Auto Repair Facility with Five
For Sale
$1,050,000
422 Monroe St #422, Passaic, NJ 07055
Automotive services, vehicle sales, and state inspections are supported by a multi-bay facility with offices and storage rooms.
Property Size7,500 SF
Price / SF$140
Days on Market382
Property Features for 422 Monroe St #422
General Information
Standard status
Active
Size
7,500 SF
Property subtype
Commercial
Zoning
Compliance
Additional Details
Business Included
Yes
Fenced Yard
Yes
Service Bays
5
Amenities
office spaces
restrooms
two extra rooms adaptable for storage or private use
Building Details
Year Built
1950
Stories
2
Units
1
Listing Agency:
United Real Estate
(888) 501-6953
Listed By:
Roberto Sanchez · License #240679
(973) 216-1945
Source:
Cammarotarealestate
Added: Oct 7, 2025
Changed: Oct 22
Last Checked: Oct 22 at 2:15PM
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
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Investment Insights
Based on property information with market context.
This 7,500-square-foot automotive facility, built in 1950, has five service bays and an outdoor heavy-duty lift. Newer lifts and equipment support mechanic services, auto sales, and a DMV state inspection operation. The property also includes office space, restrooms, and two additional rooms for storage or private use. Parking and storage accommodate more than 25 vehicles, and the site is enclosed by fencing.
Located in Passaic, the property is near public transportation and major highways. The NJ auto dealer license is lapsed and renewable.
Located in Passaic, the property is near public transportation and major highways. The NJ auto dealer license is lapsed and renewable.
Key Highlights
- 7,500‑square‑foot automotive property built in 1950
- Five service bays and an outdoor heavy‑duty lift
- Newer lifts and equipment; mechanic services, auto sales, and DMV state inspections
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$84,182
Cap Rate
8.02%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,683,640
$1.7M
Cap Rate 7%
$1,202,600
$1.2M
Cap Rate 9%
$935,356
$935.4K
Market Conditions
NOI Build-Up for 7,500 SF
Gross rent
$127.8K $17.04/SF
− Vacancy
−$7.5K −$1.01/SF
EGI
$120.3K $16.03/SF
− OpEx
−$36.1K −$4.81/SF
NOI
$84.2K $11.22/SF
Area
Passaic County, NJ
Vacancy
5.90%
Lease Rate
$17.04 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,683,640
Cap Rate 7%
$1,202,600
Cap Rate 9%
$935,356
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.
How Realmo checks its estimates
Property Analytics
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Current Use
Lease Details
5
Service bays
Turnkey business
Opportunity
Yes
Fenced yard
Location Intelligence
Trade Area within ½ mile
3,154
Businesses Nearby
233k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 38%
Shops & Services 34%
Groceries 13%
Apparel 12%
Superfresh
Groceries
30,748 visits/mo
0.4 miles
McDonald's
Dining
26,851 visits/mo
0.2 miles
Popeyes Louisiana Kitchen
Dining
23,822 visits/mo
0.2 miles
Chase Bank
Shops & Services
16,728 visits/mo
0.5 miles
7-Eleven
Shops & Services
15,297 visits/mo
0.3 miles
Demographics for 07055, NJ
70,518
Population
21,019
Households
3.4
Avg Household Size
32
Median Age
17%
College-Educated
67%
High-School Grad
3.1 sq mi
ZIP Area
22,748
Density / Sq Mi
$56,780
Median Household Income
$30,935
Median Earnings
$1,392
Median Rent
$406,500
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in Northeast region
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
- AAMCO Transmissions & Total Car Care — 455 Van Houten Ave, Passaic, NJ 07055
- Chipilo Corporation — 329 Broadway, Passaic, NJ 07055
Frequently Asked Questions
What type of property is this?
Auto shop - Automotive services, vehicle sales, and state inspections are supported by a multi-bay facility with offices and storage rooms.
Where is this auto shop located?
The property is located at 422 Monroe St #422 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: 7,500‑square‑foot automotive property built in 1950; Five service bays and an outdoor heavy‑duty lift; Newer lifts and equipment; mechanic services, auto sales, and DMV state inspections
