Corner Auto Service
For Sale
$1,695,000
369 New Brunswick Avenue 1 Fords, Fords, NJ 08863
Corner commercial property with open space and parking, suited for automotive service or contractor use.
Property Size4,064 SF
Price / SF$417.08
Days on Market39
Property Features for 369 New Brunswick Avenue 1 Fords
General Information
Standard status
Active
Size
4,064 SF
Total Parking Spaces
12
Zoning
B-2
Additional Details
Highway Access
Yes
Taxes and HOA fees
Annual Taxes
$20,279
Amenities
Carpet,Concrete,Tile,See Remarks
true
2
Appliances,See Remarks
Business District,Commercial Area,Corner Lot
Public
0.46
12
100.00 x 100.00
On Site,Paved
4064
Building Details
Building Size
4,064 SF
Year Built
1915
Stories
2
Listing Agency:
(732) 991-3166
Listed By:
Steven Bonavita · License #1429895
(732) 991-3166
Source:
Sbonavita.remax
Added: Jul 9
Changed: Aug 8
Last Checked: Aug 16 at 3:15AM
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 Steven Bonavita
Investment Insights
Based on property information with market context.
This long-established corner commercial property has been family owned and operated since the early 1950s, offering a stable business location. The site includes open space and parking capacity, supporting operational flexibility for day-to-day commercial use. It is positioned for direct business activity, with an emphasis on visibility and accessibility.
Located along New Brunswick Avenue in Fords, New Jersey, the property’s corner configuration provides prominent exposure to passing traffic. The location is approximately 3.9 miles from the Outerbridge Crossing, offering convenient access toward Staten Island and the greater New York City area.
The property is presented for sale and is described as suitable for automotive service, contractor use, or other commercial ventures, based on the on-site parking and open space.
Located along New Brunswick Avenue in Fords, New Jersey, the property’s corner configuration provides prominent exposure to passing traffic. The location is approximately 3.9 miles from the Outerbridge Crossing, offering convenient access toward Staten Island and the greater New York City area.
The property is presented for sale and is described as suitable for automotive service, contractor use, or other commercial ventures, based on the on-site parking and open space.
Key Highlights
- 0.46‑acre corner lot in a business/commercial area with 100' x 100' lot dimensions
- Highly visible corner location along New Brunswick Avenue
- Building area totals 4,064 SF with 2 stories
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$58,007
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.42%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,160,140
$1.2M
Cap Rate 7%
$828,671
$828.7K
Cap Rate 9%
$644,522
$644.5K
Market Conditions
NOI Build-Up for 4,064 SF
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.
Gross rent
$87.8K $21.60/SF
− Vacancy
−$4.9K −$1.21/SF
EGI
$82.9K $20.39/SF
− OpEx
−$24.9K −$6.12/SF
NOI
$58.0K $14.27/SF
Area
Middlesex County, NJ
Vacancy
5.60%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,160,140
Cap Rate 7%
$828,671
Cap Rate 9%
$644,522
Alternative Uses
Best Use
Retail
$828.7K
$725.1K – $966.8K
NOI $58,007 @ 7.0% cap · market cap 3.42%
Second Best
Industrial
$651.6K
$570.2K – $760.3K
NOI $45,615 @ 7.0% cap · market cap 2.69%
Theoretical Best
Office A
$1.06M
$928.5K – $1.24M
NOI $74,283 @ 7.0% cap · market cap 4.38%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
332
Businesses Nearby
1k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 100%
Angelo's Pizza
Dining
1,043 visits/mo
0.4 miles
Demographics for 08863, NJ
12,939
Population
4,770
Households
2.7
Avg Household Size
40
Median Age
39%
College-Educated
91%
High-School Grad
1.7 sq mi
ZIP Area
7,611
Density / Sq Mi
$116,250
Median Household Income
$61,018
Median Earnings
$1,976
Median Rent
$414,100
Median Home Value
Market
Vacancy Rate% for Retail in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- C & C Gulf — 641 King Georges Rd, Fords, NJ 08863
- Frank's Garage — Jill Pl, Fords, NJ 08863
- Jab Automotive Services Center — 200 Ford Ave, Fords, NJ 08863
- Cash For Junk Cars Edison — 62 Harmon Rd, Edison, NJ 08837
- C & C Towing and Auto Repairs — 641 King Georges Rd, Fords, NJ 08863
Frequently Asked Questions
What type of property is this?
Auto shop - Corner commercial property with open space and parking, suited for automotive service or contractor use.
Where is this auto shop located?
The property is located at 369 New Brunswick Avenue 1 Fords Fords, NJ.
What is the asking price?
The asking price for this property is $1,695,000.
What are key features of this property?
This property features: 0.46‑acre corner lot in a business/commercial area with 100' x 100' lot dimensions; Highly visible corner location along New Brunswick Avenue; Building area totals 4,064 SF with 2 stories
