Teaneck Office/Flex Building For
For Sale
$2,900,000
111 Galway Pl, Teaneck, NJ 07666
Spacious office/flex building in high-traffic Teaneck location.
Property Size16,000 SF
Lot Size0.86 Acres
Price / SF$181.25
Days on Market1155
Property Features for 111 Galway Pl
General Information
Standard status
Active
Size
16,000 SF
Lot size
0.86 Acres
Property subtype
Commercial
Taxes and HOA fees
Annual Taxes
$47,746
Amenities
Central air
Central Air Cooling
Flat Roof
Forced Hot Air Heating
Multi-Zone Cooling
Parking Lot-Exclusive
Building Details
Year Built
1966
Listing Agency:
RE/MAX SELECT
(201) 337-5555
Listed By:
THOMAS RUSSO · License #0896342
(201) 240-5200
Source:
Corcoran
Added: Sep 7, 2023
Changed: Aug 21
Last Checked: Aug 25 at 9:09AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of RE/MAX SELECT
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Located at 111 Galway Place in Teaneck, NJ, this expansive office/flex building offers a strategic and high-traffic location. The property contains 16,000 square feet of versatile space with high ceilings and easy access to major highways. It is suitable for a range of industries and development projects. The property is zoned L1.
Key Highlights
- Strategic, high‑traffic location for maximum business exposure.
- Versatile office/flex building suitable for various industries.
- Easy access to major highways.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$244,800
Cap Rate
8.44%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,896,000
$4.9M
Cap Rate 7%
$3,497,143
$3.5M
Cap Rate 9%
$2,720,000
$2.7M
Market Conditions
NOI Build-Up for 16,000 SF
Gross rent
$480.0K $30.00/SF
− Vacancy
−$153.6K −$9.60/SF
EGI
$326.4K $20.40/SF
− OpEx
−$81.6K −$5.10/SF
NOI
$244.8K $15.30/SF
Area
Bergen County, NJ
Vacancy
32.00%
Lease Rate
$30.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,896,000
Cap Rate 7%
$3,497,143
Cap Rate 9%
$2,720,000
Alternative Uses
Best Use
Office B
$3.50M
$3.06M – $4.08M
NOI $244,800 @ 7.0% cap · market cap 8.44%
Second Best
Flex RnD
$3.02M
$2.64M – $3.52M
NOI $211,162 @ 7.0% cap · market cap 7.28%
Theoretical Best
Office A
$4.18M
$3.66M – $4.87M
NOI $292,454 @ 7.0% cap · market cap 10.08%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
903
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 07666, NJ
41,246
Population
13,851
Households
3
Avg Household Size
41
Median Age
54%
College-Educated
93%
High-School Grad
6.0 sq mi
ZIP Area
6,874
Density / Sq Mi
$134,311
Median Household Income
$59,144
Median Earnings
$1,850
Median Rent
$496,400
Median Home Value
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Market
Vacancy Rate% for Office in Northeast region
Similar Off Market Nearby
- Network Doctor — 141 ayers ct, teaneck, nj 07666
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Frequently Asked Questions
What type of property is this?
Office space - Spacious office/flex building in high-traffic Teaneck location.
Where is this office space located?
The property is located at 111 Galway Pl Teaneck, NJ.
What is the asking price?
The asking price for this property is $2,900,000.
What are key features of this property?
This property features: Strategic, high‑traffic location for maximum business exposure.; Versatile office/flex building suitable for various industries.; Easy access to major highways.
