3-Bay Auto
New
For Sale
$399,999
285 W White Horse Pike, Galloway Township, NJ 08215
COMMERCIAL/INDUSTRIAL, Galloway Township, NJ
Property Size3,300 SF
Lot Size1.40 Acres
Price / SF$121.21
Days on Market2
Property Features for 285 W White Horse Pike
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
HC-2
Directions
Pomona and White Horse Pike to West of Super Wawa
Subdivision
Galloway Twp
Standard status
Active
Lot size
1.40 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
20198
Amenities
offices
restroom
mezzanine storage
secured parking
Building Details
Year built
1955
Listing Agency:
Keller Williams Main Street · Keller Williams Realty
(856) 858-2200
Listed By:
Patrick Gorman · License #340986
(856) 200-8320
Added: Sep 22
Last Checked: Sep 23 at 10:06PM
MLS# 612142
Copyright © 2026 South Jersey Shore Regional MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This auto shop property includes an existing 3,300+/- SF facility with three garage bays, a detail bay, offices, a restroom, mezzanine storage, and secured parking for 35+ vehicles. The office roof was replaced in 2024. The property is being sold AS IS, with inspections, approvals, certifications, and repairs the buyer’s responsibility.
Located at 285 W White Horse Pike in Galloway Township, the site has 200+ feet of frontage along Route 30 and access from Langley Avenue. Traffic volume is approximately 19,140 AADT based on 2015 data. Super Wawa and Dollar General are adjacent, while the property is across from a 55+ rental community and near Atlantic City Airport, the FAA Technical Center, and Stockton University. HC-2 zoning allows retail, commercial, office, and potential redevelopment uses subject to Township approvals.
Located at 285 W White Horse Pike in Galloway Township, the site has 200+ feet of frontage along Route 30 and access from Langley Avenue. Traffic volume is approximately 19,140 AADT based on 2015 data. Super Wawa and Dollar General are adjacent, while the property is across from a 55+ rental community and near Atlantic City Airport, the FAA Technical Center, and Stockton University. HC-2 zoning allows retail, commercial, office, and potential redevelopment uses subject to Township approvals.
Key Highlights
- 3,300+/- SF facility with a 3‑bay auto garage and separate detail bay
- Secured parking for 35+ vehicles
- 200+ feet of frontage on White Horse Pike (Route 30)
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
$31,705
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
7.93%
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%
$634,100
$634.1K
Cap Rate 7%
$452,929
$452.9K
Cap Rate 9%
$352,278
$352.3K
Market Conditions
NOI Build-Up for 3,300 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
$49.5K $15.00/SF
− Vacancy
−$4.2K −$1.28/SF
EGI
$45.3K $13.73/SF
− OpEx
−$13.6K −$4.12/SF
NOI
$31.7K $9.61/SF
Area
Atlantic County, NJ
Vacancy
8.50%
Lease Rate
$15.00 /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%
$634,100
Cap Rate 7%
$452,929
Cap Rate 9%
$352,278
Alternative Uses
Best Use
Industrial
$1.01M
$885.5K – $1.18M
NOI $70,842 @ 7.0% cap · market cap 17.71%
Second Best
Retail
$452.9K
$396.3K – $528.4K
NOI $31,705 @ 7.0% cap · market cap 7.93%
Theoretical Best
Warehouse
$1.23M
$1.08M – $1.43M
NOI $86,023 @ 7.0% cap · market cap 21.51%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
4
Service bays
19,140 VPD
Traffic count
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
4
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 08215, NJ
14,092
Population
5,813
Households
2.4
Avg Household Size
45
Median Age
23%
College-Educated
92%
High-School Grad
124.1 sq mi
ZIP Area
114
Density / Sq Mi
$84,630
Median Household Income
$46,680
Median Earnings
$1,525
Median Rent
$266,500
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Auto shop - HC-2 commercial zoning supports automotive, retail, office, and other uses subject to Township approvals.
Where is this auto shop located?
The property is located at 285 W White Horse Pike Galloway Township, NJ.
What is the asking price?
The asking price for this property is $399,999.
What are key features of this property?
This property features: 3,300+/- SF facility with a 3‑bay auto garage and separate detail bay; Secured parking for 35+ vehicles; 200+ feet of frontage on White Horse Pike (Route 30)
