Turn-Key Auto Body & Repair
For Sale
$1,299,000
105 Fulling Mill Rd, Villas, NJ 08251
Turn-key body shop and mechanical repair operation with six working bays, spray booth, and secured fenced yard.
Property Size4,250 SF
Price / SF$305.65
Days on Market93
Property Features for 105 Fulling Mill Rd
General Information
Standard status
Active
Size
4,250 SF
Listing Agency:
JERSEY CAPE REALTY
(609) 408-1948
Listed By:
James M. Cheney · License #9700084
(609) 408-1948
Source:
Exprealty
Added: May 6
Changed: Jul 10
Last Checked: Jul 31 at 1:12PM
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 JERSEY CAPE REALTY
Investment Insights
Based on property information with market context.
This turn-key auto body and full service mechanical repair facility includes the business, the real estate, and the equipment needed to operate immediately. The building features a lighted customer waiting area, front desk reception, and a back office with a kitchenette. The shop includes six working bays plus a Chief EZ Liner frame machine, a John Bean 4 post alignment drive on lift with computer, and a Rotary 2 post lift. Vehicle refinishing equipment includes 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 yard with 24-hour Lorex security cameras.
The site is located on a high-traffic corner lot just off the intersection of Fulling Mill Road and Bayshore Road, with access from a wide area. City water is available to the site but has not been tied into as yet.
For a serious owner-operator or buyer seeking a ready-to-run automotive service platform, this offering provides a complete package: business continuity with a transition period available from the sellers, and the on-site tools and workspace to support both body work and mechanical repair. Financials are available to well-qualified buyers.
The site is located on a high-traffic corner lot just off the intersection of Fulling Mill Road and Bayshore Road, with access from a wide area. City water is available to the site but has not been tied into as yet.
For a serious owner-operator or buyer seeking a ready-to-run automotive service platform, this offering provides a complete package: business continuity with a transition period available from the sellers, and the on-site tools and workspace to support both body work and mechanical repair. Financials are available to well-qualified buyers.
Key Highlights
- Brand new roof as of September 2025
- City water available to the site (not yet tied in)
- Body shop and full service mechanical repair setup with 6 working bays
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
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Similar Off Market Nearby
- Jim's Auto Services — Bayshore Rd, Villas, NJ 08251
- John's Auto Body — 105 Fulling Mill Rd, Villas, NJ 08251
- Cape County Glass — 24 Fulling Mill Rd, Villas, NJ 08251
- Brent's Auto Care — 302 Fulling Mill Rd, Villas, NJ 08251
- Chuck Hearon RV Specialist — 414 E St Johns Ave, Villas, NJ 08251
Frequently Asked Questions
What type of property is this?
Auto shop - Turn-key body shop and mechanical repair operation with six working bays, spray booth, and secured fenced yard.
Where is this auto shop located?
The property is located at 105 Fulling Mill Rd 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: Brand new roof as of September 2025; City water available to the site (not yet tied in); Body shop and full service mechanical repair setup with 6 working bays
