Income Producing Corner
63 65 Main Lodi, NJ 07644
63 65 Main, Lodi, NJ, 07644
$1,075,000
For Sale
$1,075,000
Commercial building with established auto shop and dry cleaner.
Property Size5,704 SF
Lot Size0.14 Acres
Price / SF$188.46
Days on Market483
Property Features for 63 65 Main
General Information
- Standard status
- Active
- Size
- 5,704 SF
- Lot size
- 0.14 Acres
- Property subtype
- Commercial
Listing Agency
MAX DEALS REALTY LLC
(201) 315-5540
Listed by
DOUGLAS HWANG
Source
Corcoran
Added: Mar 25, 2025 Updated: Jul 6 at 10:30 am Checked: Jul 20 at 3:41 am
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 MAX DEALS REALTY LLC
Investment Insights
Based on property information with market context.
This commercial building presents an investment or user opportunity. The dry cleaner was renovated with new machines, new tile flooring, interior painting, and a sealed roof in 2017. The air conditioning unit is 10 years old. The property features a long-standing auto shop with a strong local reputation of over 59 years, whose owner wishes to remain. The dry cleaner has been established for 7 years. Situated on a corner lot comprising 5704 square feet (0.14 acres), the property benefits from high street traffic and excellent visibility. Neighboring retailers are located on the same side of the street. The building is currently income-producing, with a net income of $59380 and a cap rate of 5.5%.
Key Highlights
- Income‑producing property with $59,380 net income and 5.5% cap rate.
- Corner property with great visibility and heavy vehicular street traffic.
- Established tenants: Auto shop with 59+ years and dry cleaner with 7 years.
Local Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $123.2k | $21.60 |
| − Vacancy | −$6.9k | −$1.21 |
| EGI | $116.3k | $20.39 |
| − OpEx | −$34.9k | −$6.12 |
| NOI | $81.4k | $14.27 |
5,704 SF · lease $21.60/SF/yr · vacancy 5.60% · expense 30.00%
Alternative Uses
Best Use
Retail
$1.16M
$1.02M – $1.36M
NOI $81,415 @ 7.0% cap · market cap 7.57%
Second Best
Industrial
$914.6K
$800.3K – $1.07M
NOI $64,023 @ 7.0% cap · market cap 5.96%
Theoretical Best
Office A
$1.49M
$1.30M – $1.74M
NOI $104,260 @ 7.0% cap · market cap 9.70%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Cleaner For You
(Bike/Boat/Book/etc) Store
Similar For Sale Nearby
Similar Off Market Nearby
- MLYFE AUTO — 40 Saddle River Ave, Garfield, NJ 07026
- MLYFE Auto Customization — 40 Saddle River Ave, Garfield, NJ 07026
- MLYFE Auto Center — 40 Saddle River Ave, Garfield, NJ 07026
- Silver Lake Auto — 22 S Main St, Garfield, NJ 07026
- Mlyfe — 40 Saddle River Ave, Garfield, NJ 07026
FAQs
What type of property is this?
Auto shop - Commercial building with established auto shop and dry cleaner.
Where is this auto shop located?
The property is located at 63 65 Main Lodi, NJ.
What is the asking price?
The asking price for this property is $1,075,000.
What are key features of this property?
This property features: Income‑producing property with $59,380 net income and 5.5% cap rate.; Corner property with great visibility and heavy vehicular street traffic.; Established tenants: Auto shop with 59+ years and dry cleaner with 7 years.
