Established Auto Repair Shop For
For Sale
$899,999
1423 Corlies Avenue, Neptune, NJ 07753
COMMERCIAL - Neptune Township, NJ
Property Size3,358 SF
Lot Size0.17 Acres
Price / SF$268.02
Days on Market93
Property Features for 1423 Corlies Avenue
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning description
Commercial
Rooms
Basement
Parking
15
Parking features
Parking Lot, Offsite, Off Street, On Street
Security features
Security System
Interior features
Auto Bay
Fireplace
1
Lot features
Level, Corner Lot
Directions
NJ-33 to Corlies Ave in Neptune
Standard status
Active
APN
35-01004-0000-00009
Size
3,358 SF
Lot size
0.17 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
13564
Utilities
Sewer type
Public Sewer
Heating system
Forced Air
Water source
Public
Building Details
Year built
1957
Floors in Building
1
Flooring type
Concrete, Linoleum
Building materials
Block, Brick
Roof type
Flat
Listing Agency:
RE/MAX 1st. Advantage
(732) 827-5344
Listed By:
Robert Dekanski · License #232901
(732) 827-5344
Added: May 1
Changed: Jul 29
Last Checked: Aug 1 at 2:06AM
MLS# 22612506
Copyright © 2026 More MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This commercial property in Neptune Township, NJ, presents a prime real estate opportunity. The freestanding 60x60 auto repair service is situated on a 0.17-acre corner lot. The property has been a well-established body shop for almost 40 years. The 3,358 square foot property includes an additional garage, providing extra service space. The interior features a front reception area, ample on-site storage, and a private half bath. On-site parking is available for 15+ vehicles. The property is located in a high-traffic area, providing maximum visibility and accessibility. It also offers easy access to major roads and Asbury Park. The existing business has a loyal customer base and a strong community presence. The included phone numbers can help maintain the existing customer base. The additional garage space allows for increased capacity and new revenue streams, ideal for expanding services or specialized repairs. The property is located in Neptune Township, Monmouth County, New Jersey.
Key Highlights
- Freestanding 60x60 auto repair service building on a 2,405 SF corner lot
- Interior includes an auto bay, front reception area, ample on‑site storage, and a private 1/2 bath
- Multiple garage bays plus an additional garage for extra service space
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 authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
1,109
Businesses Nearby
17k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 66%
Groceries 34%
Dollar General Market
Groceries
5,684 visits/mo
0.1 miles
Exxon
Shops & Services
5,292 visits/mo
0.2 miles
Wells Fargo
Shops & Services
4,870 visits/mo
0.4 miles
Extra Space Storage
Shops & Services
835 visits/mo
0.3 miles
Demographics for 07753, NJ
37,397
Population
16,701
Households
2.2
Avg Household Size
45
Median Age
37%
College-Educated
93%
High-School Grad
16.0 sq mi
ZIP Area
2,337
Density / Sq Mi
$92,824
Median Household Income
$49,953
Median Earnings
$1,740
Median Rent
$390,900
Median Home Value
Market
Vacancy Rate% for Retail in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Matt's-T-Service Complete Auto Repair — 51 Morris Ave, Neptune City, NJ 07753
- Shore Collision & Paint — 52 Morris Avenue, NJ-35, Neptune City, NJ 07753
- J & W Auto Repair — 82 Hillside Ave, Neptune City, NJ 07753
- Platinum Detailing and Wash LLC — 50 Morris Ave, Neptune City, NJ 07753
- Ray's Service Center — 85 Steiner Ave, Neptune City, NJ 07753
Frequently Asked Questions
What type of property is this?
Auto shop - Turn-key auto repair shop with high visibility and growth potential.
Where is this auto shop located?
The property is located at 1423 Corlies Avenue 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: Freestanding 60x60 auto repair service building on a 2,405 SF corner lot; Interior includes an auto bay, front reception area, ample on‑site storage, and a private 1/2 bath; Multiple garage bays plus an additional garage for extra service space
