Technical
Financial
Distress signals
Property profile

238 High St Hackensack, NJ 07601

OFF-MARKET
Industrial properties
Property ID
US59-2689964
7,676 SF 0.4 ac lot Built 1963
Entity Owned 7-yr Hold Free & Clear
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Property summary

AI-generated overview

This unique commercial property, located at 238 High Street in Hackensack, New Jersey, presents a compelling investment opportunity. Priced at $4,500, the property is classified as "Other," indicating a versatile space suitable for a range of commercial uses. The exact square footage is currently unavailable, requiring further due diligence. The property sits on a lot with no acreage specified, suggesting a potentially compact but strategically located site. Given its location on High Street in Hackensack, the property benefits from potential high visibility and accessibility, depending on the specific nature of the building and its surroundings. Further investigation is needed to determine the property's zoning classification, permitted uses, and any existing building structures. Prospective buyers should conduct thorough due diligence, including a site visit and review of all relevant municipal records, to fully assess the property's potential and suitability for their intended purpose. The absence of square footage and lot size details underscores the need for a comprehensive on-site inspection and review of available documentation. This property offers a chance to acquire a commercial space in a well-established New Jersey location, but potential buyers should be prepared to undertake the necessary research to fully understand its characteristics and potential. The asking price of $4,500 suggests a potentially attractive entry point for investors seeking a foothold in the Hackensack commercial market. Interested parties are encouraged to contact the listing agent for further information and to schedule a viewing.

Property profile

Verified
Property type Industrial properties
Use group INDUSTRIAL (GENERAL)
Year built 1963
Construction CONCRETE BLOCKS
Total area 7,676 SF
Lot 0.4 ac (17,600 SF)
APN 23 00333-0000-00001
UPID US59-2689964

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • General Contractor
  • General Contractor

Location

238 High St Hackensack, NJ 07601-3414
Hackensack metro Census 23501 NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$1.33M
Comparable Approach Comparable
$659k
Blend (final) Blend
$1.02M

Owner & transaction history

since 2019
6 recorded transactions
2019
Price N/A
2019
Price N/A
2015
Price N/A
1969
Price N/A
1969
Price N/A
1969
Price N/A

Zoning & alternative use

Top alternative use upside
Commercial (general) $1.7M +6.1%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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