Two-Bay Self-Service Car
For Sale
$675,000
151 Paul Robeson Boulevard, New Brunswick, NJ 08901
Existing commercial building with operating wash bays in New Brunswick near Rutgers University and Robert Wood Johnson University Hospital.
Property Size1,311 SF
Price / SF$514.87
Days on Market49
Property Features for 151 Paul Robeson Boulevard
General Information
Standard status
Active
Size
1,311 SF
Building Details
Year Built
1940
Listing Agency:
SBR Realty LLC
Listed By:
Cossandra D Riggins · License #3337235
Source:
Thebansalteam
Added: Sep 8
Changed: Oct 25
Last Checked: Oct 7 at 2:31PM
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 SBR Realty LLC
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Investment Insights
Based on property information with market context.
This property includes an existing commercial building with two operating bays and is classified as a self-service car wash. The building was constructed in 1940 and is located at 151 Paul Robeson Boulevard in New Brunswick, New Jersey.
The property is near downtown New Brunswick, Rutgers University, and Robert Wood Johnson University Hospital. The surrounding area includes dining, shopping, residential development, and commercial activity, with access to major transportation routes.
The property is near downtown New Brunswick, Rutgers University, and Robert Wood Johnson University Hospital. The surrounding area includes dining, shopping, residential development, and commercial activity, with access to major transportation routes.
Key Highlights
- Existing commercial building with two operating bays
- Self‑service car wash classification
- Located at 151 Paul Robeson Boulevard, New Brunswick, NJ 08901
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$20,049
Cap Rate
2.97%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$400,980
$401.0K
Cap Rate 7%
$286,414
$286.4K
Cap Rate 9%
$222,767
$222.8K
Market Conditions
NOI Build-Up for 1,311 SF
Gross rent
$28.3K $21.60/SF
− Vacancy
−$1.6K −$1.21/SF
EGI
$26.7K $20.39/SF
− OpEx
−$6.7K −$5.10/SF
NOI
$20.0K $15.29/SF
Area
Middlesex County, NJ
Vacancy
5.60%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$400,980
Cap Rate 7%
$286,414
Cap Rate 9%
$222,767
Alternative Uses
Best Use
Specialty Retail
$286.4K
$250.6K – $334.2K
NOI $20,049 @ 7.0% cap · market cap 2.97%
Second Best
Retail
$267.3K
$233.9K – $311.9K
NOI $18,712 @ 7.0% cap · market cap 2.77%
Theoretical Best
Office A
$342.3K
$299.5K – $399.4K
NOI $23,963 @ 7.0% cap · market cap 3.55%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
2,370
Businesses Nearby
23k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Groceries 40%
Shops & Services 37%
Dining 20%
Electronics 3%
Bravo Supermarkets
Groceries
9,494 visits/mo
0.5 miles
Exxon
Shops & Services
6,923 visits/mo
0.4 miles
China King
Dining
1,810 visits/mo
0.5 miles
H&R Block
Shops & Services
1,754 visits/mo
0.5 miles
El Gallo Giro
Dining
1,716 visits/mo
0.4 miles
Demographics for 08901, NJ
56,278
Population
17,071
Households
3.3
Avg Household Size
27
Median Age
24%
College-Educated
66%
High-School Grad
6.3 sq mi
ZIP Area
8,933
Density / Sq Mi
$60,248
Median Household Income
$25,192
Median Earnings
$1,790
Median Rent
$316,800
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in Northeast region
Frequently Asked Questions
What type of property is this?
Self service car wash - Existing commercial building with operating wash bays in New Brunswick near Rutgers University and Robert Wood Johnson University Hospital.
Where is this self service car wash located?
The property is located at 151 Paul Robeson Boulevard New Brunswick, NJ.
What is the asking price?
The asking price for this property is $675,000.
What are key features of this property?
This property features: Existing commercial building with two operating bays; Self‑service car wash classification; Located at 151 Paul Robeson Boulevard, New Brunswick, NJ 08901
