Millville Commercial Opportunity For
427 Buck Street Millville, NJ 08332
For Sale
Contact for pricing
Commercial building with overhead door, suitable for auto business.
Property Size2,000 SF
Price / SF$125
Days on Market162
Property Features for 427 Buck Street
General Information
- Standard status
- Active
- Size
- 2,000 SF
- Property subtype
- Retail
Building Details
- Year Built
- 1964
Listing Agency:
Coldwell Banker Argus Real Estate
Listed By:
Matt Bonomini · License #NJ 2321153
Source:
Crexi
Added: Feb 11
Changed: Jul 6
Last Checked: Jul 23 at 11:53AM
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 Coldwell Banker Argus Real Estate
Investment Insights
Based on property information with market context.
This commercial property, approximately 2000 square feet, is located in Millville, New Jersey. It features an overhead door, making it suitable for an auto business, supply house, workshop, or storage. The property also includes space for an office or retail area facing the street. An additional lot is located at 9 E Oak Street, behind the main property, offering opportunities for outside use. Since 2023, the building has undergone renovations, including a new roof, renovated interior, a new garage door opener, windows, and doors. The property at 501 Buck Street, across the street, is also available for sale and has been renovated. The properties can be purchased together or separately. The location is within the Urban Enterprise Zone.
Key Highlights
- Prime commercial location in the heart of Millville, NJ.
- Approximately 2000SF building suitable for various businesses.
- Includes an overhead door for easy access and functionality.
Financial Insights For Warehouse
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 | $18.0k | $9.00 |
| − Vacancy | −$1.5k | −$0.75 |
| EGI | $16.5k | $8.25 |
| − OpEx | −$2.5k | −$1.24 |
| NOI | $14.0k | $7.02 |
2,000 SF · lease $9.00/SF/yr · vacancy 8.30% · expense 15.00%
Alternative Uses
Best Use
Retail
$344.9K
$301.8K – $402.4K
NOI $24,142 @ 7.0% cap · market cap 9.66%
Second Best
Warehouse
$200.4K
$175.4K – $233.8K
NOI $14,030 @ 7.0% cap · market cap 5.61%
Theoretical Best
Office A
$3.00M
$2.63M – $3.50M
NOI $210,211 @ 7.0% cap · market cap 84.08%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Khom's Eggroll Paradise
Restaurant
Similar Off Market Nearby
- BIG BOY TRAILERS — 623 E Main St, Millville, NJ 08332
- Tomlin Brothers Autobody — 2 E Oak St, Millville, NJ 08332
- Wayne's Garage — 210 n 9th st, millville, nj 08332
- BLC Automotive Services Center — 715 E Main St, Millville, NJ 08332
- Magnetic Auto Shop — 117 s 6th st, millville, nj 08332
FAQs
What type of property is this?
Auto shop - Commercial building with overhead door, suitable for auto business.
Where is this auto shop located?
The property is located at 427 Buck Street Millville, NJ.
What is the asking price?
The asking price for this property is $250,000.
What are key features of this property?
This property features: Prime commercial location in the heart of Millville, NJ.; Approximately 2000SF building suitable for various businesses.; Includes an overhead door for easy access and functionality.
