Corner Masonry Office
For Sale
Contact for pricing
280 Hackensack St, Wood-Ridge, NJ 07075
1952 masonry-and-brick building with finished office floor, meeting rooms, and a private four-bedroom apartment.
Property Size8,532 SF
Lot Size0.57 Acres
Price / SF$240.27
Days on Market137
Property Features for 280 Hackensack St
General Information
Standard status
Active
Size
8,532 SF
Lot size
0.57 Acres
Property subtype
Mixed Use, Office, Special Purpose
Zoning
R-B
Investment Type
Owner/User
Additional Details
Business Included
Yes
Road Access
Yes
Building Details
Year Built
1952
Buildings
1
Stories
3
Listing Agency:
Argo Real Estate
Listed By:
Diana Vasquez · License #1328711
Source:
Crexi
Added: Apr 22
Changed: Aug 18
Last Checked: Sep 5 at 7:00AM
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 Argo Real Estate
Investment Insights
Based on property information with market context.
Located at 280 Hackensack St in Wood-Ridge, NJ, this distinguished 1952 masonry-and-brick corner property has been continuously operated as a funeral home since its construction. The building offers 8,523 SF of finished space and sits on a 0.57-acre corner lot at the signalized intersection of Hackensack Street and Windsor Road.
The layout includes a fully finished commercial floor plus a lower level with meeting rooms. An additional 2,342 SF four-bedroom private apartment provides separate residential use within the property. Exterior amenities include a 4-car garage and ample surface parking.
Zoned R-B (Retail Business), the property is permitted by right for professional offices, medical and dental practices, financial services, and personal service uses, with no special variances required for most buyers.
The layout includes a fully finished commercial floor plus a lower level with meeting rooms. An additional 2,342 SF four-bedroom private apartment provides separate residential use within the property. Exterior amenities include a 4-car garage and ample surface parking.
Zoned R-B (Retail Business), the property is permitted by right for professional offices, medical and dental practices, financial services, and personal service uses, with no special variances required for most buyers.
Key Highlights
- 1952 masonry‑and‑brick commercial building with 8,523 SF of finished space on a 0.57‑acre corner lot
- Corner location at the signalized intersection of Hackensack Street and Windsor Road
- Includes a fully finished commercial floor plus a lower level with meeting rooms
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
$130,540
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
6.37%
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%
$2,610,800
$2.6M
Cap Rate 7%
$1,864,857
$1.9M
Cap Rate 9%
$1,450,444
$1.5M
Market Conditions
NOI Build-Up for 8,532 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
$256.0K $30.00/SF
− Vacancy
−$81.9K −$9.60/SF
EGI
$174.1K $20.40/SF
− OpEx
−$43.5K −$5.10/SF
NOI
$130.5K $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%
$2,610,800
Cap Rate 7%
$1,864,857
Cap Rate 9%
$1,450,444
Alternative Uses
Best Use
Office B
$1.86M
$1.63M – $2.18M
NOI $130,540 @ 7.0% cap · market cap 6.37%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.23M
$1.95M – $2.60M
NOI $155,951 @ 7.0% cap · market cap 7.61%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Turnkey business
Opportunity
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
858
Businesses Nearby
Explore this area
Business Placement
Demographics for 07075, NJ
10,137
Population
3,888
Households
2.6
Avg Household Size
39
Median Age
54%
College-Educated
97%
High-School Grad
1.1 sq mi
ZIP Area
9,215
Density / Sq Mi
$131,412
Median Household Income
$72,607
Median Earnings
$1,886
Median Rent
$532,900
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?
Office building - 1952 masonry-and-brick building with finished office floor, meeting rooms, and a private four-bedroom apartment.
Where is this office building located?
The property is located at 280 Hackensack St Wood-Ridge, NJ.
What is the asking price?
The asking price for this property is $2,050,000.
What are key features of this property?
This property features: 1952 masonry‑and‑brick commercial building with 8,523 SF of finished space on a 0.57‑acre corner lot; Corner location at the signalized intersection of Hackensack Street and Windsor Road; Includes a fully finished commercial floor plus a lower level with meeting rooms
