    $325,000
  • CAP approach

    CAP return
    Estimation
    6%
    $350,000
    6.5%
    $300,000
    7%
    $330,000
  • Comparable approach

    Method
    Estimation
    Relative Method
    $335,000
    Geo Method
    $305,000
  • Alternative Use

    Use
    Estimation
    Distribution
    $315,000
    Retail
    $365,000
    Mixed-Use
    $310,000
    Hospitality
    $270,000
    Educational
    $295,000
    Residential Income
    $315,000
    Energy
    $375,000
    Income-Based Land
    $290,000
    Food Service
    $280,000

Location Insight

  • Map
  • Local Demand
City
Hillsborough
County
Somerset
State
New Jersey
Longitude
-74.5891
Latitude
40.5031
CBSA code
35620
CBSA name
NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2022
$7,657
$182,300
$198,500
$380,800
-
$182,300
$198,500
$380,800
More about this property
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