Freestanding
275 Washington Ave, Hackensack, NJ 07601
For Sale
New
$1,299,000
Two drive-in doors provide direct vehicle access to the building.
Property Size4,000 SF
Price / SF$324.75
Days on Market2
Property Features for 275 Washington Ave
General Information
Standard status
Size
Property subtype
Additional Details
Highway Access
Drive-In Doors
Tenant in Place
Property Use
Building Details
Buildings
Building Size
Tenancy
Listing Agency:
Keller Williams Village Square Realty
(201) 857-8777
Listed By:
Jeff Allen Feagles ()
(201) 803-9624
Source:
Fortuneluxuryrealty
Added: Nov 12
Last Checked: Nov 12 at 7:07AM
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 Keller Williams Village Square Realty
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Investment Insights
Based on property information with market context.
This freestanding warehouse in Hackensack contains approximately 4,000 square feet and has two drive-in doors. Their openings measure 13 feet and 11 feet 10 inches, respectively, supporting vehicle and equipment access. The building is occupied by one tenant under a lease that expires March 31, 2027; any future occupancy remains subject to the lease and tenant rights.
The property is near Route 80, with access to transportation corridors in the surrounding area. Potential applications mentioned for the building include warehousing, storage, automotive services, and contractor operations, subject to municipal zoning and approvals.
The property is near Route 80, with access to transportation corridors in the surrounding area. Potential applications mentioned for the building include warehousing, storage, automotive services, and contractor operations, subject to municipal zoning and approvals.
Key Highlights
- Approximately 4,000 square feet of warehouse space
- Two drive‑in doors with opening heights of 13 feet and 11 feet 10 inches
- Single‑tenant occupancy; lease expires March 31, 2027
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$54,518
Cap Rate
4.20%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,090,360
$1.1M
Cap Rate 7%
$778,829
$778.8K
Cap Rate 9%
$605,756
$605.8K
Market Conditions
NOI Build-Up for 4,000 SF
Gross rent
$68.2K $17.04/SF
− Vacancy
−$4.0K −$1.01/SF
EGI
$64.1K $16.03/SF
− OpEx
−$9.6K −$2.41/SF
NOI
$54.5K $13.63/SF
Area
Bergen County, NJ
Vacancy
5.90%
Lease Rate
$17.04 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,090,360
Cap Rate 7%
$778,829
Cap Rate 9%
$605,756
Alternative Uses
Best Use
Warehouse
$778.8K
$681.5K – $908.6K
NOI $54,518 @ 7.0% cap · market cap 4.20%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.04M
$913.9K – $1.22M
NOI $73,114 @ 7.0% cap · market cap 5.63%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
2
Drive-in doors
Single-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,422
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Properties on Market for Warehouses in Bergen County
Vacancy Rate% for Industrial in Northeast region
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Frequently Asked Questions
What type of property is this?
Warehouse - Two drive-in doors provide direct vehicle access to the building.
Where is this warehouse located?
The property is located at 275 Washington Ave Hackensack, NJ.
What is the asking price?
The asking price for this property is $1,299,000.
What are key features of this property?
This property features: Approximately 4,000 square feet of warehouse space; Two drive‑in doors with opening heights of 13 feet and 11 feet 10 inches; Single‑tenant occupancy; lease expires March 31, 2027
