Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    Property profile & analytics

    331 Us Hwy 206 Hillsborough, NJ 08844-4781

    • Office buildings
    • 1,693 SF
    • 5.82 lot acres
    OFF-MARKET
    Value Estimation
    $9,970,000
    Last Sale
    May 16, 2023
    $10,000,000
    Location Intelligence
    Property ID
    US59-1030518
    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

    • Office buildings

    Property Details for 331 Us Hwy 206

    Year built
    2006
    Lot size
    5.82 lot acres
    Property size
    1,693 SF
    Zone code
    HS
    Property type
    Office buildings
    APN
    10 00182-0000-00038
    APU
    1000182000000038

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $8,985,000

    • CAP approach

      CAP return
      Estimation
      6%
      $9,345,000
      6.5%
      $10,755,000
      7%
      $9,620,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $10,500,000
      Geo Method
      $11,355,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $10,890,000
      Retail
      $11,790,000
      Mixed-Use
      $11,695,000
      Hospitality
      $9,960,000
      Educational
      $11,505,000
      Residential Income
      $10,375,000
      Energy
      $11,925,000
      Income-Based Land
      $11,070,000
      Food Service
      $8,870,000

    Location Insight

    • Map
    • Local Demand
    City
    Hillsborough
    County
    Somerset
    State
    New Jersey
    Longitude
    -74.631
    Latitude
    40.5131
    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
    $146,143
    $2,184,000
    $4,360,700
    $6,544,700
    -
    $2,184,000
    $4,360,700
    $6,544,700

    Comparable in this City

    • Value Estimation by Request
      5,284 SF

      32 Brower Ln

      OFFICE BUILDING • 5,284 SF
      32 Brower Ln, Hillsborough, NJ 08844-1270
      View Details
    • Value Estimation by Request
      1,912 SF

      105 Raider Blvd

      OFFICE BUILDING • 1,912 SF
      105 Raider Blvd, Hillsborough, NJ 08844-1528
      View Details
    • Value Estimation
      $360,000
      1,980 SF

      124 Hillsborough Rd

      OFFICE BUILDING • 1,980 SF
      124 Hillsborough Rd, Hillsborough, NJ 08844-2707
      View Details
    • Value Estimation
      $270,000
      1,384 SF

      303 Omni Dr

      OFFICE BUILDING • 1,384 SF
      303 Omni Dr, Hillsborough, NJ 08844-4526
      View Details
    • Value Estimation
      $245,000
      1,160 SF

      603rd Omni Dr

      OFFICE BUILDING • 1,160 SF
      603rd Omni Dr, Hillsborough, NJ 08844-4538
      View Details
    • Value Estimation
      $280,000
      1,384 SF

      203 Omni Dr

      OFFICE BUILDING • 1,384 SF
      203 Omni Dr, Hillsborough, NJ 08844-4525
      View Details

    Similar Nearby for Sale

    • $3,900,000
      14,376 SF

      Hillsborough Office Building For Sale

      14,376 sq ft office building in prime location.
      349 Us Hwy, Hillsborough, NJ 08844
      View Details
    • $695,000
      Pending

      Hillsborough Twp. Office Building For Sale

      Freestanding professional office building in high-visibility location, approximately 3270 SF.
      408 Rte 206 South, Hillsborough, NJ 08844
      View Details
    • $243,000
      1,280 SF

      Hillsborough Medical Office - $243K

      Turn-key medical office, 1280 sq ft, NJ.
      0 243000, Hillsborough Township, NJ 08844
      View Details
    • $179,000
      7,800 SF

      Turnkey Medical Suite Ready Now

      Move-in ready medical office suite with exam rooms and reception.
      811 Courtyard Dr, 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 Hwy, 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

    • Contact for pricing
      8,000 SF

      Modern Office Building on Highway

      Brand new commercial office building in prime location with ample parking.
      668 Us Hwy, Hillsborough, NJ 08844
      View Details
    • $2,200 /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
    • Contact for pricing
      1,432 SF

      Renovated Retail, Office, Medical Space

      Built-to-suit space in Hillsborough, near Princeton and Somerville.
      450 Amwell Rd, Hillsborough, NJ 08844
      View Details
    • Contact for pricing

      End Cap Retail Suite

      2160 SF end cap suite, former bank location.
      1 New Amwell Rd, Hillsborough, NJ 08844
      View Details
    • Contact for pricing
      288 SF

      Office and Warehouse Space Available

      Economical office and warehouse spaces for lease in Hillsborough, NJ.
      120 Stryker Ln, Hillsborough, NJ 08844
      View Details
    • $14 SF/Yr
      16,000 SF

      Hillsborough Office Space Available

      Class A Office Suites, 1,000-8,000 SF
      425 Amwell Rd, Hillsborough Township, 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.
    331 Us Hwy 206
    Hillsborough, NJ 08844-4781
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimation

    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.

    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.

    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
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.