Phillipsburg Automotive Ready Commercial
For Sale
Contact for pricing
Pending
56 Fox St, Phillipsburg, NJ 08865
Versatile commercial property with automotive potential in Phillipsburg, NJ.
Property Size1,250 SF
Days on Market887
Property Features for 56 Fox St
General Information
Standard status
Pending
Size
1,250 SF
Property subtype
Special Purpose
Zoning
b-4
Building Details
Year Built
1950
Year Renovated
2001
Buildings
1
Stories
1
Listing Agency:
Realty ONE Group Next Door
(908) 454-1717
Listed By:
Michael Del Cioppo · License #NJ 1537096
Source:
Crexi
Added: Mar 29, 2024
Changed: Aug 8
Last Checked: Jul 24 at 4:35PM
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 Realty ONE Group Next Door
Investment Insights
Based on property information with market context.
This versatile commercial property, located in Phillipsburg, presents an opportunity for various business ventures, particularly automotive repair. Situated within the B-4 Business - Central Business District Zone, the concrete block garage is equipped with a Bend Pak lift, making it suitable for automotive-related operations. The property benefits from upgraded electrical systems installed around 2001 and a newer roof. A new overhead door provides access, and a small office with a restroom is included. The parking lot accommodates approximately 6 to 8 cars. Permitted uses within the zone encompass a range of possibilities, including retail shops, personal services, restaurants, taverns, brewpubs, offices, cultural and educational facilities, studios, churches, public buildings, medical and dental clinics/labs, small businesses, residential or office space above business, business services, and theaters. The property, with an approximate size of 1250 square feet, is being sold as-is and comes with a Certificate of Habitability from the Town of Phillipsburg.
Key Highlights
- Automotive Ready: Comes equipped with a Bend Pak lift, perfect for automotive repair.
- Versatile B‑4 Zoning: Explore diverse business opportunities including retail, restaurants, and offices.
- Ample Parking: Features a parking lot with space for 6‑8 cars.
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
$14,364
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
5.99%
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%
$287,280
$287.3K
Cap Rate 7%
$205,200
$205.2K
Cap Rate 9%
$159,600
$159.6K
Market Conditions
NOI Build-Up for 1,250 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
$22.5K $18.00/SF
− Vacancy
−$2.0K −$1.58/SF
EGI
$20.5K $16.42/SF
− OpEx
−$6.2K −$4.92/SF
NOI
$14.4K $11.49/SF
Area
Warren County, NJ
Vacancy
8.80%
Lease Rate
$18.00 /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%
$287,280
Cap Rate 7%
$205,200
Cap Rate 9%
$159,600
Alternative Uses
Best Use
Industrial
$388.4K
$339.8K – $453.1K
NOI $27,186 @ 7.0% cap · market cap 11.33%
Second Best
Retail
$205.2K
$179.6K – $239.4K
NOI $14,364 @ 7.0% cap · market cap 5.99%
Theoretical Best
Warehouse
$471.6K
$412.6K – $550.2K
NOI $33,011 @ 7.0% cap · market cap 13.75%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
638
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 08865, NJ
30,537
Population
14,146
Households
2.2
Avg Household Size
42
Median Age
29%
College-Educated
93%
High-School Grad
41.5 sq mi
ZIP Area
736
Density / Sq Mi
$78,519
Median Household Income
$49,811
Median Earnings
$1,248
Median Rent
$244,200
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.
Similar Off Market Nearby
- Easton Truck & Trailer Repair — 660 S Main St, Phillipsburg, NJ 08865
- South Main Wheel Alignment — 737 s main st, phillipsburg, nj 08865
- Beavers Truck Parts — 74 Stockton St, Phillipsburg, NJ 08865
- Judy's Auto Repair — 689 S Main St, Phillipsburg, NJ 08865
- Johnny's Automotive & Truck — 290 S Main St, Phillipsburg, NJ 08865
Frequently Asked Questions
What type of property is this?
Auto shop - Versatile commercial property with automotive potential in Phillipsburg, NJ.
Where is this auto shop located?
The property is located at 56 Fox St Phillipsburg, NJ.
What is the asking price?
The asking price for this property is $240,000.
What are key features of this property?
This property features: Automotive Ready: Comes equipped with a Bend Pak lift, perfect for automotive repair.; Versatile B‑4 Zoning: Explore diverse business opportunities including retail, restaurants, and offices.; Ample Parking: Features a parking lot with space for 6‑8 cars.
