Brick Auto Shop with Upstairs
For Sale
Under Contract
$685,000
805 S Amboy Avenue E, Perth Amboy, NJ 08861
Commercial Sale, Perth Amboy, NJ
Property Size3,236 SF
Lot Size0.11 Acres
Price / SF$211.68
Days on Market912
Property Features for 805 S Amboy Avenue E
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
R-50
Bathrooms
1
Full bathrooms
1
Rooms
Bathroom 1
Parking
12
Parking features
Driveway
Interior features
Appliances, Refrigeration, Lighting Fixtures
Appliances
Appliances, Refrigeration, Range/Oven, Refrigerator
Lot features
Highway Location
Directions
GPS to 805 Amboy Avenue
Standard status
Active Under Contract
APN
16003780100001
Size
3,236 SF
Lot size
0.11 Acres
Taxes and HOA fees
Tax Year
2022
Tax Annual Amount
11664
Utilities
Sewer type
Public Sewer
Heating system
Baseboard
Cooling system
Wall Unit(s)
Water source
Public
Building Details
Year built
1930
Floors in Building
2
Number of units
1
Flooring type
Wood, Lighting fixtures, Concrete
Building materials
Brick
Roof type
Asphalt
Listing Agency:
J.J. ELEK REALTY CO.
(732) 634-9100
Listed By:
Jeffrey Steuber
(732) 596-2118
Added: Feb 21, 2024
Changed: Aug 19
Last Checked: Aug 21 at 9:06AM
MLS# 2408404R
Copyright © 2026 All Jersey MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
Brick auto shop building with concrete flooring, baseboard heat, and wall-unit cooling. The property includes appliances such as a range/oven and refrigerator, along with refrigeration and lighting fixtures. Parking is provided by a driveway, and the building is served by public water and public sewer.
The lot size is 0.1148 acres and the property size is 3,236 SF. Zoning is R-50. The upstairs tenant is in place with a lease scheduled to run until March 2025.
Built in 1930, the property features a brick exterior and an asphalt roof, offering a compact footprint suited to automotive garage operations with onsite improvements and existing occupancy.
The lot size is 0.1148 acres and the property size is 3,236 SF. Zoning is R-50. The upstairs tenant is in place with a lease scheduled to run until March 2025.
Built in 1930, the property features a brick exterior and an asphalt roof, offering a compact footprint suited to automotive garage operations with onsite improvements and existing occupancy.
Key Highlights
- Zoned R‑50
- Upstairs tenant lease scheduled until March 2025
- Brick auto shop with asphalt roof, built in 1930
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
$46,188
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
6.74%
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%
$923,760
$923.8K
Cap Rate 7%
$659,829
$659.8K
Cap Rate 9%
$513,200
$513.2K
Market Conditions
NOI Build-Up for 3,236 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
$69.9K $21.60/SF
− Vacancy
−$3.9K −$1.21/SF
EGI
$66.0K $20.39/SF
− OpEx
−$19.8K −$6.12/SF
NOI
$46.2K $14.27/SF
Area
Middlesex 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 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%
$923,760
Cap Rate 7%
$659,829
Cap Rate 9%
$513,200
Alternative Uses
Best Use
Retail
$659.8K
$577.4K – $769.8K
NOI $46,188 @ 7.0% cap · market cap 6.74%
Second Best
Industrial
$518.9K
$454.0K – $605.4K
NOI $36,322 @ 7.0% cap · market cap 5.30%
Theoretical Best
Office A
$845.0K
$739.4K – $985.8K
NOI $59,149 @ 7.0% cap · market cap 8.63%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
860
Businesses Nearby
85k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 69%
Dining 31%
QuickChek
Shops & Services
33,456 visits/mo
0.4 miles
Wendy's
Dining
26,087 visits/mo
0.4 miles
Bank of America
Shops & Services
13,126 visits/mo
0.5 miles
QuikStop
Shops & Services
6,749 visits/mo
0.1 miles
Speedway
Shops & Services
5,113 visits/mo
0.3 miles
Demographics for 08861, NJ
58,039
Population
21,032
Households
2.8
Avg Household Size
35
Median Age
16%
College-Educated
70%
High-School Grad
5.1 sq mi
ZIP Area
11,380
Density / Sq Mi
$60,464
Median Household Income
$34,093
Median Earnings
$1,623
Median Rent
$340,900
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
- Deepa Auto Body — 402 New Brunswick Ave, Perth Amboy, NJ 08861
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- Sebastian Racing Inc — 409 New Brunswick Ave, Perth Amboy, NJ 08861
- NBA Auto Collision Repair LLC — 431 New Brunswick Ave, Perth Amboy, NJ 08861
- J & R Auto Body Masters — 402 New Brunswick Ave, Perth Amboy, NJ 08861
Frequently Asked Questions
What type of property is this?
Auto shop - Brick auto shop on R-50 zoning with an upstairs tenant leased until March 2025.
Where is this auto shop located?
The property is located at 805 S Amboy Avenue E Perth Amboy, 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 R‑50; Upstairs tenant lease scheduled until March 2025; Brick auto shop with asphalt roof, built in 1930
