Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    1659 Nj-38 Mount Holly, NJ 08060
    Back to Search
    Property profile & analytics

    1659 Nj-38, Mount Holly, NJ 08060

    View on Map
    • Specialty properties
    • 6,200 SF
    • 1.76 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Specialty properties

    Property Details for 1659 Nj-38

    Year built
    1970
    Lot size
    1.76 lot acres
    Property type
    Specialty properties
    Property subtype
    Car washes

    Description

    This exceptional investment opportunity presents a 6,200 square foot, fully occupied car wash located at 1659 NJ-38, Mount Holly, NJ 08060. The property sits on a 1.76-acre lot and boasts a strong 7.00% cap rate, generating a substantial net operating income (NOI) of $457,780. The asking price is $6,539,714, translating to a price per square foot of $1,054.79. Built in 1970, this single-tenant property benefits from a long-term, 21-year absolute triple-net (NNN) lease, commencing April 1, 2023, and expiring March 30, 2044, leaving over 19 years remaining. The lease includes a favorable 2% annual rental increase. The car wash enjoys exceptional visibility due to its location across from Lumberton Plaza Mall and its high-traffic position on Route 38 and the Mount Holly Bypass, seeing 38,900 and 37,100 vehicles daily, respectively. This prime location is further enhanced by an affluent consumer base with an average household income exceeding $111,000, creating an ideal market for automotive services. The property offers zero landlord responsibilities, making it an attractive, low-maintenance investment. This is a rare opportunity to acquire a stable, high-performing car wash in a desirable New Jersey market.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Mount Holly
    County
    Burlington
    State
    New Jersey
    Longitude
    -74.7818
    Latitude
    39.9829

    Comparable in this City

    • Value Estimation by Request
      1.38 Acres

      1863 Burlington Mt Holly Rd

      CAR WASH
      1863 Burlington Mt Holly Rd, Westampton, NJ 08060-1027
      View Details
    • Value Estimation by Request

      238 Main St

      Day care centers
      238 Main St, Westampton, NJ 08060
      View Details
    • Value Estimation
      $615,000
      0.26 Acres

      1653 Rte 38

      SERVICE STATION (FULL SERVICE)
      1653 Rte 38, Mount Holly, NJ 08060-2204
      View Details
    • Value Estimation by Request
      1.00 Acre

      487 Woodlane Rd

      GAS STATION
      487 Woodlane Rd, Westampton, NJ 08060-3800
      View Details
    • Value Estimation by Request

      301 Ml St

      GAS STATION
      301 Ml St, Mount Holly, NJ 08060
      View Details
    • Value Estimation by Request
      973 SF

      101-103 High St, Unit 103

      SERVICE STATION (FULL SERVICE)
      101-103 High St, Mount Holly, NJ 08060-1401
      View Details

    Similar Nearby for Sale

    • $425,000

      Government Services Zone Property

      7-bedroom property in Government Services Zone, suitable for non-profits.
      15 Washington St Mt, Mount Holly, NJ 08060
      View Details
    • $399,000
      0.01 Acres

      Tenant-Occupied Mixed-Use Investment Property

      Four-unit mixed-use property with strong rental history and immediate cashflow.
      39-41 Mill St, Mount Holly, NJ 08060
      View Details
    • $1,179,000

      Historic Income-Producing Property For Sale

      14,000 SF historic property in downtown Mount Holly, NJ
      30 Mill St, Mount Holly, NJ 08060
      View Details
    • $399,000

      Tenant-Occupied Mixed-Use Investment Property

      Fully occupied mixed-use property with immediate cash flow potential.
      39-41 Mill St, Mount Holly, NJ 08060
      View Details
    • $225,000
      0.17 Acres

      Mount Holly Commercial Opportunity

      Commercial building in Mount Holly, NJ, needing major rehabilitation.
      100 Rancocas Rd, Mount Holly, NJ 08060
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Commercial Property for Lease

      Commercial property available for lease in Eastampton Township, NJ.
      Woodlane Rd & Smithville Rd, Eastampton Township, NJ 08060
      View Details
    • $5,000 /Mo

      Retail Space on Route 206

      Retail space for rent on Route 206 in Mount Holly.
      2685 Route 206, Mount Holly, NJ 08060
      View Details
    • $4,500 /Mo
      3,000 SF

      Adaptable Commercial Space For Rent

      3,000 sq ft commercial property suitable for various business ventures.
      2685 Route 206, Mount Holly, NJ 08060
      View Details
    • Contact for pricing
      4,166 SF

      Retail Space in Community Center

      Retail space available in busy community center near Route 38.
      555 High St, Mount Holly, NJ 08060
      View Details
    • $5,000 /Mo

      Renovated Building with High Visibility

      Renovated 4000+ sq ft building on Route 206.
      2685 Route 206, Mount Holly, NJ 08060
      View Details
    • Contact for pricing
      3,000 SF

      Retail Space in Westampton

      Retail space available for lease in Westampton, New Jersey.
      62 Springside Rd, Westampton, NJ 08060
      View Details
    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.
    1659 Nj-38
    Mount Holly, NJ 08060
    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

    Thank You for Inquiry
    1659 Nj-38, Mount Holly, NJ, 08060
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!