Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Teaneck Multi-Tenant Office/Medical Asset Title is generated by Realmo AI

    1178-1182 Teaneck Rd, Teaneck, NJ 07666

    View on Map
    Claim this Listing
    For Sale
    $1,450,000

    Versatile 7,534 SF office/medical building in Teaneck's West Englewood.

    Type:Office
    Property size:
    7,534 SF
    Price / SF:
    $192/SF
    Added:
    Apr 11, 2026
    Days on Market:
    57
    Last Refresh:
    Apr 11 at 8:01 pm

    Property Features for 1178-1182 Teaneck Rd

    General Information

    Standard status
    Active
    Size
    7,534 SF
    Property subtype
    Office

    Building Details

    Year Built
    1950

    We can help!

    Listing Contact
    Stephen Crocitto

    Listing agent Stephen Crocitto License #License(s): NJ: 2294113

    Listing office Marcus & Millichap | New Jersey

    Listing date Apr 11, 2026

    Source Marcusmillichap

    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

    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.
    • Flexible B‑R zoning allows for office, medical, and potential residential uses, providing income stability and repositioning potential.
    • Available ±2,014 SF corner suite for immediate occupancy, ideal for owner‑user or lease‑up.
    • 14 on‑site parking spaces and 5 storage garages, with recently paved lot, ensuring convenience for tenants and visitors.

    Overview

    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.

    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 (±1% cap)
    NOI $115,270 @ 7.0% cap · market cap 7.95%
    Second Best
    Healthcare Medical
    $1.60M
    $1.40M – $1.87M (±1% cap)
    NOI $112,178 @ 7.0% cap · market cap 7.74%
    Theoretical Best
    Office A
    $1.97M
    $1.72M – $2.30M (±1% cap)
    NOI $137,709 @ 7.0% cap · market cap 9.50%
    Zoning and permitted uses should be independently verified with local authorities.
    Location Intelligence

    Current Use by Public Records

    GilMORE Realty LLC Property Management Company

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Daycare 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
    -74.0021365
    Latitude
    40.8935384

    Nearby Similar for Sale

    • $690,000

      Teaneck Storefronts: Investment Opportunity

      Three leased storefronts in Teaneck, offering immediate income.
      306-310 Queen Anne, Teaneck, NJ 07666
      View Details
    • $690,000
      2,183 SF

      Teaneck Investment Opportunity

      Well-maintained commercial building with three leased storefronts.
      306 Queen Anne Rd, Teaneck Twp., NJ 07666
      View Details
    • $459,900

      Prime Cedar Lane Retail Opportunity

      Retail property in high-traffic area with tenant or owner-occupancy potential.
      429 Cedar, Teaneck, NJ 07666
      View Details
    • $62,000

      Profitable Convenience Store with Lottery

      Turnkey convenience store with lottery and money gram in Teaneck.
      1209 Teaneck, Teaneck, NJ 07666
      View Details
    • $43,000
      1,100 SF

      Turnkey Organic Dry Cleaning Business

      Established organic dry cleaning business for sale in Teaneck, NJ.
      1150 Teaneck, Teaneck, NJ 07666
      View Details
    • $69,000

      Teaneck Auto Repair Business

      Established auto repair business for sale in prime Teaneck location.
      457 Teaneck, Teaneck, NJ 07666
      View Details
    • Contact for pricing
      23,098 SF

      Teaneck Medical Office Building For Sale

      Medical office building in Teaneck's healthcare corridor.
      870 Palisade Ave, Teaneck, NJ 07666
      View Details
    • Contact for pricing
      23,098 SF

      Teaneck Medical Office Building For Sale

      Medical office building in Teaneck's healthcare corridor, near Holy Name.
      870 Palisade Ave, Teaneck, NJ 07666
      View Details
    • $1,450,000
      5,300 SF

      Prime Retail Space on Cedar

      Highly visible retail space in Teaneck's commercial corridor.
      519 Cedar Ln, Teaneck, NJ
      View Details
    • $1,450,000

      Teaneck Road Office Opportunity

      Office building for sale in Teaneck, New Jersey.
      1178 Teaneck Rd, Teaneck, NJ 07666
      View Details
    • $2,500,000

      Mixed-Use Buildings in Prime Location

      Two mixed-use buildings with parking and reliable tenants.
      250-258 Degraw, Teaneck, NJ 07666
      View Details
    • $699,000

      Mixed-Use Building in High-Traffic Area

      Mixed-use building with restaurant and apartment in Teaneck, NJ.
      267 Degraw, Teaneck, NJ 07666
      View Details

    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.
    (201) 742-6179
    We can help!
    Listing Contact
    Stephen Crocitto
    Real Estate License ID: License(s): NJ: 2294113
    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
    1178-1182 Teaneck Rd, Teaneck, 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!