Used Car Lot with Garage
For Sale
$685,000
517 Crystal Ave, Vineland, NJ 08360
Well-kept property with zoning for a used car lot and 28 parking spaces, plus office and automotive equipment.
Property Size10,637 SF
Price / SF$64.40
Days on Market77
Property Features for 517 Crystal Ave
General Information
Standard status
Active
Size
10,637 SF
Total Parking Spaces
28
Building Details
Year Built
1957
Listing Agency:
Better Homes and Gardens Real Estate Maturo
Listed By:
Carmen Minguela · License #9805877
(609) 501-2340
Source:
Kandorre
Added: Jun 22
Changed: Aug 26
Last Checked: Sep 6 at 11:08AM
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 Better Homes and Gardens Real Estate Maturo
Investment Insights
Based on property information with market context.
This property is well kept and is zoned as a used car lot. It offers 28 parking spaces and includes a well-kept office upstairs.
The site also comes with automotive support equipment, including a paint booth, lift, tire changer, and frame machine. The space is described as adaptable, with the layout also lending itself to a detail shop use.
Overall, the property combines outdoor vehicle parking with existing automotive machinery and an office, providing an immediately functional base for an automotive-oriented operation.
The site also comes with automotive support equipment, including a paint booth, lift, tire changer, and frame machine. The space is described as adaptable, with the layout also lending itself to a detail shop use.
Overall, the property combines outdoor vehicle parking with existing automotive machinery and an office, providing an immediately functional base for an automotive-oriented operation.
Key Highlights
- Zoned as a used car lot with 28 parking spaces
- Year built 1957
- Includes automotive equipment: paint booth, lift, tire changer, and frame machine
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
$62,188
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
9.08%
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%
$1,243,760
$1.2M
Cap Rate 7%
$888,400
$888.4K
Cap Rate 9%
$690,978
$691.0K
Market Conditions
NOI Build-Up for 10,637 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
$95.7K $9.00/SF
− Vacancy
−$6.9K −$0.65/SF
EGI
$88.8K $8.35/SF
− OpEx
−$26.7K −$2.51/SF
NOI
$62.2K $5.85/SF
Area
Cumberland County, NJ
Vacancy
7.20%
Lease Rate
$9.00 /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%
$1,243,760
Cap Rate 7%
$888,400
Cap Rate 9%
$690,978
Alternative Uses
Best Use
Retail
$1.83M
$1.60M – $2.14M
NOI $128,397 @ 7.0% cap · market cap 18.74%
Second Best
Industrial
$888.4K
$777.4K – $1.04M
NOI $62,188 @ 7.0% cap · market cap 9.08%
Theoretical Best
Office A
$15.97M
$13.98M – $18.63M
NOI $1,118,008 @ 7.0% cap · market cap 163.21%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
901
Businesses Nearby
13k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 61%
Home Improvements & Furnishings 39%
Dollar Tree
Shops & Services
8,188 visits/mo
0.5 miles
Vineland Ace Hardware
Home Improvements & Furnishings
5,215 visits/mo
0.3 miles
Demographics for 08360, NJ
43,043
Population
16,797
Households
2.6
Avg Household Size
38
Median Age
17%
College-Educated
79%
High-School Grad
44.3 sq mi
ZIP Area
972
Density / Sq Mi
$62,604
Median Household Income
$37,236
Median Earnings
$1,164
Median Rent
$199,600
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
- The Autoshop of Vineland — 139 W Landis Ave, Vineland, NJ 08360
- Dougs Automotive Machine Shop — S 2nd St, Vineland, NJ 08360
- NJ Tire & Auto Repair — 308 W Elmer St, Vineland, NJ 08360
- Pep Boys — 323 W Landis Ave, Vineland, NJ 08360
- Hickman Towing And Recovery, llc — 302 W Elmer St, Vineland, NJ 08360
Frequently Asked Questions
What type of property is this?
Auto shop - Well-kept property with zoning for a used car lot and 28 parking spaces, plus office and automotive equipment.
Where is this auto shop located?
The property is located at 517 Crystal Ave Vineland, NJ.
What is the asking price?
The asking price for this property is $685,000.
What are key features of this property?
This property features: Zoned as a used car lot with 28 parking spaces; Year built 1957; Includes automotive equipment: paint booth, lift, tire changer, and frame machine
