15-Bay Auto Repair
For Sale
$1,499,999
105 Fort Dix Rd, Pemberton, NJ 08068
Zoned for auto repair and auto body operations, with office space, waiting rooms, and supporting utility infrastructure.
Property Size9,000 SF
Price / SF$166.67
Days on Market25
Property Features for 105 Fort Dix Rd
General Information
Standard status
Active
Size
9,000 SF
Additional Details
Utilities to Site
Yes
Service Bays
15
Amenities
high ceiling
gas heaters
office with waiting rooms
3 phase electrical service
city water and sewer
Building Details
Year Built
1930
Listing Agency:
HomeSmart First Advantage Realty
(856) 489-8221
Listed By:
Daniel Buck
Source:
Tbhteam
Added: Aug 5
Changed: Aug 28
Last Checked: Aug 28 at 12:39PM
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 HomeSmart First Advantage Realty
Investment Insights
Based on property information with market context.
The 9,000-square-foot auto shop complex was built in 1930 and provides 15 service bays with high ceilings and gas heating. The improvements also include office space and waiting rooms, along with 3-phase electrical service and connections to city water and sewer. Zoning supports auto repair and auto body uses.
The property is 1 mile from McGuire AFB, 5 miles from the New Jersey Turnpike, and 7 miles from NADE. Philadelphia is approximately 45 minutes away. Additional adjoining acreage of 7+ acres, a farm, and a pole building are also identified as available; the additional land is described as outside the Pinelands, wetlands, and farmland preservation areas.
The property is 1 mile from McGuire AFB, 5 miles from the New Jersey Turnpike, and 7 miles from NADE. Philadelphia is approximately 45 minutes away. Additional adjoining acreage of 7+ acres, a farm, and a pole building are also identified as available; the additional land is described as outside the Pinelands, wetlands, and farmland preservation areas.
Key Highlights
- 15 service bays within a 9,000‑square‑foot auto shop complex
- High ceilings and gas heaters support shop operations
- Office space and waiting rooms included
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
$134,586
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
8.97%
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%
$2,691,720
$2.7M
Cap Rate 7%
$1,922,657
$1.9M
Cap Rate 9%
$1,495,400
$1.5M
Market Conditions
NOI Build-Up for 9,000 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
$202.0K $22.44/SF
− Vacancy
−$9.7K −$1.08/SF
EGI
$192.3K $21.36/SF
− OpEx
−$57.7K −$6.41/SF
NOI
$134.6K $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%
$2,691,720
Cap Rate 7%
$1,922,657
Cap Rate 9%
$1,495,400
Alternative Uses
Best Use
Industrial
$15.50M
$13.56M – $18.09M
NOI $1,085,109 @ 7.0% cap · market cap 72.34%
Second Best
Retail
$1.92M
$1.68M – $2.24M
NOI $134,586 @ 7.0% cap · market cap 8.97%
Theoretical Best
Warehouse
$18.82M
$16.47M – $21.96M
NOI $1,317,633 @ 7.0% cap · market cap 87.84%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
15
Service bays
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
44
Businesses Nearby
42k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 100%
Wawa
Shops & Services
27,856 visits/mo
0.5 miles
Dollar General
Shops & Services
9,230 visits/mo
0.1 miles
Family Dollar
Shops & Services
4,484 visits/mo
0.3 miles
Enterprise Rent-A-Car
Shops & Services
412 visits/mo
0.1 miles
Demographics for 08068, NJ
6,628
Population
2,888
Households
2.3
Avg Household Size
42
Median Age
24%
College-Educated
92%
High-School Grad
23.3 sq mi
ZIP Area
284
Density / Sq Mi
$79,570
Median Household Income
$48,498
Median Earnings
$1,100
Median Rent
$256,000
Median Home Value
Market
Vacancy Rate% for Retail in Northeast region
Questions? Ask Rey
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Similar Off Market Nearby
- Fante's Auto Body Inc — 101 Fort Dix Rd, Pemberton, NJ 08068
- George & Sons Automotive llc — 105 C, Fort Dix Rd, Pemberton, NJ 08068
Frequently Asked Questions
What type of property is this?
Auto shop - Zoned for auto repair and auto body operations, with office space, waiting rooms, and supporting utility infrastructure.
Where is this auto shop located?
The property is located at 105 Fort Dix Rd Pemberton, NJ.
What is the asking price?
The asking price for this property is $1,499,999.
What are key features of this property?
This property features: 15 service bays within a 9,000‑square‑foot auto shop complex; High ceilings and gas heaters support shop operations; Office space and waiting rooms included
