Corner Auto Shop with
New
For Sale
$899,000
1005 E Elizabeth Ave, Linden, NJ 07036
Functional commercial layout includes office space, outdoor half bathrooms, and assigned parking.
Property Size3,100 SF
Days on Market5
Property Features for 1005 E Elizabeth Ave
General Information
Standard status
Active
Size
3,100 SF
Property subtype
Commercial
Additional Details
Utilities to Site
Yes
Taxes and HOA fees
Annual Taxes
$2,658
Amenities
dedicated office space
outdoor half bathrooms
on-site garages
assigned parking
Building Details
Building Size
3,100 SF
Year Built
1930
Stories
1
Units
1
Listing Agency:
KELLER WILLIAMS REALTY
(908) 233-8502
Listed By:
MICHAEL MARTINETTI · License #297275
Source:
Elliman
Added: Aug 12
Changed: Aug 13
Last Checked: Aug 16 at 7:32AM
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 = 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
$44,247
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
4.92%
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%
$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
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
$67.0K $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 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%
$884,940
Cap Rate 7%
$632,100
Cap Rate 9%
$491,633
Alternative Uses
Best Use
Retail
$632.1K
$553.1K – $737.5K
NOI $44,247 @ 7.0% cap · market cap 4.92%
Second Best
Industrial
$497.1K
$434.9K – $579.9K
NOI $34,795 @ 7.0% cap · market cap 3.87%
Theoretical Best
Office A
$809.5K
$708.3K – $944.4K
NOI $56,663 @ 7.0% cap · market cap 6.30%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
1,374
Businesses Nearby
53k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 52%
Shops & Services 46%
Electronics 2%
Wendy's
Dining
20,366 visits/mo
0.5 miles
QuickChek
Shops & Services
9,877 visits/mo
0.2 miles
Dunkin' Donuts
Dining
7,220 visits/mo
0.5 miles
Dollar General
Shops & Services
5,746 visits/mo
0.3 miles
7-Eleven
Shops & Services
5,221 visits/mo
0.5 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
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- TIREGRAFICX — 10 N Wood Ave #515, Linden, NJ 07036
- Car Ignition Repair — 16 S Wood Ave, Linden, NJ 07036
- Hometown Tire & Auto — 416 E Elizabeth Ave, Linden, NJ 07036
- All-Star Auto Glass Co Inc — 111 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
