Listing Agency: JERSEY CAPE REALTY d**@jerseycaperealty.com Show Phone

Listed By: James M. Cheney · License #9700084 Show Phone

Added: May 5 Changed: Oct 13 Last Checked: Oct 16 at 6:06PM

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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.

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Investment Insights

Based on property information with market context.

This auto shop combines a body repair operation with full-service mechanical work in a 4,250-square-foot building. The property includes six working bays, a customer waiting area, reception desk, back office with kitchenette, and dedicated production areas for frame work, alignment, painting, and paint mixing. Business operations, real estate, and equipment are included in the offering, with the current owners willing to provide a transition period.

Equipment includes a Chief EZ Liner frame machine, John Bean four-post alignment drive-on lift with computer, Rotary two-post lift, Paint Master down-draft bake-cycle spray booth, and BASF and AkzoNobel paint mixing systems. A fenced yard is secured by 24-hour Lorex security cameras. The property is zoned GB and occupies a corner location near the intersection of Fulling Mill Road and Bayshore Road in Villas, New Jersey.

Key Highlights

• 4,250‑square‑foot auto shop with six working bays
• Body shop and full‑service mechanical repair business included with real estate and equipment
• Chief EZ Liner frame machine and John Bean four‑post alignment drive‑on lift

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$49,266

Cap Rate

3.79%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$985,320 $985.3K

Cap Rate 7%

$703,800 $703.8K

Cap Rate 9%

$547,400 $547.4K

Is this asking price fair?

Market Conditions

NOI Build-Up for 4,250 SF

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 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 (±1% cap)

NOI $49,266 @ 7.0% cap · market cap 3.79%

Second Best

Industrial

$375.5K

$328.6K – $438.1K (±1% cap)

NOI $26,285 @ 7.0% cap · market cap 2.02%

Theoretical Best

Office A

$1.30M

$1.14M – $1.52M (±1% cap)

NOI $91,066 @ 7.0% cap · market cap 7.01%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Current Use

John's Auto Body Auto Repair Shop

Suggested Use

Top Pick Law Firm Spa & Massage Center Hair Salon Nail Salon Electrical Service Parking Lot & Garage

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

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

6% 2019

7.1% 2020

6.5% 2021

6% 2022

5.7% 2023

5.6% 2024

6% 2025

Similar Off Market Nearby

• Cape County Glass — 24 Fulling Mill Rd, Villas, NJ 08251
• Brent's Auto Care — 302 Fulling Mill Rd, Villas, NJ 08251
• John's Auto Body — 105 Fulling Mill Rd, Villas, NJ 08251
• Chuck Hearon RV Specialist — 414 E St Johns Ave, Villas, NJ 08251
• Jim's Auto Services — Bayshore Rd, Villas, NJ 08251

Frequently Asked Questions

What type of property is this?

Auto shop - Established body shop and mechanical repair business with real estate, equipment, customer areas, and fenced yard included.

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 auto shop with six working bays; Body shop and full‑service mechanical repair business included with real estate and equipment; Chief EZ Liner frame machine and John Bean four‑post alignment drive‑on lift