Automotive Service Corner
For Sale
$1,695,000
1-369 New Brunswick Ave, Fords, NJ 08861
Corner retail and automotive site with open space and parking for service-focused operations and contractor use in an active corridor.
Property Size4,064 SF
Price / SF$417.08
Days on Market143
Property Features for 1-369 New Brunswick Ave
General Information
Standard status
Active
Size
4,064 SF
Taxes and HOA fees
Annual Taxes
$20,279
Listing Agency:
KELLER WILLIAMS CORNERSTONE
(908) 359-0893
Listed By:
KIM MARKS
Source:
Exprealty
Added: Mar 24
Changed: Aug 9
Last Checked: Aug 12 at 2:22PM
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 KELLER WILLIAMS CORNERSTONE
Investment Insights
Based on property information with market context.
This long-established commercial property sits on a highly visible corner lot and has been family owned and operated since the early 1950s. The site is positioned to support automotive service and related commercial activities, with the flexibility that comes from valuable open space and meaningful parking capacity. The property’s continued use as a stable business location is reflected in its straightforward, operations-oriented setup.
The property is located along New Brunswick Avenue in Fords, New Jersey, providing strong exposure and accessibility for passing customers and daily business traffic. It is also positioned just 3.9 miles from the Outerbridge Crossing, offering convenient access to Staten Island and the greater New York City area.
For buyers and operators, this is a practical fit for automotive service use and contractor-oriented businesses seeking a corner location with parking and room to operate. The combination of visibility, accessibility, and onsite open space can support day-to-day work needs and customer access, making it a compelling option for those looking to acquire a long-held commercial corner property in the area.
The property is located along New Brunswick Avenue in Fords, New Jersey, providing strong exposure and accessibility for passing customers and daily business traffic. It is also positioned just 3.9 miles from the Outerbridge Crossing, offering convenient access to Staten Island and the greater New York City area.
For buyers and operators, this is a practical fit for automotive service use and contractor-oriented businesses seeking a corner location with parking and room to operate. The combination of visibility, accessibility, and onsite open space can support day-to-day work needs and customer access, making it a compelling option for those looking to acquire a long-held commercial corner property in the area.
Key Highlights
- Commercial property on a highly visible corner lot along New Brunswick Avenue in Fords, NJ
- Family owned and operated since the early 1950s
- Serves as a long‑established business location with access and exposure to an active corridor
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
$58,007
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
3.42%
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%
$1,160,140
$1.2M
Cap Rate 7%
$828,671
$828.7K
Cap Rate 9%
$644,522
$644.5K
Market Conditions
NOI Build-Up for 4,064 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
$87.8K $21.60/SF
− Vacancy
−$4.9K −$1.21/SF
EGI
$82.9K $20.39/SF
− OpEx
−$24.9K −$6.12/SF
NOI
$58.0K $14.27/SF
Area
Middlesex 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%
$1,160,140
Cap Rate 7%
$828,671
Cap Rate 9%
$644,522
Alternative Uses
Best Use
Retail
$828.7K
$725.1K – $966.8K
NOI $58,007 @ 7.0% cap · market cap 3.42%
Second Best
Industrial
$651.6K
$570.2K – $760.3K
NOI $45,615 @ 7.0% cap · market cap 2.69%
Theoretical Best
Office A
$1.06M
$928.5K – $1.24M
NOI $74,283 @ 7.0% cap · market cap 4.38%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
2,226
Businesses Nearby
77k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 68%
Groceries 12%
Electronics 8%
Dining 7%
PNC Bank
Shops & Services
13,747 visits/mo
0.1 miles
Chase Bank
Shops & Services
12,006 visits/mo
0.1 miles
C-Town Supermarkets
Groceries
9,453 visits/mo
0.2 miles
Dollar General
Shops & Services
6,535 visits/mo
0.1 miles
7-Eleven
Shops & Services
5,714 visits/mo
0.3 miles
Demographics for 08861, NJ
58,039
Population
21,032
Households
2.8
Avg Household Size
35
Median Age
16%
College-Educated
70%
High-School Grad
5.1 sq mi
ZIP Area
11,380
Density / Sq Mi
$60,464
Median Household Income
$34,093
Median Earnings
$1,623
Median Rent
$340,900
Median Home Value
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 - Corner retail and automotive site with open space and parking for service-focused operations and contractor use in an active corridor.
Where is this auto shop located?
The property is located at 1-369 New Brunswick Ave Fords, NJ.
What is the asking price?
The asking price for this property is $1,695,000.
What are key features of this property?
This property features: Commercial property on a highly visible corner lot along New Brunswick Avenue in Fords, NJ; Family owned and operated since the early 1950s; Serves as a long‑established business location with access and exposure to an active corridor
