Automotive Repair Facility in
422 Monroe St Passaic, NJ 07055
For Sale
$1,050,000
Pending
Established auto repair facility with mechanic services and ample parking.
Property Size7,500 SF
Lot Size0.17 Acres
Days on Market296
Property Features for 422 Monroe St
General Information
Standard status
Pending
Size
7,500 SF
Lot size
0.17 Acres
Property subtype
Commercial
Building Details
Year Built
1950
Listing Agency:
UNITED REAL ESTATE
(888) 501-6953
Listed By:
ROBERTO SANCHEZ · License #9333908
Source:
Corcoran
Added: Oct 7, 2025
Changed: Jul 6
Last Checked: Jul 23 at 10:03AM
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 UNITED REAL ESTATE
Investment Insights
Based on property information with market context.
This commercial property in Passaic, NJ, is an automotive repair facility offering mechanic services, auto sales, and a DMV state inspection facility. The business has served the community for over 30 years. The property is suitable for an owner-operator or investor. The facility spans approximately 7,500 square feet and features five service bays/garages, an outdoor heavy-duty lift, newer lifts and equipment, and ample parking and storage for over 25 vehicles. Additional amenities include office spaces, restrooms, and two extra rooms adaptable for storage or private use. The property is conveniently located near public transportation and major highways, offering accessibility and visibility. The property is fully secured with a professional fence.
Key Highlights
- Established automotive repair facility with a 30+ year history.
- Features mechanic services, auto sales, and DMV state inspection facility potential.
- Approximately 7,500 sq ft facility with five service bays/garages and newer lifts and equipment.
Financial Insights For Industrial
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 | $127.8k | $17.04 |
| − Vacancy | −$7.5k | −$1.01 |
| EGI | $120.3k | $16.03 |
| − OpEx | −$36.1k | −$4.81 |
| NOI | $84.2k | $11.22 |
7,500 SF · lease $17.04/SF/yr · vacancy 5.90% · expense 30.00%
Alternative Uses
Best Use
Retail
$1.53M
$1.34M – $1.78M
NOI $107,050 @ 7.0% cap · market cap 10.20%
Second Best
Industrial
$1.20M
$1.05M – $1.40M
NOI $84,182 @ 7.0% cap · market cap 8.02%
Theoretical Best
Office A
$1.96M
$1.71M – $2.28M
NOI $137,088 @ 7.0% cap · market cap 13.06%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Similar Off Market Nearby
- Van Houten Auto Body — 457 Van Houten Ave, Passaic, NJ 07055
- Carlisle Auto Body — 481 Van Houten Ave, Passaic, NJ 07055
- Stadium Auto Body — 442 Van Houten Ave, Passaic, NJ 07055
- Chipilo Corporation — 329 Broadway, Passaic, NJ 07055
- AAMCO Transmissions & Total Car Care — 455 Van Houten Ave, Passaic, NJ 07055
Frequently Asked Questions
What type of property is this?
Auto shop - Established auto repair facility with mechanic services and ample parking.
Where is this auto shop located?
The property is located at 422 Monroe St Passaic, NJ.
What is the asking price?
The asking price for this property is $1,050,000.
What are key features of this property?
This property features: Established automotive repair facility with a 30+ year history.; Features mechanic services, auto sales, and DMV state inspection facility potential.; Approximately 7,500 sq ft facility with **five service bays/garages and newer lifts and equipment**.
