Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Sold
    • Property Lookup
    • Brokers
    312 Courtyard Dr Hillsborough Township, NJ 08844

    Property Lookup

    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    312 Courtyard Dr Hillsborough Township, NJ 08844

    View on Map
    • Medical Office Space
    Off-Market
    Property ID
    US59-0035305
    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.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Medical Office Space

    Property Details for 312 Courtyard Dr

    Property type
    Medical Office Space

    Description

    This exceptional 1100 square foot medical office suite is ideally situated in Hillsborough Township, New Jersey, at 312 Courtyard Drive, zip code 08844. Located on the first floor for convenient access, this turnkey property is priced at $199,900 and presents a fantastic opportunity for medical professionals seeking a ready-to-occupy space. The suite boasts two fully plumbed exam rooms, perfect for a variety of medical practices. In addition to the exam rooms, the layout includes a dedicated reception area and a separate office, providing ample space for administrative tasks and patient consultations. The property's location in Somerset County offers excellent visibility and accessibility, making it an attractive option for establishing or expanding a medical practice. The suite is in move-in condition, eliminating the need for extensive renovations or upgrades, allowing for a quick and efficient start to operations. This is a rare opportunity to acquire a well-appointed medical office suite in a desirable location at a competitive price. All utilities are available. The property is ready for immediate occupancy.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Hillsborough Township
    County
    Somerset
    State
    New Jersey
    Longitude
    -74.6126099
    Latitude
    40.5497193

    Comparable in this City

    • $2,500,000
      3.29 Acres

      Hillsborough Twp. Commercial Land

      3.29 acre lot in prime location on 206.
      351 Doctors Way, Hillsborough, NJ 08844
      View Details
    • Contact for pricing
      1,560 SF

      Professional Office Condo For Sale

      First-floor end unit office condo in Hillsborough Township.
      404 Towne Centre Dr, Hillsborough, NJ 08844
      View Details
    • $2,500,000

      Prime Location Land For Sale

      3.29 acres of land in Hillsborough Twp., NJ.
      351 Doctors Way, Hillsborough, NJ 08844
      View Details
    • $460,000

      Modern Office Complex For Sale

      Well-maintained office complex suitable for professional or medical use.
      491 Amwell Rd, Hillsborough, NJ 08844
      View Details
    • Contact for pricing
      2,200 SF

      Hillsborough Twp. Office Space

      2200 sqft office space with 10 rooms, available 2025.
      856 Us Highway 206, Hillsborough, NJ 08844
      View Details
    • $629,900
      7,800 SF

      Hillsborough Medical Office Building

      Ten-exam room suite, prime location.
      611 Courtyard Dr, Hillsborough, NJ 08844
      View Details

    Similar Nearby for Sale

    • $2,500,000
      3.29 Acres

      Hillsborough Twp. Commercial Land

      3.29 acre lot in prime location on 206.
      351 Doctors Way, Hillsborough, NJ 08844
      View Details
    • Contact for pricing
      1,560 SF

      Professional Office Condo For Sale

      First-floor end unit office condo in Hillsborough Township.
      404 Towne Centre Dr, Hillsborough, NJ 08844
      View Details
    • $2,500,000

      Prime Location Land For Sale

      3.29 acres of land in Hillsborough Twp., NJ.
      351 Doctors Way, Hillsborough, NJ 08844
      View Details
    • $460,000

      Modern Office Complex For Sale

      Well-maintained office complex suitable for professional or medical use.
      491 Amwell Rd, Hillsborough, NJ 08844
      View Details
    • Contact for pricing
      2,200 SF

      Hillsborough Twp. Office Space

      2200 sqft office space with 10 rooms, available 2025.
      856 Us Highway 206, Hillsborough, NJ 08844
      View Details
    • $629,900
      7,800 SF

      Hillsborough Medical Office Building

      Ten-exam room suite, prime location.
      611 Courtyard Dr, Hillsborough, NJ 08844
      View Details

    Similar Nearby for Lease

    • $25 SF/Yr

      Bridgewater Medical Office Space

      Upscale, high-traffic medical office building.
      475 Brg St, Hillsborough Township, NJ 08844
      View Details
    • Contact for pricing

      Medical/Office Space in Hillsborough, NJ

      Highly visible medical/office complex in a bustling business community.
      390 Amwell Rd, Hillsborough, NJ 08844
      View Details
    • Contact for pricing

      Amwell Mall Retail/Office/Medical Space

      Retail, office, and medical space for lease in Hillsborough, NJ.
      450 Amwell Rd, Hillsborough, NJ 08844
      View Details
    • $4,500 /Mo
      3,073 SF

      Renovated Commercial Space on Route 206

      Versatile, renovated commercial space suitable for various businesses.
      170 Township Line 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 Highway 206, Hillsborough, NJ 08844
      View Details
    Request Owner's contact information
    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.
    312 Courtyard Dr
    Hillsborough Township, 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
    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

    Thank You for Inquiry
    312 Courtyard Dr, Hillsborough Township, NJ, 08844
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!