Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    915 US Highway 1 Avenel, NJ

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    Long-term automotive sales operation with potential for apartment conversion.

    Type:RETAIL
    Property size:
    3,200 SF
    Lot size:
    0.26 Acres
    Added:
    May 26, 2025
    Days on Market:
    314
    Last Refresh:
    Apr 1 at 11:34 pm

    Property Features for 915 US Highway 1

    General Information

    Standard status
    Active
    Size
    3,200 SF
    Lot size
    0.26 Acres
    Property subtype
    RETAIL

    We can help!

    Listing Contact
    Erica Davidson
    Erica Davidson

    Listing agent Erica Davidson

    Listing office Lee & Associates | Whippany

    Listing date May 26, 2025

    Source Moodyscre

    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 Lee & Associates | Whippany

    Overview

    Established Automotive Sales Property

    This 3,200 square foot property has been operating as a used car and truck sales business for 44 years. The township is reportedly not approving additional properties with the current zoning and permitted use. There is potential for apartment conversion on the second floor.
    Location Intelligence

    Current Use by Public Records

    Automotive properties

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Daycare Center

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    • U-Haul Neighborhood Dealer — 1361 St Georges Ave, Colonia, NJ 07067
    • Enterprise Rent-A-Car — 1245 St Georges Ave, Colonia, NJ 07067

    Location Insight

    • Map
    • Local Demand
    City
    Avenel
    County
    Middlesex
    State
    New Jersey
    Longitude
    -74.2882
    Latitude
    40.5769

    Nearby Similar for Sale

    • $3,300,000
      11,520 SF

      Avenel Shopping Center For Sale

      Shopping center with stable tenants and long-term leases.
      1392 Saint Georges Avenue, Avenel, NJ 07001
      View Details
    • $2,500,000
      3,200 SF

      Profitable Turnkey Operation on Highway

      Well-established, profitable turnkey operation on prime commercial real estate.
      867 Us Highway 1, Woodbridge Twp., NJ 07001-1357
      View Details
    • $3,000

      Commercial Space in Avenel, NJ

      Commercial space suitable for professional, medical, wellness, and aesthetic businesses.
      239 Avenel Street, Avenel, NJ 07001
      View Details
    • $3,000
      2,000 SF

      Professionally Designed Commercial Suite

      Adaptable commercial suite with private offices and multiple entrances.
      239 Avenel Street, Woodbridge Proper, NJ 07001
      View Details
    • $1,800,000
      2,500 SF

      Prime Retail Corner with Drive-Thru

      Single-tenant storefront with drive-thru potential in a bustling retail corridor.
      1076 Saint Georges Ave, Woodbridge Twp., NJ 07001-1263
      View Details
    • $1,800,000
      2,500 SF

      Avenel Retail Investment Opportunity

      2,500 SF storefront in bustling retail corridor, great investment.
      1076 Saint Georges Avenue, Avenel, NJ 07001
      View Details
    • $3,300,000
      11,520 SF

      Avenel Shopping Center For Sale

      Shopping center with stable tenants and long-term leases.
      1392 Saint Georges Avenue, Avenel, NJ 07001
      View Details
    • $525,000
      1,688 SF

      Mechanic Garage with Inventory Included

      Well-maintained mechanic garage in high-visibility area, includes inventory.
      11 Leesville Ave, Woodbridge Twp., NJ 07001
      View Details
    • Contact for pricing
      11,520 SF

      Avenel Beauty Wellness Center Suites

      Suites available in established beauty and wellness center.
      1392 Saint Georges Avenue, Avenel, NJ 07001
      View Details
    • $2,500,000
      3,200 SF

      Profitable Turnkey Operation For Sale

      Well-established, highly profitable turnkey operation on prime commercial real estate.
      867 Us Highway 1, Woodbridge Twp., NJ 07001
      View Details
    • $525,000
      1,688 SF

      Mechanic Garage with Inventory Included

      Well-maintained mechanic garage with inventory in high-visibility area.
      11 Leesville Avenue, Avenel, NJ 07001
      View Details
    • $3,200,000
      13,082 SF

      Retail Property with Renovations

      Fully occupied retail property featuring recent renovations and below market rents.
      1392 St Georges Ave, Avenel, NJ
      View Details

    FAQs

    What type of property is this?
    Automotive property - Long-term automotive sales operation with potential for apartment conversion.
    Where is this automotive property located?
    The property is located at 915 US Highway 1 Avenel, NJ.
    What are key features of this property?
    This property features: Established used car/truck sales business operating for 44 years.; Township restrictions limit new properties with the existing zoning/permitted use.; Potential for apartment conversion on the 2nd floor.
    (973) 214-9733 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Erica Davidson
    Erica Davidson
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!