Add Listing
    For Lease
    • For Sale
    • For Lease
    • Sold
    • Property Lookup
    • Brokers
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    308 Queen Anne Rd Teaneck, NJ 07666

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Lease
    $1,750 /Mo

    Retail space for lease in a visible location.

    Type:Commercial
    Lot size:
    0.12 Acres
    Added:
    Feb 6, 2025
    Days on Market:
    450
    Last Refresh:
    Apr 5 at 8:38 pm

    Property Features for 308 Queen Anne Rd

    General Information

    Standard status
    Active
    Lot size
    0.12 Acres
    Property subtype
    Commercial

    Building Details

    Year Built
    1935

    We can help!

    Listing Contact
    HEDY WEISS

    Listing agent HEDY WEISS

    Listing office COLDWELL BANKER REALTY WYK

    Listing date Feb 6, 2025

    Source Corcoran

    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 COLDWELL BANKER REALTY WYK

    Overview

    Queen Anne Road Retail Space

    This is an opportunity to lease approximately 500 square feet of retail space in a highly visible location on the west side of Queen Anne Road. It is the center unit in a three-unit strip mall. The space features two large bay windows and a glass entrance door, along with eastern exposure. The renovated retail/office storefront includes a combination electric heat and air conditioning unit and a private powder room. There are front and rear doors. The tenant is responsible for electric, water, snow removal, and the first $150 of each repair. The landlord requires two months' security, tenant's insurance naming the landlord as additionally insured, and a favorable credit report. All tenants are required to fill out an NTN rental application.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Martin & Sons Roofing ... Big Box & Wholesale Store Jessie Marrero Photography Photography Service ATM Atm

    Suggested Use

    Law Firm Restaurant Real Estate Agency Spa & Massage Center Hair Salon Dental Office Nail Salon Food Market Grocery & Convenience Store Gym & Fitness Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Teaneck
    County
    Bergen
    State
    New Jersey
    Longitude
    -74.0211
    Latitude
    40.8743

    Nearby Similar for Lease

    • $40 SF/Yr

      Teaneck Office Space For Rent

      Office and creative space available in Bergen County, New Jersey.
      500 Frank W Burr Blvd, Teaneck Twp., NJ 07666
      View Details
    • Contact for pricing

      Renovated Corner Office Space Available

      Newly renovated office space for rent in excellent location.
      1029 Teaneck #3C, Teaneck, NJ 07666
      View Details
    • $1,150/Mo

      Teaneck Office Units For Rent

      Office units available for lease in Teaneck, New Jersey.
      1217 Teaneck, Teaneck, NJ 07666
      View Details
    • Contact for pricing

      Teaneck Flex Space For Rent

      900 SF office and 500 SF warehouse space available.
      252 Degraw, Teaneck, NJ 07666
      View Details
    • $2,950/Mo

      Office with Warehouse Space Available

      Freestanding office with warehouse space, ideal for contractors.
      12 Orchard, Teaneck, NJ 07666
      View Details
    • $18 SF/Yr

      Dental Office with Income Potential

      Two-story office building with leased dental office and vacancy.
      696 Palisade Ave, Teaneck, NJ 07666
      View Details
    • Contact for pricing

      Teaneck Medical Office Suites

      Medical office suites for lease in established Teaneck building.
      870 Palisade Ave, Teaneck, NJ 07666
      View Details
    • $40 SF/Yr

      Prime Bergen County Creative Space

      Gorgeous office space in Teaneck's Glenpointe building available for rent.
      500 Frank W Burr Blvd, Teaneck Twp., NJ 07666
      View Details
    • Contact for pricing

      Teaneck Plaza Commercial Space

      2,500 SF commercial space in vibrant Teaneck Plaza.
      194 The Plaza, Teaneck, NJ 07666
      View Details
    • Contact for pricing

      Teaneck Plaza Commercial Space

      2,500 SF commercial space in vibrant Teaneck Plaza.
      194 The Plaza, Teaneck, NJ 07666
      View Details
    • $3,000/Mo

      Professional Office Space Available

      Well-maintained office suite with private offices and 24-hour access.
      1178-1182 Teaneck #207, Teaneck, NJ 07666
      View Details
    • $1,150/Mo

      Teaneck Office Units Available

      Two office units available for lease in Teaneck, NJ.
      1217 Teaneck, Teaneck, NJ 07666
      View Details

    FAQs

    What type of property is this?
    Retail space - Retail space for lease in a visible location.
    Where is this retail space located?
    The property is located at 308 Queen Anne Rd Teaneck, NJ.
    What is the lease rate?
    The lease rate is $1,750 /Mo.
    What are key features of this property?
    This property features: Highly visible location on the west side of Queen Anne Rd.; Renovated retail/office storefront with two huge bay windows and glass entrance door.; 500 sf (approx) center unit in a 3‑unit strip mall.
    (201) 891-6700
    We can help!
    Listing Contact
    HEDY WEISS
    Learn More
    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.
    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

    308 Queen Anne Rd, Teaneck Twp., NJ 07666

    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!