Multi-Tenant Auto Shop
For Sale
$1,700,000
6269-6275 E Main Street, Reynoldsburg, OH 43068
Commercial Sale, Reynoldsburg, OH
Property Size12,153 SF
Lot Size1.43 Acres
Price / SF$139.88
Days on Market150
Property Features for 6269-6275 E Main Street
General Information
Property type
Residential
Property subtype
Retail
Standard status
Active
APN
060-001247
Size
12,153 SF
Lot size
1.43 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
31440
Building Details
Year built
1988
Floors in Building
1
Listing Agency:
e-Merge Real Estate
(614) 678-5505
Listed By:
Terry L Ferguson · License #184924
(614) 214-2470
Added: Apr 4
Changed: Aug 30
Last Checked: Aug 31 at 1:06AM
MLS# 226010411
Copyright © 2026 Columbus and Central Ohio Multiple Listing Service. 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 automotive property contains 12,153 square feet on a 1.43-acre site. Constructed in 1988, the asset is fully occupied by established tenants, providing an operating commercial property with an auto-shop focus. The available information identifies the property as an automotive asset rather than detailing individual bays, service areas, or other interior improvements.
The property is located at 6269-6275 E Main Street in Reynoldsburg, Ohio, at the Main Street and Brice Road corridor. The site benefits from access to nearby freeways and sits within the stated high-traffic corridor. Its Reynoldsburg location places the property in Franklin County and the 43068 postal area.
The property is located at 6269-6275 E Main Street in Reynoldsburg, Ohio, at the Main Street and Brice Road corridor. The site benefits from access to nearby freeways and sits within the stated high-traffic corridor. Its Reynoldsburg location places the property in Franklin County and the 43068 postal area.
Key Highlights
- 12,153‑square‑foot automotive property on 1.43 acres
- 100% occupied by established tenants
- Located at 6269‑6275 E Main Street, Reynoldsburg, OH 43068
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
$141,204
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
8.31%
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%
$2,824,080
$2.8M
Cap Rate 7%
$2,017,200
$2.0M
Cap Rate 9%
$1,568,933
$1.6M
Market Conditions
NOI Build-Up for 12,153 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
$265.4K $21.84/SF
− Vacancy
−$63.7K −$5.24/SF
EGI
$201.7K $16.60/SF
− OpEx
−$60.5K −$4.98/SF
NOI
$141.2K $11.62/SF
Area
Franklin County, OH
Vacancy
24.00%
Lease Rate
$21.84 /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%
$2,824,080
Cap Rate 7%
$2,017,200
Cap Rate 9%
$1,568,933
Alternative Uses
Best Use
Retail
$2.31M
$2.02M – $2.70M
NOI $161,873 @ 7.0% cap · market cap 9.52%
Second Best
Industrial
$2.02M
$1.77M – $2.35M
NOI $141,204 @ 7.0% cap · market cap 8.31%
Theoretical Best
Specialty Retail
$2.48M
$2.17M – $2.89M
NOI $173,435 @ 7.0% cap · market cap 10.20%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
100%
Occupancy
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
860
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 43068, OH
59,585
Population
25,294
Households
2.4
Avg Household Size
36
Median Age
30%
College-Educated
91%
High-School Grad
19.6 sq mi
ZIP Area
3,040
Density / Sq Mi
$70,451
Median Household Income
$42,327
Median Earnings
$1,214
Median Rent
$225,500
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
- Steagalls Mobile Auto Service — 5809 Riverton Rd, Columbus, OH 43232
- My Personal Auto Care — 6031 E Main St Suite 162, Columbus, OH 43213
- Stonewall Collision & Auto Painting — 6301 E Main St, Columbus, OH 43213
- The Shoppe — 6475 E Main St Suite 100, Reynoldsburg, OH 43068
- Carmeleon Skins — 6475 E Main St Suite 125, Reynoldsburg, OH 43068
Frequently Asked Questions
What type of property is this?
Auto shop - Established tenants occupy an automotive property at Main Street and Brice Road with access to nearby freeways.
Where is this auto shop located?
The property is located at 6269-6275 E Main Street Reynoldsburg, OH.
What is the asking price?
The asking price for this property is $1,700,000.
What are key features of this property?
This property features: 12,153‑square‑foot automotive property on 1.43 acres; 100% occupied by established tenants; Located at 6269‑6275 E Main Street, Reynoldsburg, OH 43068
