Building Details

Year Built 1935

Listing Agency: Weichert Realtors - Moorestown s***@weichert.com Show Phone

Listed By: Susan Nece · License #1325587

Source: Kandorre

Added: Jul 20 Changed: Jul 21 Last Checked: Aug 13 at 9:38AM

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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 Weichert Realtors - Moorestown

Investment Insights

Based on property information with market context.

This corner C-1 zoned automotive property for sale includes two separate mixed-use buildings on one lot. The front 1,200 sf building has a full workshop with a separate office area, including a half bath. It is equipped with public water, compressed air, 230V and 115V outlets, forced gas heat, central air, and insulated, finished walls and ceilings, plus a power garage door. Attached to the front building is a compressor/utility room with two industrial compressors, including a 5hp vertical and a 10hp horizontal.

The rear 600 sf building also supports automotive operations with compressed air, 230V and 115V outlets, forced gas heat, central air, and insulated, finished walls and ceilings. It includes a 10,000-pound auto lift. The property has a fenced-in yard sized to house up to eight vehicles, and newer roof, doors, windows, and HVAC.

The buildings sit on the busy Burlington Ave corridor, close to major roadways including Rt. 130 and Rt. 295 and near downtown.

Key Highlights

• C‑1 zoned corner commercial property on Burlington Ave with two separate mixed‑use buildings
• Front building: 1,200 SF with full workshop and separate office area plus 1/2 bath
• Front building systems include public water, compressed air, forced gas heat, central air, and 230V & 115V outlets

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

$17,494

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

6.05%

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%

$349,880 $349.9K

Cap Rate 7%

$249,914 $249.9K

Cap Rate 9%

$194,378 $194.4K

Market Conditions

NOI Build-Up for 1,950 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

$26.2K $13.44/SF

− Vacancy

−$2.9K −$1.48/SF

EGI

$23.3K $11.96/SF

− OpEx

−$5.8K −$2.99/SF

NOI

$17.5K $8.97/SF

Area

Burlington County, NJ

Vacancy

11.00%

Lease Rate

$13.44 /SF/Yr

Expense Ratio

25.00%

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%

$349,880

Cap Rate 7%

$249,914

Cap Rate 9%

$194,378

Alternative Uses

Best Use

Industrial

$3.36M

$2.94M – $3.92M (±1% cap)

NOI $235,107 @ 7.0% cap · market cap 81.35%

Second Best

Retail

$416.6K

$364.5K – $486.0K (±1% cap)

NOI $29,160 @ 7.0% cap · market cap 10.09%

Theoretical Best

Warehouse

$4.08M

$3.57M – $4.76M (±1% cap)

NOI $285,487 @ 7.0% cap · market cap 98.78%

Zoning and permitted uses should be independently verified with authorities.

Property Analytics

Property Profile

Current Use

Delanco Auto Repair Auto Repair Shop

Suggested Use

Top Pick Real Estate Agency Law Firm Pharmacy Spa & Massage Center Nail Salon Hair Salon

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Yes

Fenced yard

Yes

Highway access

Yes

Paved road access

Location Intelligence

Trade Area within ½ mile

142

Businesses Nearby

Explore this area Business Placement

Demographics for 08075, NJ

30,327

Population

12,092

Households

2.5

Avg Household Size

39

Median Age

38%

College-Educated

92%

High-School Grad

9.9 sq mi

ZIP Area

3,063

Density / Sq Mi

$94,576

Median Household Income

$47,979

Median Earnings

$1,427

Median Rent

$288,200

Median Home Value

Market

Vacancy Rate% for Office in Northeast region

13.1% 2019

15.4% 2020

17.6% 2021

19.1% 2022

20.2% 2023

20.9% 2024

19.9% 2025

Questions? Ask Rey

Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

What type of property is this? Where is this auto shops located? What is the asking price? Find similar properties ... What are key features of this property?

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Frequently Asked Questions

What type of property is this?

Auto shop - Corner commercial C-1 property features two workshop buildings, compressed air, and a fenced yard for up to eight vehicles.

Where is this auto shop located?

The property is located at 2801 Burlington Ave Delanco, NJ.

What is the asking price?

The asking price for this property is $289,000.

What are key features of this property?

This property features: C‑1 zoned corner commercial property on Burlington Ave with two separate mixed‑use buildings; Front building: 1,200 SF with full workshop and separate office area plus 1/2 bath; Front building systems include public water, compressed air, forced gas heat, central air, and 230V & 115V outlets