Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    119 Johnson Ave Hackensack, NJ 07601

    Loading data...
    Loading data...
    Loading data...
    For Sale
    $899,999

    2,974 SF industrial building with 4 drive-in bays.

    We can help!

    Listing Contact
    Bruce Elia, Jr.
    Source: Corcoran

    Listing Agent: Bruce Elia, Jr.

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

    Learn more

    Property Insight Report

    Overview

    Hackensack Industrial Flex Space

    Located in a high-demand industrial area of Hackensack, New Jersey, this well-maintained 2,974 square foot industrial building features 4 drive-in bays. Situated in Bergen County, the property is suitable for automotive services, luxury repair operations, or businesses seeking flex space for industrial, retail, or office use.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Tony's Auto Repair Auto Repair Shop

    Suggested Use

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

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

    Similar Places Nearby

    Bro-Ritos, Curiocity Catering, Bourbon BBQ & Catering

    Location Insight

    • Map
    • Local Demand
    City
    Hackensack
    County
    Bergen
    State
    New Jersey
    Longitude
    -74.0409908
    Latitude
    40.9051039

    Nearby Similar for Sale

    • $3,999,999
      28,897 SF

      Hackensack Office Building For Sale

      28,897 SF office building near courthouse and public transportation.
      75 Essex St, Hackensack, NJ 07601
      View Details
    • $1,550,000
      4,000 SF

      High-End Building for Entertainment

      4,000 SF building designed for entertainment and charitable use.
      92 Kennedy St, Hackensack, NJ 07601
      View Details
    • $1,648,000
      9,364 SF

      Hackensack Office and Warehouse Portfolio

      Two parcels with office, warehouse, and redevelopment potential.
      112-113 Voorhis Ln, Hackensack, NJ 07601
      View Details
    • $4,500,000
      10,000 SF

      Hackensack Auto Shop For Sale

      10,000 SF auto shop with licenses and employee housing.
      308 2Nd St, Hackensack, NJ 07601
      View Details
    • $2,900,000
      13,000 SF

      Hackensack Office Building For Sale

      Office building near Bergen County Court House with easy highway access.
      147 Hudson St, Hackensack, NJ 07601
      View Details
    • $1,200,000
      4,748 SF

      Hackensack Office Building For Sale

      Recently renovated 4,748 SF office building in downtown Hackensack.
      407 State St, Hackensack, NJ 07601
      View Details
    • $1,530,000
      5,100 SF

      Hackensack Flex Space For Sale

      5,100 SF flex space near major routes.
      163 Liberty St, Hackensack, NJ 07601
      View Details
    • Contact for pricing
      13,500 SF

      Medical Building Near Hospital

      13,500 SF medical building with operating and examination rooms.
      321 Essex St, Hackensack, NJ 07601
      View Details
    • $4,000,000
      15,157 SF

      Hackensack Retail and Office Portfolio

      Retail storefronts and office space in downtown redevelopment zone.
      275 Main St, Hackensack, NJ 07601
      View Details
    • Contact for pricing
      1,094 SF

      Hackensack Warehouse Near Major Routes

      1,094 SF warehouse with drive-in access, close to highways.
      755 Main St, Hackensack, NJ 07601
      View Details
    • Contact for pricing
      26,169 SF

      Hackensack Industrial Building on 1.23 Acres

      26,169 SF industrial building suitable for warehousing and distribution.
      111 Essex St, Hackensack, NJ 07601
      View Details
    • $680,000

      Medical Condos Near Medical Center

      Prime medical condos near Hackensack University Medical Center.
      90 1G, Hackensack, NJ 07601
      View Details

    FAQs

    What type of property is this?
    Flex space - 2,974 SF industrial building with 4 drive-in bays.
    Where is this flex space located?
    The property is located at 119 Johnson Ave Hackensack, NJ.
    What is the asking price?
    The asking price for this property is $899,999.
    What are key features of this property?
    This property features: - Located in a high-demand industrial corridor of Hackensack, NJ; - 2,974 square foot industrial building; - Features **4 Drive-in Bays**
    Request Owner's contact information
    119 Johnson Ave Hackensack, NJ 07601
    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.
    119 Johnson Ave
    Hackensack, NJ 07601
    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
    119 Johnson Ave Hackensack, NJ 07601
    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

    We can help!
    Listing Contact
    Bruce Elia, Jr.
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!