Auto Repair Shop with Spray
For Sale
$1,300,000
46 Georgetown Road, Wrightstown, NJ 08562
Commercial Sale, Wrightstown, NJ
Property Size3,000 SF
Lot Size1.82 Acres
Price / SF$433.33
Days on Market264
Property Features for 46 Georgetown Road
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
commerical
Parking
300
Parking features
Parking Lot
Lot features
Commercial Area, Industrial Area
Directions
see google map
Standard status
Active
APN
2600610000000023
Size
3,000 SF
Lot size
1.82 Acres
Taxes and HOA fees
Tax Year
2024
Tax Annual Amount
8091
Utilities
Utilities
Propane
Sewer type
Public Sewer
Cooling system
Window Unit(s)
Water source
Private, Public
Amenities
spray booth
Building Details
Floors in Building
1
Flooring type
Concrete
Building materials
Vinyl Siding
Listing Agency:
DAVIS REALTORS
(732) 254-6700
Listed By:
Ruby Bhalla
(347) 220-2770
Added: Dec 30, 2025
Changed: Sep 11
Last Checked: Sep 20 at 2:06AM
MLS# 2608920R
Copyright © 2026 All Jersey 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.
Located at 46 Georgetown Road in Wrightstown, NJ, this automotive property includes two contiguous lots improved with a repair shop and office trailer. The site is currently operating as a used car dealership with on-site service capabilities and includes a fully equipped repair facility with a spray booth. Concrete flooring, vinyl siding, window-unit cooling, propane service, and a parking lot are among the existing property features.
The property is less than 15 minutes from the Bordentown Manheim Auto Auction and offers access to Routes 206 and 130, as well as the New Jersey Turnpike. Its existing automotive improvements and current service-oriented operation support continued consideration by automotive users, subject to applicable approvals and compliance requirements.
The property is less than 15 minutes from the Bordentown Manheim Auto Auction and offers access to Routes 206 and 130, as well as the New Jersey Turnpike. Its existing automotive improvements and current service-oriented operation support continued consideration by automotive users, subject to applicable approvals and compliance requirements.
Key Highlights
- Fully equipped repair facility with spray booth
- Two contiguous lots at 46 Georgetown Road, Wrightstown, NJ 08562
- Currently operating as a used car dealership with on‑site service capabilities
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
$44,862
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
3.45%
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%
$897,240
$897.2K
Cap Rate 7%
$640,886
$640.9K
Cap Rate 9%
$498,467
$498.5K
Market Conditions
NOI Build-Up for 3,000 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
$67.3K $22.44/SF
− Vacancy
−$3.2K −$1.08/SF
EGI
$64.1K $21.36/SF
− OpEx
−$19.2K −$6.41/SF
NOI
$44.9K $14.95/SF
Area
Burlington County, NJ
Vacancy
4.80%
Lease Rate
$22.44 /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%
$897,240
Cap Rate 7%
$640,886
Cap Rate 9%
$498,467
Alternative Uses
Best Use
Industrial
$5.17M
$4.52M – $6.03M
NOI $361,703 @ 7.0% cap · market cap 27.82%
Second Best
Retail
$640.9K
$560.8K – $747.7K
NOI $44,862 @ 7.0% cap · market cap 3.45%
Theoretical Best
Warehouse
$6.27M
$5.49M – $7.32M
NOI $439,211 @ 7.0% cap · market cap 33.79%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
40
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 08562, NJ
5,025
Population
1,768
Households
2.8
Avg Household Size
42
Median Age
30%
College-Educated
89%
High-School Grad
16.7 sq mi
ZIP Area
301
Density / Sq Mi
$89,766
Median Household Income
$45,065
Median Earnings
$1,048
Median Rent
$271,200
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Auto shop - Automotive facility with an equipped service area, office trailer, and parking lot.
Where is this auto shop located?
The property is located at 46 Georgetown Road Wrightstown, NJ.
What is the asking price?
The asking price for this property is $1,300,000.
What are key features of this property?
This property features: Fully equipped repair facility with spray booth; Two contiguous lots at 46 Georgetown Road, Wrightstown, NJ 08562; Currently operating as a used car dealership with on‑site service capabilities
