Auto Shop with Overhead
For Sale
Contact for pricing
102 S Norton Street #A, Mount Vernon, OH 43050
The shop includes a street-facing overhead entry for vehicle access.
Property Size2,060 SF
Price / SF$1.70
Days on Market72
Property Features for 102 S Norton Street #A
General Information
Standard status
Active
Size
2,060 SF
Property subtype
Automotive
Amenities
overhead door entry
Listing Agency:
Live Well Home Group
Listed By:
Amber Herbster
(614) 300-5326
Source:
Livewellhomegrp
Added: Aug 20
Changed: Oct 28
Last Checked: Oct 28 at 3:51PM
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 Live Well Home Group
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 2,060-square-foot auto shop was previously used as a race shop and has an overhead door entry from S. Norton Street.
Key Highlights
- 2,060 square feet of auto shop space
- Overhead door entry from S. Norton Street
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$8,009
Suggested Prices Based on Cap Rates
Cap Rate 5%
$160,180
$160.2K
Cap Rate 7%
$114,414
$114.4K
Cap Rate 9%
$88,989
$89.0K
Market Conditions
NOI Build-Up for 2,060 SF
Gross rent
$11.9K $5.76/SF
− Vacancy
−$425 −$0.21/SF
EGI
$11.4K $5.55/SF
− OpEx
−$3.4K −$1.67/SF
NOI
$8.0K $3.89/SF
Area
Knox County, OH
Vacancy
3.58%
Lease Rate
$5.76 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$160,180
Cap Rate 7%
$114,414
Cap Rate 9%
$88,989
Alternative Uses
Best Use
Industrial
$120.9K
$105.8K – $141.1K
NOI $8,465 @ 7.0% cap · market cap 241.86%
Second Best
Retail
$114.4K
$100.1K – $133.5K
NOI $8,009 @ 7.0% cap · market cap 228.83%
Theoretical Best
Specialty Retail
$574.6K
$502.8K – $670.4K
NOI $40,222 @ 7.0% cap · market cap 1,149.20%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
905
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 43050, OH
29,594
Population
13,416
Households
2.2
Avg Household Size
42
Median Age
25%
College-Educated
93%
High-School Grad
154.1 sq mi
ZIP Area
192
Density / Sq Mi
$65,044
Median Household Income
$38,709
Median Earnings
$933
Median Rent
$199,000
Median Home Value
Market
Vacancy Rate% for Retail in Midwest region
Similar Off Market Nearby
- Joe's Garage — 3-1 Vanatta St, Mt Vernon, OH 43050
- Rays Automotive — 10 Mount Vernon Ave Ext, Mt Vernon, OH 43050
- The Service center — 7 Clay St, Mt Vernon, OH 43050
- Buckeye Auto Care, LLC Towing & Recovery — 613 S Main St, Mt Vernon, OH 43050
- Mid-Ohio Powersports, Inc. — 494 Harcourt Rd, Mt Vernon, OH 43050
Frequently Asked Questions
What type of property is this?
Auto shop - The shop includes a street-facing overhead entry for vehicle access.
Where is this auto shop located?
The property is located at 102 S Norton Street #A Mount Vernon, OH.
What are key features of this property?
This property features: 2,060 square feet of auto shop space; Overhead door entry from S. Norton Street
