Automotive Repair Shop with
For Sale
$725,000
383 Juliustown Rd, Columbus, NJ 08022
Repair shop with a three-bay garage, 12-foot doors, and a large level gated lot.
Property Size3,000 SF
Price / SF$241.67
Days on Market76
Property Features for 383 Juliustown Rd
General Information
Standard status
Active
Size
3,000 SF
Building Details
Year Built
1980
Listing Agency:
Keller Williams Premier
Listed By:
Jennifer F Taras
(609) 459-5100
Source:
Kandorre
Added: Jun 23
Changed: Sep 5
Last Checked: Sep 6 at 12:22PM
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 Keller Williams Premier
Investment Insights
Based on property information with market context.
This automotive repair shop includes a large three-bay garage with 12-foot doors, designed for vehicle service operations. The property also features a welcoming office with ample space to greet clients, along with a kitchen and a fully finished attic that can support additional versatile use.
A large, level gated lot provides outdoor space for the business. The office and garage layout supports day-to-day customer interaction and vehicle service from the same property.
The existing improvements combine shop functionality with finished interior space, including the office, kitchen, and attic, to accommodate a range of operational needs.
A large, level gated lot provides outdoor space for the business. The office and garage layout supports day-to-day customer interaction and vehicle service from the same property.
The existing improvements combine shop functionality with finished interior space, including the office, kitchen, and attic, to accommodate a range of operational needs.
Key Highlights
- Repair shop built in 1980
- 3‑bay garage with 12‑ft doors
- Large level gated lot
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
$44,862
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
6.19%
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%
$897,240
$897.2K
Cap Rate 7%
$640,886
$640.9K
Cap Rate 9%
$498,467
$498.5K
Market Conditions
NOI Build-Up for 3,000 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
$67.3K $22.44/SF
− Vacancy
−$3.2K −$1.08/SF
EGI
$64.1K $21.36/SF
− OpEx
−$19.2K −$6.41/SF
NOI
$44.9K $14.95/SF
Area
Burlington County, NJ
Vacancy
4.80%
Lease Rate
$22.44 /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%
$897,240
Cap Rate 7%
$640,886
Cap Rate 9%
$498,467
Alternative Uses
Best Use
Industrial
$5.17M
$4.52M – $6.03M
NOI $361,703 @ 7.0% cap · market cap 49.89%
Second Best
Retail
$640.9K
$560.8K – $747.7K
NOI $44,862 @ 7.0% cap · market cap 6.19%
Theoretical Best
Warehouse
$6.27M
$5.49M – $7.32M
NOI $439,211 @ 7.0% cap · market cap 60.58%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
26
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 08022, NJ
9,025
Population
3,709
Households
2.4
Avg Household Size
52
Median Age
42%
College-Educated
95%
High-School Grad
21.3 sq mi
ZIP Area
424
Density / Sq Mi
$118,558
Median Household Income
$73,750
Median Earnings
$1,971
Median Rent
$394,900
Median Home Value
Market
Vacancy Rate% for Retail in Northeast region
Questions? Ask Rey
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Similar Off Market Nearby
- Hurley's Auto — 383 Juliustown Rd, Columbus, NJ 08022
- Bill's Auto Body Shop — 421 Main St, Juliustown, NJ 08042
Frequently Asked Questions
What type of property is this?
Auto shop - Repair shop with a three-bay garage, 12-foot doors, and a large level gated lot.
Where is this auto shop located?
The property is located at 383 Juliustown Rd Columbus, NJ.
What is the asking price?
The asking price for this property is $725,000.
What are key features of this property?
This property features: Repair shop built in 1980; 3‑bay garage with 12‑ft doors; Large level gated lot
