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Property profile & analytics
OFF-MARKET
Commercial real estate

1370 Millstone Riv Rd Hillsborough, NJ 08844-4703

3,809 SF 0.8 ac lot
Individually Owned 3-yr Hold ~ Est. High Equity
Property ID
US59-1382507
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Construction FRAME
Total area 3,809 SF
Lot 0.8 ac (34,848 SF)
Zoning code HR1
APN 12 00001- 01-00005
UPID US59-1382507
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
by Request
Owner & transaction history
Patrick Shimalla · 3 yrs held
Patrick Shimalla
since 2023
Last sale
$335,000
2 recorded transactions
2023
$335,000
1969
Price N/A
Zoning & alternative use
HR1 · Hillsborough, NJ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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