Gas Station with Two-Bay
New
For Sale
$849,900
668 New Road, Somers Point, NJ 08244
COMMERCIAL/INDUSTRIAL, Somers Point, NJ
Property Size1,564 SF
Lot Size0.43 Acres
Price / SF$543.41
Days on Market2
Property Features for 668 New Road
General Information
Property type
Commercial Sale
Property subtype
Other
Directions
GSP Exit 30 on to Laurel Dr, Left on Route 9 (New Road), property on the corner of New York Ave.
Subdivision
Somers Point City
Standard status
Active
Lot size
0.43 Acres
Additional Details
Real Estate Included
Yes
Automotive Uses
auto repair, fuel station
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
20471
Building Details
Year built
1965
Buildings
1
Listing Agency:
BHHS FOX and ROACH-Northfield
(609) 646-1900
Listed By:
RAJAN (RAJ) KHULLAR
(609) 816-7644
Added: Oct 27
Last Checked: Oct 28 at 12:06AM
MLS# 613253
Copyright © 2026 South Jersey Shore Regional MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
Built in 1965, the property contains a gas station and a two-bay service garage within 1,564 square feet of single-level space. The site covers 0.43 acres and has 15 surface parking spaces.
Positioned on Route 9 in Somers Point, the property is zoned HC-1. The sale is offered as-is; the buyer is responsible for obtaining any certificates required for occupancy.
Positioned on Route 9 in Somers Point, the property is zoned HC-1. The sale is offered as-is; the buyer is responsible for obtaining any certificates required for occupancy.
Key Highlights
- Gas station with a two‑bay service garage
- 1,564 SF of single‑level building area
- 0.43‑acre property with 15 surface parking spaces
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$33,575
Cap Rate
3.95%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$671,500
$671.5K
Cap Rate 7%
$479,643
$479.6K
Cap Rate 9%
$373,056
$373.1K
Market Conditions
NOI Build-Up for 1,564 SF
Gross rent
$52.4K $33.48/SF
− Vacancy
−$4.4K −$2.81/SF
EGI
$48.0K $30.67/SF
− OpEx
−$14.4K −$9.20/SF
NOI
$33.6K $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%
$671,500
Cap Rate 7%
$479,643
Cap Rate 9%
$373,056
Alternative Uses
Best Use
Industrial
$479.6K
$419.7K – $559.6K
NOI $33,575 @ 7.0% cap · market cap 3.95%
Second Best
Specialty Retail
$345.7K
$302.5K – $403.3K
NOI $24,197 @ 7.0% cap · market cap 2.85%
Theoretical Best
Warehouse
$582.4K
$509.6K – $679.5K
NOI $40,770 @ 7.0% cap · market cap 4.80%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
2
Service bays
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,043
Businesses Nearby
Explore this area
Business Placement
Demographics for 08244, NJ
10,535
Population
5,898
Households
1.8
Avg Household Size
47
Median Age
30%
College-Educated
89%
High-School Grad
4.9 sq mi
ZIP Area
2,150
Density / Sq Mi
$67,500
Median Household Income
$38,709
Median Earnings
$1,266
Median Rent
$278,500
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in Northeast region
Frequently Asked Questions
What type of property is this?
Gas station - The vacant property combines fuel service with a two-bay automotive repair garage.
Where is this gas station located?
The property is located at 668 New Road Somers Point, NJ.
What is the asking price?
The asking price for this property is $849,900.
What are key features of this property?
This property features: Gas station with a two‑bay service garage; 1,564 SF of single‑level building area; 0.43‑acre property with 15 surface parking spaces
