Building Details

Building Size 3,100 SF

Year Built 1930

Stories 1

Units 1

Listing Agency: Keller Williams Realty

Listed By: Michael Martinetti · License #297275 Show Phone

Source: Cammarotarealestate

Added: Aug 11 Changed: Oct 22 Last Checked: Oct 22 at 2:16PM

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Investment Insights

Based on property information with market context.

This automotive property contains 3,100 square feet, including a dedicated office and two garages. Two half bathrooms are located outdoors, and assigned parking is available. The building has a flat roof and electric utilities. It was constructed in 1930 and is zoned Comercial.

The property occupies a corner lot on E Elizabeth Ave in Linden City, New Jersey. The building does not have a kitchen or central air conditioning.

Key Highlights

• 3,100‑square‑foot automotive property
• Two on‑site garages and a dedicated office
• Two outdoor half bathrooms

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$44,247

Cap Rate

5.54%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$884,940 $884.9K

Cap Rate 7%

$632,100 $632.1K

Cap Rate 9%

$491,633 $491.6K

Is this asking price fair?

Market Conditions

NOI Build-Up for 3,100 SF

Gross rent

$67.0K $21.60/SF

− Vacancy

−$3.7K −$1.21/SF

EGI

$63.2K $20.39/SF

− OpEx

−$19.0K −$6.12/SF

NOI

$44.2K $14.27/SF

Area

Union 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 Rate 5%

$884,940

Cap Rate 7%

$632,100

Cap Rate 9%

$491,633

Alternative Uses

Best Use

Retail

$632.1K

$553.1K – $737.5K (±1% cap)

NOI $44,247 @ 7.0% cap · market cap 5.54%

Second Best

Industrial

$497.1K

$434.9K – $579.9K (±1% cap)

NOI $34,795 @ 7.0% cap · market cap 4.35%

Theoretical Best

Office A

$809.5K

$708.3K – $944.4K (±1% cap)

NOI $56,663 @ 7.0% cap · market cap 7.09%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Current Use

Auto shops

Suggested Use

Top Pick Real Estate Agency Locksmith Law Firm (Bike/Boat/Book/etc) Store Veterinary Clinic Florist

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Yes

Utilities to site

Location Intelligence

Trade Area within ½ mile

910

Businesses Nearby

109k

Monthly Visits Nearby

Well-served

Demand for This Use

Explore this area Business Placement

Foot Traffic Nearby

Superstores 100%

BJ's Wholesale Club Superstores

108,844 visits/mo 0.4 miles

Maaco Shops & Services

346 visits/mo 0.1 miles

Demographics for 07036, NJ

45,161

Population

16,911

Households

2.7

Avg Household Size

40

Median Age

23%

College-Educated

85%

High-School Grad

10.9 sq mi

ZIP Area

4,143

Density / Sq Mi

$89,942

Median Household Income

$46,736

Median Earnings

$1,622

Median Rent

$385,100

Median Home Value

Market

Vacancy Rate% for Retail in Northeast region

6% 2019

7.1% 2020

6.5% 2021

6% 2022

5.7% 2023

5.6% 2024

6% 2025

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Similar Off Market Nearby

• TIREGRAFICX — 10 N Wood Ave #515, Linden, NJ 07036
• Car Ignition Repair — 16 S Wood Ave, Linden, NJ 07036
• All-Star Auto Glass Co Inc — 111 E Elizabeth Ave, Linden, NJ 07036
• Hometown Tire & Auto — 416 E Elizabeth Ave, Linden, NJ 07036
• Parts Authority — 300 E Elizabeth Ave, Linden, NJ 07036

Frequently Asked Questions

What type of property is this?

Auto shop - Office space, assigned parking, and electric service support a range of automotive operations.

Where is this auto shop located?

The property is located at 1005-1007 E Elizabeth Ave #1007 Linden, NJ.

What is the asking price?

The asking price for this property is $799,000.

What are key features of this property?

This property features: 3,100‑square‑foot automotive property; Two on‑site garages and a dedicated office; Two outdoor half bathrooms