Established Auto Shop Business
For Sale
$1,299,000
105 Fulling Mill Road, Villas, NJ 08251
COMMERCIAL - Villas, NJ
Property Size4,250 SF
Price / SF$305.65
Days on Market94
Property Features for 105 Fulling Mill Road
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
GB
Lot features
Mainland
Subdivision
Villas
Standard status
Active
Size
4,250 SF
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
5857
Utilities
Heating system
Natural Gas, Forced Air
Cooling system
Central Air
Water source
Well
Listing Agency:
JERSEY CAPE REALTY
(609) 884-5800
Listed By:
James M. Cheney · License #9700084
(609) 408-1948
Added: May 5
Changed: Aug 4
Last Checked: Aug 6 at 2:06PM
MLS# 261224
Copyright © 2026 Cape May County Association of Realtors. 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.
A unique opportunity to acquire a successful and well-established auto body and full-service mechanical repair business, along with the real estate and equipment. Established in 1975, the business has a strong and loyal customer base. This turn-key opportunity includes the business, building, real estate, and equipment. The building features a comfortable, lighted customer waiting area, a front desk reception area, and a back office with a kitchenette. There are 6 working bays, a Chief EZ Liner frame machine, a John Bean 4 post alignment drive on lift with computer, a Rotary 2 post lift, a Paint Master down draft bake cycle spray booth, and a paint mixing room with BASF and AkzoNobel paint mixing systems. The property also includes a fenced-in yard with 24-hour Lorex security cameras. The 4,250 square foot property is located on a high-traffic corner lot just off the intersection of Fulling Mill Road and Bayshore Road, providing easy access from a large geographical area. The property is zoned GB. This hybrid business offers high growth potential for an ambitious owner/operator from both the body shop and mechanical repair businesses.
Key Highlights
- Established, turn‑key auto body and mechanical repair business with real estate, building, and equipment included.
- High‑traffic corner lot location with easy access.
- Includes valuable equipment: Chief EZ Liner frame machine, John Bean alignment lift, Rotary lift, Paint Master spray booth, and paint mixing systems.
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
$49,266
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
3.79%
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%
$985,320
$985.3K
Cap Rate 7%
$703,800
$703.8K
Cap Rate 9%
$547,400
$547.4K
Market Conditions
NOI Build-Up for 4,250 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
$76.5K $18.00/SF
− Vacancy
−$6.1K −$1.44/SF
EGI
$70.4K $16.56/SF
− OpEx
−$21.1K −$4.97/SF
NOI
$49.3K $11.59/SF
Area
Cape May County, NJ
Vacancy
8.00%
Lease Rate
$18.00 /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%
$985,320
Cap Rate 7%
$703,800
Cap Rate 9%
$547,400
Alternative Uses
Best Use
Retail
$703.8K
$615.8K – $821.1K
NOI $49,266 @ 7.0% cap · market cap 3.79%
Second Best
Industrial
$375.5K
$328.6K – $438.1K
NOI $26,285 @ 7.0% cap · market cap 2.02%
Theoretical Best
Office A
$1.30M
$1.14M – $1.52M
NOI $91,066 @ 7.0% cap · market cap 7.01%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
2
Businesses Nearby
Explore this area
Business Placement
Demographics for 08251, NJ
10,075
Population
6,716
Households
1.5
Avg Household Size
46
Median Age
24%
College-Educated
94%
High-School Grad
7.0 sq mi
ZIP Area
1,439
Density / Sq Mi
$76,433
Median Household Income
$48,341
Median Earnings
$1,468
Median Rent
$275,800
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.
Frequently Asked Questions
What type of property is this?
Automotive property - Turn-key auto shop with real estate, equipment, and established clientele.
Where is this automotive property located?
The property is located at 105 Fulling Mill Road Villas, NJ.
What is the asking price?
The asking price for this property is $1,299,000.
What are key features of this property?
This property features: Established, turn‑key auto body and mechanical repair business with real estate, building, and equipment included.; High‑traffic corner lot location with easy access.; Includes valuable equipment: **Chief EZ Liner frame machine, John Bean alignment lift, Rotary lift, Paint Master spray booth, and paint mixing systems.**
