Office-Oriented Flex
For Sale
Contact for pricing
200-204 Railroad Ave, Hackensack, NJ 07601
Industrial-commercial zoning supports a substantial office-focused flex property.
Property Size29,000 SF
Price / SF$193.10
Days on Market80
Property Features for 200-204 Railroad Ave
General Information
Standard status
Active
Size
29,000 SF
Property subtype
Office, Industrial
Zoning
4B - Industrial/Commercial
Building Details
Year Renovated
2022
Listing Agency:
Nexus Realty Advisors
Listed By:
Michael Fromowitz · License #NY 10991241805
Source:
Crexi
Added: Jun 12
Changed: Aug 30
Last Checked: Aug 30 at 6:44AM
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 Nexus Realty Advisors
Investment Insights
Based on property information with market context.
This flex space comprises 29,000 square feet and is identified with office use. The property carries 4B - Industrial/Commercial zoning, providing the asset’s stated land-use designation.
Located at 200-204 Railroad Ave in Hackensack, New Jersey, the property is positioned within an established commercial address and offers a combination of flexible space classification and office functionality.
Located at 200-204 Railroad Ave in Hackensack, New Jersey, the property is positioned within an established commercial address and offers a combination of flexible space classification and office functionality.
Key Highlights
- 29,000 square feet of office‑oriented flex space
- Zoned 4B - Industrial/Commercial
- Located at 200‑204 Railroad Ave, Hackensack, NJ 07601
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
$443,700
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
7.92%
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%
$8,874,000
$8.9M
Cap Rate 7%
$6,338,571
$6.3M
Cap Rate 9%
$4,930,000
$4.9M
Market Conditions
NOI Build-Up for 29,000 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
$870.0K $30.00/SF
− Vacancy
−$278.4K −$9.60/SF
EGI
$591.6K $20.40/SF
− OpEx
−$147.9K −$5.10/SF
NOI
$443.7K $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%
$8,874,000
Cap Rate 7%
$6,338,571
Cap Rate 9%
$4,930,000
Alternative Uses
Best Use
Office B
$6.34M
$5.55M – $7.40M
NOI $443,700 @ 7.0% cap · market cap 7.92%
Second Best
Warehouse
$5.65M
$4.94M – $6.59M
NOI $395,254 @ 7.0% cap · market cap 7.06%
Theoretical Best
Office A
$7.57M
$6.63M – $8.83M
NOI $530,074 @ 7.0% cap · market cap 9.47%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
5,179
Businesses Nearby
Under-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?
Flex space - Industrial-commercial zoning supports a substantial office-focused flex property.
Where is this flex space located?
The property is located at 200-204 Railroad Ave Hackensack, NJ.
What is the asking price?
The asking price for this property is $5,600,000.
What are key features of this property?
This property features: 29,000 square feet of office‑oriented flex space; Zoned 4B - Industrial/Commercial; Located at 200‑204 Railroad Ave, Hackensack, NJ 07601
