Auto Shop Property with Detached
511 S WHITE HORSE PIKE, Hammonton, NJ 08037
For Sale
$725,000
Existing commercial improvements include upgraded building systems, office space, service areas, and a detached garage with electricity.
Property Size2,751 SF
Price / SF$263.54
Days on Market51
Property Features for 511 S WHITE HORSE PIKE
General Information
Standard status
Size
Property subtype
Building Details
Year Built
Listing Agency:
Balsley-Losco Realtors
(609) 646-3207
Listed By:
Patricia Chiu · License #451782
(609) 839-1311
Source:
Cummingsrealtors
Added: Sep 19
Changed: Nov 6
Last Checked: Nov 6 at 9:51AM
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 Balsley-Losco Realtors
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Investment Insights
Based on property information with market context.
This 7.22-acre automotive property includes a 2,751-square-foot main building and a detached garage with electricity. The main building was constructed in 1950 and received upgrades in 2016 to its plumbing, HVAC, roof, siding, soffit, kitchen, and full-sized bathrooms. Interior features include upstairs offices, an additional bathroom, a basement for storage or usable space, and a handicap ramp at the rear. The property was previously used as a used car dealership and includes a cleared parking area for 40 plus cars.
The site has 303 feet of frontage on White Horse Pike and an additional 198 feet of road frontage on Main Road. Public water is available, and a septic system is onsite; its condition is not known. The property is offered strictly in as-is condition, with usage and system information to be verified by the buyer before settlement.
The site has 303 feet of frontage on White Horse Pike and an additional 198 feet of road frontage on Main Road. Public water is available, and a septic system is onsite; its condition is not known. The property is offered strictly in as-is condition, with usage and system information to be verified by the buyer before settlement.
Key Highlights
- 7.22‑acre automotive property with 2,751 SF main building
- 303 feet of frontage on White Horse Pike
- Additional 198 feet of road frontage on Main Road
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$59,057
Cap Rate
8.15%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,181,140
$1.2M
Cap Rate 7%
$843,671
$843.7K
Cap Rate 9%
$656,189
$656.2K
Market Conditions
NOI Build-Up for 2,751 SF
Gross rent
$92.1K $33.48/SF
− Vacancy
−$7.7K −$2.81/SF
EGI
$84.4K $30.67/SF
− OpEx
−$25.3K −$9.20/SF
NOI
$59.1K $21.47/SF
Area
Atlantic County, NJ
Vacancy
8.40%
Lease Rate
$33.48 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,181,140
Cap Rate 7%
$843,671
Cap Rate 9%
$656,189
Alternative Uses
Best Use
Industrial
$843.7K
$738.2K – $984.3K
NOI $59,057 @ 7.0% cap · market cap 8.15%
Second Best
Retail
$377.6K
$330.4K – $440.5K
NOI $26,430 @ 7.0% cap · market cap 3.65%
Theoretical Best
Warehouse
$1.02M
$896.4K – $1.20M
NOI $71,712 @ 7.0% cap · market cap 9.89%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
18
Businesses Nearby
Balanced
Demand for This Use
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Business Placement
Demographics for 08037, NJ
23,814
Population
9,682
Households
2.5
Avg Household Size
44
Median Age
29%
College-Educated
90%
High-School Grad
122.5 sq mi
ZIP Area
194
Density / Sq Mi
$83,762
Median Household Income
$40,668
Median Earnings
$1,297
Median Rent
$307,700
Median Home Value
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Market
Properties on Market for Auto shops in Atlantic County
Vacancy Rate% for Retail in Northeast region
Frequently Asked Questions
What type of property is this?
Auto shop - Existing commercial improvements include upgraded building systems, office space, service areas, and a detached garage with electricity.
Where is this auto shop located?
The property is located at 511 S WHITE HORSE PIKE Hammonton, NJ.
What is the asking price?
The asking price for this property is $725,000.
What are key features of this property?
This property features: 7.22‑acre automotive property with 2,751 SF main building; 303 feet of frontage on White Horse Pike; Additional 198 feet of road frontage on Main Road
