Auto Repair Shop For
345 10th Saddle Brook, NJ 07663
345 10th, Saddle Brook, NJ, 07663
$799,000
For Sale
$799,000
Active auto repair shop with equipment in high-visibility location.
Property Size2,000 SF
Price / SF$399.50
Days on Market738
Property Features for 345 10th
General Information
- Standard status
- Active
- Size
- 2,000 SF
- Property subtype
- Commercial
Listing agency
BERKSHIRE HATHAWAY HOME SERVICES ABBOTT REALTORS
(201) 891-2223
Listed by
ARLENE LEPAGE
Source
Corcoran
Added: Jul 14, 2024 Updated: Jul 6 at 9:52AM Checked: Jul 21 at 6:04AM
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 BERKSHIRE HATHAWAY HOME SERVICES ABBOTT REALTORS
Investment Insights
Based on property information with market context.
This is an active, licensed auto repair shop that has been in operation for the past 30 years. The property features a 2,000 square foot block building with up to 4 bays, a 12' x 12' overhead door, and 14' ceilings to the sheetrock. There is a 10' x 10' office, 2 lavatories, and loft space above for storage. The building is equipped with radiant heat in the floor and a separate waste oil heater. Included with the property are 2 Mohawk lifts, an Ammco 4000 brake lathe, a Coats 700 tire balancer, an Atlas 3030 style tire changer, and Ammco portable wheel alignment equipment, as well as a handy overhead hoist on a beam trolley. A central station alarm system is in place. The property has tremendous potential for other uses. The current owner is open to renting back the property for up to 2 years if the buyer is interested. RAO for waste oil tank removal is forthcoming. The property is located in a high visibility location.
Key Highlights
- Active, licensed auto repair shop operating for 30 years in a high‑visibility location.
- Includes valuable equipment: 2 Mohawk lifts, Ammco 4000 brake lathe, Coats 700 tire balancer, Atlas 3030 style tire changer, Ammco portable wheel alignment equipment, and overhead hoist.
- 2000 sq ft block building with up to 4 bays, 12' x 12' overhead door, and 14' ceilings.
Local Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $43.2k | $21.60 |
| − Vacancy | −$2.4k | −$1.21 |
| EGI | $40.8k | $20.39 |
| − OpEx | −$12.2k | −$6.12 |
| NOI | $28.5k | $14.27 |
2,000 SF · lease $21.60/SF/yr · vacancy 5.60% · expense 30.00%
Alternative Uses
Best Use
Retail
$407.8K
$356.8K – $475.8K
NOI $28,547 @ 7.0% cap · market cap 3.57%
Second Best
Industrial
$320.7K
$280.6K – $374.1K
NOI $22,448 @ 7.0% cap · market cap 2.81%
Theoretical Best
Office A
$522.2K
$457.0K – $609.3K
NOI $36,557 @ 7.0% cap · market cap 4.58%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Auto shops
Similar For Sale Nearby
Similar Off Market Nearby
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- Rob's Automotive — 13 Rennie Pl Unit 3, Lodi, NJ 07644
- speed auto body shop — 13 rennie pl, lodi, nj 07644
- Vito's Auto Repair — 50 Arnot St, Lodi, NJ 07644
FAQs
What type of property is this?
Auto shop - Active auto repair shop with equipment in high-visibility location.
Where is this auto shop located?
The property is located at 345 10th Saddle Brook, NJ.
What is the asking price?
The asking price for this property is $799,000.
What are key features of this property?
This property features: Active, licensed auto repair shop operating for 30 years in a high‑visibility location.; Includes valuable equipment: **2 Mohawk lifts, Ammco 4000 brake lathe, Coats 700 tire balancer, Atlas 3030 style tire changer, Ammco portable wheel alignment equipment, and overhead hoist.**; 2000 sq ft block building with up to 4 bays, 12' x 12' overhead door, and 14' ceilings.
