Automotive Repair Facility in
422 Monroe St Passaic, NJ 07055
422 Monroe St, Passaic, NJ, 07055
$1,050,000
For Sale
$1,050,000
Established auto repair facility with mechanic services and ample parking.
Property Size7,500 SF
Lot Size0.17 Acres
Price / SF$140
Days on Market283
Property Features for 422 Monroe St
General Information
- Standard status
- Active
- Size
- 7,500 SF
- Lot size
- 0.17 Acres
- Property subtype
- Commercial
Building Details
- Year Built
- 1950
Listing Agency
UNITED REAL ESTATE
(888) 501-6953
Listed by
ROBERTO SANCHEZ
Source
Corcoran
Added: Oct 7, 2025 Checked: Jul 16 at 7:15 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 UNITED REAL ESTATE
Investment Insights
Based on property information with market context.
This commercial property in Passaic, NJ, is an automotive repair facility offering mechanic services, auto sales, and a DMV state inspection facility. The business has served the community for over 30 years. The property is suitable for an owner-operator or investor. The facility spans approximately 7,500 square feet and features five service bays/garages, an outdoor heavy-duty lift, newer lifts and equipment, and ample parking and storage for over 25 vehicles. Additional amenities include office spaces, restrooms, and two extra rooms adaptable for storage or private use. The property is conveniently located near public transportation and major highways, offering accessibility and visibility. The property is fully secured with a professional fence.
Key Highlights
- Established automotive repair facility with a 30+ year history.
- Features mechanic services, auto sales, and DMV state inspection facility potential.
- Approximately 7,500 sq ft facility with five service bays/garages and newer lifts and equipment.
Local Financial Insights For Industrial
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 | $127.8k | $17.04 |
| − Vacancy | −$7.5k | −$1.01 |
| EGI | $120.3k | $16.03 |
| − OpEx | −$36.1k | −$4.81 |
| NOI | $84.2k | $11.22 |
7,500 SF · lease $17.04/SF/yr · vacancy 5.90% · expense 30.00%
Alternative Uses
Best Use
Retail
$1.53M
$1.34M – $1.78M
NOI $107,050 @ 7.0% cap · market cap 10.20%
Second Best
Industrial
$1.20M
$1.05M – $1.40M
NOI $84,182 @ 7.0% cap · market cap 8.02%
Theoretical Best
Office A
$1.96M
$1.71M – $2.28M
NOI $137,088 @ 7.0% cap · market cap 13.06%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Auto shops
Similar For Sale Nearby
Similar Off Market Nearby
- Lopez Auto Repair — 129 River Dr, Passaic, NJ 07055
- Mr. K. Garage — 32 Main Ave, Wallington, NJ 07057
- Hayward Place Autobody — 108 Hayward Pl #1129, Wallington, NJ 07057
- Chipilo Corporation — 329 Broadway, Passaic, NJ 07055
- Mr. Quick Mobile Truck & Trailer Repair — 169 River Dr, Passaic, NJ 07055
FAQs
What type of property is this?
Auto shop - Established auto repair facility with mechanic services and ample parking.
Where is this auto shop located?
The property is located at 422 Monroe St Passaic, NJ.
What is the asking price?
The asking price for this property is $1,050,000.
What are key features of this property?
This property features: Established automotive repair facility with a 30+ year history.; Features mechanic services, auto sales, and DMV state inspection facility potential.; Approximately 7,500 sq ft facility with **five service bays/garages and newer lifts and equipment**.
