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    Hackensack Industrial Building For Sale Title is generated by Realmo AI

    111 Essex St, Hackensack, NJ 07601

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    26,169 SF industrial building on 1.23 acres in Hackensack.

    Type:Industrial
    Property size:
    26,169 SF
    Lot size:
    1.23 Acres
    Added:
    Mar 6, 2026
    Days on Market:
    72
    Last Refresh:
    Apr 5 at 11:13 pm

    Property Features for 111 Essex St

    General Information

    Standard status
    Active
    Size
    26,169 SF
    Lot size
    1.23 Acres
    Property subtype
    Industrial

    Building Details

    Year Built
    1986

    We can help!

    Listing Contact
    Michael G. Walters, SIOR
    Michael G. Walters, SIOR

    Listing agent Michael G. Walters, SIOR

    Listing office NAI James E. Hanson | Teterboro

    Listing date Mar 6, 2026

    Source Naiglobal

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    All listing content including descriptions, pricing, images are the copyrighted material of NAI James E. Hanson | Teterboro

    HighLights

    • ±26,169 SF Industrial Building on 1.23 Acres
    • Excellent Location: Close to I‑80, Route 17, NJ Turnpike, and George Washington Bridge
    • Proximity to NYC: Approximately 12 miles from Midtown Manhattan
    • Loading platform with 3 dock‑high loading positions
    • Zoned B‑1 Neighborhood Business District: Well‑suited for warehousing, distribution, or light manufacturing
    • Close proximity to Teterboro Airport, Newark Airport & Port Newark/Elizabeth

    Overview

    Located in Hackensack, New Jersey, this industrial building offers accessibility with proximity to I-80, Route 17, and the New Jersey Turnpike. The single-story concrete industrial building has an area of approximately 26,169 square feet and is situated on a combined 1.23 acres across two parcels, with 1.02 acres at 111 Essex St and a 0.21-acre paved lot at 142 Kansas St. The property is located 7 miles from the George Washington Bridge and approximately 12 miles from Midtown Manhattan. It is also a short drive to Teterboro Airport. The property features a loading platform with 3 dock-high loading positions. Zoned B-1 Neighborhood Business District, the property is well-suited for warehousing, distribution, or light manufacturing. It is ideal for owner-occupiers seeking a functional building with expansion potential. The location is minutes from Route 4, Route 46, I-80, I-95/NJ Turnpike, and the George Washington Bridge, and within 18 miles of Newark Airport and Port Newark/Elizabeth.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Nu E-Z Finishing ... Printing Service

    Suggested Use

    Real Estate Agency Restaurant Spa & Massage Center Hair Salon Dental Office Law Firm Nail Salon Gym & Fitness Center Daycare Center Building Supply

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    • Tony Moving Corp | Moving Company NJ | Mover NJ | Moving NJ | 뉴저지 이삿짐 — 69 Wesley St Unit I, South Hackensack, NJ 07606
    • A-1 ELITE 에이원무빙ㅣ뉴욕이사 뉴저지이사 귀국이사 타주이사 포장전문 뉴욕뉴저지이삿짐 자동차운송 — 69 Wesley St Unit I, South Hackensack, NJ 07606
    • Classic F.A. — 295 North St, Teterboro, NJ 07608
    • S & K 2000, Inc. — South Hackensack, NJ 07606
    • Life Storage — 320 S River St, Hackensack, NJ 07601

    Location Insight

    • Map
    • Local Demand
    City
    Hackensack
    County
    Bergen
    State
    New Jersey
    Longitude
    -74.0497
    Latitude
    40.8782

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    FAQs

    What type of property is this?
    Warehouse - 26,169 SF industrial building on 1.23 acres in Hackensack.
    Where is this warehouse located?
    The property is located at 111 Essex St Hackensack, NJ.
    What are key features of this property?
    This property features: ±26,169 SF Industrial Building on 1.23 Acres; Excellent Location: Close to I‑80, Route 17, NJ Turnpike, and George Washington Bridge; Proximity to NYC: Approximately 12 miles from Midtown Manhattan
    (201) 488-5800
    We can help!
    Listing Contact
    Michael G. Walters, SIOR
    Michael G. Walters, SIOR
    Learn More
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    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.

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