Freestanding Warehouse with
For Sale
$5,300,000
134-138 Kansas Street, Hackensack, NJ 07601
Industrial facility combines warehouse capacity, office space, loading access, and convenient rail connectivity.
Property Size15,190 SF
Lot Size0.39 Acres
Price / SF$348.91
Days on Market75
Property Features for 134-138 Kansas Street
General Information
Standard status
Active
Size
15,190 SF
Total Parking Spaces
9
Lot size
0.39 Acres
Property subtype
Commercial
Warehouse & Industrial
Clear Height
20 ft
Dock-High Doors
1
Drive-In Doors
1
Additional Details
Highway Access
Yes
Taxes and HOA fees
Annual Taxes
$64,180
Building Details
Buildings
1
Building Size
15,190 SF
Listing Agency:
C Land Realty Co.
(201) 290-4321
Listed By:
Jae Seok Shim · License #290370
(201) 290-4321
Source:
Betterhomerealestate
Added: Jun 16
Changed: Aug 28
Last Checked: Aug 29 at 10:21AM
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 C Land Realty Co.
Investment Insights
Based on property information with market context.
This freestanding warehouse property includes a 15,190-square-foot facility on a 16,841-square-foot lot, with the building arranged between warehouse and office areas. Clear heights range from 18 to 20 feet, supporting vertical storage and racking. Shipping and receiving functions are supported by a tailgate dock and drive-in door, while nine on-site parking spaces accommodate daily operations. The property is offered in as-is condition.
Located at 134-138 Kansas Street in Hackensack, the facility is just off S. River Street with access to major highways and New York City. Essex Street Train Station is within a five-minute walk, providing nearby rail access for employees. The property is adjacent to Hackensack’s Downtown Rehabilitation District and the Essex/Huyler Street redevelopment corridors, placing the facility within an area identified for high-density mixed-use growth and infrastructure improvements.
Located at 134-138 Kansas Street in Hackensack, the facility is just off S. River Street with access to major highways and New York City. Essex Street Train Station is within a five-minute walk, providing nearby rail access for employees. The property is adjacent to Hackensack’s Downtown Rehabilitation District and the Essex/Huyler Street redevelopment corridors, placing the facility within an area identified for high-density mixed-use growth and infrastructure improvements.
Key Highlights
- 15,190 SF warehouse and office facility on a 16,841 SF lot
- 18–20 ft clear ceiling heights for vertical storage and racking
- Tailgate dock and drive‑in door support shipping and receiving
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
$232,407
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
4.39%
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%
$4,648,140
$4.6M
Cap Rate 7%
$3,320,100
$3.3M
Cap Rate 9%
$2,582,300
$2.6M
Market Conditions
NOI Build-Up for 15,190 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
$455.7K $30.00/SF
− Vacancy
−$145.8K −$9.60/SF
EGI
$309.9K $20.40/SF
− OpEx
−$77.5K −$5.10/SF
NOI
$232.4K $15.30/SF
Area
Bergen County, NJ
Vacancy
32.00%
Lease Rate
$30.00 /SF/Yr
Expense Ratio
25.00%
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%
$4,648,140
Cap Rate 7%
$3,320,100
Cap Rate 9%
$2,582,300
Alternative Uses
Best Use
Office B
$3.32M
$2.91M – $3.87M
NOI $232,407 @ 7.0% cap · market cap 4.39%
Second Best
Warehouse
$2.96M
$2.59M – $3.45M
NOI $207,031 @ 7.0% cap · market cap 3.91%
Theoretical Best
Office A
$3.97M
$3.47M – $4.63M
NOI $277,649 @ 7.0% cap · market cap 5.24%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
20 ft
Clear height
1
Dock-high doors
1
Drive-in doors
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
4,924
Businesses Nearby
Well-served
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 Office in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Warehouse - Industrial facility combines warehouse capacity, office space, loading access, and convenient rail connectivity.
Where is this warehouse located?
The property is located at 134-138 Kansas Street Hackensack, NJ.
What is the asking price?
The asking price for this property is $5,300,000.
What are key features of this property?
This property features: 15,190 SF warehouse and office facility on a 16,841 SF lot; 18–20 ft clear ceiling heights for vertical storage and racking; Tailgate dock and drive‑in door support shipping and receiving
