Remodeled Auto Shop
For Sale
$169,900
707 W Main, Crestline, OH 44827
COMMERCIAL - Crestline, OH
Property Size2,820 SF
Lot Size0.44 Acres
Price / SF$60.25
Days on Market33
Property Features for 707 W Main
General Information
Property type
Commercial Sale
Property subtype
Other
Directions
Rt 30 to Lincoln Hwy exit. Lincoln Hwy becomes Main St.
Subdivision
Crawford
Standard status
Active
APN
24-0021613.000
Lot size
0.44 Acres
Taxes and HOA fees
Tax Description
1424
Tax Annual Amount
2250
Legal Description
1424
Utilities
Sewer type
Public Sewer
Heating system
Natural Gas
Amenities
5 overhead doors
3 man doors
fully finished insulated work area
LED lighting
Building Details
Year built
1986
Floors in Building
1
Roof type
Metal
Listing Agency:
Dzugan Real Estate Services LLC
(419) 683-3100
Listed By:
Joseph Dzugan · License #2005004867
(419) 295-5183
Added: Jul 29
Changed: Aug 4
Last Checked: Aug 30 at 4:06PM
MLS# 20100169
Copyright © 2026 Mansfield Association 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.
Investment Insights
Based on property information with market context.
Remodeled auto shop building offering 2,820 SF of versatile commercial space ready for a variety of business uses. The building is well maintained and was previously operated as a car lot and auto detailing facility. Improvements include five overhead doors, three man doors, a fully finished insulated work area, and LED lighting.
Built in 1986, the property is heated with natural gas and served by public sewer. The roof is metal.
Zoned “Local Business” in Crestline, this facility is set up for light automotive and detailing workflows, with multiple access points suited for vehicles and day-to-day operations.
Built in 1986, the property is heated with natural gas and served by public sewer. The roof is metal.
Zoned “Local Business” in Crestline, this facility is set up for light automotive and detailing workflows, with multiple access points suited for vehicles and day-to-day operations.
Key Highlights
- 2,820 SF remodeled auto shop building
- Five overhead doors for vehicle access
- Three man doors
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
$11,588
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
6.82%
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%
$231,760
$231.8K
Cap Rate 7%
$165,543
$165.5K
Cap Rate 9%
$128,756
$128.8K
Market Conditions
NOI Build-Up for 2,820 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
$18.1K $6.41/SF
− Vacancy
−$1.5K −$0.54/SF
EGI
$16.6K $5.87/SF
− OpEx
−$5.0K −$1.76/SF
NOI
$11.6K $4.11/SF
Area
Crawford County, OH
Vacancy
8.42%
Lease Rate
$6.41 /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%
$231,760
Cap Rate 7%
$165,543
Cap Rate 9%
$128,756
Alternative Uses
Best Use
Retail
$298.9K
$261.5K – $348.7K
NOI $20,921 @ 7.0% cap · market cap 12.31%
Second Best
Industrial
$165.5K
$144.9K – $193.1K
NOI $11,588 @ 7.0% cap · market cap 6.82%
Theoretical Best
Specialty Retail
$552.8K
$483.7K – $645.0K
NOI $38,697 @ 7.0% cap · market cap 22.78%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
201
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 44827, OH
6,973
Population
3,564
Households
2
Avg Household Size
43
Median Age
20%
College-Educated
91%
High-School Grad
48.5 sq mi
ZIP Area
144
Density / Sq Mi
$53,089
Median Household Income
$32,334
Median Earnings
$744
Median Rent
$111,800
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
- VoltEdge Automotive — 711 Union St, Crestline, OH 44827
- Accurate Auto Repair LLC — 305 E Main St, Crestline, OH 44827
- Keep it Rolling LLC: Roadside Assistance & Mobile Mechanic — 387 Clink Blvd, Crestline, OH 44827
- Action Tire Express & Service — 807 W Main St, Crestline, OH 44827
- Classics &Customs Body Shop — 807 W Main St, Crestline, OH 44827
Frequently Asked Questions
What type of property is this?
Auto shop - Remodeled auto shop building with five overhead doors, LED lighting, and an insulated work area under Local Business zoning.
Where is this auto shop located?
The property is located at 707 W Main Crestline, OH.
What is the asking price?
The asking price for this property is $169,900.
What are key features of this property?
This property features: 2,820 SF remodeled auto shop building; Five overhead doors for vehicle access; Three man doors
