Auto Repair Facility with Storage
For Sale
$629,000
821 N Tuckahoe Road, Williamstown, NJ 08094
Automotive improvements include service bays, office and shop areas, plus a separate renovated residence.
Property Size3,415 SF
Lot Size3.06 Acres
Price / SF$184.19
Days on Market115
Property Features for 821 N Tuckahoe Road
General Information
Standard status
Active
Size
3,415 SF
Lot size
3.06 Acres
Property subtype
Mixed Use
Additional Details
Outdoor Storage
Yes
Service Bays
3
Taxes and HOA fees
Annual Taxes
$6,618
Amenities
220 line
Wall Air Conditioning
3
BP
Parking.
Lot.
0.00 x 0.00
Building Details
Year Built
1940
Buildings
2
Listing Agency:
Keller Williams Realty
(215) 617-6142
Listed By:
Washington Township · License #RS331003
(215) 617-6142
Source:
Xome
Added: May 8
Changed: Aug 29
Last Checked: Aug 30 at 1:33PM
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 Realty
Investment Insights
Based on property information with market context.
Located at 821 N Tuckahoe Rd in Williamstown, NJ, the property features a 2,500-square-foot auto repair shop arranged with three service bays, office and shop areas, and a vehicle storage lot. The shop includes a 220 line capable of handling a welder.
A separate 915-square-foot detached house was recently renovated, providing an additional building on the 3.06-acre property. The combination of repair-shop improvements, vehicle storage, and a separate residence creates a multi-building automotive property with distinct spaces for commercial and residential use.
A separate 915-square-foot detached house was recently renovated, providing an additional building on the 3.06-acre property. The combination of repair-shop improvements, vehicle storage, and a separate residence creates a multi-building automotive property with distinct spaces for commercial and residential use.
Key Highlights
- 2,500 SF auto repair shop with 3 service bays
- Office and shop areas included in the main facility
- Vehicle storage lot on the 3.06‑acre property
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
$48,743
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
7.75%
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%
$974,860
$974.9K
Cap Rate 7%
$696,329
$696.3K
Cap Rate 9%
$541,589
$541.6K
Market Conditions
NOI Build-Up for 3,415 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
$73.8K $21.60/SF
− Vacancy
−$4.1K −$1.21/SF
EGI
$69.6K $20.39/SF
− OpEx
−$20.9K −$6.12/SF
NOI
$48.7K $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%
$974,860
Cap Rate 7%
$696,329
Cap Rate 9%
$541,589
Alternative Uses
Best Use
Retail
$696.3K
$609.3K – $812.4K
NOI $48,743 @ 7.0% cap · market cap 7.75%
Second Best
Industrial
$547.6K
$479.1K – $638.9K
NOI $38,331 @ 7.0% cap · market cap 6.09%
Theoretical Best
Office A
$891.7K
$780.3K – $1.04M
NOI $62,421 @ 7.0% cap · market cap 9.92%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
3
Service bays
Location Intelligence
Trade Area within ½ mile
48
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 08094, NJ
40,774
Population
15,878
Households
2.6
Avg Household Size
41
Median Age
28%
College-Educated
94%
High-School Grad
54.8 sq mi
ZIP Area
744
Density / Sq Mi
$92,125
Median Household Income
$52,681
Median Earnings
$1,420
Median Rent
$260,200
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.
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Frequently Asked Questions
What type of property is this?
Auto shop - Automotive improvements include service bays, office and shop areas, plus a separate renovated residence.
Where is this auto shop located?
The property is located at 821 N Tuckahoe Road Williamstown, NJ.
What is the asking price?
The asking price for this property is $629,000.
What are key features of this property?
This property features: 2,500 SF auto repair shop with 3 service bays; Office and shop areas included in the main facility; Vehicle storage lot on the 3.06‑acre property
