Auto Body Shop Investment
For Sale
$1,200,007
219 Sussex Street, Hackensack, NJ 07601
Commercial building with active tenant, ideal for investors.
Property Size2,640 SF
Lot Size0.12 Acres
Price / SF$454.55
Days on Market131
Property Features for 219 Sussex Street
General Information
Standard status
Active
Size
2,640 SF
Lot size
0.12 Acres
Taxes and HOA fees
Annual Taxes
$18,943
Amenities
Central Air, Gas
Natural Gas
Listing Agency:
REALTY 7, LLC
(201) 314-4949
Listed By:
James Lee
(201) 314-4949
Source:
Evrealestate
Added: Apr 15
Changed: Aug 23
Last Checked: Aug 22 at 7:44AM
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 REALTY 7, LLC
Investment Insights
Based on property information with market context.
This commercial building, constructed in 1950, offers an investment opportunity with a current tenant operating an auto body shop. The building spans 2,640 square feet and is situated on a 5,088-square-foot lot. The property features a free-standing building with 18 parking spaces, including 8 inside and 10 outside. The current tenant's lease expires on December 31, 2026, with a monthly rent of $5,150 that escalates annually. The landlord is responsible for property tax. Located in Hackensack, NJ, this property is suitable for investors, auto-related businesses, and potential redevelopment. The property is located at 219 Sussex, Hackensack, NJ 07601.
Key Highlights
- Existing tenant provides immediate income: $5,150/month with annual escalations.
- Free‑standing building on a 5,088 sq. ft. lot.
- Features 18 car parking spaces (8 inside, 10 outside).
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
$37,681
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
3.14%
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%
$753,620
$753.6K
Cap Rate 7%
$538,300
$538.3K
Cap Rate 9%
$418,678
$418.7K
Market Conditions
NOI Build-Up for 2,640 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
$57.0K $21.60/SF
− Vacancy
−$3.2K −$1.21/SF
EGI
$53.8K $20.39/SF
− OpEx
−$16.1K −$6.12/SF
NOI
$37.7K $14.27/SF
Area
Bergen County, NJ
Vacancy
5.60%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
30.00%
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%
$753,620
Cap Rate 7%
$538,300
Cap Rate 9%
$418,678
Alternative Uses
Best Use
Retail
$538.3K
$471.0K – $628.0K
NOI $37,681 @ 7.0% cap · market cap 3.14%
Second Best
Industrial
$423.3K
$370.4K – $493.9K
NOI $29,632 @ 7.0% cap · market cap 2.47%
Theoretical Best
Office A
$689.4K
$603.2K – $804.3K
NOI $48,255 @ 7.0% cap · market cap 4.02%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
4,692
Businesses Nearby
47k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 81%
Shops & Services 19%
McDonald's
Dining
30,942 visits/mo
0.1 miles
7-Eleven
Shops & Services
8,909 visits/mo
0.1 miles
Pizza Hut
Dining
7,115 visits/mo
0.4 miles
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 Retail in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Advantage Outfitters — 255 West St, South Hackensack, NJ 07606
- Broadway Performance — 260 Green St, South Hackensack, NJ 07606
- Broadway Dynamic Auto Body & Paint — 256 Green St, South Hackensack, NJ 07606
- Transportation Repair Inc — 267 Green St, South Hackensack, NJ 07606
- Colours Inc — 242 West St, South Hackensack, NJ 07606
Frequently Asked Questions
What type of property is this?
Auto shop - Commercial building with active tenant, ideal for investors.
Where is this auto shop located?
The property is located at 219 Sussex Street Hackensack, NJ.
What is the asking price?
The asking price for this property is $1,200,007.
What are key features of this property?
This property features: Existing tenant provides immediate income: $5,150/month with annual escalations.; Free‑standing building on a 5,088 sq. ft. lot.; Features 18 car parking spaces (8 inside, 10 outside).
