Industrial Flex Warehouse with
For Sale
Contact for pricing
134 Kansas Street, Hackensack, NJ 07601
A flex layout pairs 18-to-20-foot clear warehouse space with a functional corporate office and efficient loading.
Property Size15,190 SF
Lot Size0.39 Acres
Price / SF$335.75
Days on Market52
Property Features for 134 Kansas Street
General Information
Standard status
Active
Size
15,190 SF
Class
C
Total Parking Spaces
9
Lot size
0.39 Acres
Property subtype
Industrial, Mixed Use, Self Storage
Zoning
B1/ M1
Investment Type
Redevelopment
Net Operating Income
$243,800
Warehouse & Industrial
Clear Height
20 ft
Dock-High Doors
1
Drive-In Doors
1
Additional Details
Business Included
Yes
Building Details
Year Built
1960
Listing Agency:
C Land Realty NJ
Listed By:
Jason Shim · License #1326287
Source:
Crexi
Added: Jun 20
Changed: Aug 9
Last Checked: Aug 10 at 5:04AM
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 NJ
Investment Insights
Based on property information with market context.
The property offers an industrial flex configuration with an ideal layout split between a high-ceiling warehouse and a functional corporate office area. Clear heights of approximately 18 to 20 feet support vertical storage, racking, and day-to-day warehouse operations. Shipping and receiving are supported by one tailgate dock and one drive-in door, suitable for mixed delivery needs. The site also includes nine dedicated parking spaces on premises, helping accommodate employees and logistics activity. The logistics and utility setup is designed to support seamless shipping, receiving, and fleet management for operational continuity.
Located at 134 Kansas Street in Hackensack, New Jersey, the building sits on a 16,841 SF lot with a 15,190 SF overall building size. The configuration is oriented toward practical, on-site warehouse and office use, with loading and parking integrated into the facility.
This facility is a strong fit for owner-users seeking a turn-key space that combines office functionality with warehouse capacity and established loading infrastructure. It can also work well for buyers looking for a single-site operations base that supports last-mile distribution, regional headquarters functions, or e-commerce fulfillment workflows where both storage height and straightforward access matter.
Located at 134 Kansas Street in Hackensack, New Jersey, the building sits on a 16,841 SF lot with a 15,190 SF overall building size. The configuration is oriented toward practical, on-site warehouse and office use, with loading and parking integrated into the facility.
This facility is a strong fit for owner-users seeking a turn-key space that combines office functionality with warehouse capacity and established loading infrastructure. It can also work well for buyers looking for a single-site operations base that supports last-mile distribution, regional headquarters functions, or e-commerce fulfillment workflows where both storage height and straightforward access matter.
Key Highlights
- 1960‑built industrial flex building with 15,190 SF on a 16,841 SF lot
- 18–20 ft clear ceilings designed to maximize vertical storage and racking efficiency
- Loading includes 1 tailgate dock and 1 drive‑in door for efficient 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
4.56%
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 4.56%
Second Best
Warehouse
$2.96M
$2.59M – $3.45M
NOI $207,031 @ 7.0% cap · market cap 4.06%
Theoretical Best
Office A
$3.97M
$3.47M – $4.63M
NOI $277,649 @ 7.0% cap · market cap 5.44%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
20 ft
Clear height
1
Dock-high doors
1
Drive-in doors
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
4,306
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 Office in Northeast region
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Frequently Asked Questions
What type of property is this?
Flex space - A flex layout pairs 18-to-20-foot clear warehouse space with a functional corporate office and efficient loading.
Where is this flex space located?
The property is located at 134 Kansas Street Hackensack, NJ.
What is the asking price?
The asking price for this property is $5,100,000.
What are key features of this property?
This property features: 1960‑built industrial flex building with 15,190 SF on a 16,841 SF lot; 18–20 ft clear ceilings designed to maximize vertical storage and racking efficiency; Loading includes 1 tailgate dock and 1 drive‑in door for efficient shipping and receiving
