Automotive Garage with Four
For Sale
$499,000
Pending
510 S Warwick Rd, Somerdale, NJ 08083
Garage facility offers four bays with lifts, plus an office and powder room.
Property Size2,750 SF
Days on Market452
Property Features for 510 S Warwick Rd
General Information
Standard status
Pending
Size
2,750 SF
Additional Details
Business Included
Yes
Service Bays
4
Taxes and HOA fees
Annual Taxes
$14,022
Listing Agency:
BHHS Fox & Roach-Marlton
(856) 810-5300
Listed By:
Sidney Benstead · License #8032152
(856) 810-5710
Source:
Exprealty
Added: Jun 10, 2025
Changed: Sep 2
Last Checked: Sep 4 at 1:37PM
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 BHHS Fox & Roach-Marlton
Investment Insights
Based on property information with market context.
This for-sale automotive garage includes approximately 2,750 sq. ft. with four bays, four lifts, and a compressor. The property also has an office and a powder room.
Storage capacity is supported by a trailer and two box trucks included with the facility.
The layout is designed for service operations with multi-bay garage functionality and the included on-site equipment.
Storage capacity is supported by a trailer and two box trucks included with the facility.
The layout is designed for service operations with multi-bay garage functionality and the included on-site equipment.
Key Highlights
- Approximately 2,750 sq. ft. garage facility
- 4‑bay garage setup with 4 lifts
- Includes compressor
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
$26,796
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
5.37%
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%
$535,920
$535.9K
Cap Rate 7%
$382,800
$382.8K
Cap Rate 9%
$297,733
$297.7K
Market Conditions
NOI Build-Up for 2,750 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
$41.3K $15.00/SF
− Vacancy
−$3.0K −$1.08/SF
EGI
$38.3K $13.92/SF
− OpEx
−$11.5K −$4.18/SF
NOI
$26.8K $9.74/SF
Area
Camden County, NJ
Vacancy
7.20%
Lease Rate
$15.00 /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%
$535,920
Cap Rate 7%
$382,800
Cap Rate 9%
$297,733
Alternative Uses
Best Use
Industrial
$382.8K
$335.0K – $446.6K
NOI $26,796 @ 7.0% cap · market cap 5.37%
Second Best
Retail
$378.3K
$331.0K – $441.3K
NOI $26,478 @ 7.0% cap · market cap 5.31%
Theoretical Best
Office A
$697.3K
$610.1K – $813.5K
NOI $48,809 @ 7.0% cap · market cap 9.78%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
4
Service bays
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
414
Businesses Nearby
31k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Groceries 74%
Shops & Services 26%
Aldi
Groceries
22,805 visits/mo
0.5 miles
Family Dollar
Shops & Services
7,814 visits/mo
0.4 miles
Demographics for 08083, NJ
9,888
Population
3,973
Households
2.5
Avg Household Size
41
Median Age
28%
College-Educated
94%
High-School Grad
2.5 sq mi
ZIP Area
3,955
Density / Sq Mi
$87,703
Median Household Income
$47,138
Median Earnings
$1,236
Median Rent
$254,400
Median Home Value
Market
Vacancy Rate% for Retail in Northeast region
Questions? Ask Rey
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Similar Off Market Nearby
- Bob Reed's Auto Care — 101 warwick rd, stratford, nj 08084
- GT AUTO SOLUTION LLC — 701 S Warwick Rd, Somerdale, NJ 08083
- Jireh Tire Shop — 510 S Warwick Rd, Hi-Nella, NJ 08083
- S&F One Stop Shop — 510 S Warwick Rd, Hi-Nella, NJ 08083
- Somerdale Automotive Repair — 412 S Warwick Rd, Somerdale, NJ 08083
Frequently Asked Questions
What type of property is this?
Auto shop - Garage facility offers four bays with lifts, plus an office and powder room.
Where is this auto shop located?
The property is located at 510 S Warwick Rd Somerdale, NJ.
What is the asking price?
The asking price for this property is $499,000.
What are key features of this property?
This property features: Approximately 2,750 sq. ft. garage facility; 4‑bay garage setup with 4 lifts; Includes compressor
