Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Sold
    • Property Lookup
    • Brokers
    87 Old River St, Unit 3 Hackensack, NJ 07601

    Property Lookup

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

    87 Old River St, Unit 3 Hackensack, NJ 07601

    View on Map
    • Commercial real estate
    • 3,046 SF
    • 0.16 lot acres
    For Sale
    View Listing →
    Hackensack Office Unit For Sale For Sale
    Contact for pricing
    3,046 SF

    Hackensack Office Unit For Sale

    Furnished office unit in Hackensack with shared conference room.

    87 Old River Street #3, Hackensack, NJ 7601
    View Listing
    Property ID
    US59-1850597
    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.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • The Benmoore Construction Group / Construction Company
    • Angels Care LLC / Home Health Care Service
    • Blast Chimney Services & Repair And Roofing Repair And Air Duct Cleaning Services In HACKENSACK LLC / Construction Company / General Contractor
    • Hackensack Raccoon Removal / Animal Shelter / Pet Adoption Service

    Property Details for 87 Old River St

    Construction
    FRAME
    Lot size
    0.16 lot acres
    Property size
    3,046 SF
    Property type
    Commercial real estate
    APN
    23 00204-0000-00020
    APU
    2300204000000020

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Hackensack
    County
    Bergen
    State
    New Jersey
    Longitude
    -74.0425
    Latitude
    40.8805
    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
    $14,954
    $364,300
    $115,700
    $480,000
    -
    $364,300
    $115,700
    $480,000

    Comparable in this City

    • Value Estimation by Request
      0.17 Acres

      403 Park St

      COMMERCIAL (GENERAL) • 0.17 Acres
      403 Park St, Hackensack, NJ 07601
      View Details
    • Value Estimation by Request
      0.00 Acres

      418 Main St

      COMMERCIAL (GENERAL) • 0.00 Acres
      418 Main St, Hackensack, NJ 07601-5978
      View Details
    • Value Estimation by Request
      0.21 Acres

      3 Smt Ave

      COMMERCIAL (GENERAL) • 0.21 Acres
      3 Smt Ave, Hackensack, NJ 07601
      View Details
    • Value Estimation
      $1,290,000
      9,658 SF

      30 Newman St

      COMMERCIAL (GENERAL) • 9,658 SF
      30 Newman St, Hackensack, NJ 07601-3307
      View Details
    • Value Estimation
      $21,035,000
      184,920 SF

      175 Atlantic St

      COMMERCIAL (GENERAL) • 184,920 SF
      175 Atlantic St, Hackensack, NJ 07601
      View Details
    • Value Estimation
      $510,000
      2,184 SF

      200-18 State 38th Banta

      COMMERCIAL (GENERAL) • 2,184 SF
      200-18 State 38th Banta, Hackensack, NJ 07601
      View Details

    Similar Nearby for Sale

    • $2,500,000

      Hackensack Commercial Property Investment

      Prime Hackensack location, $2.5M asking price.
      294-298 State St, Hackensack, NJ 07601
      View Details
    • Contact for pricing

      Hackensack Commercial Property Investment

      High Street, Hackensack, NJ - $4,500
      238 High St, Hackensack, NJ 07601
      View Details
    • Contact for pricing
      0.34 Acres

      Hackensack Office Space - Prime Location

      Newly renovated office, ideal for businesses.
      State St, Hackensack, NJ 07601
      View Details
    • Contact for pricing

      Fully Occupied Downtown Investment Property

      Four-unit investment property with residential and commercial tenants in Hackensack.
      825 Main St, Hackensack, NJ 07601
      View Details
    • Contact for pricing
      1,908 SF

      Hackensack Office Building For Sale

      1908 sq ft office building in mixed-use Hackensack location.
      118 Hudson St, Hackensack, NJ 07601
      View Details
    • $3,999,999

      Hackensack Office Building For Sale

      28,897 SF office building near courthouse and HUMC.
      75 Essex St, Hackensack, NJ 07601
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Retail Space For Rent

      Retail space available, ranging from 1,500 to 4,200 square feet.
      210 River St, Hackensack, NJ 07601
      View Details
    • Contact for pricing

      Medical Condo Units Near Hospital

      Medical condo units near Hackensack University Medical Center and Rt 80.
      90 Prospect Ave, Hackensack, NJ 07601
      View Details
    • Contact for pricing
      335,000 SF

      Hackensack Office Building For Rent

      Office building in downtown Hackensack with convenient transportation access.
      19-21-25 Main St, Hackensack, NJ 07601
      View Details
    • Contact for pricing
      9,887 SF

      Class A Office Complex

      335,000 SF Class A office space for rent.
      19 Main St, Hackensack, NJ 07601
      View Details
    • Contact for pricing

      Hackensack Professional Office Suite

      Professional 3-room office suite in Hackensack, NJ for rent.
      419 Essex St, Hackensack, NJ 07601
      View Details
    • $1,000 /Mo

      Renovated Retail/Office Space Available

      Recently renovated first-floor unit suitable for retail or office use.
      200 Central Ave, Hackensack, NJ 07601
      View Details
    View Listing
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    87 Old River St, Unit 3
    Hackensack, NJ 07601
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry

    87 Old River St, Hackensack, NJ, 07601

    letter with green check mark
    Check your email

    We sent you the

    agent's contact details. yellow underline

    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!