Building Details

Year Built 1990

Listing Agency: Sabal Real Estate

Listed By: Jenifer Raffa · License #0453407 Show Phone

Source: Cummingsrealtors

Added: Jul 31 Changed: Sep 20 Last Checked: Sep 20 at 8:41AM

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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 Sabal Real Estate

Investment Insights

Based on property information with market context.

This 2,500 SF automotive property includes a vehicle sales lot and four drive-in service bays. The operating auto sales business and the real estate are offered together, with the business having operated for 17 years. Garage equipment and vehicle inventory are available separately.

Located at 346 N Harding Hwy in Buena, New Jersey, the property occupies a major highway setting and is zoned for automotive use. The existing configuration supports continued vehicle sales and service operations, while the source information also identifies potential related applications including auto body work, mechanical repair, detailing, and vehicle storage.

Key Highlights

• 2,500 SF automotive property
• Four drive‑in service bays
• Vehicle sales lot included

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

$24,019

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

5.11%

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%

$480,380 $480.4K

Cap Rate 7%

$343,129 $343.1K

Cap Rate 9%

$266,878 $266.9K

Market Conditions

NOI Build-Up for 2,500 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

$37.5K $15.00/SF

− Vacancy

−$3.2K −$1.28/SF

EGI

$34.3K $13.73/SF

− OpEx

−$10.3K −$4.12/SF

NOI

$24.0K $9.61/SF

Area

Atlantic County, NJ

Vacancy

8.50%

Lease Rate

$15.00 /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%

$480,380

Cap Rate 7%

$343,129

Cap Rate 9%

$266,878

Alternative Uses

Best Use

Industrial

$766.7K

$670.9K – $894.5K (±1% cap)

NOI $53,668 @ 7.0% cap · market cap 11.42%

Second Best

Retail

$343.1K

$300.2K – $400.3K (±1% cap)

NOI $24,019 @ 7.0% cap · market cap 5.11%

Theoretical Best

Warehouse

$931.0K

$814.6K – $1.09M (±1% cap)

NOI $65,169 @ 7.0% cap · market cap 13.87%

Zoning and permitted uses should be independently verified with authorities.

Property Analytics

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Current Use

Auto shops

Suggested Use

Top Pick Real Estate Agency HVAC Service (Bike/Boat/Book/etc) Store Hair Salon Carpet & Flooring Store Storage Facility

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

4

Service bays

Turnkey business

Opportunity

Location Intelligence

Trade Area within ½ mile

115

Businesses Nearby

Balanced

Demand for This Use

Explore this area Business Placement

Demographics for 08310, NJ

1,776

Population

723

Households

2.5

Avg Household Size

47

Median Age

14%

College-Educated

85%

High-School Grad

12.2 sq mi

ZIP Area

146

Density / Sq Mi

$46,188

Median Household Income

$27,193

Median Earnings

$1,075

Median Rent

Market

Vacancy Rate% for Retail in Northeast region

6% 2019

7.1% 2020

6.5% 2021

6% 2022

5.7% 2023

5.6% 2024

6% 2025

Questions? Ask Rey

Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

What type of property is this? Where is this automotive properties located? What is the asking price? Find similar properties What are key features of this property?

Similar Off Market Nearby

• Mac's Motorcycles — 301 S Harding Hwy, Landisville, NJ 08326

Frequently Asked Questions

What type of property is this?

Automotive property - Highway-oriented property combining a vehicle sales lot with an established automotive business and service operation.

Where is this automotive property located?

The property is located at 346 N HARDING HWY Buena, NJ.

What is the asking price?

The asking price for this property is $469,900.

What are key features of this property?

This property features: 2,500 SF automotive property; Four drive‑in service bays; Vehicle sales lot included