Four-Bay Auto Repair
For Sale
$525,000
307 Route 9, Waretown, NJ 08758
Shop equipment is included, alongside dedicated office and reception space.
Property Size2,000 SF
Price / SF$262.50
Days on Market103
Property Features for 307 Route 9
General Information
Standard status
Active
Size
2,000 SF
Property subtype
Commercial
Site & Location
Highway Access
Yes
Road Access
Yes
Automotive
Service Bays
4
Automotive Uses
auto repair
Additional Details
Real Estate Included
Yes
Building Details
Year Built
1999
Listing Agency:
RE/MAX Revolution
Listed By:
Christopher Byrne · License #2220519
(732) 678-1328
Source:
Defelicerealtygroup
Added: Jul 22
Changed: Oct 31
Last Checked: Oct 31 at 3:31AM
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 RE/MAX Revolution
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 2,000-square-foot automotive service property has four repair bays, four lifts, and an office and reception area. Shop equipment is included with the real estate. The building dates to 1999, and the site has a history of transmission and general automotive repair.
The property is at 307 Route 9 in Waretown, New Jersey. The business name and goodwill are offered separately from the real estate and equipment; the owner may provide transition assistance.
The property is at 307 Route 9 in Waretown, New Jersey. The business name and goodwill are offered separately from the real estate and equipment; the owner may provide transition assistance.
Key Highlights
- 2,000‑square‑foot automotive facility built in 1999
- Four service bays and four lifts
- Office and reception area
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$28,547
Cap Rate
5.44%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$570,940
$570.9K
Cap Rate 7%
$407,814
$407.8K
Cap Rate 9%
$317,189
$317.2K
Market Conditions
NOI Build-Up for 2,000 SF
Gross rent
$43.2K $21.60/SF
− Vacancy
−$2.4K −$1.21/SF
EGI
$40.8K $20.39/SF
− OpEx
−$12.2K −$6.12/SF
NOI
$28.5K $14.27/SF
Area
Ocean 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%
$570,940
Cap Rate 7%
$407,814
Cap Rate 9%
$317,189
Alternative Uses
Best Use
Retail
$407.8K
$356.8K – $475.8K
NOI $28,547 @ 7.0% cap · market cap 5.44%
Second Best
Industrial
$320.7K
$280.6K – $374.1K
NOI $22,448 @ 7.0% cap · market cap 4.28%
Theoretical Best
Office A
$522.2K
$457.0K – $609.3K
NOI $36,557 @ 7.0% cap · market cap 6.96%
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
4
Service bays
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
165
Businesses Nearby
57k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 32%
Superstores 32%
Dining 31%
Groceries 4%
Big Lots
Superstores
18,304 visits/mo
0.5 miles
McDonald's
Dining
16,969 visits/mo
0.4 miles
Dollar Tree
Shops & Services
10,998 visits/mo
0.4 miles
Dollar General
Shops & Services
6,693 visits/mo
0.0 miles
Spirits Unlimited
Groceries
2,184 visits/mo
0.4 miles
Demographics for 08758, NJ
7,582
Population
3,765
Households
2
Avg Household Size
58
Median Age
33%
College-Educated
95%
High-School Grad
18.1 sq mi
ZIP Area
419
Density / Sq Mi
$103,877
Median Household Income
$55,612
Median Earnings
$1,239
Median Rent
$455,900
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
- Storm Preperation and Repair — 5 Fresno St, Barnegat, NJ 08005
- Blue Wave Car Wash & Quick Lube — 567 N Main St, Barnegat Township, NJ 08005
- Braking Bad Mobile Brake Service — 103 4th St, Barnegat Township, NJ 08005
- James Roadside Assistance — 299 US-9 Suite #9, Waretown, NJ 08758
- Barnegat Bay Auto Care Center — 301 US-9, Waretown, NJ 08758
Frequently Asked Questions
What type of property is this?
Auto shop - Shop equipment is included, alongside dedicated office and reception space.
Where is this auto shop located?
The property is located at 307 Route 9 Waretown, NJ.
What is the asking price?
The asking price for this property is $525,000.
What are key features of this property?
This property features: 2,000‑square‑foot automotive facility built in 1999; Four service bays and four lifts; Office and reception area
