Building Details

Building Size 2,000 SF

Year Built 1975

Stories 1

Units 1

Listing Agency: Weichert Realtors Show Phone

Listed By: Teri Degroat

Source: Cammarotarealestate

Added: Mar 6 Changed: Oct 23 Last Checked: Oct 22 at 2:21PM

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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 Weichert Realtors

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Investment Insights

Based on property information with market context.

Configured for automotive service, the property has a three-bay garage with two lifts, a workbench, shelving, an air compressor, and a tire machine. The garage measures approximately 42 by 32 feet, with an office and storage room also on site. An above-ground oil tank is located in the storage area.

Key Highlights

• Three‑bay garage with two lifts
• Garage area measures approximately 42 by 32 feet
• Includes an air compressor, tire machine, workbench, and shelving

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$28,547

Cap Rate

5.71%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$570,940 $570.9K

Cap Rate 7%

$407,814 $407.8K

Cap Rate 9%

$317,189 $317.2K

Is this asking price fair?

Market Conditions

NOI Build-Up for 2,000 SF

Gross rent

$43.2K $21.60/SF

− Vacancy

−$2.4K −$1.21/SF

EGI

$40.8K $20.39/SF

− OpEx

−$12.2K −$6.12/SF

NOI

$28.5K $14.27/SF

Area

Sussex 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%

$570,940

Cap Rate 7%

$407,814

Cap Rate 9%

$317,189

Alternative Uses

Best Use

Retail

$407.8K

$356.8K – $475.8K (±1% cap)

NOI $28,547 @ 7.0% cap · market cap 5.71%

Second Best

Industrial

$320.7K

$280.6K – $374.1K (±1% cap)

NOI $22,448 @ 7.0% cap · market cap 4.49%

Theoretical Best

Office A

$522.2K

$457.0K – $609.3K (±1% cap)

NOI $36,557 @ 7.0% cap · market cap 7.31%

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

Property Analytics

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Current Use

Auto shops

Suggested Use

Top Pick Real Estate Agency Dental Office Big Box & Wholesale Store Restaurant Electrical Service Plumbing Service

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

Lease Details

3

Service bays

Location Intelligence

Trade Area within ½ mile

62

Businesses Nearby

Well-served

Demand for This Use

Explore this area Business Placement

Demographics for 07461, NJ

18,530

Population

7,972

Households

2.3

Avg Household Size

44

Median Age

28%

College-Educated

93%

High-School Grad

83.0 sq mi

ZIP Area

223

Density / Sq Mi

$104,441

Median Household Income

$46,590

Median Earnings

$1,456

Median Rent

$338,500

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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Office Suite with Private Entrance

406 County Rd 565 Unit D, Wantage Twp, NJ 07461

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Similar Off Market Nearby

• All County Transmissions Inc. — 252-A County Rd 565, Sussex, NJ 07461
• K&A Towing And Recovery — 205 County Rd 565, Wantage, NJ 07461
• The Village Smith and Cycle Works LLC — 134 Compton Rd, Wantage, NJ 07461
• Faber's Garage — 27 County Rd 628, Wantage, NJ 07461
• Country Classic Auto Body — 27 County Rd 628, Wantage, NJ 07461

Frequently Asked Questions

What type of property is this?

Auto shop - The garage includes two vehicle lifts, tire-service equipment, an office, and a separate storage room.

Where is this auto shop located?

The property is located at 168 County Rd 565 #168 Wantage Twp, NJ.

What is the asking price?

The asking price for this property is $499,900.

What are key features of this property?

This property features: Three‑bay garage with two lifts; Garage area measures approximately 42 by 32 feet; Includes an air compressor, tire machine, workbench, and shelving