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

    200 Plaza Dr Secaucus, NJ 07094

    • Commercial real estate
    • 242,402 SF
    • 3.00 lot acres
    For Lease
    View listing
    Last Sale
    Jan 23, 2023
    $56,000,000
    Value Estimations
    $61,205,000
    Cap Rate Potential
    Location Intelligence
    Property ID
    US59-1732537
    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

    • Gallagher Insurance, Risk Management & Consulting / Insurance Agency / Business Management Consultant
    • Conduent / Corporate Office
    • Ernst & Young / Business Management Consultant / Accountant

    Property Details for 200 Plaza Dr

    Year built
    1985
    Lot size
    3.00 lot acres
    Property size
    242,402 SF
    Property type
    Commercial real estate
    APN
    09 00227-0000-00008- 02-HM
    APU
    090022700000000802HM

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      Off market

    • CAP approach

      CAP Return
      Estimation
      6%
      $66,660,000
      6.5%
      $61,535,000
      7%
      $57,140,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $63,574,000
      Market price range: $44.8M - $95.7M

    • Alternative Use

      Use
      Estimation
      COMMERCIAL (GENERAL)
      $66,645,000
      Current use
      OFFICE BUILDING
      $101,495,000
      Change: +52% Conversion: Easy
      APARTMENT HOUSE (5+ UNITS)
      $61,830,000
      Change: -7% Conversion: Moderate

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

    Location Insight

    • Map
    • Local Demand
    City
    Secaucus
    County
    Hudson
    State
    New Jersey
    Longitude
    -74.0433
    Latitude
    40.7856
    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
    $1,085,904
    $1,515,000
    $27,342,400
    $28,857,400
    -
    $1,515,000
    $27,342,400
    $28,857,400

    Comparable in this City

    • Value Estimation
      $500,000
      1.60 Acres

      500 State Rt 3rd 3

      COMMERCIAL (GENERAL) • 1.60 Acres
      500 State Rt 3rd 3, Secaucus, NJ 07094-3701
      View Details
    • Value Estimation by Request
      5.29 Acres

      450 Harmon Mdw Blvd

      COMMERCIAL (GENERAL) • 5.29 Acres
      450 Harmon Mdw Blvd, Secaucus, NJ 07094-3621
      View Details
    • Value Estimation
      $19,310,000
      114,715 SF

      800 Plz Dr

      COMMERCIAL (GENERAL) • 114,715 SF
      800 Plz Dr, Secaucus, NJ 07094-3629
      View Details
    • Value Estimation
      $47,265,000
      311,120 SF

      1 Ml Crk Dr, Unit 101

      COMMERCIAL (GENERAL) • 311,120 SF
      1 Ml Crk Dr, Secaucus, NJ 07094-3617
      View Details
    • Value Estimation by Request

      585 Windsor Dr

      COMMERCIAL (GENERAL)
      585 Windsor Dr, Secaucus, NJ 07094-2759
      View Details
    • Value Estimation by Request
      4.50 Acres

      Harmon Cv

      COMMERCIAL (GENERAL) • 4.50 Acres
      Harmon Cv, Secaucus, NJ 07094
      View Details

    Similar Nearby for Sale

    • $1,250,000

      Secaucus Two-Family Home

      Legal two-family home in a desirable Secaucus neighborhood.
      3 Acorn Rd, Secaucus, NJ 07094
      View Details
    • $447,900

      Commercial Land For Sale

      Commercial land available for sale.
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    • $1,250,000

      Secaucus Two-Family Home For Sale

      Legal two-family home in desirable neighborhood, near NYC transportation.
      3 Acorn Rd, Secaucus, NJ 07094
      View Details
    • $1,299,999

      Well-Maintained Two-Family Home

      Two-family home with finished ground level and updated interiors.
      17 Acorn Rd, Secaucus, NJ 07094
      View Details
    • $30,000

      Turnkey Wellness Center and Studio

      Fully built-out wellness center ready for immediate operation.
      1309 Paterson Plank Rd, Secaucus, NJ 07094
      View Details
    • $99,000

      Turnkey Café Opportunity For Sale

      Fully equipped café specializing in coffee, smoothies, and healthy fare.
      1325 A Paterson Plank, Secaucus, NJ 07094
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    Similar Nearby for Lease

    • $4,100 /Mo

      Spacious Townhouse with Walk-Out Basement

      Bright 2-bedroom townhouse with finished basement and garage.
      47 Mallard Pl, Secaucus, NJ 07094
      View Details
    • Contact for pricing
      15,000 SF

      Harmon Cove Office Space

      Office space in prime location with excellent access to roadways.
      110 Meadowlands Pkwy, Secaucus, NJ 07094
      View Details
    • Contact for pricing
      2,359 SF

      Retail Space in Harmon Meadow

      Retail space available in a high-traffic shopping center.
      200 Mill Creek Dr, Secaucus, NJ 07094
      View Details
    • Contact for pricing
      26,996 SF

      Secaucus Warehouse Space Available

      Warehouse space for rent in Secaucus, minimum 5-year term.
      14 Aquarium Dr, Secaucus, NJ 07094
      View Details
    • Contact for pricing
      105,125 SF

      Secaucus Warehouse Space Available

      105,125 SF warehouse space for lease in Secaucus.
      1 Castle Rd, Secaucus, NJ 07094
      View Details
    • Contact for pricing
      15,272 SF

      Secaucus Warehouse and Office Space

      15,272 SF building with office space available for lease.
      520 Jefferson Ave, Secaucus, NJ 07094
      View Details
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    Secaucus, NJ 07094
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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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