Automotive Industrial Facility with 5
For Sale
Contact for pricing
24 Fairview Avenue, Little Silver, NJ 07739
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 Market37
Property Features for 24 Fairview Avenue
General Information
Standard status
Active
Size
5,400 SF
Lot size
0.34 Acres
Property subtype
Retail
Site & Location
Highway Access
Yes
Road Access
Yes
Additional Details
Drive-In Doors
5
Building Details
Year Renovated
2017
Listing Agency:
Starker Commercial Realty LLC
Listed By:
Susan Taylor · License #NJ 0449027
Source:
Crexi
Added: Jul 7
Changed: Aug 8
Last Checked: Aug 12 at 9:29AM
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
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
$51,765
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
2.80%
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%
$1,035,300
$1.0M
Cap Rate 7%
$739,500
$739.5K
Cap Rate 9%
$575,167
$575.2K
Market Conditions
NOI Build-Up for 5,400 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
$77.8K $14.40/SF
− Vacancy
−$3.8K −$0.71/SF
EGI
$73.9K $13.69/SF
− OpEx
−$22.2K −$4.11/SF
NOI
$51.8K $9.59/SF
Area
Monmouth County, NJ
Vacancy
4.90%
Lease Rate
$14.40 /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%
$1,035,300
Cap Rate 7%
$739,500
Cap Rate 9%
$575,167
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 authorities.
Property Analytics
Property Profile
Current Use
Lease Details
5
Drive-in doors
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
333
Businesses Nearby
Explore this area
Business Placement
Demographics for 07739, NJ
6,122
Population
2,352
Households
2.6
Avg Household Size
45
Median Age
80%
College-Educated
99%
High-School Grad
2.7 sq mi
ZIP Area
2,267
Density / Sq Mi
$220,746
Median Household Income
$94,569
Median Earnings
$3,501
Median Rent
$870,700
Median Home Value
Market
Vacancy Rate% for Industrial in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
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
