Turnkey Mechanic Shop
For Sale
$1,850,000
141 Lincoln Boulevard, Middlesex, NJ 08846
Fully operating mechanic shop with property and established business for sale.
Property Size3,900 SF
Lot Size0.50 Acres
Price / SF$474.36
Days on Market330
Property Features for 141 Lincoln Boulevard
General Information
Standard status
Active
Size
3,900 SF
Lot size
0.50 Acres
Property subtype
Commercial
Building Details
Year Built
1960
Listing Agency:
LPT Realty,LLC
(267) 246-9729
Listed By:
Joseph B Bograd · License #AB066484
(833) 740-1234
Source:
Actionplusrealty
Added: Sep 30, 2025
Changed: Aug 23
Last Checked: Aug 24 at 7:18AM
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 LPT Realty,LLC
Investment Insights
Based on property information with market context.
This is an exceptional opportunity to own a fully operating mechanic shop in a prime Middlesex location. The offering includes both the property and the established business, situated on a highly visible half-acre corner lot with ample parking and excellent accessibility. The building offers approximately 3,900 square feet and was extensively renovated in 2022 with updates including new electrical and plumbing systems, new windows, and two newly constructed bathrooms. The layout is functional and efficient, featuring a welcoming front desk reception area and private office space. The shop area is equipped with six overhead doors and five service bays. Heating and air conditioning service the shop area. Above the shop is additional finished space currently used as a recreation room, offering flexibility for office expansion, storage, or employee use. The site offers parking for approximately 100 vehicles. The sale also includes a comprehensive list of professional-grade equipment, including four rotary lifts, an extended Hunter alignment scissor lift, a Hunter Hawk Eye Elite alignment machine, Hunter tire machine, Snap-on wheel balancer, Matco transmission jack, engine hoist, MIG welder, full welding set, four jack stands, and six floor jacks. A rare NJ State Inspection machine is included. Additional features include an Ingersoll 150-gallon shop air compressor, two bulk oil tanks, one waste oil tank, four overhead oil dispensing reels, a new 134a and 123yf air conditioning machine, custom-built vehicle exhaust fan system, new LED shop lighting, two heavy-duty commercial shop vacuum cleaners, and four heavy-duty shop benches. The shop includes a separate owner’s office with a new bathroom and is equipped with a full security and camera system along with updated phone and high-speed IPS internet service.
Key Highlights
- Turnkey mechanic shop with established business, property, and extensive professional‑grade equipment included in sale.
- Prime, highly visible half‑acre corner lot in Middlesex location with parking for approximately 100 vehicles.
- Extensively renovated 3,900 sq ft building (2022) with new electrical, plumbing, windows, and two bathrooms.
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
$55,666
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
3.01%
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%
$1,113,320
$1.1M
Cap Rate 7%
$795,229
$795.2K
Cap Rate 9%
$618,511
$618.5K
Market Conditions
NOI Build-Up for 3,900 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
$84.2K $21.60/SF
− Vacancy
−$4.7K −$1.21/SF
EGI
$79.5K $20.39/SF
− OpEx
−$23.9K −$6.12/SF
NOI
$55.7K $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%
$1,113,320
Cap Rate 7%
$795,229
Cap Rate 9%
$618,511
Alternative Uses
Best Use
Retail
$795.2K
$695.8K – $927.8K
NOI $55,666 @ 7.0% cap · market cap 3.01%
Second Best
Industrial
$625.4K
$547.2K – $729.6K
NOI $43,775 @ 7.0% cap · market cap 2.37%
Theoretical Best
Office A
$1.02M
$891.1K – $1.19M
NOI $71,286 @ 7.0% cap · market cap 3.85%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
627
Businesses Nearby
24k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Groceries 68%
Shops & Services 19%
Dining 13%
SuperFresh Middlesex
Groceries
16,370 visits/mo
0.5 miles
7-Eleven
Shops & Services
4,527 visits/mo
0.1 miles
Pizza Pub
Dining
2,192 visits/mo
0.3 miles
Krispy Krunchy Chicken
Dining
832 visits/mo
0.1 miles
Demographics for 08846, NJ
14,636
Population
5,703
Households
2.6
Avg Household Size
40
Median Age
34%
College-Educated
91%
High-School Grad
3.5 sq mi
ZIP Area
4,182
Density / Sq Mi
$107,063
Median Household Income
$58,140
Median Earnings
$1,493
Median Rent
$414,600
Median Home Value
Market
Vacancy Rate% for Retail in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Auto shop - Fully operating mechanic shop with property and established business for sale.
Where is this auto shop located?
The property is located at 141 Lincoln Boulevard Middlesex, NJ.
What is the asking price?
The asking price for this property is $1,850,000.
What are key features of this property?
This property features: Turnkey mechanic shop with established business, property, and extensive professional‑grade equipment included in sale.; Prime, highly visible half‑acre corner lot in Middlesex location with parking for approximately 100 vehicles.; Extensively renovated 3,900 sq ft building (2022) with new electrical, plumbing, windows, and two bathrooms.
