Auto Body Shop with
106-110 Hayward Place Wallington, NJ 07057
106-110 Hayward Place, Wallington, NJ, 07057
$1,499,000
For Sale
$1,499,000
Operating auto body shop with equipment and rental income.
Property Size3,000 SF
Price / SF$499.67
Days on Market667
Property Features for 106-110 Hayward Place
General Information
- Standard status
- Active
- Size
- 3,000 SF
- Property subtype
- 5+ Mixed Use
Listing Agency
Modern Realty Group
(201) 931-5534
Listed by
Sylwia Kaldon · License #279559
(201) 931-5534
Source
Compass
Added: Sep 19, 2024 Checked: Jul 17 at 4:46 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 Modern Realty Group
Investment Insights
Based on property information with market context.
This property features a fully operational auto body repair shop in a prime location. The business has maintained a strong reputation for over 22 years under the same ownership, fostering a loyal customer base. The sale includes all equipment. The body shop spans 3000 square feet and includes a spray booth and an office. Additionally, the property includes a fully rented two-family home, providing additional income. This is a turnkey setup suitable for an experienced owner or a newcomer.
Key Highlights
- Fully operational auto body repair shop with equipment included
- Prime location with established business (22+ years under same ownership)
- Loyal customer base
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 | $64.8k | $21.60 |
| − Vacancy | −$3.6k | −$1.21 |
| EGI | $61.2k | $20.39 |
| − OpEx | −$18.4k | −$6.12 |
| NOI | $42.8k | $14.27 |
3,000 SF · lease $21.60/SF/yr · vacancy 5.60% · expense 30.00%
Alternative Uses
Best Use
Retail
$611.7K
$535.3K – $713.7K
NOI $42,820 @ 7.0% cap · market cap 2.86%
Second Best
Mixed Use
$597.9K
$523.1K – $697.5K
NOI $41,850 @ 7.0% cap · market cap 2.79%
Theoretical Best
Office A
$783.4K
$685.4K – $913.9K
NOI $54,835 @ 7.0% cap · market cap 3.66%
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
FAQs
What type of property is this?
Mixed-use property - Operating auto body shop with equipment and rental income.
Where is this mixed-use property located?
The property is located at 106-110 Hayward Place Wallington, NJ.
What is the asking price?
The asking price for this property is $1,499,000.
What are key features of this property?
This property features: Fully operational auto body repair shop with equipment included; Prime location with established business (22+ years under same ownership); Loyal customer base
