Industrial Warehouse For
For Sale
$1,199,000
17 Voorhis Ln, Hackensack, NJ 07601
Existing warehouse on 0.25 acres, offering 5,858 square feet for sale in Hackensack.
Property Size5,858 SF
Lot Size0.25 Acres
Price / SF$204.68
Days on Market35
Property Features for 17 Voorhis Ln
General Information
Standard status
Active
Size
5,858 SF
Lot size
0.25 Acres
Property subtype
Industrial
Building Details
Building Size
5,858 SF
Year Built
1947
Listing Agency:
NAI James E. Hanson | Teterboro
(201) 488-5800
Listed By:
Cameron Silverstein
Source:
Naihanson
Added: Jul 24
Changed: Aug 26
Last Checked: Aug 26 at 2:28PM
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
Investment Insights
Based on property information with market context.
This for-sale industrial property includes an existing warehouse on a 0.25-acre parcel. Total building area is 5,858 square feet, and the offering is described as a remaining parcel within a unique industrial assemblage.
Located in Hackensack, New Jersey in Bergen County, the property is positioned for buyers seeking an industrial asset suitable for investment, owner use, or redevelopment as noted in the listing remarks.
The building is presented as an operating warehouse configuration, with the key opportunity being the combination of warehouse space and the available parcel size for sale.
Located in Hackensack, New Jersey in Bergen County, the property is positioned for buyers seeking an industrial asset suitable for investment, owner use, or redevelopment as noted in the listing remarks.
The building is presented as an operating warehouse configuration, with the key opportunity being the combination of warehouse space and the available parcel size for sale.
Key Highlights
- 5,858 SF existing warehouse for sale on 0.25 acres in Hackensack, NJ
- Industrial property in Bergen County, offered as a single remaining parcel
- Warehouse building available for investors, owner‑users, or redevelopment
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$79,841
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
6.66%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,596,820
$1.6M
Cap Rate 7%
$1,140,586
$1.1M
Cap Rate 9%
$887,122
$887.1K
Market Conditions
NOI Build-Up for 5,858 SF
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.
Gross rent
$99.8K $17.04/SF
− Vacancy
−$5.9K −$1.01/SF
EGI
$93.9K $16.03/SF
− OpEx
−$14.1K −$2.41/SF
NOI
$79.8K $13.63/SF
Area
Bergen County, NJ
Vacancy
5.90%
Lease Rate
$17.04 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,596,820
Cap Rate 7%
$1,140,586
Cap Rate 9%
$887,122
Alternative Uses
Best Use
Warehouse
$1.14M
$998.0K – $1.33M
NOI $79,841 @ 7.0% cap · market cap 6.66%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.53M
$1.34M – $1.78M
NOI $107,075 @ 7.0% cap · market cap 8.93%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
2,320
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 07601, NJ
46,030
Population
21,405
Households
2.2
Avg Household Size
40
Median Age
42%
College-Educated
87%
High-School Grad
4.2 sq mi
ZIP Area
10,960
Density / Sq Mi
$82,212
Median Household Income
$50,265
Median Earnings
$1,794
Median Rent
$370,300
Median Home Value
Market
Vacancy Rate% for Industrial in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Action Leasing Inc — 82 hackensack ave # 12d, hackensack, nj 07601
- Frayen Self Storage Facility — 225-231 Fairmount Ave, Hackensack, NJ 07601
- Storageasy Inc — 160 Johnson Ave, Hackensack, NJ 07601
- Moving and Self Storage — 160 Johnson Ave, Hackensack, NJ 07601
- Mad Rush Moving — 411 Hackensack Ave Suite 200, Hackensack, NJ 07601
Frequently Asked Questions
What type of property is this?
Warehouse - Existing warehouse on 0.25 acres, offering 5,858 square feet for sale in Hackensack.
Where is this warehouse located?
The property is located at 17 Voorhis Ln Hackensack, NJ.
What is the asking price?
The asking price for this property is $1,199,000.
What are key features of this property?
This property features: 5,858 SF existing warehouse for sale on 0.25 acres in Hackensack, NJ; Industrial property in Bergen County, offered as a single remaining parcel; Warehouse building available for investors, owner‑users, or redevelopment
