3-Bay Automotive Service
2539 NOTTINGHAM WAY, Hamilton, NJ 08619
For Sale
$724,900
A month-to-month automotive tenant occupies the building, which has a paved area for service work and parking.
Property Size2,367 SF
Price / SF$306.25
Days on Market53
Property Features for 2539 NOTTINGHAM WAY
General Information
Standard status
Size
Property subtype
Occupancy
Additional Details
Road Access
Service Bays
Amenities
waiting area
customer powder room
employee powder and laundry room
supply room
Building Details
Year Built
Buildings
Tenancy
Abandoned
Listing Agency:
David DePaola and Company Real Estate
(609) 883-4161
Listed By:
David DePaola · License NJ #8338280
(609) 731-0581
Source:
Cummingsrealtors
Added: Sep 23
Changed: Nov 12
Last Checked: Nov 12 at 8:21AM
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 David DePaola and Company Real Estate
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Investment Insights
Based on property information with market context.
Built in 1967, this 2,367-square-foot automotive service property has three bays and a waiting area, customer powder room, employee powder room with laundry, and supply room. The building has a new roof and exterior paint, and its concrete walkways have been repaired or replaced. Dual-post 10,000lb Challenger lifts are being installed in place of the existing in-ground hydraulic lifts.
A large paved area serves the property’s automotive service and parking functions. The site is on Nottingham Way in Hamilton, New Jersey. An automotive tenant currently occupies the building under a month-to-month lease.
A large paved area serves the property’s automotive service and parking functions. The site is on Nottingham Way in Hamilton, New Jersey. An automotive tenant currently occupies the building under a month-to-month lease.
Key Highlights
- Three‑bay automotive service facility with 2,367 square feet
- Dual post 10,000lb Challenger lifts are being installed
- New roof and exterior paint; concrete walkways repaired or replaced
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$44,283
Cap Rate
6.11%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$885,660
$885.7K
Cap Rate 7%
$632,614
$632.6K
Cap Rate 9%
$492,033
$492.0K
Market Conditions
NOI Build-Up for 2,367 SF
Gross rent
$68.2K $28.80/SF
− Vacancy
−$4.9K −$2.07/SF
EGI
$63.3K $26.73/SF
− OpEx
−$19.0K −$8.02/SF
NOI
$44.3K $18.71/SF
Area
Mercer County, NJ
Vacancy
7.20%
Lease Rate
$28.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$885,660
Cap Rate 7%
$632,614
Cap Rate 9%
$492,033
Alternative Uses
Best Use
Industrial
$632.6K
$553.5K – $738.1K
NOI $44,283 @ 7.0% cap · market cap 6.11%
Second Best
Retail
$505.7K
$442.5K – $589.9K
NOI $35,396 @ 7.0% cap · market cap 4.88%
Theoretical Best
Warehouse
$761.6K
$666.4K – $888.5K
NOI $53,309 @ 7.0% cap · market cap 7.35%
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
Lease Details
3
Service bays
100%
Occupancy
Single-tenant
Tenancy
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
678
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 08619, NJ
23,301
Population
9,761
Households
2.4
Avg Household Size
44
Median Age
46%
College-Educated
96%
High-School Grad
10.0 sq mi
ZIP Area
2,330
Density / Sq Mi
$104,922
Median Household Income
$56,772
Median Earnings
$1,712
Median Rent
$320,800
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in Northeast region
Similar Off Market Nearby
- Haldeman Subaru Service — 607 NJ-33, Mercerville, NJ 08619
- Haldeman Collision Center — 607 NJ-33, Trenton, NJ 08619
- Quick Lane at Haldeman Ford — 607 nj-33, trenton, nj 08619
- Haldeman Ford Hamilton Service & Parts — 607 NJ-33, Trenton, NJ 08619
- Joe's Hamilton Transmission Service — 2161 Nottingham Way, Mercerville, NJ 08619
Frequently Asked Questions
What type of property is this?
Auto shop - A month-to-month automotive tenant occupies the building, which has a paved area for service work and parking.
Where is this auto shop located?
The property is located at 2539 NOTTINGHAM WAY Hamilton, NJ.
What is the asking price?
The asking price for this property is $724,900.
What are key features of this property?
This property features: Three‑bay automotive service facility with 2,367 square feet; Dual post 10,000lb Challenger lifts are being installed; New roof and exterior paint; concrete walkways repaired or replaced
