Turnkey Medical Office and
126 State St Hackensack, NJ 07601
126 State St, Hackensack, NJ, 07601
$4,500,000
For Sale
$4,500,000
Fully renovated medical office with a built-out lab component for immediate healthcare and specialty office use.
Property Size12,000 SF
Lot Size0.34 Acres
Price / SF$375
Days on Market25
Property Features for 126 State St
General Information
- Standard status
- Active
- Size
- 12,000 SF
- Lot size
- 0.34 Acres
- Property subtype
- Office Medical
Building Details
- Year Built
- 1988
Listing agency
Marcus & Millichap | New Jersey
(201) 742-6179
Listed by
Stephen Crocitto · License #License(s): NJ: 2294113
(201) 742-6179
Source
Marcusmillichap
Added: Jun 28 Updated: Jul 10 at 2:08PM Checked: Jul 21 at 3:07AM
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 Marcus & Millichap | New Jersey
Investment Insights
Based on property information with market context.
126 State Street is a fully renovated medical office and laboratory property with a modern, turnkey interior and a fully built-out lab component designed for immediate usability. The building was originally constructed in the mid-1980s and has undergone recent renovations, including roof and utility upgrades completed in 2017. The result is an operational-ready environment intended to reduce the time and capital typically required for tenant buildout.
Located in downtown Hackensack in Bergen County’s primary commercial and healthcare hub, the property is close to Hackensack University Medical Center and within reach of Main Street and the Bergen County Justice Center. The setting supports professional and civic activity, and the property also benefits from convenient regional connectivity with proximity to NJ Transit rail service and major thoroughfares.
The asset is a two-story brick office building totaling approximately 11,800–12,000 square feet on about 0.34 acres, with an ADA-compliant elevator. On-site and nearby parking provide practical day-to-day access for staff and patients, and the functional layout supports a range of healthcare and professional uses. Available for sale, the property may be suitable for an owner-user strategy, sale-leaseback execution, or other operating models consistent with a healthcare-oriented facility in a central market location.
Located in downtown Hackensack in Bergen County’s primary commercial and healthcare hub, the property is close to Hackensack University Medical Center and within reach of Main Street and the Bergen County Justice Center. The setting supports professional and civic activity, and the property also benefits from convenient regional connectivity with proximity to NJ Transit rail service and major thoroughfares.
The asset is a two-story brick office building totaling approximately 11,800–12,000 square feet on about 0.34 acres, with an ADA-compliant elevator. On-site and nearby parking provide practical day-to-day access for staff and patients, and the functional layout supports a range of healthcare and professional uses. Available for sale, the property may be suitable for an owner-user strategy, sale-leaseback execution, or other operating models consistent with a healthcare-oriented facility in a central market location.
Key Highlights
- Fully renovated two‑story medical office and laboratory building with a built‑out lab component
- Approx. 11,800–12,000 SF on 0.34 acres in downtown Hackensack
- 2017 capital improvements include roof and utility upgrades
Local Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $360.0k | $30.00 |
| − Vacancy | −$115.2k | −$9.60 |
| EGI | $244.8k | $20.40 |
| − OpEx | −$61.2k | −$5.10 |
| NOI | $183.6k | $15.30 |
12,000 SF · lease $30.00/SF/yr · vacancy 32.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$2.62M
$2.30M – $3.06M
NOI $183,600 @ 7.0% cap · market cap 4.08%
Second Best
Healthcare Medical
$2.55M
$2.23M – $2.98M
NOI $178,675 @ 7.0% cap · market cap 3.97%
Theoretical Best
Office A
$3.13M
$2.74M – $3.66M
NOI $219,341 @ 7.0% cap · market cap 4.87%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Tri-State Multi-Specialty Medical ...
Physician
Zaitsev Alexandr MD
Physician
Ridgewood Diagnostic Laboratory
Medical Laboratory
Top Rated Spine ...
Physician
Law Office of Amy ...
Law Firm
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FAQs
What type of property is this?
Medical Office Space - Fully renovated medical office with a built-out lab component for immediate healthcare and specialty office use.
Where is this medical office space located?
The property is located at 126 State St Hackensack, NJ.
What is the asking price?
The asking price for this property is $4,500,000.
What are key features of this property?
This property features: Fully renovated two‑story medical office and laboratory building with a built‑out lab component; Approx. 11,800–12,000 SF on 0.34 acres in downtown Hackensack; 2017 capital improvements include roof and utility upgrades
