Operating Car
For Sale
$500,000
316 Helms Avenue, Swedesboro, NJ 08085
Equipment conveys with the property, which is currently open and operating as a car wash.
Property Size1,500 SF
Price / SF$333.33
Days on Market451
Property Features for 316 Helms Avenue
General Information
Standard status
Active
Size
1,500 SF
Property subtype
Mixed Use
Additional Details
Business Included
Yes
Taxes and HOA fees
Annual Taxes
$8,572
Amenities
3
Concrete
MIXED
Parking.
Private, Lot.
0.00 x 0.00
Building Details
Year Built
2003
Abandoned
No
Listing Agency:
(610) 220-9452
Listed By:
Keller Williams Hometown
(610) 220-9452
Source:
Xome
Added: Jun 7, 2025
Changed: Aug 31
Last Checked: Aug 31 at 2:12PM
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 Hometown
Investment Insights
Based on property information with market context.
This operating car wash at 316 Helms Avenue includes the existing equipment and is open for business. The property was built in 2003 and includes private lot parking.
The site is located in Swedesboro, New Jersey, within ZIP code 08085. The property is offered with the car wash business and its equipment, subject to the buyer’s independent review of operations and property details.
The site is located in Swedesboro, New Jersey, within ZIP code 08085. The property is offered with the car wash business and its equipment, subject to the buyer’s independent review of operations and property details.
Key Highlights
- Operating car wash open for business
- Existing car wash equipment included
- Private parking lot on site
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
$19,217
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
3.84%
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%
$384,340
$384.3K
Cap Rate 7%
$274,529
$274.5K
Cap Rate 9%
$213,522
$213.5K
Market Conditions
NOI Build-Up for 1,500 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
$27.0K $18.00/SF
− Vacancy
−$1.4K −$0.92/SF
EGI
$25.6K $17.08/SF
− OpEx
−$6.4K −$4.27/SF
NOI
$19.2K $12.81/SF
Area
Gloucester County, NJ
Vacancy
5.10%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
25.00%
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%
$384,340
Cap Rate 7%
$274,529
Cap Rate 9%
$213,522
Alternative Uses
Best Use
Specialty Retail
$274.5K
$240.2K – $320.3K
NOI $19,217 @ 7.0% cap · market cap 3.84%
Second Best
Retail
$242.6K
$212.3K – $283.0K
NOI $16,980 @ 7.0% cap · market cap 3.40%
Theoretical Best
Office A
$504.2K
$441.2K – $588.3K
NOI $35,295 @ 7.0% cap · market cap 7.06%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
356
Businesses Nearby
787
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 100%
Enterprise Rent-A-Car
Shops & Services
787 visits/mo
0.4 miles
Demographics for 08085, NJ
21,274
Population
7,424
Households
2.9
Avg Household Size
38
Median Age
46%
College-Educated
93%
High-School Grad
44.5 sq mi
ZIP Area
478
Density / Sq Mi
$137,028
Median Household Income
$62,121
Median Earnings
$1,856
Median Rent
$351,000
Median Home Value
Market
Vacancy Rate% for Retail in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Car wash - Equipment conveys with the property, which is currently open and operating as a car wash.
Where is this car wash located?
The property is located at 316 Helms Avenue Swedesboro, NJ.
What is the asking price?
The asking price for this property is $500,000.
What are key features of this property?
This property features: Operating car wash open for business; Existing car wash equipment included; Private parking lot on site
