Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings

    2237 S Olden Ave Hamilton, NJ 08610

    Loading data...
    Loading data...
    Loading data...
    For Sale
    $1,200,000

    Shell gas station with service bays and strong ROI.

    Lot size:
    0.33 Acres

    Property Features for 2237 S Olden Ave

    General Information

    Standard status
    Active
    Lot size
    0.33 Acres

    We can help!

    Listing Contact
    Philip Angarone
    Source: Exprealty

    Listing Agency: ERA Central Realty Group - Bordentown Listing Agent: Philip Angarone

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Profitable Gas Station with Service Bays

    Located on a corner lot in Hamilton Township, this Shell-branded gas station is for sale. The property includes both the business and the real estate. The gas station features eight pumps and three service bays. The service bays are equipped with two rotary lifts and an alignment lift. Remodeled in 2008, the pumps were refurbished in 2024. The current owner has been associated with this location since 1986, initially as a lessee and, since 2011, as the owner. Financial information, including profit and loss statements, will be provided upon signing a Non-Disclosure Agreement (NDA).
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Gas stations

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Hamilton
    County
    Mercer
    State
    New Jersey
    Longitude
    -74.6968465
    Latitude
    40.2039631

    Nearby Similar for Sale

    • $1,100,000
      4,552 SF

      Industrial-Modern Building with Racing Track

      Striking building with high-end finishes, suitable for retail or office.
      2595 Yardville Hamilton Squ Rd, Hamilton, NJ 08690
      View Details
    • $465,000

      Yorkshire Building Medical/Professional Suite

      Modern medical/professional suite in Hamilton, NJ with ample parking.
      1374 Whitehorse Hamilton Square Rd, Hamilton, NJ 08690
      View Details
    • Contact for pricing
      4.01 Acres

      Modern Medical/Professional Office Space

      Modern medical/professional office space in Hamilton, NJ with ample parking.
      1374 Whitehorse Hamilton Square Rd, Hamilton, NJ 08690
      View Details
    • $1,499,000
      2,646 SF

      Established Tavern with Renovated Apartment

      Bar, restaurant, building, and liquor license included in sale.
      1600 Hamilton Ave, Hamilton, NJ 08629
      View Details
    • $449,000
      0.17 Acres

      Professional Office Building in Hamilton

      Well-maintained office building in high-traffic area, ideal for professionals.
      2662 Nottingham Way, Hamilton, NJ 08619
      View Details
    • $250,000

      Professional Condo Near RWJ Hamilton

      Versatile condo ideal for medical or professional use.
      2081 Klockner Rd, Hamilton, NJ 08690
      View Details
    • New
      $229,999
      Pending

      Move-in Ready Office Condo

      Office suite with 7 offices, conference room, and kitchenette.
      1245 Whitehorse Mercerville Rd, Hamilton, NJ 08619
      View Details
    • $260,000

      Dental Office Condo For Sale

      Turnkey dental office condo with equipment in Hamilton, NJ.
      445 White Horse Ave, Hamilton, NJ 08610
      View Details
    • $450,000
      1,660 SF

      Hamilton Multifamily Property for Sale

      Multifamily property in Hamilton, NJ, with 1660 square feet.
      229 Parkinson Ave, Hamilton, NJ 08610
      View Details
    • $1,000,000
      0.34 Acres

      Corner Retail Site For Sale

      Excellent corner retail site available for sale in Hamilton, NJ.
      1679 E State St, Hamilton, NJ 08609
      View Details
    • $84,999
      468 SF

      Office Condo on Nami Lane

      468 SF office condo with two offices and waiting area.
      1 Nami Ln, Hamilton, NJ 08619
      View Details
    • $1,600,000
      1.15 Acres

      HAMILTON, NJ Commercial Property

      Commercial property suitable for medical, professional office, day care, or storage.
      10-16 Reeves Ave, Hamilton, NJ 08610
      View Details

    FAQs

    What type of property is this?
    Gas station - Shell gas station with service bays and strong ROI.
    Where is this gas station located?
    The property is located at 2237 S Olden Ave Hamilton, NJ.
    What is the asking price?
    The asking price for this property is $1,200,000.
    What are key features of this property?
    This property features: - Cap rate over 15% offering a strong return on investment.; - Includes both the business and the property, providing flexibility for future lease opportunities.; - Eight pumps and three fully equipped service bays (including two rotary lifts and an alignment lift) maximize revenue potential.
    (609) 462-0062
    Request Owner's contact information
    2237 S Olden Ave Hamilton, NJ 08610
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    2237 S Olden Ave
    Hamilton, NJ 08610
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    2237 S Olden Ave Hamilton, NJ 08610
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Philip Angarone
    (609) 462-0062
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.