Auto Repair Shop with 6
For Sale
$1,299,000
105 Fulling Mill Road, Villas, NJ 08251
COMMERCIAL/INDUSTRIAL, Villas, NJ
Property Size4,250 SF
Price / SF$305.65
Days on Market109
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
Amenities
customer waiting area
reception area
office with kitchenette
fenced yard
security cameras
Listing Agency:
JERSEY CAPE REALTY
(609) 884-5800
Listed By:
James M. Cheney · License #9700084
(609) 408-1948
Added: May 5
Changed: Aug 19
Last Checked: Aug 21 at 10:06PM
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.
This 4,250-square-foot automotive facility combines collision repair and full-service mechanical operations. The layout includes a customer waiting area, reception counter, private office with kitchenette, six service bays, paint-mixing room, and a down-draft bake-cycle spray booth. Included equipment comprises a Chief EZ Liner frame machine, John Bean four-post alignment drive-on lift with computer, Rotary two-post lift, and BASF and AkzoNobel paint-mixing systems. The offering includes the operating business, real estate, building, and equipment.
The property at 105 Fulling Mill Road in Villas, New Jersey, is positioned near the Fulling Mill Road and Bayshore Road intersection. A fenced yard with 24-hour Lorex security cameras supports the site’s automotive operations. The building has natural gas forced-air heating, central air conditioning, and well water. Zoning is GB.
The property at 105 Fulling Mill Road in Villas, New Jersey, is positioned near the Fulling Mill Road and Bayshore Road intersection. A fenced yard with 24-hour Lorex security cameras supports the site’s automotive operations. The building has natural gas forced-air heating, central air conditioning, and well water. Zoning is GB.
Key Highlights
- 4,250‑square‑foot automotive repair facility
- Six working bays with collision and mechanical repair layout
- Chief EZ Liner frame machine and John Bean four‑post alignment lift
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
Lease Details
6
Service bays
Turnkey business
Opportunity
Yes
Fenced yard
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
247
Businesses Nearby
22k
Monthly Visits Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 99%
Dining 1%
Wawa
Shops & Services
21,898 visits/mo
0.1 miles
Momiji
Dining
196 visits/mo
0.4 miles
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 - Established body repair and mechanical service facility with operating equipment, customer areas, and a secured outdoor yard.
Where is this auto shop 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: 4,250‑square‑foot automotive repair facility; Six working bays with collision and mechanical repair layout; Chief EZ Liner frame machine and John Bean four‑post alignment lift
