Corner Automotive Service
For Sale
$1,695,000
369 New Brunswick Avenue Unit 1, Fords, NJ 08863
Long-established corner commercial property along New Brunswick Avenue with open space and parking capacity.
Property Size4,064 SF
Price / SF$417.08
Days on Market206
Property Features for 369 New Brunswick Avenue Unit 1
General Information
Standard status
Active
Size
4,064 SF
Property subtype
Commercial
Building Details
Year Built
1915
Listing Agency:
KELLER WILLIAMS CORNERSTONE
(908) 359-0893
Listed By:
KIM MARKS
(833) 740-1234
Source:
Actionplusrealty
Added: Jan 29
Changed: Aug 23
Last Checked: Aug 22 at 5:17PM
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 CORNERSTONE
Investment Insights
Based on property information with market context.
This long-established, family-owned commercial property has been operated since the early 1950s and is positioned on a highly visible corner lot. The offering includes valuable open space and parking capacity, supporting operational flexibility for a range of commercial uses.
Located along New Brunswick Avenue in Fords, New Jersey, the site is described as having excellent exposure and accessibility. The property is reported to be approximately 3.9 miles from the Outerbridge Crossing, providing convenient access toward Staten Island and the greater New York City area.
Designed to serve as a stable business location, the property is presented as a strong fit for automotive service, contractor use, or other commercial ventures that benefit from frontage visibility, open site area, and parking.
Located along New Brunswick Avenue in Fords, New Jersey, the site is described as having excellent exposure and accessibility. The property is reported to be approximately 3.9 miles from the Outerbridge Crossing, providing convenient access toward Staten Island and the greater New York City area.
Designed to serve as a stable business location, the property is presented as a strong fit for automotive service, contractor use, or other commercial ventures that benefit from frontage visibility, open site area, and parking.
Key Highlights
- Long‑established commercial corner property on New Brunswick Avenue with open space and parking capacity
- Built in 1915
- Family owned and operated since the early 1950s
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
Current Use
Location Intelligence
Trade Area within ½ mile
685
Businesses Nearby
39k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 53%
Shops & Services 47%
Burger King
Dining
20,811 visits/mo
0.5 miles
QuickChek
Shops & Services
8,406 visits/mo
0.4 miles
PNC Bank
Shops & Services
6,385 visits/mo
0.0 miles
Phillips 66
Shops & Services
2,751 visits/mo
0.1 miles
Mavis Discount Tire
Shops & Services
826 visits/mo
0.0 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 - Long-established corner commercial property along New Brunswick Avenue with open space and parking capacity.
Where is this auto shop located?
The property is located at 369 New Brunswick Avenue Unit 1 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: Long‑established commercial corner property on New Brunswick Avenue with open space and parking capacity; Built in 1915; Family owned and operated since the early 1950s
