Auto Repair Shop with Service
For Sale
$575,000
1 Dennison Yard Circle, Dennison, OH 44621
Commercial-zoned property includes the building, equipment, business, offices, reception space, and workshop improvements.
Property Size4,000 SF
Price / SF$143.75
Days on Market136
Property Features for 1 Dennison Yard Circle
General Information
Standard status
Active
Size
4,000 SF
Property subtype
Commercial
Zoning
Commercial
Additional Details
Business Included
Yes
Service Bays
5
Taxes and HOA fees
Annual Taxes
$2,470
Amenities
offices
bathrooms
reception area
work station
waiting area
electric furnace
central air
overhead doors
oil furnace
400 amp electric
Building Details
Year Built
2004
Buildings
1
Stories
2
Construction
steel sided pole building
Abandoned
No
Listing Agency:
McInturf Realty
(330) 343-7603
Listed By:
Jan A McInturf · License #314352
(330) 343-7603
Source:
Carolgoffrealestate
Added: Apr 17
Changed: Aug 30
Last Checked: Aug 30 at 6:25AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of McInturf Realty
Investment Insights
Based on property information with market context.
The sale includes an auto repair business, its equipment, and a 4,000 square foot steel-sided pole building completed in 2004. The layout combines offices, reception and waiting areas, a service workshop, and 2 bathrooms. A second-floor office measures 12 X 10, while office areas have an electric furnace and central air. The workshop is heated by an oil furnace and includes 5 lifts, including 1 truck lift, along with 5 overhead doors measuring 14' each. Electrical service is 400 amp.
The property is located at 1 Dennison Yard Circle in Dennison, Ohio, and carries Commercial zoning. The existing configuration provides dedicated administrative, customer-facing, and repair areas within one facility.
The property is located at 1 Dennison Yard Circle in Dennison, Ohio, and carries Commercial zoning. The existing configuration provides dedicated administrative, customer-facing, and repair areas within one facility.
Key Highlights
- 4,000 square foot steel‑sided pole building completed in 2004
- Sale includes the auto repair business, equipment, and building
- Workshop includes 5 lifts, including 1 truck lift
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
$29,676
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
5.16%
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%
$593,520
$593.5K
Cap Rate 7%
$423,943
$423.9K
Cap Rate 9%
$329,733
$329.7K
Market Conditions
NOI Build-Up for 4,000 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
$44.2K $11.04/SF
− Vacancy
−$1.8K −$0.44/SF
EGI
$42.4K $10.60/SF
− OpEx
−$12.7K −$3.18/SF
NOI
$29.7K $7.42/SF
Area
Tuscarawas County, OH
Vacancy
4.00%
Lease Rate
$11.04 /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%
$593,520
Cap Rate 7%
$423,943
Cap Rate 9%
$329,733
Alternative Uses
Best Use
Retail
$423.9K
$371.0K – $494.6K
NOI $29,676 @ 7.0% cap · market cap 5.16%
Second Best
Industrial
$187.5K
$164.1K – $218.7K
NOI $13,124 @ 7.0% cap · market cap 2.28%
Theoretical Best
Office A
$745.4K
$652.2K – $869.6K
NOI $52,178 @ 7.0% cap · market cap 9.07%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
5
Service bays
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
1
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 44621, OH
4,606
Population
1,992
Households
2.3
Avg Household Size
40
Median Age
13%
College-Educated
90%
High-School Grad
32.1 sq mi
ZIP Area
143
Density / Sq Mi
$55,000
Median Household Income
$35,777
Median Earnings
$825
Median Rent
$119,100
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.
Frequently Asked Questions
What type of property is this?
Auto shop - Commercial-zoned property includes the building, equipment, business, offices, reception space, and workshop improvements.
Where is this auto shop located?
The property is located at 1 Dennison Yard Circle Dennison, OH.
What is the asking price?
The asking price for this property is $575,000.
What are key features of this property?
This property features: 4,000 square foot steel‑sided pole building completed in 2004; Sale includes the auto repair business, equipment, and building; Workshop includes 5 lifts, including 1 truck lift
