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

    194 The Plz Teaneck, NJ 07666

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    2,500 SF commercial space in vibrant Teaneck Plaza.

    We can help!

    Listing Contact
    Andrew Somple, Sior
    Source: Naihanson

    Listing Agent: Andrew Somple, Sior

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Overview

    Teaneck Plaza Commercial Space

    This two-story commercial building features a 2,500-SF fully air-conditioned space on the second floor of a 5,000-SF structure. Previously tailored for healthcare or wellness, the layout includes a conference room with an adjacent restroom, a private office, a kitchen/staff room, a locker room with an adjacent restroom, a massage/aromatherapy room, and an open area formerly used for exercise/therapy. The versatile layout is functional for general office, wellness, or therapy use. Located in the heart of Teaneck, in Bergen County's vibrant Plaza commercial district, the property benefits from high visibility and accessibility. The location is minutes from Routes 4, I-95, and I-80, offering regional access. The property has a Walk Score of 85 due to its proximity to shopping, amenities, and easy connections to the broader NYC metro region. Zoned B1 for varied commercial use, this space is a turnkey solution for office or health-related tenants ready to customize.
    Location Intelligence

    Current Use by Public Records

    Harry Nafpliotis, PT Physician Francisco Fernan Physician Kessler Rehabilitation Center ... Medical Clinic Hellenic Health Professionals Charitable Organization

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop 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
    -74.0055922
    Latitude
    40.9021212

    Nearby Similar for Lease

    • $40 SF/Yr
      305,791 SF

      Teaneck Office Space For Rent

      Office and creative space available in Bergen County, New Jersey.
      500 Frank W Burr Blvd, Teaneck, NJ 07666
      View Details
    • Contact for pricing
      23,098 SF

      Medical Office Space in Teaneck

      Medical office suites for lease in established Teaneck medical building.
      870 Palisade Ave, Teaneck, NJ 07666
      View Details
    • $18 SF/Yr
      4,400 SF

      Dental Office with Income Potential

      Two-story office building with leased dental office and vacancy.
      696 Palisade Ave, Teaneck, NJ 07666
      View Details
    • $30 SF/Yr
      2,200 SF

      Teaneck Retail/Office Space Available

      Charming space with conference room and municipal parking.
      517 Cedar Ln, 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
    • $14 SF/Yr

      Freestanding Office Building Near Cedar

      Freestanding office building with parking and full basement available now.
      822 Palisade Ave, Teaneck, NJ 07666
      View Details
    • Contact for pricing

      Teaneck Plaza Commercial Space

      2,500 SF commercial space in vibrant Teaneck Plaza.
      194 The Plz, Teaneck, NJ 07666
      View Details
    • $14 SF/Yr

      Freestanding Office Building Near Cedar

      Freestanding office building with parking, near major highways.
      822 Palisade Ave, Teaneck, NJ 07666
      View Details
    • Contact for pricing
      23,098 SF

      Teaneck Medical Office Space Available

      Medical office suites for lease in established Teaneck building.
      870 Palisade Ave, Teaneck, NJ 07666
      View Details
    • $18 SF/Yr

      Teaneck Office Space Available

      Office space for rent in Teaneck, New Jersey.
      696 Palisade Ave, Teaneck, NJ 07666
      View Details
    • Contact for pricing
      2,000 SF

      Professional Office Space Available

      Second-floor office space with multiple rooms and included utilities.
      815 Elm Ave, Teaneck, NJ 07666
      View Details
    • Contact for pricing
      2,500 SF

      Teaneck Office/Wellness Space for Rent

      2,500 SF office/wellness space in Teaneck's Plaza district.
      196 The Plz, Teaneck, NJ 07666
      View Details

    FAQs

    What type of property is this?
    Office units - 2,500 SF commercial space in vibrant Teaneck Plaza.
    Where is this office units located?
    The property is located at 194 The Plz Teaneck, NJ.
    What are key features of this property?
    This property features: - Prime location in Teaneck's vibrant Plaza commercial district with high visibility and accessibility.; - **2,500 SF fully air-conditioned space, ready for immediate occupancy.**; - Versatile layout suitable for general office, wellness, or therapy use.
    (201) 488-5800
    Request Owner's contact information
    194 The Plz Teaneck, NJ 07666
    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.
    194 The Plz
    Teaneck, NJ 07666
    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
    194 The Plz Teaneck, NJ 07666
    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

    We can help!
    Listing Contact
    Andrew Somple, Sior
    (201) 488-5800 (201) 478-7396
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!