Automotive Industrial Facility with 5
24 Fairview Avenue Little Silver, NJ 07739
For Sale
Contact for pricing
Automotive and industrial building with five automatic drive-in doors and HVAC throughout, plus a roof replacement in 2017.
Property Size5,400 SF
Lot Size0.34 Acres
Price / SF$342.59
Days on Market19
Property Features for 24 Fairview Avenue
General Information
- Standard status
- Active
- Size
- 5,400 SF
- Lot size
- 0.34 Acres
- Property subtype
- Retail
Listing Agency:
Starker Commercial Realty LLC
Listed By:
Susan Taylor · License #NJ 0449027
Source:
Crexi
Added: Jul 7
Changed: Jul 23
Last Checked: Jul 24 at 1:39PM
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 Starker Commercial Realty LLC
Investment Insights
Based on property information with market context.
24 Fairview Avenue is a purpose-built automotive and industrial facility totaling 5,400 square feet. The property is configured for automotive refinishing, restoration, collision repair, and specialty vehicle services, supported by five automatic drive-in doors, including two 12-foot doors and one 10-foot door. The building is fully climate-controlled with HVAC throughout, and the roof was replaced in 2017.
The property sits on a 100' x 150' lot along Fairview Avenue, with immediate access to Route 35, Route 36, and the Garden State Parkway. It is also described as being minutes from Downtown Red Bank and the Little Silver NJ Transit Station.
For buyers seeking a well-equipped automotive/industrial asset, the layout centers on vehicle flow and heated, air-conditioned work areas, complemented by multiple drive-in access points.
The property sits on a 100' x 150' lot along Fairview Avenue, with immediate access to Route 35, Route 36, and the Garden State Parkway. It is also described as being minutes from Downtown Red Bank and the Little Silver NJ Transit Station.
For buyers seeking a well-equipped automotive/industrial asset, the layout centers on vehicle flow and heated, air-conditioned work areas, complemented by multiple drive-in access points.
Key Highlights
- 5,400 SF automotive/industrial facility built for refinishing, restoration, collision repair, and specialty vehicle services
- 100' x 150' lot with five automatic drive‑in doors, including two 12' doors and one 10' door
- Fully heated and air‑conditioned (HVAC) throughout for climate‑controlled operations
Financial Insights For Industrial
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $77.8k | $14.40 |
| − Vacancy | −$3.8k | −$0.71 |
| EGI | $73.9k | $13.69 |
| − OpEx | −$22.2k | −$4.11 |
| NOI | $51.8k | $9.59 |
5,400 SF · lease $14.40/SF/yr · vacancy 4.90% · expense 30.00%
Alternative Uses
Best Use
Industrial
$739.5K
$647.1K – $862.8K
NOI $51,765 @ 7.0% cap · market cap 2.80%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.41M
$1.23M – $1.65M
NOI $98,703 @ 7.0% cap · market cap 5.34%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Epic Collision
Auto Repair Shop
FAQs
What type of property is this?
Manufacturing property - Automotive and industrial building with five automatic drive-in doors and HVAC throughout, plus a roof replacement in 2017.
Where is this manufacturing property located?
The property is located at 24 Fairview Avenue Little Silver, NJ.
What is the asking price?
The asking price for this property is $1,850,000.
What are key features of this property?
This property features: 5,400 SF automotive/industrial facility built for refinishing, restoration, collision repair, and specialty vehicle services; 100' x 150' lot with five automatic drive‑in doors, including two 12' doors and one 10' door; Fully heated and air‑conditioned (HVAC) throughout for climate‑controlled operations
