Building Details

Building Size 3,448 SF

Stories 1

Units 1

Listing Agency: United Real Estate Show Phone

Listed By: Jose Gignoux · License #258898 Show Phone

Source: Cammarotarealestate

Added: Jun 18 Changed: Oct 22 Last Checked: Oct 22 at 2:31PM

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Investment Insights

Based on property information with market context.

This 3,448-square-foot auto repair garage is configured with three service bays and a high ceiling. Its exterior is designed for low-maintenance upkeep, and the property carries BZ zoning. The stated use potential includes retail, office, and auto dealership applications.

The property is at 190 Belmont Ave in Haledon Boro, New Jersey.

Key Highlights

• Three‑bay auto and truck repair garage
• 3,448 square feet with a high ceiling
• Maintenance‑free exterior

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$49,214

Cap Rate

8.20%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$984,280 $984.3K

Cap Rate 7%

$703,057 $703.1K

Cap Rate 9%

$546,822 $546.8K

Is this asking price fair?

Market Conditions

NOI Build-Up for 3,448 SF

Gross rent

$74.5K $21.60/SF

− Vacancy

−$4.2K −$1.21/SF

EGI

$70.3K $20.39/SF

− OpEx

−$21.1K −$6.12/SF

NOI

$49.2K $14.27/SF

Area

Passaic 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%

$984,280

Cap Rate 7%

$703,057

Cap Rate 9%

$546,822

Alternative Uses

Best Use

Retail

$703.1K

$615.2K – $820.2K (±1% cap)

NOI $49,214 @ 7.0% cap · market cap 8.20%

Second Best

Industrial

$552.9K

$483.8K – $645.0K (±1% cap)

NOI $38,701 @ 7.0% cap · market cap 6.45%

Theoretical Best

Office A

$900.3K

$787.8K – $1.05M (±1% cap)

NOI $63,024 @ 7.0% cap · market cap 10.50%

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

Property Analytics

Who owns this building? See the owner, sales and loan history

Open Analytics

Current Use

Auto shops

Suggested Use

Top Pick Real Estate Agency Garden Center Catering Service (Bike/Boat/Book/etc) Store Veterinary Clinic Florist

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

1,347

Businesses Nearby

54k

Monthly Visits Nearby

Well-served

Demand for This Use

Explore this area Business Placement

Foot Traffic Nearby

Dining 59% Shops & Services 38% Electronics 3%

Family Dollar Shops & Services

12,242 visits/mo 0.4 miles

Dunkin' Donuts Dining

10,207 visits/mo 0.3 miles

Checkers Dining

8,796 visits/mo 0.3 miles

Burger King Dining

7,341 visits/mo 0.0 miles

Little Caesars Pizza Dining

5,201 visits/mo 0.5 miles

Demographics for 07508, NJ

23,959

Population

8,608

Households

2.8

Avg Household Size

39

Median Age

30%

College-Educated

89%

High-School Grad

5.0 sq mi

ZIP Area

4,792

Density / Sq Mi

$94,611

Median Household Income

$47,295

Median Earnings

$1,749

Median Rent

$444,600

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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Similar Off Market Nearby

• FS Auto Body — 9 Hill St, Paterson, NJ 07502
• Fleet Maintenance — 158 Rossiter Ave, Paterson, NJ 07502
• Corrado Auto Body II — 154 Rossiter Ave, Paterson, NJ 07502
• Exchange Tire Shop — 308 Union Ave, Paterson, NJ 07502
• Ja & P Auto Repair — 308 Union Ave, Paterson, NJ 07502

Frequently Asked Questions

What type of property is this?

Auto shop - Zoned BZ, the property also offers potential for retail, office, or auto dealership use.

Where is this auto shop located?

The property is located at 190 Belmont Ave #192 Haledon, NJ.

What is the asking price?

The asking price for this property is $600,000.

What are key features of this property?

This property features: Three‑bay auto and truck repair garage; 3,448 square feet with a high ceiling; Maintenance‑free exterior