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    1005 E Broadway Street Covington, OH 45318

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    Claim this Listing
    New
    For Sale
    $299,900

    COMMERCIAL - Covington, OH

    Property size:
    3,836 SF
    Lot size:
    0.43 Acres
    Added:
    Apr 11, 2026
    Days on Market:
    4
    Last Refresh:
    Apr 14 at 9:06 pm

    Property Features for 1005 E Broadway Street

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Parking
    20
    Parking features
    Garage, Secured, Parking Lot
    Appliances
    Electric Water Heater
    Standard status
    Active
    APN
    H19010430
    Size
    3,836 SF
    Lot size
    0.43 Acres

    Taxes and HOA fees

    Tax Year
    2025

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Space Heater, Forced Air, Natural Gas
    Cooling system
    Central Air

    Building Details

    Year built
    1956
    Building materials
    Block, Metal Siding
    Additional Structures
    Storage

    We can help!

    Listing Contact
    Shaun Hayes
    Shaun Hayes

    Listing agent Shaun Hayes License #2001019614

    Listing office Berkshire Hathaway Professional Realty 511 E Main St., Beavercreek, OH

    Listing date Apr 11, 2026

    MLS# 1044911

    Copyright © 2026 West Metro Board of REALTORS®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Established Automotive Repair Shop

    This established automotive repair and tire shop is positioned for visibility and steady traffic on US Route 36. The 3,836 sq. ft. building features approximately 1,458 sq. ft. of shop space, 1,601 sq. ft. of storage, and 777 sq. ft. dedicated to office and customer waiting areas. The property is designed with functionality in mind, offering a large fenced and secured outdoor storage area, along with ample concrete and gravel parking to accommodate multiple vehicles. Prominent signage both at the road and on the building enhances exposure and reinforces a strong business presence. Situated on 0.43 acres, this property offers an excellent commercial opportunity. The property is located in Covington, Ohio, in Miami County. Equipment and inventory are available for purchase separately, allowing for a turnkey setup or a customized approach to fit your business needs.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Mullen's Firestone Inc (Bike/Boat/Book/etc) Store

    Suggested Use

    Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Auto Repair Shop Big Box & Wholesale Store

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

    Similar Places Nearby

    • County Line Auto Sales — 101 W Broadway St, Covington, OH 45318
    • Tony's Body Shop & Service Center — 102 E Broadway St, Covington, OH 45318
    • Extreme Auto Care — 500 E Broadway St, Covington, OH 45318
    • D&D Classic Vintage Garage — Sharon St, Covington, OH 45318
    • Broadway Service and Tires — 1 E Broadway St, Covington, OH 45318

    Location Insight

    • Map
    • Local Demand
    City
    Covington
    County
    Miami
    State
    Ohio
    Longitude
    -84.342025
    Latitude
    40.122932

    Nearby Similar for Sale

    • $339,900
      3,182 SF

      Renovated Office Space in Covington

      Move-in ready office space with modern design and ample parking.
      150 E Broadway, Covington, OH
      View Details
    • $299,000
      4,029 SF

      Commercial Property on St Rt 36

      Commercial property suitable for retail, auto shop, or fuel station.
      1005 E Broadway St, Covington, OH
      View Details
    • $1,550,000
      41,988 SF

      Industrial Manufacturing Facility For Sale

      Well-maintained 41,988 SF industrial facility with manufacturing and office space.
      2000 Industrial Ct, Covington, OH
      View Details

    FAQs

    What type of property is this?
    Auto shop - Well-equipped auto shop on high-traffic US Route 36.
    Where is this auto shop located?
    The property is located at 1005 E Broadway Street Covington, OH.
    What is the asking price?
    The asking price for this property is $299,900.
    What are key features of this property?
    This property features: High‑traffic location on busy US Route 36 offers **excellent visibility and business potential**.; Well‑established 3,830 sq. ft. automotive repair and tire shop with efficient layout.; Includes three‑bay shop, storage, office, and customer waiting areas.
    (937) 426-7070
    We can help!
    Listing Contact
    Shaun Hayes
    Shaun Hayes
    Real Estate License ID: 2001019614
    Learn More
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    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
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