Auto Shop with Hydraulic
For Sale
$349,000
510 LANDIS AVENUE, Bridgeton, NJ 08302
Commercial building offers office, storage, parking, and high-capacity electrical service.
Property Size3,600 SF
Price / SF$96.94
Days on Market115
Property Features for 510 LANDIS AVENUE
General Information
Standard status
Active
Size
3,600 SF
Property subtype
Industrial
Taxes and HOA fees
Annual Taxes
$5,420
Amenities
3
Flat
Parking.
Private, Lot.
128 X 231
Other, Asphalt.
Building Details
Year Built
1960
Listing Agency:
Warner Real Estate & Auction Company
(856) 769-4111
Listed By:
Richard Warner · License #120281
(856) 769-4111
Source:
Xome
Added: May 2
Changed: Aug 24
Last Checked: Aug 23 at 8:02AM
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 Warner Real Estate & Auction Company
Investment Insights
Based on property information with market context.
This approximately 3,600-square-foot auto shop includes an office, storage areas, three overhead doors, and multiple hydraulic lifts. The building also has 400 Amp electric service and on-site parking, supporting a range of automotive operations within the existing configuration.
The property is positioned on SR 56/Landis Avenue in Bridgeton, NJ, with close proximity to SR 55. It is available for sale or lease and provides a combination of service-bay functionality, office space, storage, parking, and major electrical capacity.
The property is positioned on SR 56/Landis Avenue in Bridgeton, NJ, with close proximity to SR 55. It is available for sale or lease and provides a combination of service-bay functionality, office space, storage, parking, and major electrical capacity.
Key Highlights
- Approximately 3,600 square feet of building area
- Three overhead doors and multiple hydraulic lifts
- 400 Amp electric service
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
$25,254
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
7.24%
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%
$505,080
$505.1K
Cap Rate 7%
$360,771
$360.8K
Cap Rate 9%
$280,600
$280.6K
Market Conditions
NOI Build-Up for 3,600 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
$32.4K $9.00/SF
− Vacancy
−$2.7K −$0.75/SF
EGI
$29.7K $8.25/SF
− OpEx
−$4.5K −$1.24/SF
NOI
$25.3K $7.02/SF
Area
Cumberland County, NJ
Vacancy
8.30%
Lease Rate
$9.00 /SF/Yr
Expense Ratio
15.00%
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%
$505,080
Cap Rate 7%
$360,771
Cap Rate 9%
$280,600
Alternative Uses
Best Use
Retail
$620.8K
$543.2K – $724.3K
NOI $43,455 @ 7.0% cap · market cap 12.45%
Second Best
Warehouse
$360.8K
$315.7K – $420.9K
NOI $25,254 @ 7.0% cap · market cap 7.24%
Theoretical Best
Office A
$5.41M
$4.73M – $6.31M
NOI $378,380 @ 7.0% cap · market cap 108.42%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
32
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 08302, NJ
47,826
Population
16,038
Households
3
Avg Household Size
36
Median Age
13%
College-Educated
77%
High-School Grad
142.6 sq mi
ZIP Area
335
Density / Sq Mi
$60,301
Median Household Income
$34,137
Median Earnings
$1,351
Median Rent
$202,000
Median Home Value
Market
Vacancy Rate% for Industrial in Northeast region
Questions? Ask Rey
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Similar Off Market Nearby
- Adam's Auto Repair — 503 landis ave, bridgeton, nj 08302
- Dave's Reliable Auto & Fork — 444 Landis Ave, Bridgeton, NJ 08302
- Ny City Tires & Repairs — 510 Landis Ave, Bridgeton, NJ 08302
- Eagle Towing & Recovery — 2820 N Main Rd, Vineland, NJ 08360
- Eagle Automotive Service Center — 510 landis ave, bridgeton, nj 08302
Frequently Asked Questions
What type of property is this?
Auto shop - Commercial building offers office, storage, parking, and high-capacity electrical service.
Where is this auto shop located?
The property is located at 510 LANDIS AVENUE Bridgeton, NJ.
What is the asking price?
The asking price for this property is $349,000.
What are key features of this property?
This property features: Approximately 3,600 square feet of building area; Three overhead doors and multiple hydraulic lifts; 400 Amp electric service
