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    294-298 State St Hackensack, NJ 07601

    • Commercial real estate
    • 9,836 SF
    • 0.39 lot acres
    For Sale
    View listing
    $2,500,000
    Value Estimation
    Location Intelligence
    Property ID
    US59-1669025
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Commercial real estate

    Property Details for 294-298 State St

    Year built
    1945
    Construction
    BRICK
    Lot size
    0.39 lot acres
    Property size
    9,836 SF
    Property type
    Commercial real estate
    APN
    23 00315-0000-00015
    APU
    2300315000000015

    Description

    This exceptional commercial property, located at 294-298 State Street in the vibrant city of Hackensack, New Jersey, presents a compelling investment opportunity. Priced at $2,500,000, this property offers significant potential for a variety of commercial uses. While the precise square footage is not currently available, the property's strategic location on State Street ensures high visibility and accessibility. The property sits on a lot with zero acres, indicating a compact and potentially easily managed footprint. The property type is classified as "Other," suggesting flexibility in its potential applications. Given its prime location in Hackensack, a bustling city with a strong commercial presence, this property is well-positioned to benefit from the area's economic activity and growth. Further due diligence is recommended to fully assess the property's potential and suitability for specific commercial ventures. Interested parties are encouraged to conduct thorough inspections and research to determine the optimal use and development strategy for this promising investment. The absence of specified square footage necessitates a site visit to accurately assess the property's dimensions and layout. This property represents a unique opportunity to acquire a strategically located commercial asset in a thriving New Jersey market. Serious inquiries only.

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Hackensack
    County
    Bergen
    State
    New Jersey
    Longitude
    -74.0424
    Latitude
    40.8876
    CBSA code
    35620
    CBSA name
    NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2022
    $65,051
    $715,000
    $1,713,700
    $2,428,700
    -
    $715,000
    $1,713,700
    $2,428,700

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    Hackensack, NJ 07601
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    Realmo Value Estimation

    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.

    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.

    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
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