Two-Unit Auto Shop
New
For Sale
$595,000
39 S Broadway, Gloucester City, NJ 08030
Corner property combines an operating repair shop with a separate two-story office building and individual utilities.
Property Size2,500 SF
Price / SF$238
Days on Market2
Property Features for 39 S Broadway
General Information
Standard status
Active
Size
2,500 SF
Site & Location
Road Access
Yes
Utilities to Site
Yes
Additional Details
Office Units
1
Building Details
Year Built
1957
Stories
2
Tenancy
Multi
Listing Agency:
Century 21 Rauh & Johns
(856) 905-7458
Listed By:
Peter C Sideris · License #0560849
Source:
Kandorre
Added: Aug 10
Changed: Aug 11
Last Checked: Aug 11 at 6:13AM
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 Century 21 Rauh & Johns
Investment Insights
Based on property information with market context.
This 2,500-square-foot corner property includes two distinct units: an auto repair shop and a separate two-story office building. The office component has its own utilities, allowing the uses to function independently. Built in 1957, the property is described as well maintained and can accommodate owner occupancy or leasing.
Several existing driveways provide ingress and egress from the site. The property is located in Gloucester City near bridges and major roadways, with access suitable for automotive operations and office use. Showings are available during regular business hours Monday through Friday.
Several existing driveways provide ingress and egress from the site. The property is located in Gloucester City near bridges and major roadways, with access suitable for automotive operations and office use. Showings are available during regular business hours Monday through Friday.
Key Highlights
- 2,500‑square‑foot two‑unit property
- Operating auto repair shop with separate two‑story office
- Office unit has separate utilities
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
$35,081
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
5.90%
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%
$701,620
$701.6K
Cap Rate 7%
$501,157
$501.2K
Cap Rate 9%
$389,789
$389.8K
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
$54.9K $21.96/SF
− Vacancy
−$8.1K −$3.25/SF
EGI
$46.8K $18.71/SF
− OpEx
−$11.7K −$4.68/SF
NOI
$35.1K $14.03/SF
Area
Camden County, NJ
Vacancy
14.80%
Lease Rate
$21.96 /SF/Yr
Expense Ratio
25.00%
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%
$701,620
Cap Rate 7%
$501,157
Cap Rate 9%
$389,789
Alternative Uses
Best Use
Office B
$501.2K
$438.5K – $584.7K
NOI $35,081 @ 7.0% cap · market cap 5.90%
Second Best
Mixed Use
$373.7K
$327.0K – $435.9K
NOI $26,156 @ 7.0% cap · market cap 4.40%
Theoretical Best
Office A
$633.9K
$554.7K – $739.5K
NOI $44,372 @ 7.0% cap · market cap 7.46%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
1
Office units
Multi-tenant
Tenancy
Yes
Paved road access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
568
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 08030, NJ
13,261
Population
5,470
Households
2.4
Avg Household Size
37
Median Age
20%
College-Educated
87%
High-School Grad
2.8 sq mi
ZIP Area
4,736
Density / Sq Mi
$66,190
Median Household Income
$38,853
Median Earnings
$1,498
Median Rent
$169,700
Median Home Value
Market
Vacancy Rate% for Office in Northeast region
Questions? Ask Rey
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Similar Off Market Nearby
- Matt's Automotive Services — 511 Brick St, Gloucester City, NJ 08030
- Jack's Auto Repair — 810 Jersey Ave, Gloucester City, NJ 08030
- H&R Towing Service Gloucester — 452 s broadway, gloucester city, nj 08030
- Gloucester Transmission and Auto Repair Svc — 733 Market St, Gloucester City, NJ 08030
- Top Notch Mobile Mechanic — 330 S Broadway, Gloucester City, NJ 08030
Frequently Asked Questions
What type of property is this?
Auto shop - Corner property combines an operating repair shop with a separate two-story office building and individual utilities.
Where is this auto shop located?
The property is located at 39 S Broadway Gloucester City, NJ.
What is the asking price?
The asking price for this property is $595,000.
What are key features of this property?
This property features: 2,500‑square‑foot two‑unit property; Operating auto repair shop with separate two‑story office; Office unit has separate utilities
