Auto Shop with Service
For Sale
$575,000
1 Dennison Yard Circle, Dennison, OH 44621
CommercialSale, Dennison, OH
Property Size4,000 SF
Lot Size0.99 Acres
Price / SF$143.75
Days on Market128
Property Features for 1 Dennison Yard Circle
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning description
Commercial
Elementary school district
Claymont CSD - 7901
Middle school district
Claymont CSD - 7901
High school district
Claymont CSD - 7901
Directions
Center Street to South 3rd Street, turn left onto Logan Street and follow to Dennison Yard Circle.
Standard status
Active
APN
4201631001
Lot size
0.99 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
SEC 31 36 .986A EXCEPT OIL GAS AND MINERALS
Tax Annual Amount
2470
Legal Description
SEC 31 36 .986A EXCEPT OIL GAS AND MINERALS
Utilities
Sewer type
Public Sewer
Heating system
Electric (Heating), Oil, Forced Air
Cooling system
Central Air
Water source
Public
Amenities
offices
service area
bathrooms
reception area
work station
waiting area
electric furnace
central air
oil furnace
400 amp electric
Building Details
Year built
2004
Roof type
Asphalt
Listing Agency:
McInturf Realty
(330) 364-6648
Listed By:
Jan A McInturf · License #314352
(330) 343-7603
Added: Apr 17
Changed: Aug 20
Last Checked: Aug 22 at 10:06PM
MLS# 5203309
Copyright © 2026 MLS Now. 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 shop includes a 4,000-square-foot steel-sided pole building with office space, reception and waiting areas, a service workshop, and two bathrooms. The workshop contains five 14-foot overhead doors and five lifts, including one truck lift. A second-floor office measures 12 X 10, while the office areas have electric furnace heating and central air. The shop is served by an oil furnace, and the property has 400 amp electric service.
The sale includes the building, equipment, and operating business. The approximately 0.986-acre property is served by public water and public sewer. Built in 2004, the building has an asphalt roof and dedicated areas for customer reception, administrative work, vehicle service, and storage.
The sale includes the building, equipment, and operating business. The approximately 0.986-acre property is served by public water and public sewer. Built in 2004, the building has an asphalt roof and dedicated areas for customer reception, administrative work, vehicle service, and storage.
Key Highlights
- 4,000 square feet in a steel‑sided pole building built in 2004
- Five 14‑foot overhead doors and five lifts, including one truck lift
- Building, equipment, and operating business included in the sale
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
144
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.
Similar Off Market Nearby
- Northside Auto Repair ( NAPA AUTO CARE CENTER ) — 1 Dennison Yard Cir, Dennison, OH 44621
- Dave's Auto Body — 425 Grant St, Dennison, OH 44621
- The Wright Chop Shop — 583 Creek St, Uhrichsville, OH 44683
Frequently Asked Questions
What type of property is this?
Auto shop - Steel-sided facility includes offices, reception, lifts, and a workshop with overhead doors.
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 feet in a steel‑sided pole building built in 2004; Five 14‑foot overhead doors and five lifts, including one truck lift; Building, equipment, and operating business included in the sale
