Automotive Facility on 3.04
For Sale
$1,300,000
46 Georgetown Road, Wrightstown, NJ 08562
Operating used car dealership with repair shop and office trailer.
Property Size3,000 SF
Lot Size3.04 Acres
Price / SF$433.33
Days on Market234
Property Features for 46 Georgetown Road
General Information
Standard status
Active
Size
3,000 SF
Lot size
3.04 Acres
Property subtype
Commercial
Taxes and HOA fees
Annual Taxes
$8,091
Amenities
Central air
Concrete Flooring
On Site
Parking Lot
Propane
Window Unit(s) Cooling
Listing Agency:
DAVIS REALTORS
(732) 254-6700
Listed By:
RUBY BHALLA
Source:
Corcoran
Added: Dec 31, 2025
Changed: Aug 21
Last Checked: Aug 22 at 8:07AM
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 DAVIS REALTORS
Investment Insights
Based on property information with market context.
This property features two contiguous lots totaling approximately 3.04 acres, improved with a 2,655 SF repair shop and office trailer. Currently operating as a used car dealership with on-site service capabilities, the property is well-suited for automotive users or investors seeking a functional, income-producing site with existing infrastructure. The improvements include a fully equipped repair facility featuring a spray booth, providing a valuable advantage for automotive repair, body work, or reconditioning operations, subject to continued compliance and necessary approvals. The site offers excellent regional access, with close proximity to major highways including Routes 206, 130, and the New Jersey Turnpike, allowing for efficient vehicle transport and distribution. Located less than 15 minutes from the Bordentown Manheim Auto Auction, the property presents a compelling opportunity for owner-users or investors seeking an automotive facility in a supply-constrained market.
Key Highlights
- Two contiguous lots totaling approximately 3.04 acres.
- 2,655 SF repair shop with spray booth and office trailer.
- Currently operating as a used car dealership with on‑site service capabilities.
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
$44,862
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
3.45%
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%
$897,240
$897.2K
Cap Rate 7%
$640,886
$640.9K
Cap Rate 9%
$498,467
$498.5K
Market Conditions
NOI Build-Up for 3,000 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
$67.3K $22.44/SF
− Vacancy
−$3.2K −$1.08/SF
EGI
$64.1K $21.36/SF
− OpEx
−$19.2K −$6.41/SF
NOI
$44.9K $14.95/SF
Area
Burlington County, NJ
Vacancy
4.80%
Lease Rate
$22.44 /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%
$897,240
Cap Rate 7%
$640,886
Cap Rate 9%
$498,467
Alternative Uses
Best Use
Industrial
$5.17M
$4.52M – $6.03M
NOI $361,703 @ 7.0% cap · market cap 27.82%
Second Best
Retail
$640.9K
$560.8K – $747.7K
NOI $44,862 @ 7.0% cap · market cap 3.45%
Theoretical Best
Warehouse
$6.27M
$5.49M – $7.32M
NOI $439,211 @ 7.0% cap · market cap 33.79%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
139
Businesses Nearby
927
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 100%
Papa John's Pizza
Dining
927 visits/mo
0.4 miles
Demographics for 08562, NJ
5,025
Population
1,768
Households
2.8
Avg Household Size
42
Median Age
30%
College-Educated
89%
High-School Grad
16.7 sq mi
ZIP Area
301
Density / Sq Mi
$89,766
Median Household Income
$45,065
Median Earnings
$1,048
Median Rent
$271,200
Median Home Value
Market
Vacancy Rate% for Retail in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- U-Haul Neighborhood Dealer — 67 Fort Dix St, Wrightstown, NJ 08562
- U-Haul Neighborhood Dealer — 1 A, Railroad Ave, Wrightstown, NJ 08562
Frequently Asked Questions
What type of property is this?
Automotive property - Operating used car dealership with repair shop and office trailer.
Where is this automotive property located?
The property is located at 46 Georgetown Road Wrightstown, NJ.
What is the asking price?
The asking price for this property is $1,300,000.
What are key features of this property?
This property features: Two contiguous lots totaling approximately 3.04 acres.; 2,655 SF repair shop with spray booth and office trailer.; Currently operating as a used car dealership with on‑site service capabilities.
