Building Details

Year Built 1910

Listing Agency: J.J. ELEK REALTY CO. Show Phone

Listed By: JOSEPH DEVIZIO · License #0568876 Show Phone

Source: Corcoran

Added: Feb 27 Changed: Oct 9 Last Checked: Oct 16 at 8:51AM

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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 J.J. ELEK REALTY CO.

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Investment Insights

Based on property information with market context.

This commercial property, suitable for auto shops, automotive businesses, and retail, offers 3,200 square feet of space. It is located in Perth Amboy, NJ.

Key Highlights

• 3,200 SF auto shop
• Available for purchase
• Year Built: 1910

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$45,674

Cap Rate

4.57%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$913,480 $913.5K

Cap Rate 7%

$652,486 $652.5K

Cap Rate 9%

$507,489 $507.5K

Is this asking price fair?

Market Conditions

NOI Build-Up for 3,200 SF

Gross rent

$69.1K $21.60/SF

− Vacancy

−$3.9K −$1.21/SF

EGI

$65.2K $20.39/SF

− OpEx

−$19.6K −$6.12/SF

NOI

$45.7K $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 Rate 5%

$913,480

Cap Rate 7%

$652,486

Cap Rate 9%

$507,489

Alternative Uses

Best Use

Retail

$652.5K

$570.9K – $761.2K (±1% cap)

NOI $45,674 @ 7.0% cap · market cap 4.57%

Second Best

Industrial

$513.1K

$449.0K – $598.6K (±1% cap)

NOI $35,918 @ 7.0% cap · market cap 3.59%

Theoretical Best

Office A

$835.6K

$731.1K – $974.9K (±1% cap)

NOI $58,491 @ 7.0% cap · market cap 5.85%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Current Use

Camen beauty & Aesthetic ... Hair Salon Stephanie Cresto Beauty ... Hair Salon Lourdes Hair Salon ... Hair Salon

Suggested Use

Top Pick Real Estate Agency Skin Care Clinic Veterinary Clinic (Bike/Boat/Book/etc) Store Catering Service Pet Grooming Service

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

1,857

Businesses Nearby

74k

Monthly Visits Nearby

Well-served

Demand for This Use

Explore this area Business Placement

Foot Traffic Nearby

Shops & Services 71% Groceries 13% Electronics 7% Dining 5%

PNC Bank Shops & Services

13,747 visits/mo 0.1 miles

Chase Bank Shops & Services

12,006 visits/mo 0.2 miles

C-Town Supermarkets Groceries

9,453 visits/mo 0.3 miles

Dollar General Shops & Services

6,535 visits/mo 0.3 miles

7-Eleven Shops & Services

5,714 visits/mo 0.5 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

6% 2019

7.1% 2020

6.5% 2021

6% 2022

5.7% 2023

5.6% 2024

6% 2025

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Similar Off Market Nearby

• Superior automotive & Truck Repair — 156 2nd St, Perth Amboy, NJ 08861
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• Beato Auto Repair — 141 2nd St, Perth Amboy, NJ 08861
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• Ortiz Towing & Auto Repair — 143 2nd St, Perth Amboy, NJ 08861

Frequently Asked Questions

What type of property is this?

Auto shop - 3,200 SF auto shop available for purchase.

Where is this auto shop located?

The property is located at 85 Smith Street Perth Amboy, NJ.

What is the asking price?

The asking price for this property is $999,999.

What are key features of this property?

This property features: 3,200 SF auto shop; Available for purchase; Year Built: 1910