Gas Station with Car
For Sale
$1,600,000
633 Water St, Belvidere, NJ 07823
Automotive property combining fuel sales, automated washing, repair services, and a fenced impound area.
Property Size4,600 SF
Days on Market50
Property Features for 633 Water St
General Information
Standard status
Active
Size
4,600 SF
Property subtype
Commercial
Site & Location
Fenced Yard
Yes
Outdoor Storage
Yes
Automotive
Service Bays
6
Fuel Pumps
6
Taxes and HOA fees
Annual Taxes
$22,200
Building Details
Building Size
4,600 SF
Year Built
1900
Stories
1
Units
3
Listing Agency:
KELLER WILLIAMS REAL ESTATE
Listed By:
JASON FREEBY
(908) 751-7750
Source:
Elliman
Added: Sep 18
Changed: Nov 4
Last Checked: Nov 4 at 1:21PM
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 KELLER WILLIAMS REAL ESTATE
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Investment Insights
Based on property information with market context.
This automotive property at 633 Water St in Belvidere combines several operating components on one site. The improvements include a fuel station with six gasoline pumps and diesel service, a fully automated car wash, and a full-service repair facility with six service bays. The repair operation also includes state inspection capability and alignment equipment.
A paved, fenced impound lot adds another defined site component. The property has operated as an automotive commercial location for decades and was built in 1900. Its established configuration brings fueling, vehicle washing, repair, inspection, and impound functions together at a single Belvidere location.
A paved, fenced impound lot adds another defined site component. The property has operated as an automotive commercial location for decades and was built in 1900. Its established configuration brings fueling, vehicle washing, repair, inspection, and impound functions together at a single Belvidere location.
Key Highlights
- Six gasoline pumps plus diesel service
- Fully automated car wash
- Full‑service repair facility with six service bays
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$100,044
Cap Rate
6.25%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,000,880
$2.0M
Cap Rate 7%
$1,429,200
$1.4M
Cap Rate 9%
$1,111,600
$1.1M
Market Conditions
NOI Build-Up for 4,600 SF
Gross rent
$154.0K $33.48/SF
− Vacancy
−$11.1K −$2.41/SF
EGI
$142.9K $31.07/SF
− OpEx
−$42.9K −$9.32/SF
NOI
$100.0K $21.75/SF
Area
Warren County, NJ
Vacancy
7.20%
Lease Rate
$33.48 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,000,880
Cap Rate 7%
$1,429,200
Cap Rate 9%
$1,111,600
Alternative Uses
Best Use
Industrial
$1.43M
$1.25M – $1.67M
NOI $100,044 @ 7.0% cap · market cap 6.25%
Second Best
Specialty Retail
$849.9K
$743.7K – $991.5K
NOI $59,492 @ 7.0% cap · market cap 3.72%
Theoretical Best
Warehouse
$1.74M
$1.52M – $2.02M
NOI $121,482 @ 7.0% cap · market cap 7.59%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Lease Details
6
Service bays
Yes
Fenced yard
Location Intelligence
Trade Area within ½ mile
365
Businesses Nearby
7k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 100%
Shell
Shops & Services
3,545 visits/mo
0.1 miles
PNC Bank
Shops & Services
3,120 visits/mo
0.3 miles
Napa Auto Parts
Shops & Services
640 visits/mo
0.1 miles
Demographics for 07823, NJ
7,102
Population
3,643
Households
1.9
Avg Household Size
53
Median Age
24%
College-Educated
94%
High-School Grad
25.1 sq mi
ZIP Area
283
Density / Sq Mi
$84,381
Median Household Income
$42,805
Median Earnings
$948
Median Rent
$314,600
Median Home Value
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View Realmo Analytics
Market
Vacancy Rate% for Retail in Northeast region
Frequently Asked Questions
What type of property is this?
Gas station - Automotive property combining fuel sales, automated washing, repair services, and a fenced impound area.
Where is this gas station located?
The property is located at 633 Water St Belvidere, NJ.
What is the asking price?
The asking price for this property is $1,600,000.
What are key features of this property?
This property features: Six gasoline pumps plus diesel service; Fully automated car wash; Full‑service repair facility with six service bays
