Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Sold
    • Property Lookup
    • Brokers
    370-380 Pleasantview Ave Hackensack, NJ 07601

    Property Lookup

    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    370-380 Pleasantview Ave Hackensack, NJ 07601

    View on Map
    • Lifestyle centers
    • 11,131 SF
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Lifestyle centers

    Property Details for 370-380 Pleasantview Ave

    Property size
    11,131 SF
    Property type
    Lifestyle centers
    Property subtype
    Power centers

    Description

    Summit Plaza, located at 370-380 W Pleasantview Ave in Hackensack, NJ (zip code 07601), offers exceptional medical office space for lease. This Bergen County property boasts a total of 11,131 square feet, currently entirely vacant and available for lease. The building is comprised of four suites, with flexible space options ranging from a minimum of 1,450 square feet to a maximum contiguous space of 7,145 square feet. This makes it ideal for a variety of medical practices, from smaller individual practices to larger multi-specialty clinics. The property's classification includes Retail, Office, and Restaurant uses, though the current offering focuses on medical office space. The building is categorized as both a Medical Office and Shopping Center, reflecting its versatile potential. Ample parking is provided with 477 spaces available for tenants and their clients. The property's location in Hackensack offers excellent accessibility and visibility, making it an attractive option for businesses seeking a prominent presence in a thriving community. Interested parties are encouraged to inquire about lease terms and availability for this exceptional medical office opportunity. The property is situated at 40.8766956 latitude and -74.0655315 longitude.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Hackensack
    County
    Bergen
    State
    New Jersey
    Longitude
    -74.0655
    Latitude
    40.8767

    Comparable in this City

    • Value Estimation by Request

      95 Anderson St

      Lifestyle centers
      95 Anderson St, Hackensack, NJ 07601
      View Details
    • Value Estimation by Request
      13,000 SF

      147-153 Hudson St

      Medical Office Space • 13,000 SF
      147-153 Hudson St, Hackensack, NJ 07601
      View Details
    • Value Estimation by Request

      147-153 Hudson St

      Medical Office Space
      147-153 Hudson St, Hackensack, NJ 07601
      View Details
    • Value Estimation by Request
      3,813 SF

      90 Prospect Ave

      Medical Office Space • 3,813 SF
      90 Prospect Ave, Hackensack, NJ 07601
      View Details
    • Value Estimation by Request
      2,152 SF

      90 Prospect Ave

      Medical Office Space • 2,152 SF
      90 Prospect Ave, Hackensack, NJ 07601
      View Details
    • Value Estimation by Request
      6,000 SF

      90 Prospect Ave

      Office Units • 6,000 SF
      90 Prospect Ave, Hackensack, NJ 07601
      View Details

    Similar Nearby for Sale

    • $575,000

      Turnkey Medical Office Near HUMC

      Move-in ready medical office space in prime location.
      150 Overlook Ave, Hackensack, NJ 07601
      View Details
    • Contact for pricing
      13,500 SF

      Medical Building Near Hospital

      13,500 SF medical building with operating and examination rooms.
      321 Essex St, Hackensack, NJ 07601
      View Details
    • Contact for pricing

      Hackensack Freestanding Building For Sale

      Freestanding building in Hackensack's rehabilitation area, suitable for various uses.
      294-298 State St, Hackensack, NJ 07601
      View Details
    • $2,900,000

      Hackensack Office/Retail/Medical Opportunity

      Two buildings near Bergen County Court House, suitable for various uses.
      147 Hudson St, Hackensack, NJ 07601
      View Details
    • Contact for pricing
      9,306 SF

      Retail/Medical Building on Corner Lot

      Two-story retail/medical building on 0.43 acres, corner lot.
      605 Main St, Hackensack, NJ 07601
      View Details
    • Contact for pricing

      Hackensack Medical Office Opportunity

      Ground-floor medical office space near Hackensack University Medical Center.
      90 Prospect Ave, Hackensack, NJ 07601
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Retail and Restaurant Space Available

      Retail and restaurant spaces for lease in mixed-use development.
      321 Main St, Hackensack, NJ 07601
      View Details
    • Contact for pricing
      9,000 SF

      Hackensack Retail & Restaurant Spaces

      Retail and restaurant spaces in Hackensack's thriving downtown corridor.
      321 Main St, Hackensack, NJ 07601
      View Details
    • $29 SF/Yr

      Retail Spaces in Mixed-Use Development

      Ground floor retail and restaurant spaces in Hackensack, New Jersey.
      321 Main St, Hackensack, NJ 07601
      View Details
    • $2,000 /Mo

      Renovated Commercial Space For Rent

      Modern, newly renovated commercial space suitable for various businesses.
      22 Johnson Ave, Hackensack, NJ 07601
      View Details
    • $2,000 /Mo

      Renovated Commercial Space for Rent

      Newly renovated commercial space suitable for various businesses.
      24 Johnson Ave, Hackensack, NJ 07601
      View Details
    • $2,000 /Mo

      Renovated Commercial Space For Rent

      Modern, newly renovated commercial space suitable for various businesses.
      22 Johnson Ave, Hackensack, NJ 07601
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    370-380 Pleasantview Ave
    Hackensack, NJ 07601
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry

    370-380 Pleasantview Ave, Hackensack, NJ, 07601

    letter with green check mark
    Check your email

    We sent you the

    agent's contact details. yellow underline

    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!