Teaneck Multi-Tenant Office/Medical
1178-1182 Teaneck Rd Teaneck, NJ 07666
1178-1182 Teaneck Rd, Teaneck, NJ, 07666
$1,450,000
For Sale
$1,450,000
Versatile 7,534 SF office/medical building in Teaneck's West Englewood.
Property Size7,534 SF
Price / SF$192.46
Days on Market102
Property Features for 1178-1182 Teaneck Rd
General Information
- Standard status
- Active
- Size
- 7,534 SF
- Property subtype
- Office
Building Details
- Year Built
- 1950
Listing agency
Marcus & Millichap | New Jersey
(201) 742-6179
Listed by
Stephen Crocitto · License #License(s): NJ: 2294113
(201) 742-6179
Source
Marcusmillichap
Added: Apr 11 Updated: Jul 10 at 1:15PM Checked: Jul 21 at 3:08AM
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 Marcus & Millichap | New Jersey
Investment Insights
Based on property information with market context.
The property at 1178-1182 Teaneck Road is a multi-tenant office and medical asset located in the West Englewood neighborhood of Teaneck. The 3-story building has a total area of 7,534 square feet and features a mix of professional office layouts with private offices and flexible open space. It is suitable for medical, professional services, or owner-occupiers. The property includes 14 on-site parking spaces, 5 storage garages, and a recently paved lot. The building is anchored by a diverse tenant base, including short-term and month-to-month leases. A corner suite of approximately 2,014 square feet is currently available for immediate occupancy. The property benefits from flexible zoning (B-R), which allows for office, medical, and potential residential uses. The property is located steps from Holy Name Medical Center and other major medical and professional services, providing strong visibility and accessibility along Teaneck Road. The surrounding area features a well-educated, diverse, and affluent population. The property is in proximity to Route 4 and dense residential neighborhoods, offering a compelling opportunity for investors, developers, and owner-users seeking a stable, income-producing property with upside potential.
Key Highlights
- Prime location in Teaneck's West Englewood, steps from Holy Name Medical Center, ensuring high visibility and accessibility.
- Versatile 7,534 SF building suitable for medical, professional services, or owner‑occupiers with flexible office layouts.
- Immediate income from diverse tenant base with short‑term leases, offering significant value‑add opportunities.
Local Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $226.0k | $30.00 |
| − Vacancy | −$72.3k | −$9.60 |
| EGI | $153.7k | $20.40 |
| − OpEx | −$38.4k | −$5.10 |
| NOI | $115.3k | $15.30 |
7,534 SF · lease $30.00/SF/yr · vacancy 32.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$1.65M
$1.44M – $1.92M
NOI $115,270 @ 7.0% cap · market cap 7.95%
Second Best
Healthcare Medical
$1.60M
$1.40M – $1.87M
NOI $112,178 @ 7.0% cap · market cap 7.74%
Theoretical Best
Office A
$1.97M
$1.72M – $2.30M
NOI $137,709 @ 7.0% cap · market cap 9.50%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
GilMORE Realty LLC
Property Management Company
Similar For Sale Nearby
FAQs
What type of property is this?
Office building - Versatile 7,534 SF office/medical building in Teaneck's West Englewood.
Where is this office building located?
The property is located at 1178-1182 Teaneck Rd Teaneck, NJ.
What is the asking price?
The asking price for this property is $1,450,000.
What are key features of this property?
This property features: Prime location in Teaneck's West Englewood, steps from Holy Name Medical Center, ensuring high visibility and accessibility.; Versatile 7,534 SF building suitable for medical, professional services, or owner‑occupiers with flexible office layouts.; Immediate income from diverse tenant base with short‑term leases, offering significant value‑add opportunities.
