Auto Shop on Corner
For Sale
$1,695,000
369 New Brunswick Avenue, Fords, NJ 08863
COMMERCIAL - Fords, NJ
Property Size4,064 SF
Lot Size0.46 Acres
Price / SF$417.08
Days on Market146
Property Features for 369 New Brunswick Avenue
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
B-2
Parking
12
Interior features
Appliances
Appliances
Appliances
Lot features
Business District, Commercial Area, Corner Lot
Directions
Amboy Ave to New Brunswick
Standard status
Active
APN
25000540200003
Size
4,064 SF
Lot size
0.46 Acres
Taxes and HOA fees
Tax Year
2024
Tax Annual Amount
20279
Utilities
Sewer type
Public Sewer
Heating system
Electric (Heating), Hot Water(Heating), Baseboard
Water source
Public
Building Details
Year built
1915
Floors in Building
2
Flooring type
Tile, Concrete, Carpet
Building materials
Brick, Stucco, Vinyl Siding
Roof type
Asphalt
Listing Agency:
KELLER WILLIAMS CORNERSTONE
(908) 359-0893
Listed By:
Kim Marks
(908) 359-0893
Added: Mar 24
Changed: Aug 4
Last Checked: Aug 16 at 9:06PM
MLS# 2612694R
Copyright © 2026 All Jersey MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
Auto shop property located on a corner lot at 369 New Brunswick Avenue in Fords, NJ. The building is approximately 4,064 SF and sits on a 0.46-acre site. Construction materials include brick, stucco, and vinyl siding, with an asphalt roof. Interior features include appliances, and flooring consists of carpet, tile, and concrete. Heating is provided via hot water, baseboard, and electric systems. The property is served by public water and public sewer.
The property benefits from visibility and accessibility along New Brunswick Avenue and is positioned in an active commercial corridor. The zoning is B-2.
Built in 1915, the site is well suited for automotive service, contractor use, or other compatible commercial ventures that can take advantage of the corner-lot positioning and onsite parking capacity described in the remarks.
The property benefits from visibility and accessibility along New Brunswick Avenue and is positioned in an active commercial corridor. The zoning is B-2.
Built in 1915, the site is well suited for automotive service, contractor use, or other compatible commercial ventures that can take advantage of the corner-lot positioning and onsite parking capacity described in the remarks.
Key Highlights
- Auto shop property on a highly visible corner lot at 369 New Brunswick Avenue, Fords, NJ 08863
- Zoned B‑2
- 0.46‑acre site with approximately 4,064 SF building
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
$58,007
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
3.42%
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%
$1,160,140
$1.2M
Cap Rate 7%
$828,671
$828.7K
Cap Rate 9%
$644,522
$644.5K
Market Conditions
NOI Build-Up for 4,064 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
$87.8K $21.60/SF
− Vacancy
−$4.9K −$1.21/SF
EGI
$82.9K $20.39/SF
− OpEx
−$24.9K −$6.12/SF
NOI
$58.0K $14.27/SF
Area
Middlesex 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%
$1,160,140
Cap Rate 7%
$828,671
Cap Rate 9%
$644,522
Alternative Uses
Best Use
Retail
$828.7K
$725.1K – $966.8K
NOI $58,007 @ 7.0% cap · market cap 3.42%
Second Best
Industrial
$651.6K
$570.2K – $760.3K
NOI $45,615 @ 7.0% cap · market cap 2.69%
Theoretical Best
Office A
$1.06M
$928.5K – $1.24M
NOI $74,283 @ 7.0% cap · market cap 4.38%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
764
Businesses Nearby
35k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 73%
Dining 27%
Dunkin' Donuts
Dining
9,546 visits/mo
0.3 miles
QuickChek
Shops & Services
8,406 visits/mo
0.1 miles
7-Eleven
Shops & Services
7,366 visits/mo
0.3 miles
PNC Bank
Shops & Services
6,385 visits/mo
0.3 miles
Phillips 66
Shops & Services
2,751 visits/mo
0.4 miles
Demographics for 08863, NJ
12,939
Population
4,770
Households
2.7
Avg Household Size
40
Median Age
39%
College-Educated
91%
High-School Grad
1.7 sq mi
ZIP Area
7,611
Density / Sq Mi
$116,250
Median Household Income
$61,018
Median Earnings
$1,976
Median Rent
$414,100
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?
Auto shop - B-2 zoned auto shop on a highly visible corner lot with public water and sewer service.
Where is this auto shop located?
The property is located at 369 New Brunswick Avenue Fords, NJ.
What is the asking price?
The asking price for this property is $1,695,000.
What are key features of this property?
This property features: Auto shop property on a highly visible corner lot at 369 New Brunswick Avenue, Fords, NJ 08863; Zoned B‑2; 0.46‑acre site with approximately 4,064 SF building
