Three-Bay Block Auto
For Sale
$250,000
2481 N Delsea Dr, Vineland, NJ 08360
Block construction accommodates automotive, service, warehouse, and other approved commercial operations.
Property Size2,000 SF
Price / SF$125
Days on Market32
Property Features for 2481 N Delsea Dr
General Information
Standard status
Active
Size
2,000 SF
Additional Details
Service Bays
3
Taxes and HOA fees
Annual Taxes
$6,078
Amenities
overhead bay doors
Building Details
Buildings
1
Construction
block
Listing Agency:
EXP Realty, LLC
(866) 201-6210
Listed By:
Carlo Drogo Sr.
(856) 692-4368
Source:
Exprealty
Added: Sep 5
Changed: Oct 5
Last Checked: Oct 5 at 9:33PM
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 EXP Realty, LLC
Investment Insights
Based on property information with market context.
This auto shop contains approximately 2,000 SqFt of building space within a block-constructed facility. Three overhead bay doors provide direct access for automotive and service operations, while the building can also accommodate warehouse or other approved commercial uses. The property includes parking and outdoor space on the site.
Located at 2481 N DELSEA DRIVE in Vineland, New Jersey, the facility was built in 1956 and offers a straightforward commercial configuration for an owner-user or operator seeking an established auto-service building.
Located at 2481 N DELSEA DRIVE in Vineland, New Jersey, the facility was built in 1956 and offers a straightforward commercial configuration for an owner-user or operator seeking an established auto-service building.
Key Highlights
- Approximately 2,000 SqFt of building space
- Three overhead bay doors
- Block building construction
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$11,693
Cap Rate
4.68%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$233,860
$233.9K
Cap Rate 7%
$167,043
$167.0K
Cap Rate 9%
$129,922
$129.9K
Market Conditions
NOI Build-Up for 2,000 SF
Gross rent
$18.0K $9.00/SF
− Vacancy
−$1.3K −$0.65/SF
EGI
$16.7K $8.35/SF
− OpEx
−$5.0K −$2.51/SF
NOI
$11.7K $5.85/SF
Area
Cumberland County, NJ
Vacancy
7.20%
Lease Rate
$9.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$233,860
Cap Rate 7%
$167,043
Cap Rate 9%
$129,922
Alternative Uses
Best Use
Retail
$344.9K
$301.8K – $402.4K
NOI $24,142 @ 7.0% cap · market cap 9.66%
Second Best
Industrial
$167.0K
$146.2K – $194.9K
NOI $11,693 @ 7.0% cap · market cap 4.68%
Theoretical Best
Office A
$3.00M
$2.63M – $3.50M
NOI $210,211 @ 7.0% cap · market cap 84.08%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
3
Service bays
Location Intelligence
Trade Area within ½ mile
95
Businesses Nearby
241
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 100%
Truist
Shops & Services
241 visits/mo
0.3 miles
Demographics for 08360, NJ
43,043
Population
16,797
Households
2.6
Avg Household Size
38
Median Age
17%
College-Educated
79%
High-School Grad
44.3 sq mi
ZIP Area
972
Density / Sq Mi
$62,604
Median Household Income
$37,236
Median Earnings
$1,164
Median Rent
$199,600
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in Northeast region
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Similar Off Market Nearby
- Miguelito Auto Repair — 2215 N Delsea Dr, Vineland, NJ 08360
- Ocar Auto Repair — 2287 N Delsea Dr, Vineland, NJ 08360
- Clark's Auto World — 593 W Garden Rd, Vineland, NJ 08360
- Performance Auto Glass — 2481 N Delsea Dr, Vineland, NJ 08360
- Venta de vidrio carro — 2481 NJ-47, Vineland, NJ 08360
Frequently Asked Questions
What type of property is this?
Auto shop - Block construction accommodates automotive, service, warehouse, and other approved commercial operations.
Where is this auto shop located?
The property is located at 2481 N Delsea Dr Vineland, NJ.
What is the asking price?
The asking price for this property is $250,000.
What are key features of this property?
This property features: Approximately 2,000 SqFt of building space; Three overhead bay doors; Block building construction
