Freestanding Auto Repair
For Sale
$950,000
2 Roselle St, Linden, NJ 07036
Existing autobody repair use with shop access, gas heat, and separate warehouse storage.
Property Size4,632 SF
Price / SF$205.09
Days on Market52
Property Features for 2 Roselle St
General Information
Standard status
Active
Size
4,632 SF
Amenities
DRIVE-IN DOORS
SUSPENDED GAS HEATERS
Building Details
Year Built
1950
Tenancy
Single
Listing Agency:
WEICHERT REALTORS
Listed By:
DONNA KOSTOVICH
(908) 757-7780
Source:
Luminancerealty
Added: Jul 19
Changed: Sep 8
Last Checked: Aug 30 at 3:35PM
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
Investment Insights
Based on property information with market context.
This 4,632-square-foot freestanding auto shop was built in 1950 and is currently leased for autobody repair use. The shop area includes drive-in doors and suspended gas heaters, supporting vehicle service operations and indoor work space.
A separate storage and warehouse area is accessed through a rear drive-in door, providing distinct space for inventory, equipment, or related operations. The property is located at 2 Roselle St in Linden City, New Jersey.
A separate storage and warehouse area is accessed through a rear drive-in door, providing distinct space for inventory, equipment, or related operations. The property is located at 2 Roselle St in Linden City, New Jersey.
Key Highlights
- 4,632 SF freestanding auto shop
- Currently leased for autobody repair use
- Drive‑in doors serve the shop area
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$66,114
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
6.96%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,322,280
$1.3M
Cap Rate 7%
$944,486
$944.5K
Cap Rate 9%
$734,600
$734.6K
Market Conditions
NOI Build-Up for 4,632 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$100.1K $21.60/SF
− Vacancy
−$5.6K −$1.21/SF
EGI
$94.4K $20.39/SF
− OpEx
−$28.3K −$6.12/SF
NOI
$66.1K $14.27/SF
Area
Union 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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,322,280
Cap Rate 7%
$944,486
Cap Rate 9%
$734,600
Alternative Uses
Best Use
Retail
$944.5K
$826.4K – $1.10M
NOI $66,114 @ 7.0% cap · market cap 6.96%
Second Best
Warehouse
$901.9K
$789.2K – $1.05M
NOI $63,132 @ 7.0% cap · market cap 6.65%
Theoretical Best
Office A
$1.21M
$1.06M – $1.41M
NOI $84,666 @ 7.0% cap · market cap 8.91%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,260
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 07036, NJ
45,161
Population
16,911
Households
2.7
Avg Household Size
40
Median Age
23%
College-Educated
85%
High-School Grad
10.9 sq mi
ZIP Area
4,143
Density / Sq Mi
$89,942
Median Household Income
$46,736
Median Earnings
$1,622
Median Rent
$385,100
Median Home Value
Market
Vacancy Rate% for Industrial in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- E&A Supreme Auto Body — 1006 W Elizabeth Ave, Linden, NJ 07036
- O&K-1 Auto Service — 615 W Elizabeth Ave, Linden, NJ 07036
- My Car Care Inc. — 615 w elizabeth ave, linden, nj 07036
- Gatoulis Auto Repair — 333 W Elizabeth Ave, Linden, NJ 07036
- in & Out — 333 W Elizabeth Ave, Linden, NJ 07036
Frequently Asked Questions
What type of property is this?
Auto shop - Existing autobody repair use with shop access, gas heat, and separate warehouse storage.
Where is this auto shop located?
The property is located at 2 Roselle St Linden, NJ.
What is the asking price?
The asking price for this property is $950,000.
What are key features of this property?
This property features: 4,632 SF freestanding auto shop; Currently leased for autobody repair use; Drive‑in doors serve the shop area
