Auto Body
72 Prince St, Elizabeth, NJ 07208
For Sale
Contact for pricing
Commercial facility with dedicated work areas, offices, storage, and vehicle access for collision-related operations.
Property Size7,000 SF
Price / SF$1.71
Days on Market53
Property Features for 72 Prince St
General Information
Standard status
Size
Property subtype
Taxes and HOA fees
Annual Taxes
Amenities
office/waiting area
storage
Building Details
Building Size
Year Built
Buildings
Stories
Units
Listing Agency:
RE/MAX LIFETIME REALTORS
Listed By:
MONICA I. HENRIQUES · License NJ #2563379
(973) 757-8566
Source:
Elliman
Added: Sep 18
Changed: Oct 30
Last Checked: Nov 8 at 6:50AM
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 RE/MAX LIFETIME REALTORS
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Investment Insights
Based on property information with market context.
This approximately 7,000-square-foot commercial facility is configured for auto body and collision work. The interior includes substantial work space along with office and waiting areas, storage, and access that accommodates vehicles moving through the property. Built in 1999, the building offers a practical layout for automotive operations requiring a combination of production, customer-facing, and support areas.
The property is located at 72 Prince St in Elizabeth, New Jersey. Walk Score is 86, Bike Score is 61, and Transit Score is 53, providing established access by walking, bicycle, and public transportation. The combination of automotive-oriented layout and multiple functional areas supports continued use as an auto shop or collision facility.
The property is located at 72 Prince St in Elizabeth, New Jersey. Walk Score is 86, Bike Score is 61, and Transit Score is 53, providing established access by walking, bicycle, and public transportation. The combination of automotive-oriented layout and multiple functional areas supports continued use as an auto shop or collision facility.
Key Highlights
- Approximately 7,000 SF commercial facility
- Configured for auto body and collision operations
- Work areas plus office and waiting space
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$78,653
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,573,060
$1.6M
Cap Rate 7%
$1,123,614
$1.1M
Cap Rate 9%
$873,922
$873.9K
Market Conditions
NOI Build-Up for 7,000 SF
Gross rent
$119.3K $17.04/SF
− Vacancy
−$6.9K −$0.99/SF
EGI
$112.4K $16.05/SF
− OpEx
−$33.7K −$4.82/SF
NOI
$78.7K $11.24/SF
Area
Elizabeth, NJ
Vacancy
5.80%
Lease Rate
$17.04 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,573,060
Cap Rate 7%
$1,123,614
Cap Rate 9%
$873,922
Alternative Uses
Best Use
Retail
$1.38M
$1.21M – $1.61M
NOI $96,844 @ 7.0% cap
Second Best
Industrial
$1.12M
$983.2K – $1.31M
NOI $78,653 @ 7.0% cap
Theoretical Best
Office A
$2.59M
$2.27M – $3.02M
NOI $181,494 @ 7.0% cap
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
Location Intelligence
Trade Area within ½ mile
2,649
Businesses Nearby
178k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 42%
Dining 41%
Apparel 14%
Electronics 4%
Wendy's
Dining
22,174 visits/mo
0.2 miles
Shoppers World
Apparel
15,617 visits/mo
0.4 miles
Wells Fargo
Shops & Services
14,988 visits/mo
0.1 miles
Bank of America
Shops & Services
14,767 visits/mo
0.5 miles
IHOP
Dining
11,240 visits/mo
0.3 miles
Demographics for 07208, NJ
33,561
Population
12,958
Households
2.6
Avg Household Size
37
Median Age
21%
College-Educated
81%
High-School Grad
1.8 sq mi
ZIP Area
18,645
Density / Sq Mi
$61,873
Median Household Income
$36,373
Median Earnings
$1,364
Median Rent
$425,600
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Auto shops in Union County, NJ
Properties on Market for Auto shops in Union County
Vacancy Rate% for Retail in Northeast region
Similar Off Market Nearby
- Paradise Getaways — 25 dehart pl, elizabeth, nj 07202
- Jim's Automotive Repairs - Since 1978 -Brakes-TuneUps-Electrical — 201 Rahway Ave, Elizabeth, NJ 07202
- ADD BODY SHOP — 127 Rahway Ave, Elizabeth, NJ 07202
- Meineke Car Care Center — 130 Rahway Ave, Elizabeth, NJ 07202
- 1 Stop Auto Repair & Services — 10 Lyons Pl, Elizabeth, NJ 07202
Frequently Asked Questions
What type of property is this?
Auto shop - Commercial facility with dedicated work areas, offices, storage, and vehicle access for collision-related operations.
Where is this auto shop located?
The property is located at 72 Prince St Elizabeth, NJ.
What are key features of this property?
This property features: Approximately 7,000 SF commercial facility; Configured for auto body and collision operations; Work areas plus office and waiting space
