Freestanding Warehouse/Office Building For
29 Grove South Hackensack, NJ 07606
For Sale
$2,950,000
Pending
12,000 SF warehouse/office building near Teterboro Airport.
Property Size12,000 SF
Days on Market222
Property Features for 29 Grove
General Information
Standard status
Pending
Size
12,000 SF
Property subtype
Commercial
Listing Agency:
KELLER WILLIAMS TOWN LIFE
(201) 894-8004
Listed By:
SHANA COHEN · License #1433728
Source:
Corcoran
Added: Dec 19, 2025
Changed: Jul 6
Last Checked: Jul 23 at 9:18AM
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 TOWN LIFE
Investment Insights
Based on property information with market context.
This is a 12,000 square foot freestanding warehouse and office building located in South Hackensack. It features two loading docks and is situated in the center of the Meadowlands industrial and logistics corridor, providing access to NJ Transit, I-80, and Route 46. The property is located minutes from Teterboro Airport and major New Jersey and New York City crossings. There are currently two tenants in place; one is month-to-month, and the other has a lease expiring on February 28, 2026. All dimensions are approximate.
Key Highlights
- 12,000 SF freestanding warehouse/office building.
- Prime location minutes from Teterboro Airport and major NJ/NYC crossings.
- Excellent access to NJ Transit, I‑80, and Route 46.
Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $360.0k | $30.00 |
| − Vacancy | −$115.2k | −$9.60 |
| EGI | $244.8k | $20.40 |
| − OpEx | −$61.2k | −$5.10 |
| NOI | $183.6k | $15.30 |
12,000 SF · lease $30.00/SF/yr · vacancy 32.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$2.62M
$2.30M – $3.06M
NOI $183,600 @ 7.0% cap · market cap 6.22%
Second Best
Warehouse
$2.34M
$2.04M – $2.73M
NOI $163,553 @ 7.0% cap · market cap 5.54%
Theoretical Best
Office A
$3.13M
$2.74M – $3.66M
NOI $219,341 @ 7.0% cap · market cap 7.44%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
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Frequently Asked Questions
What type of property is this?
Warehouse - 12,000 SF warehouse/office building near Teterboro Airport.
Where is this warehouse located?
The property is located at 29 Grove South Hackensack, NJ.
What is the asking price?
The asking price for this property is $2,950,000.
What are key features of this property?
This property features: 12,000 SF freestanding warehouse/office building.; Prime location minutes from Teterboro Airport and major NJ/NYC crossings.; Excellent access to NJ Transit, I‑80, and Route 46.
