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

    84 Honeck St Englewood, NJ 07631-4133

    • Industrial properties
    • 5,920 SF
    • 0.30 lot acres
    OFF-MARKET
    Last Sale
    May 06, 2022
    $1,950,000
    Value Estimations
    $2,055,000
    Show details
    Cap Rate Potential
    3.1%
    Industrial properties
    Location Intelligence
    Property ID
    US59-1978823
    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

    • Manhattan Fencing - Englewood, NJ / Sports School / Sports Club
    • Trash Masters LLC / Waste Management Service
    • Starr Darcy & Starr / Accountant

    Property Details for 84 Honeck St

    Year built
    2000
    Construction
    BRICK
    Lot size
    0.30 lot acres
    Property size
    5,920 SF
    Zone code
    SBD
    Property type
    Industrial properties
    APN
    15 02910-0000-00001
    APU
    1502910000000001

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $2,165,000
      ML approach
      $2,155,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $2,063,000
      Market price range: $658k - $2.06M

    • Alternative Use

      Use
      Estimation
      INDUSTRIAL (GENERAL)
      $1,330,000
      Current use
      COMMERCIAL (GENERAL)
      $2,175,000
      Change: +64% Conversion: Difficult
      APARTMENT HOUSE (5+ UNITS)
      $1,945,000
      Change: +46% Conversion: Difficult
      OFFICE BUILDING
      $1,430,000
      Change: +8% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Englewood
    County
    Bergen
    State
    New Jersey
    Longitude
    -73.9793
    Latitude
    40.8816
    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
    $30,381
    $582,400
    $447,800
    $1,030,200
    -
    $582,400
    $447,800
    $1,030,200

    Comparable in this City

    • Value Estimation
      $5,020,000
      35,895 SF

      400 Dean St

      INDUSTRIAL (GENERAL) • 35,895 SF
      400 Dean St, Englewood, NJ 07631-4138
      View Details
    • Value Estimation
      $8,475,000
      94,080 SF

      500 Nordhoff Pl

      INDUSTRIAL (GENERAL) • 94,080 SF
      500 Nordhoff Pl, Englewood, NJ 07631-4815
      View Details
    • Value Estimation by Request
      2,400 SF

      166 Van Brunt St, Unit 180

      INDUSTRIAL (GENERAL) • 2,400 SF
      166 Van Brunt St, Englewood, NJ 07631-3438
      View Details
    • Value Estimation
      $545,000
      4,496 SF

      145 Coolidge Ave

      INDUSTRIAL (GENERAL) • 4,496 SF
      145 Coolidge Ave, Englewood, NJ 07631-4523
      View Details
    • Value Estimation
      $25,375,000
      69,160 SF

      100 Frst Ave

      INDUSTRIAL (GENERAL) • 69,160 SF
      100 Frst Ave, Englewood, NJ 07631-4035
      View Details
    • Value Estimation
      $3,600,000
      28,604 SF

      520 Dean St

      INDUSTRIAL (GENERAL) • 28,604 SF
      520 Dean St, Englewood, NJ 07631-4931
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      15,900 SF

      Englewood Industrial Space Available

      15,900 SF Flex Space, NNN Lease
      210 Van Brunt St, Englewood, NJ 07631
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    • $799,000

      Corner Industrial Building For Sale

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      Prime 15,900 SF industrial building, sale or lease.
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      Englewood Business Opportunity: Prime Location

      Established Business, High-Traffic Area, $175,000
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      Commercial Land For Sale

      Commercial land available for sale.
      60 Chestnut 4-B, Englewood, NJ 07631
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    • $650,000

      Spacious Corner Unit Apartment

      Two-bedroom apartment with modern kitchen and community amenities.
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    Similar Nearby for Lease

    • $15 SF/Yr
      15,900 SF

      Englewood Industrial Space For Lease

      15,900 SF Manufacturing/Warehouse in NJ
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      View Details
    • Contact for pricing
      7,500 SF

      Englewood Warehouse Space Available

      67,510 SF warehouse with easy access to major routes.
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      View Details
    • Contact for pricing
      6,618 SF

      Englewood Flex Space Available

      Flex space with tailboard loading, easy access to GWB.
      100 W Forest Ave, Englewood, NJ 07631
      View Details
    • Contact for pricing
      67,510 SF

      Englewood Warehouse Space Available

      67,510 SF warehouse with easy access to major routes.
      9 Smith St, Englewood, NJ 07631
      View Details
    • Contact for pricing
      43,540 SF

      Renovated Warehouse Space Available

      43,540 SF freestanding warehouse for lease in Englewood, NJ.
      475 South Dean St, Englewood, NJ 07631
      View Details
    • $20 SF/Yr

      Flex Space with Office/Warehouse Mix

      5,000 SF flex space with office and warehouse areas.
      14 W Forest Ave, Englewood, NJ 07631
      View Details
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    84 Honeck St
    Englewood, NJ 07631-4133
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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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