Auto Shop with Five
For Sale
Contact for pricing
328 1/2 E Main St, Tuckerton, NJ 08087
B2-zoned automotive property with office, customer reception, service areas, lifts, and multiple overhead doors.
Property Size4,410 SF
Price / SF$170.05
Days on Market117
Property Features for 328 1/2 E Main St
General Information
Standard status
Active
Size
4,410 SF
Property subtype
Retail
Zoning
B2
Additional Details
Service Bays
5
Amenities
office area
waiting area
reception area
garage areas
overhead doors
Listing Agency:
Bonanni Realtors
(609) 586-4300
Listed By:
Jamie Walter · License #NJ 9909570
Source:
Crexi
Added: May 7
Changed: Aug 30
Last Checked: Aug 31 at 5:58AM
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 Bonanni Realtors
Investment Insights
Based on property information with market context.
This automotive property combines customer-facing office space with waiting and reception areas, service bays, and garage areas. The main section measures 30 x 60, includes tire machines and three overhead doors, and has a recently installed roof. A separate rear garage measures 26 x 24 and adds two overhead doors. Five lifts and five bays are currently in place; relocating the lifts could provide six bays.
The property is located at 328 1/2 E Main St in Tuckerton, New Jersey, and carries B2 zoning. Total property size is 4,410 SF, with the configuration supporting automotive service and related shop operations.
The property is located at 328 1/2 E Main St in Tuckerton, New Jersey, and carries B2 zoning. Total property size is 4,410 SF, with the configuration supporting automotive service and related shop operations.
Key Highlights
- 4,410 SF automotive property at 328 1/2 E Main St, Tuckerton, NJ 08087
- B2 zoning for an automotive‑oriented commercial property
- Main building area measures 30 x 60 with office, waiting, reception, and garage areas
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
$62,945
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
8.39%
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%
$1,258,900
$1.3M
Cap Rate 7%
$899,214
$899.2K
Cap Rate 9%
$699,389
$699.4K
Market Conditions
NOI Build-Up for 4,410 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
$95.3K $21.60/SF
− Vacancy
−$5.3K −$1.21/SF
EGI
$89.9K $20.39/SF
− OpEx
−$27.0K −$6.12/SF
NOI
$62.9K $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 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%
$1,258,900
Cap Rate 7%
$899,214
Cap Rate 9%
$699,389
Alternative Uses
Best Use
Retail
$899.2K
$786.8K – $1.05M
NOI $62,945 @ 7.0% cap · market cap 8.39%
Second Best
Industrial
$707.1K
$618.7K – $825.0K
NOI $49,499 @ 7.0% cap · market cap 6.60%
Theoretical Best
Office A
$1.15M
$1.01M – $1.34M
NOI $80,608 @ 7.0% cap · market cap 10.75%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
5
Service bays
Location Intelligence
Trade Area within ½ mile
313
Businesses Nearby
14k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 70%
Shops & Services 30%
Dunkin' Donuts
Dining
9,682 visits/mo
0.4 miles
Wells Fargo
Shops & Services
4,098 visits/mo
0.4 miles
Demographics for 08087, NJ
25,191
Population
12,982
Households
1.9
Avg Household Size
49
Median Age
28%
College-Educated
94%
High-School Grad
70.1 sq mi
ZIP Area
359
Density / Sq Mi
$87,449
Median Household Income
$47,779
Median Earnings
$1,760
Median Rent
$323,500
Median Home Value
Market
Vacancy Rate% for Retail in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
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Frequently Asked Questions
What type of property is this?
Auto shop - B2-zoned automotive property with office, customer reception, service areas, lifts, and multiple overhead doors.
Where is this auto shop located?
The property is located at 328 1/2 E Main St Tuckerton, NJ.
What is the asking price?
The asking price for this property is $749,900.
What are key features of this property?
This property features: 4,410 SF automotive property at 328 1/2 E Main St, Tuckerton, NJ 08087; B2 zoning for an automotive‑oriented commercial property; Main building area measures 30 x 60 with office, waiting, reception, and garage areas
