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    Property profile & analytics

    111 Meadow St Hackensack, NJ 07601

    • Commercial real estate
    • 0.07 lot acres
    For Sale
    View listing
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US59-2759057
    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 111 Meadow St

    Lot size
    0.07 lot acres
    Property type
    Commercial real estate

    Description

    This exceptional 0.071-acre commercial and industrial land parcel, located at 111 Meadow Street in Hackensack, New Jersey (zip code 07601), presents a unique investment opportunity. Situated in Bergen County, this property boasts convenient frontage on Meadow Street and benefits from excellent access to major highways, facilitating efficient transportation and logistics. The lot measures approximately 25 feet by 125 feet. Designated as B3 zoning, this versatile property is perfectly suited for various industrial uses, particularly outdoor storage. The private ownership ensures a streamlined transaction process. This prime location within a mixed-use zone offers significant potential for businesses seeking a strategically positioned land parcel in a thriving New Jersey market. The property's size makes it an attractive option for smaller-scale operations requiring outdoor storage space or those seeking a cost-effective solution for their storage needs. The readily available access to major roadways enhances its appeal to businesses that require efficient transportation links. This is an excellent opportunity to acquire a well-located, commercially zoned land parcel in a dynamic area. Don't miss out on this chance to secure a valuable asset in a high-demand location.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Hackensack
    County
    Bergen
    State
    New Jersey
    Longitude
    -74.0421424
    Latitude
    40.8754795

    Comparable in this City

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      1,094 SF

      Hackensack Warehouse Near Major Routes

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    Similar Nearby for Sale

    • $1,648,000
      9,364 SF

      Office, Warehouse, and Land Portfolio

      Mix of office, warehouse, and land with redevelopment potential.
      113 Johnson Ave, Hackensack, NJ 07601
      View Details
    • $1,648,000
      9,364 SF

      Hackensack Office and Warehouse Portfolio

      Two parcels with office, warehouse, and redevelopment potential.
      112-113 Voorhis Ln, Hackensack, NJ 07601
      View Details
    • Contact for pricing
      26,169 SF

      Hackensack Industrial Building on 1.23 Acres

      26,169 SF industrial building suitable for warehousing and distribution.
      111 Essex St, Hackensack, NJ 07601
      View Details
    • $899,999

      Hackensack Industrial Flex Space

      2,974 SF industrial building with 4 drive-in bays.
      119 Johnson Ave, Hackensack, NJ 07601
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    • $1,530,000
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      Hackensack Flex Space For Sale

      5,100 SF flex space near major routes.
      163 Liberty St, Hackensack, NJ 07601
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    • Contact for pricing
      1,094 SF

      Hackensack Warehouse Near Major Routes

      1,094 SF warehouse with drive-in access, close to highways.
      755 Main St, Hackensack, NJ 07601
      View Details

    Similar Nearby for Lease

    • $2,500 /Mo

      Ground Level Warehouse Office Condo

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      4,500 SF

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      12,000 SF

      Hackensack Industrial/Flex Space For Rent

      6,000 SF industrial/flex space with office in high-demand location.
      85 Myer St, Hackensack, NJ 07601
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      23,500 SF

      Hackensack Warehouse with Excellent Access

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      215 South Newman St, Hackensack, NJ 07601
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    • $2,300 /Mo

      Spacious Warehouse with Easy Access

      First floor warehouse with loading access, perfect for manufacturing/distribution.
      40 Burlews 3B, Hackensack, NJ 07601
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    111 Meadow St
    Hackensack, NJ 07601
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    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
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