Updated Auto Repair
For Sale
$240,000
521 E Main Street, Trotwood, OH 45426
Commercial Sale, Trotwood, OH
Property Size1,392 SF
Lot Size0.59 Acres
Price / SF$172.41
Days on Market94
Property Features for 521 E Main Street
General Information
Property type
Commercial Sale
Property subtype
Other
Directions
ohio 49 north. Turn west on Main Street. property on the right
Subdivision
Montgomery-E30
Standard status
Active
APN
H33001010029
Size
1,392 SF
Lot size
0.59 Acres
Utilities
Heating system
Forced Air
Amenities
updated customer waiting area
front office
Building Details
Year built
1968
Flooring type
Concrete
Building materials
Block
Roof type
Membrane
Listing Agency:
Plum Tree Realty
(513) 443-5060
Listed By:
Timothy Bowman
(513) 378-4663
Added: May 29
Changed: Aug 22
Last Checked: Aug 30 at 4:06PM
MLS# 1881221
Copyright © 2026 MLS of Greater Cincinnati, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This auto repair property combines an operating business with the real estate and equipment needed for continued use. The facility includes a customer waiting area, front office, two service bays, and an automotive lift. Recent updates include improvements to the customer-facing area.
The building contains approximately 0.5888 acres and was constructed in 1968 with block construction, concrete flooring, forced-air heating, and a membrane roof. The sale includes the operating business, equipment, and related assets, providing a combined real estate and business offering at 521 E Main Street in Trotwood, Ohio.
The building contains approximately 0.5888 acres and was constructed in 1968 with block construction, concrete flooring, forced-air heating, and a membrane roof. The sale includes the operating business, equipment, and related assets, providing a combined real estate and business offering at 521 E Main Street in Trotwood, Ohio.
Key Highlights
- Operating auto repair business sold with real estate
- Two service bays and an automotive lift
- Updated customer waiting area and front office
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
$16,189
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
6.75%
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%
$323,780
$323.8K
Cap Rate 7%
$231,271
$231.3K
Cap Rate 9%
$179,878
$179.9K
Market Conditions
NOI Build-Up for 1,392 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
$25.1K $18.00/SF
− Vacancy
−$1.9K −$1.39/SF
EGI
$23.1K $16.61/SF
− OpEx
−$6.9K −$4.98/SF
NOI
$16.2K $11.63/SF
Area
Montgomery County, OH
Vacancy
7.70%
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%
$323,780
Cap Rate 7%
$231,271
Cap Rate 9%
$179,878
Alternative Uses
Best Use
Retail
$231.3K
$202.4K – $269.8K
NOI $16,189 @ 7.0% cap · market cap 6.75%
Second Best
Industrial
$104.8K
$91.7K – $122.2K
NOI $7,333 @ 7.0% cap · market cap 3.06%
Theoretical Best
Multifamily LT 5
$13.17M
$11.52M – $15.36M
NOI $921,597 @ 7.0% cap · market cap 384.00%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Service bays
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
74
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 45426, OH
14,391
Population
7,476
Households
1.9
Avg Household Size
43
Median Age
21%
College-Educated
94%
High-School Grad
19.9 sq mi
ZIP Area
723
Density / Sq Mi
$51,538
Median Household Income
$37,249
Median Earnings
$927
Median Rent
$111,900
Median Home Value
Market
Vacancy Rate% for Retail in Midwest region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- BJ and Sons Auto Repair — 11 S Broadway St, Trotwood, OH 45426
- Superior Auto Body & Collision Repair — 105 W Main St, Trotwood, OH 45426
- Devers J W & Son Inc — 5 N Broadway St, Trotwood, OH 45426
- Josh & Dad's Auto Body — 21 E Main St, Trotwood, OH 45426
- M & H Services Center — 207 N Broadway St, Trotwood, OH 45426
Frequently Asked Questions
What type of property is this?
Auto shop - Operating repair business with customer reception, office space, service bays, and included automotive equipment.
Where is this auto shop located?
The property is located at 521 E Main Street Trotwood, OH.
What is the asking price?
The asking price for this property is $240,000.
What are key features of this property?
This property features: Operating auto repair business sold with real estate; Two service bays and an automotive lift; Updated customer waiting area and front office
