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: Elliman

Added: Aug 12 Changed: Sep 28 Last Checked: Oct 5 at 6:07PM

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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 REALTY

Investment Insights

Based on property information with market context.

This auto shop occupies a corner property at 1005 E Elizabeth Ave in Linden, NJ. The building includes a dedicated office, two outdoor half bathrooms, and two garages that support service, storage, or operational needs. Assigned parking and electric utilities are already in place. Built in 1930, the structure has a flat roof and a straightforward configuration. There is no kitchen or central air conditioning, allowing a future operator to evaluate improvements based on intended use. The location records a Walk Score of 73, a Bike Score of 52, and a Transit Score of 53.

Key Highlights

• Corner property at 1005 E Elizabeth Ave, Linden, NJ 07036‑2229
• Two on‑site garages included
• Dedicated office space within the building

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$44,247

Cap Rate

4.92%

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

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 4.92%

Second Best

Industrial

$497.1K

$434.9K – $579.9K (±1% cap)

NOI $34,795 @ 7.0% cap · market cap 3.87%

Theoretical Best

Office A

$809.5K

$708.3K – $944.4K (±1% cap)

NOI $56,663 @ 7.0% cap · market cap 6.30%

Zoning and permitted uses should be independently verified with authorities.

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

Questions? Ask Rey

Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

What type of property is this? Where is this auto shops located? What is the asking price? Find similar properties What are key features of this property?

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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 - Functional commercial layout includes office space, outdoor half bathrooms, and assigned parking.

Where is this auto shop located?

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

What is the asking price?

The asking price for this property is $899,000.

What are key features of this property?

This property features: Corner property at 1005 E Elizabeth Ave, Linden, NJ 07036‑2229; Two on‑site garages included; Dedicated office space within the building