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Property profile & analytics
OFF-MARKET
Estimated value
$4,170,000
Industrial properties
59 Oak St 69 Hackensack, NJ 07601-4927
Entity Owned
4-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US59-0986344
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Year built
1986
Construction
CONCRETE BLOCKS
Total area
24,972 SF
Lot
0.69 ac (30,000 SF)
APN
23 00529-0000-00012
UPID
US59-0986344
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Taurus Consulting Business Management Consultant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$4.57M
CAP Approach
CAP
$4.31M
Comparable Approach
Comparable
$4.16M
Blend (final)
Blend
$4.17M
Owner & transaction history
Oak Street Realty LLC · 4 yrs held
Oak Street Realty LLC
since 2022
Last sale
$4.1M
4 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$6.0M
+17.2%
Commercial (general)
$5.5M
+6.1%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Hackensack submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Hackensack submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
$4,550,000
ML approach
$4,570,000
CAP Approach
CAP Return
Estimation
6%
$4,670,000
6.5%
$4,310,000
7%
$4,005,000
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$5,150,000
Current use
OFFICE BUILDING
$6,030,000
Change: +17% · Conversion: Difficult
COMMERCIAL (GENERAL)
$5,465,000
Change: +6% · Conversion: Difficult
Blend value · Realmo final
$4.17M
Range $3.75M – $4.59M · ±10% · vs last sale $4.10M (Feb 23 2022)
Last sale anchor
$4.10M
Feb 23 2022
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$167 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$114,607
Tax year 2023
Assessed value
$3,251,000
Assessed 2024
Previous assessed
$3,251,000
+0.0% YoY
Effective rate
3.53%
On assessed value
Assessed land
$654,600
Assessed improvement
$2,596,400
Land market value
$654,600
Improvement market value
$2,596,400
Total market value
$3,251,000
Applied tax rate
23.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Status
Off-Market
Year built
1986
Construction
CONCRETE BLOCKS
Heating
NONE
Stories
1
Total area
24,972 SF
Lot
0.69 ac (30,000 SF)
APN
23 00529-0000-00012
UPID
US59-0986344
Jurisdiction
BERGEN
Metro division
NEW YORK-WHITE PLAINS-WAYNE, NY-NJ METROPOLITAN DIVISION
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
INDUSTRIAL (GENERAL) Current
Est. value
$5.2M
OFFICE BUILDING
Est. value
$6.0M
COMMERCIAL (GENERAL)
Est. value
$5.5M
INDUSTRIAL (GENERAL) Current
OFFICE BUILDING
COMMERCIAL (GENERAL)
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1986
Construction
CONCRETE BLOCKS
Heating
NONE
Stories
1
Lot
0.69 ac
Current owner
From public records · entity-resolved
Oak Street Realty LLC
Entity
Mailing address
10 LENORE AVE, MONSEY, NY 10952-2705
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 23, 2022
$4,100,000
Oak Street Realty LLC
59 71 Oak Street LLC
Deed
$2,600,000 · Oceanfirst Bank
May 10, 2012
—
59-71 Oak Street LLC
Orchard Street 2001 LLC
Grant Deed
related
—
Apr 27, 2012
—
59-71 Oak Street LLC
Oak Street 2001 LLC
Quit Claim Deed
related
—
—
—
59-71 Oak Street LLC
—
Deed Of Trust
related
$1,250,000 · Kearny Fsb
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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