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Property profile & analytics
FOR LEASE
Office buildings

2 Clerico Ln Hillsborough, NJ 08844

1,521 SF 4.15 ac lot Built 1988
Entity Owned 1-yr Hold Absentee Owner ~ Est. High Equity
Property ID
US59-1565675
Property summary
AI-generated overview

Carriage Farm offers a unique opportunity to lease flexible commercial space, ideal for a variety of businesses. This multi-use property totals 4,152 square feet and is currently entirely vacant, presenting a blank canvas for your operation. The space is divisible into units as small as 88 square feet, perfect for smaller startups or satellite offices, while larger contiguous spaces of up to 2,197 square feet are available for businesses requiring more expansive areas. The property's diverse suitability caters to a wide range of needs, encompassing executive office space, flexible work environments, research and development facilities, manufacturing operations, warehouse storage, and distribution centers. The interior features a mix of hardwood and carpeted flooring, offering versatility in design and layout. Each unit benefits from a private entrance, ensuring privacy and independent access. The property is available for lease immediately, providing a prompt opportunity to establish your business in a well-appointed and adaptable space. Contact us today to schedule a viewing and explore the possibilities.

Property profile
Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 1988
Total area 1,521 SF
Lot 4.15 ac (180,861 SF)
Zoning code GC
APN 10 00200- 10-00004
UPID US59-1565675
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
Current use
Occupant on record · Public records
  • Fox and Partners Business To Business Service
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$7.04M
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$6.49M
Owner & transaction history
Manasquan Bank · 1 yrs held
Manasquan Bank
since 2025
Last sale
$6.0M
3 recorded transactions
2025
Price N/A
2022
$6.0M
2004
Price N/A
Zoning & alternative use
GC · Hillsborough, NJ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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