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    215 South Newman St Hackensack, NJ 07601

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    For Lease
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    Industrial warehouse space with convenient access to transportation networks.

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    Listing Contact
    Jeffrey W. Demagistris, Sior
    Source: Naiglobal

    Listing Agent: Jeffrey W. Demagistris, Sior

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

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    Overview

    Hackensack Warehouse Space for Lease

    This 11,750 square foot warehouse space is available for lease within a 63,000 square foot building. The property features ceiling heights of 15 to 16 feet and includes one drive-in door measuring 9 feet high by 9 feet 5 inches wide, one loading dock measuring 8 feet high by 8 feet wide, and two loading docks with levelers, each measuring 10 feet high by 8 feet 11 inches wide. The property is equipped with 200 amps of power at 480/277 volts, with the potential for additional power if needed. Trailer parking is available. Zoned M1, the location provides convenient access to transportation, situated less than one mile from Teterboro Airport, a quarter mile from Route 17, 2.5 miles from I-95, and 5.3 miles from the George Washington Bridge. The Port of Newark is 12.7 miles away.
    Location Intelligence

    Current Use by Public Records

    Spartech Polycast Factory SKR Trading Inc Warehouse & Storage

    Suggested Use

    Restaurant Real Estate Agency Law Firm Spa & Massage Center Building Supply Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

    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, A-1 ELITE 에이원무빙ㅣ뉴욕이사 뉴저지이사 귀국이사 타주이사 포장전문 뉴욕뉴저지이삿짐 자동차운송, Broadway SuperCar Storage, Classic F.A., S & K 2000, Inc.

    Location Insight

    • Map
    • Local Demand
    City
    Hackensack
    County
    Bergen
    State
    New Jersey
    Longitude
    -74.0581542
    Latitude
    40.8730518

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    FAQs

    What type of property is this?
    Warehouse - Industrial warehouse space with convenient access to transportation networks.
    Where is this warehouse located?
    The property is located at 215 South Newman St Hackensack, NJ.
    What are key features of this property?
    This property features: - Strategic location with immediate access to Route 17 and proximity to Teterboro Airport, I-95, and the George Washington Bridge.; - Multiple loading options: **one drive-in door and three loading docks (two with levelers).**; - 11,750 SF available within a 63,000 SF building.
    (201) 970-7564
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    215 South Newman St Hackensack, NJ 07601
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    Hackensack, NJ 07601
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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.

    More about this property
    215 South Newman St Hackensack, NJ 07601
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    We can help!
    Listing Contact
    Jeffrey W. Demagistris, Sior
    (201) 970-7564 (201) 488-5800 (201) 478-7360
    Learn more
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