Five-Bay Auto
For Sale
$1,599,000
219 Route 9, Berkeley, NJ 08721
Commercial Sale, Berkeley, NJ
Property Size4,032 SF
Lot Size1.43 Acres
Price / SF$396.58
Days on Market303
Property Features for 219 Route 9
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning description
Commercial
Rooms
Basement
Parking features
Open
Interior features
Auto Bay
Basement
Partial
Directions
Across the street from the Wawa
Subdivision
Bayville
Standard status
Active
APN
06-00882-0000-00028-01
Size
4,032 SF
Lot size
1.43 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
14046
Utilities
Sewer type
Public Sewer
Water source
Public
Amenities
service counter
display area
waiting room
Building Details
Year built
1975
Floors in Building
1
Flooring type
Concrete
Listing Agency:
United Real Estate Associates
(609) 693-1000
Listed By:
Paul Quinn · License #8243839
(866) 626-2689
Added: Nov 12, 2025
Changed: Sep 4
Last Checked: Sep 11 at 5:06AM
MLS# 22534269
Copyright © 2026 More MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This 1975 auto shop occupies 4,032 square feet on a 1.43-acre parcel and includes five service bays with overhead doors. The building also provides a custom service counter, display space, waiting room, concrete flooring, and basement storage. Open parking supports customer and employee access, while public water and public sewer serve the property.
The facility is located at 219 Route 9 in Berkeley, NJ, adjacent to a traffic light that supports convenient ingress and egress. The property is situated within the HB Zone and offers a combination of automotive service improvements, customer-oriented areas, and usable site area.
The facility is located at 219 Route 9 in Berkeley, NJ, adjacent to a traffic light that supports convenient ingress and egress. The property is situated within the HB Zone and offers a combination of automotive service improvements, customer-oriented areas, and usable site area.
Key Highlights
- 4,032‑square‑foot auto shop on 1.43 acres
- Five service bays with overhead doors
- HB Zone commercial property
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$57,550
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.60%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,151,000
$1.2M
Cap Rate 7%
$822,143
$822.1K
Cap Rate 9%
$639,444
$639.4K
Market Conditions
NOI Build-Up for 4,032 SF
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.
Gross rent
$87.1K $21.60/SF
− Vacancy
−$4.9K −$1.21/SF
EGI
$82.2K $20.39/SF
− OpEx
−$24.7K −$6.12/SF
NOI
$57.5K $14.27/SF
Area
Ocean County, NJ
Vacancy
5.60%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,151,000
Cap Rate 7%
$822,143
Cap Rate 9%
$639,444
Alternative Uses
Best Use
Retail
$822.1K
$719.4K – $959.2K
NOI $57,550 @ 7.0% cap · market cap 3.60%
Second Best
Industrial
$646.5K
$565.7K – $754.3K
NOI $45,256 @ 7.0% cap · market cap 2.83%
Theoretical Best
Office A
$1.05M
$921.2K – $1.23M
NOI $73,699 @ 7.0% cap · market cap 4.61%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
5
Service bays
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
406
Businesses Nearby
54k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 67%
Apparel 15%
Dining 9%
Home Improvements & Furnishings 7%
Wawa
Shops & Services
29,436 visits/mo
0.1 miles
Goodwill
Apparel
7,922 visits/mo
0.4 miles
Speedway
Shops & Services
4,262 visits/mo
0.4 miles
A's Hardware & Grdn Ctr Inc
Home Improvements & Furnishings
3,635 visits/mo
0.4 miles
Jersey Mike's Subs
Dining
3,171 visits/mo
0.4 miles
Demographics for 08721, NJ
22,050
Population
9,343
Households
2.4
Avg Household Size
42
Median Age
28%
College-Educated
93%
High-School Grad
23.7 sq mi
ZIP Area
930
Density / Sq Mi
$104,361
Median Household Income
$54,594
Median Earnings
$1,595
Median Rent
$353,900
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in Northeast region
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Similar Off Market Nearby
- Committed to Excellence, LLC — mobile various, Bayville, NJ 08721
- Affordable Auto Repair Inc — Berkeley Township, NJ 08721
- Midas — 440 US-9 South, Bayville, NJ 08721
- V & P Automotive Inc — 399 atlantic city blvd, bayville, nj 08721
- J&J Affordable Auto & Detailing — 385 atlantic city blvd, bayville, nj 08721
Frequently Asked Questions
What type of property is this?
Auto shop - Commercial automotive facility with overhead doors, customer-facing service areas, and open parking in an HB-zoned setting.
Where is this auto shop located?
The property is located at 219 Route 9 Berkeley, NJ.
What is the asking price?
The asking price for this property is $1,599,000.
What are key features of this property?
This property features: 4,032‑square‑foot auto shop on 1.43 acres; Five service bays with overhead doors; HB Zone commercial property
