Building Details

Building Size 6,000 SF

Year Built 1970

Buildings 1

Stories 1

Units 1

Listing Agency: Re/Max Fortune Properties Show Phone

Listed By: Robert Levinthal Show Phone

Source: Cammarotarealestate

Added: Mar 27 Changed: Oct 22 Last Checked: Oct 22 at 2:36PM

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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 Re/Max Fortune Properties

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Investment Insights

Based on property information with market context.

The property contains a 6,000-square-foot building on approximately one-half acre of commercially zoned land. Its prior use was as an automotive transmission and repair shop, and the site includes a large parking area. The building dates to 1970.

Key Highlights

• 6,000‑square‑foot building
• Approximately 1/2 acre of commercial property
• Previously used as a transmission and automotive repair shop

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$85,640

Cap Rate

5.73%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,712,800 $1.7M

Cap Rate 7%

$1,223,429 $1.2M

Cap Rate 9%

$951,556 $951.6K

Is this asking price fair?

Market Conditions

NOI Build-Up for 6,000 SF

Gross rent

$129.6K $21.60/SF

− Vacancy

−$7.3K −$1.21/SF

EGI

$122.3K $20.39/SF

− OpEx

−$36.7K −$6.12/SF

NOI

$85.6K $14.27/SF

Area

Union 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 Rate 5%

$1,712,800

Cap Rate 7%

$1,223,429

Cap Rate 9%

$951,556

Alternative Uses

Best Use

Retail

$1.22M

$1.07M – $1.43M (±1% cap)

NOI $85,640 @ 7.0% cap · market cap 5.73%

Second Best

Industrial

$962.1K

$841.8K – $1.12M (±1% cap)

NOI $67,345 @ 7.0% cap · market cap 4.50%

Theoretical Best

Office A

$1.57M

$1.37M – $1.83M (±1% cap)

NOI $109,670 @ 7.0% cap · market cap 7.34%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Open Analytics

Current Use

Auto shops

Suggested Use

Top Pick Daycare Center (Bike/Boat/Book/etc) Store Parking Lot & Garage Nursing Home Catering Service Butcher

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

Location Intelligence

Trade Area within ½ mile

844

Businesses Nearby

76k

Monthly Visits Nearby

Well-served

Demand for This Use

Explore this area Business Placement

Foot Traffic Nearby

Groceries 56% Shops & Services 26% Dining 19%

Stop & Shop Groceries

42,314 visits/mo 0.5 miles

Dunkin' Donuts Dining

11,225 visits/mo 0.1 miles

Chase Bank Shops & Services

6,629 visits/mo 0.4 miles

7-Eleven Shops & Services

6,228 visits/mo 0.2 miles

Santander Bank Shops & Services

3,861 visits/mo 0.1 miles

Demographics for 07083, NJ

56,131

Population

20,792

Households

2.7

Avg Household Size

41

Median Age

41%

College-Educated

89%

High-School Grad

8.7 sq mi

ZIP Area

6,452

Density / Sq Mi

$118,106

Median Household Income

$58,443

Median Earnings

$1,938

Median Rent

$425,600

Median Home Value

Market

Vacancy Rate% for Retail in Northeast region

6% 2019

7.1% 2020

6.5% 2021

6% 2022

5.7% 2023

5.6% 2024

6% 2025

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Similar Off Market Nearby

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Frequently Asked Questions

What type of property is this?

Auto shop - A commercial site with a substantial parking area accompanies the existing automotive service facility.

Where is this auto shop located?

The property is located at 1415 Stuyvesant Ave #1 Union, NJ.

What is the asking price?

The asking price for this property is $1,495,000.

What are key features of this property?

This property features: 6,000‑square‑foot building; Approximately 1/2 acre of commercial property; Previously used as a transmission and automotive repair shop