Established Auto Repair Shop For
1423 Corlies Ave Neptune, NJ
1423 Corlies Ave, Neptune, NJ, 00000
$899,999
For Sale
$899,999
Turn-key auto repair shop with loyal customer base.
Property Size3,358 SF
Lot Size0.06 Acres
Price / SF$268.02
Days on Market82
Property Features for 1423 Corlies Ave
General Information
- Standard status
- Active
- Size
- 3,358 SF
- Lot size
- 0.06 Acres
Listing Agency
RE/MAX 1st ADVANTAGE
(732) 827-5344
Listed by
ROBERT DEKANSKI · License #232901
Source
Exprealty
Added: May 1 Updated: Jul 10 at 1:36 pm Checked: Jul 20 at 5:26 am
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 1st ADVANTAGE
Investment Insights
Based on property information with market context.
This freestanding 3,358 sq ft auto repair service is situated on a 2,405 sq ft corner lot. The property features a well-established body shop with a history of service. An additional garage provides extra service space, allowing for increased capacity and new revenue streams. The interior includes a front reception area, ample on-site storage, and a private 1/2 bath. On-site parking is available for 15+ vehicles. The property is located in a high-traffic area with easy access to major roads and proximity to Asbury Park. The property is intended for use as an auto repair shop and offers potential for business growth with a loyal customer base.
Key Highlights
- Established 5‑star auto repair business with a 40‑year track record.
- Prime corner lot location in a high‑traffic area of Neptune, with easy access to major roads and Asbury Park.
- Turn‑key opportunity with a loyal customer base and included phone numbers.
Local Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $72.5k | $21.60 |
| − Vacancy | −$4.1k | −$1.21 |
| EGI | $68.5k | $20.39 |
| − OpEx | −$20.5k | −$6.12 |
| NOI | $47.9k | $14.27 |
3,358 SF · lease $21.60/SF/yr · vacancy 5.60% · expense 30.00%
Alternative Uses
Best Use
Retail
$684.7K
$599.1K – $798.8K
NOI $47,930 @ 7.0% cap · market cap 5.33%
Second Best
Industrial
$459.9K
$402.4K – $536.5K
NOI $32,190 @ 7.0% cap · market cap 3.58%
Theoretical Best
Office A
$876.8K
$767.2K – $1.02M
NOI $61,379 @ 7.0% cap · market cap 6.82%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Auto shops
Similar For Sale Nearby
Similar Off Market Nearby
- Eric's Automotive — 1939 NJ-35, Wall Township, NJ 07719
- Firestone Complete Auto Care — 2001 NJ-35, Wall Township, NJ 07719
FAQs
What type of property is this?
Auto shop - Turn-key auto repair shop with loyal customer base.
Where is this auto shop located?
The property is located at 1423 Corlies Ave Neptune, NJ.
What is the asking price?
The asking price for this property is $899,999.
What are key features of this property?
This property features: Established 5‑star auto repair business with a 40‑year track record.; Prime corner lot location in a high‑traffic area of Neptune, with easy access to major roads and Asbury Park.; Turn‑key opportunity with a loyal customer base and included phone numbers.
