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    Auto Repair Shop For Sale Title is generated by Realmo AI

    345 10th, Saddle Brook, NJ 07663

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    For Sale
    $799,000

    Active auto repair shop with equipment in high-visibility location.

    Type:Commercial
    Property size:
    2,000 SF
    Price / SF:
    $399/SF
    Added:
    Jul 14, 2024
    Days on Market:
    692
    Last Refresh:
    Apr 5 at 9:04 pm

    Property Features for 345 10th

    General Information

    Standard status
    Active
    Size
    2,000 SF
    Property subtype
    Commercial

    We can help!

    Listing Contact
    ARLENE LEPAGE

    Listing agent ARLENE LEPAGE

    Listing office BERKSHIRE HATHAWAY HOME SERVICES ABBOTT REALTORS

    Listing date Jul 14, 2024

    Source Corcoran

    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 BERKSHIRE HATHAWAY HOME SERVICES ABBOTT REALTORS

    HighLights

    • Active, licensed auto repair shop operating for 30 years in a high‑visibility location.
    • Includes valuable equipment: 2 Mohawk lifts, Ammco 4000 brake lathe, Coats 700 tire balancer, Atlas 3030 style tire changer, Ammco portable wheel alignment equipment, and overhead hoist.
    • 2000 sq ft block building with up to 4 bays, 12' x 12' overhead door, and 14' ceilings.
    • Radiant floor heat and separate waste oil heater.
    • Potential for other uses beyond auto repair.
    • Current owner open to rent back for up to 2 years.

    Overview

    This is an active, licensed auto repair shop that has been in operation for the past 30 years. The property features a 2,000 square foot block building with up to 4 bays, a 12' x 12' overhead door, and 14' ceilings to the sheetrock. There is a 10' x 10' office, 2 lavatories, and loft space above for storage. The building is equipped with radiant heat in the floor and a separate waste oil heater. Included with the property are 2 Mohawk lifts, an Ammco 4000 brake lathe, a Coats 700 tire balancer, an Atlas 3030 style tire changer, and Ammco portable wheel alignment equipment, as well as a handy overhead hoist on a beam trolley. A central station alarm system is in place. The property has tremendous potential for other uses. The current owner is open to renting back the property for up to 2 years if the buyer is interested. RAO for waste oil tank removal is forthcoming. The property is located in a high visibility location.
    Property Profile Location Intelligence

    Current Use by Public Records

    Auto shops

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

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

    Similar Places Nearby

    • Car Dent & Scratch Repair Bergen County — 11 Union St, Lodi, NJ 07644
    • Nitefix — 134 gaston ave, garfield, nj 07026
    • MAIGA WINDOW TINTING — 152 Charles St, Garfield, NJ 07026
    • Garfield auto repair — 330 Midland Ave, Garfield, NJ 07026
    • Vito's Auto Repair — 50 Arnot St, Lodi, NJ 07644

    Location Insight

    • Map
    • Local Demand
    City
    Saddle Brook
    County
    Bergen
    State
    New Jersey
    Longitude
    -74.093
    Latitude
    40.8871

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    FAQs

    What type of property is this?
    Auto shop - Active auto repair shop with equipment in high-visibility location.
    Where is this auto shop located?
    The property is located at 345 10th Saddle Brook, NJ.
    What is the asking price?
    The asking price for this property is $799,000.
    What are key features of this property?
    This property features: Active, licensed auto repair shop operating for 30 years in a high‑visibility location.; Includes valuable equipment: **2 Mohawk lifts, Ammco 4000 brake lathe, Coats 700 tire balancer, Atlas 3030 style tire changer, Ammco portable wheel alignment equipment, and overhead hoist.**; 2000 sq ft block building with up to 4 bays, 12' x 12' overhead door, and 14' ceilings.
    (201) 891-2223
    We can help!
    Listing Contact
    ARLENE LEPAGE
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    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.

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