Auto Shop with On-Site
For Sale
$1,700,000
1700 Asbury Avenue, Asbury Park, NJ 07712
Auto shop property built in 1940 with on-site parking and a gas water heater.
Property Size6,600 SF
Days on Market81
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Property Features for 1700 Asbury Avenue
General Information
Standard status
Active
Size
6,600 SF
Zoning
Commercial
Net Operating Income
$2,027
Taxes and HOA fees
Annual Taxes
$18,895
Amenities
Gas Water Heater
On Site
Building Details
Building Size
6,600 SF
Year Built
1940
Stories
1
Listing Agency:
Daunno Realty Services LLC
Listed By:
RUDOLPH DAUNNO · License #677573
(732) 396-3995
Source:
Evrealestate
Added: Jul 27
Changed: Oct 13
Last Checked: Oct 14 at 10:54PM
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 Daunno Realty Services LLC
Investment Insights
Based on property information with market context.
Auto shop property at 1700 Asbury Avenue in Asbury Park, NJ. The building was constructed in 1940 and includes a gas water heater. Parking is available on site, supporting day-to-day customer and service traffic.
For directions, the property is identified by GPS at 1700 Asbury Ave, Asbury Park, NJ 07712 in Monmouth County.
This is a straightforward automotive-use facility with practical site support for operations, including on-site parking and essential building utilities.
For directions, the property is identified by GPS at 1700 Asbury Ave, Asbury Park, NJ 07712 in Monmouth County.
This is a straightforward automotive-use facility with practical site support for operations, including on-site parking and essential building utilities.
Key Highlights
- Auto shop property at 1700 Asbury Avenue, Asbury Park, NJ 07712
- Built in 1940
- On‑site parking
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$94,204
Cap Rate
5.54%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,884,080
$1.9M
Cap Rate 7%
$1,345,771
$1.3M
Cap Rate 9%
$1,046,711
$1.0M
Market Conditions
NOI Build-Up for 6,600 SF
Gross rent
$142.6K $21.60/SF
− Vacancy
−$8.0K −$1.21/SF
EGI
$134.6K $20.39/SF
− OpEx
−$40.4K −$6.12/SF
NOI
$94.2K $14.27/SF
Area
Monmouth 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%
$1,884,080
Cap Rate 7%
$1,345,771
Cap Rate 9%
$1,046,711
Alternative Uses
Best Use
Retail
$1.35M
$1.18M – $1.57M
NOI $94,204 @ 7.0% cap · market cap 5.54%
Second Best
Industrial
$903.8K
$790.9K – $1.05M
NOI $63,268 @ 7.0% cap · market cap 3.72%
Theoretical Best
Office A
$1.72M
$1.51M – $2.01M
NOI $120,637 @ 7.0% cap · market cap 7.10%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
722
Businesses Nearby
32k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Groceries 69%
Shops & Services 31%
Aldi
Groceries
22,219 visits/mo
0.5 miles
7-Eleven
Shops & Services
5,369 visits/mo
0.2 miles
AutoZone
Shops & Services
4,103 visits/mo
0.5 miles
Napa Auto Parts
Shops & Services
386 visits/mo
0.1 miles
Demographics for 07712, NJ
39,397
Population
19,321
Households
2
Avg Household Size
42
Median Age
49%
College-Educated
93%
High-School Grad
12.2 sq mi
ZIP Area
3,229
Density / Sq Mi
$95,691
Median Household Income
$51,924
Median Earnings
$1,496
Median Rent
$578,300
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
- JP Auto — 318 NJ-35, Neptune City, NJ 07753
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- Neptune Transmission & Auto Repair — 311 NJ-35, Neptune City, NJ 07753
- Mike's Auto Repair — 1801 W Lake Ave, Neptune City, NJ 07753
- American GT Car Care — 300 NJ-35, Neptune City, NJ 07753
Frequently Asked Questions
What type of property is this?
Auto shop - Auto shop property built in 1940 with on-site parking and a gas water heater.
Where is this auto shop located?
The property is located at 1700 Asbury Avenue Asbury Park, NJ.
What is the asking price?
The asking price for this property is $1,700,000.
What are key features of this property?
This property features: Auto shop property at 1700 Asbury Avenue, Asbury Park, NJ 07712; Built in 1940; On‑site parking
