Wantage Twp Auto
168 County Rd 565, Wantage Twp, NJ 07461
For Sale
$499,900
Pending
Three-bay garage with lifts and office space for sale.
Property Size2,000 SF
Lot Size0.53 Acres
Days on Market247
Property Features for 168 County Rd 565
General Information
Standard status
Size
Lot size
Property subtype
Taxes and HOA fees
Annual Taxes
Amenities
Central air
1 Unit Heating
Common Driveway
Corner
Driveway-Exclusive
Flat Roof
Forced Hot Air Heating
Level Lot
Wall A/C Unit(s) Cooling
Building Details
Year Built
Listing Agency:
WEICHERT REALTORS
(973) 827-8899
Listed By:
TERI DEGROAT
Source:
Corcoran
Added: Mar 8
Changed: Nov 8
Last Checked: Nov 8 at 5:17AM
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.
This commercial property features a three-bay garage equipped with two lifts, a workbench, shelves, an air compressor, and a tire machine. The garage space measures approximately 42x32 feet and includes an office and storage room. An above-ground oil tank is located in the storage area. The property is suitable for automotive-related businesses and offers a highly visible location.
Key Highlights
- Highly Visible Location
- 3‑Bay Garage with 2 Lifts
- Garage Size Approximately 42x32
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
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
NOI $28,547 @ 7.0% cap · market cap 5.71%
Second Best
Industrial
$320.7K
$280.6K – $374.1K
NOI $22,448 @ 7.0% cap · market cap 4.49%
Theoretical Best
Office A
$522.2K
$457.0K – $609.3K
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
Who owns this building?
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Open Analytics
Current Use
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in Northeast region
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 - Three-bay garage with lifts and office space for sale.
Where is this auto shop located?
The property is located at 168 County Rd 565 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: Highly Visible Location; 3‑Bay Garage with 2 Lifts; Garage Size Approximately 42x32
