Two-Bay Auto Repair
New
For Sale
$649,900
3 WAKER AVENUE, Allentown, NJ 08501
Former fuel storage tanks have been removed from this automotive service property.
Property Size1,750 SF
Price / SF$371.37
Days on Market6
Property Features for 3 WAKER AVENUE
General Information
Standard status
Active
Size
1,750 SF
Property subtype
Commercial
Additional Details
Road Access
Yes
Service Bays
2
Listing Agency:
Keller Williams Premier
(609) 459-5100
Listed By:
Theodore Skopas
(609) 213-7300
Source:
Cummingsrealtors
Added: Oct 16
Changed: Oct 21
Last Checked: Oct 20 at 10:06PM
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 Keller Williams Premier
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 1,750-square-foot auto service property is configured as a two-bay repair facility. It was previously operated as a gasoline service station, and former fuel storage tanks have been removed.
The property is at 3 Waker Avenue, also identified as County Route 526, in Allentown, New Jersey.
The property is at 3 Waker Avenue, also identified as County Route 526, in Allentown, New Jersey.
Key Highlights
- Two‑bay repair facility
- 1,750 square feet
- Former fuel storage tanks have been removed
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$24,978
Cap Rate
3.84%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$499,560
$499.6K
Cap Rate 7%
$356,829
$356.8K
Cap Rate 9%
$277,533
$277.5K
Market Conditions
NOI Build-Up for 1,750 SF
Gross rent
$37.8K $21.60/SF
− Vacancy
−$2.1K −$1.21/SF
EGI
$35.7K $20.39/SF
− OpEx
−$10.7K −$6.12/SF
NOI
$25.0K $14.27/SF
Area
Monmouth County, NJ
Vacancy
5.60%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$499,560
Cap Rate 7%
$356,829
Cap Rate 9%
$277,533
Alternative Uses
Best Use
Retail
$356.8K
$312.2K – $416.3K
NOI $24,978 @ 7.0% cap · market cap 3.84%
Second Best
Industrial
$239.7K
$209.7K – $279.6K
NOI $16,776 @ 7.0% cap · market cap 2.58%
Theoretical Best
Office A
$457.0K
$399.8K – $533.1K
NOI $31,987 @ 7.0% cap · market cap 4.92%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Lease Details
2
Service bays
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
14
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 08501, NJ
6,574
Population
2,495
Households
2.6
Avg Household Size
46
Median Age
60%
College-Educated
96%
High-School Grad
27.2 sq mi
ZIP Area
242
Density / Sq Mi
$133,015
Median Household Income
$71,700
Median Earnings
$1,457
Median Rent
$530,100
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
Similar Off Market Nearby
- Superglass Windshield Repair of Linden
- Diamond Dave Auto Glass
Frequently Asked Questions
What type of property is this?
Auto shop - Former fuel storage tanks have been removed from this automotive service property.
Where is this auto shop located?
The property is located at 3 WAKER AVENUE Allentown, NJ.
What is the asking price?
The asking price for this property is $649,900.
What are key features of this property?
This property features: Two‑bay repair facility; 1,750 square feet; Former fuel storage tanks have been removed
