Building Details

Year Built 1894

Buildings 1

Listing Agency: BHHS Koehler Realty

Listed By: James Koehler (jck2@aol.com)

Source: Harmonyrealtygroupllc

Added: Sep 1 Last Checked: Sep 7 at 9:37AM

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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 BHHS Koehler Realty

Investment Insights

Based on property information with market context.

This automotive repair facility includes a 5,600-square-foot commercial building configured with four service bays and three vehicle lifts. The lift package consists of one four-post unit and two two-post units. Included equipment includes a Hunter alignment machine, Snap-on Zeus diagnostic scanner, Snap-on tire changer, Snap-on A/C service machine, Coats wheel balancer, Huth tubing bender, and Yale tow motor. The operating business, inventory, and equipment are included, supporting continued automotive repair and maintenance operations.

The property at 101 E Main St in Wayne, Ohio, was built in 1894 and includes a rented two-bedroom apartment that provides an additional income stream. The business has operated at the property since 1999 and is currently run by the owner and one employee. The owner is willing to provide transition training and support.

Key Highlights

• 5,600‑square‑foot commercial facility with four service bays
• Three vehicle lifts: one four‑post and two two‑post
• Includes Hunter alignment machine and Snap‑on diagnostic equipment

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

$34,597

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

5.32%

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%

$691,940 $691.9K

Cap Rate 7%

$494,243 $494.2K

Cap Rate 9%

$384,411 $384.4K

Market Conditions

NOI Build-Up for 5,600 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

$53.1K $9.48/SF

− Vacancy

−$3.7K −$0.65/SF

EGI

$49.4K $8.83/SF

− OpEx

−$14.8K −$2.65/SF

NOI

$34.6K $6.18/SF

Area

Wood County, OH

Vacancy

6.90%

Lease Rate

$9.48 /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%

$691,940

Cap Rate 7%

$494,243

Cap Rate 9%

$384,411

Alternative Uses

Best Use

Industrial

$494.2K

$432.5K – $576.6K (±1% cap)

NOI $34,597 @ 7.0% cap · market cap 5.32%

Second Best

Retail

$316.1K

$276.6K – $368.8K (±1% cap)

NOI $22,128 @ 7.0% cap · market cap 3.40%

Theoretical Best

Office A

$1.30M

$1.14M – $1.52M (±1% cap)

NOI $91,306 @ 7.0% cap · market cap 14.05%

Zoning and permitted uses should be independently verified with authorities.

Property Analytics

Property Profile

Current Use

A-Tech Automotive (Bike/Boat/Book/etc) Store United States Postal ... Post Office

Suggested Use

Top Pick HVAC Service Auto Parts Store Grocery & Convenience Store (Bike/Boat/Book/etc) Store Bakery Auto Repair Shop

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

4

Service bays

Turnkey business

Opportunity

Location Intelligence

Trade Area within ½ mile

37

Businesses Nearby

Well-served

Demand for This Use

Explore this area Business Placement

Demographics for 43466, OH

2,141

Population

914

Households

2.3

Avg Household Size

40

Median Age

15%

College-Educated

97%

High-School Grad

28.3 sq mi

ZIP Area

76

Density / Sq Mi

$84,514

Median Household Income

$42,963

Median Earnings

$1,091

Median Rent

$166,000

Median Home Value

Market

Vacancy Rate% for Retail in Midwest region

8% 2020

7.3% 2021

6.5% 2022

6% 2023

5.7% 2024

6.3% 2025

Questions? Ask Rey

Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

What type of property is this? Where is this auto shops located? What is the asking price? Find similar properties What are key features of this property?

Similar Off Market Nearby

• A-Tech Automotive — 101 E Main St, Wayne, OH 43466

Frequently Asked Questions

What type of property is this?

Auto shop - Operating repair facility with specialized equipment, multiple lifts, and an additional rented apartment.

Where is this auto shop located?

The property is located at 101 E Main St Wayne, OH.

What is the asking price?

The asking price for this property is $649,900.

What are key features of this property?

This property features: 5,600‑square‑foot commercial facility with four service bays; Three vehicle lifts: one four‑post and two two‑post; Includes Hunter alignment machine and Snap‑on diagnostic equipment