Power Sport Business
For Sale
$2,595,000
749 Us Highway 202, Flemington, NJ 08822
Family-owned power sport business with showroom, service center, and storage.
Property Size12,900 SF
Price / SF$201.16
Days on Market211
Property Features for 749 Us Highway 202
General Information
Standard status
Active
Size
12,900 SF
Building Details
Year Built
1959
Listing Agency:
BHHS FOX & ROACH
Listed By:
JOHN H. CARRIERE
(908) 581-0300
Source:
Luminancerealty
Added: Mar 10
Changed: Sep 11
Last Checked: Oct 5 at 9:45PM
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 BHHS FOX & ROACH
Investment Insights
Based on property information with market context.
This property features a family-owned and operated power sport business that has been serving New Jersey for over 50 years. The property includes a house, offering the opportunity to live and work at the same location. The main building functions as a showroom, business office, and service center. Additionally, there are two buildings used for storage of service repair vehicles and new inventory. A third building is dedicated to a parts department and accessory showroom, providing comprehensive facilities for a power sport business.
Key Highlights
- Established power sport business (50+ years) with existing infrastructure.
- Includes a house, enabling living and working on‑site.
- Main building functions as showroom, office, and service center.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$184,125
Cap Rate
7.10%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,682,500
$3.7M
Cap Rate 7%
$2,630,357
$2.6M
Cap Rate 9%
$2,045,833
$2.0M
Market Conditions
NOI Build-Up for 12,900 SF
Gross rent
$278.6K $21.60/SF
− Vacancy
−$15.6K −$1.21/SF
EGI
$263.0K $20.39/SF
− OpEx
−$78.9K −$6.12/SF
NOI
$184.1K $14.27/SF
Area
Hunterdon County, NJ
Vacancy
5.60%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,682,500
Cap Rate 7%
$2,630,357
Cap Rate 9%
$2,045,833
Alternative Uses
Best Use
Retail
$2.63M
$2.30M – $3.07M
NOI $184,125 @ 7.0% cap · market cap 7.10%
Second Best
Industrial
$2.07M
$1.81M – $2.41M
NOI $144,793 @ 7.0% cap · market cap 5.58%
Theoretical Best
Office A
$3.37M
$2.95M – $3.93M
NOI $235,791 @ 7.0% cap · market cap 9.09%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
64
Businesses Nearby
11k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 100%
Speedway
Shops & Services
10,774 visits/mo
0.1 miles
Demographics for 08822, NJ
31,844
Population
12,274
Households
2.6
Avg Household Size
44
Median Age
57%
College-Educated
94%
High-School Grad
64.7 sq mi
ZIP Area
492
Density / Sq Mi
$137,698
Median Household Income
$67,198
Median Earnings
$1,685
Median Rent
$513,900
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Automotive property - Family-owned power sport business with showroom, service center, and storage.
Where is this automotive property located?
The property is located at 749 Us Highway 202 Flemington, NJ.
What is the asking price?
The asking price for this property is $2,595,000.
What are key features of this property?
This property features: Established power sport business (50+ years) with existing infrastructure.; Includes a house, enabling living and working on‑site.; Main building functions as showroom, office, and service center.
