3-Bay Auto
31 Bordentown Tpke, Monroe, NJ 08831
For Sale
New
Contact for pricing
A fenced parking area accommodates nine vehicles alongside the service workspace.
Property Size3,525 SF
Days on Market4
Property Features for 31 Bordentown Tpke
General Information
Standard status
Size
Total Parking Spaces
Property subtype
Site & Location
Fenced Yard
Outdoor Storage
Automotive
Service Bays
Automotive Uses
Additional Details
Real Estate Included
Taxes and HOA fees
Annual Taxes
Amenities
update bathroom
spacious storage closet
dedicated office area
Building Details
Building Size
Year Built
Stories
Listing Agency:
RE/MAX First Realty
Listed By:
KAREN SCARPA · License #8838475
(732) 631-4514
Source:
Elliman
Added: Nov 6
Last Checked: Nov 8 at 6:12AM
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 First Realty
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.
Built in 1953, the auto shop is configured with three service bays, an office, a storage closet, and an updated bathroom. The property also includes nine parking spaces inside a fenced area, providing on-site space for vehicles and equipment.
Key Highlights
- Three service bays
- Nine parking spaces within a fenced area
- Office, storage closet, and updated bathroom
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$39,565
Suggested Prices Based on Cap Rates
Cap Rate 5%
$791,300
$791.3K
Cap Rate 7%
$565,214
$565.2K
Cap Rate 9%
$439,611
$439.6K
Market Conditions
NOI Build-Up for 3,525 SF
Gross rent
$60.1K $17.04/SF
− Vacancy
−$3.5K −$1.01/SF
EGI
$56.5K $16.03/SF
− OpEx
−$17.0K −$4.81/SF
NOI
$39.6K $11.22/SF
Area
Middlesex County, NJ
Vacancy
5.90%
Lease Rate
$17.04 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$791,300
Cap Rate 7%
$565,214
Cap Rate 9%
$439,611
Alternative Uses
Best Use
Retail
$718.8K
$628.9K – $838.6K
NOI $50,313 @ 7.0% cap · market cap 774.05%
Second Best
Industrial
$565.2K
$494.6K – $659.4K
NOI $39,565 @ 7.0% cap · market cap 608.69%
Theoretical Best
Office A
$920.4K
$805.4K – $1.07M
NOI $64,431 @ 7.0% cap · market cap 991.25%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
3
Service bays
Yes
Fenced yard
Location Intelligence
Trade Area within ½ mile
43
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 08831, NJ
55,123
Population
24,898
Households
2.2
Avg Household Size
53
Median Age
51%
College-Educated
95%
High-School Grad
51.3 sq mi
ZIP Area
1,075
Density / Sq Mi
$108,741
Median Household Income
$74,340
Median Earnings
$1,872
Median Rent
$489,700
Median Home Value
Market
Average Price Trend$/SF for Auto shops in Middlesex County, NJ
Properties on Market for Auto shops in Middlesex County
Vacancy Rate% for Retail in Northeast region
Similar Off Market Nearby
- Meridian Auto Group, LLC — 83 helmetta rd, monroe township, nj 08831
- Express Auto Body Collision — 83 Helmetta Rd, Monroe Township, NJ 08831
- Monroe's Finest Auto Body — 31 bordentown turnpike, monroe township, nj 08831
- Bobby's Heavy Towing L.L.C — 31 Bordentown Turnpike, Monroe Township, NJ 08831
- Tarantino's Auto Body — 134 Helmetta Rd, Monroe Township, NJ 08831
Frequently Asked Questions
What type of property is this?
Auto shop - A fenced parking area accommodates nine vehicles alongside the service workspace.
Where is this auto shop located?
The property is located at 31 Bordentown Tpke Monroe, NJ.
What are key features of this property?
This property features: Three service bays; Nine parking spaces within a fenced area; Office, storage closet, and updated bathroom
