Automotive Building on High-Traffic
For Sale
Contact for pricing
6050 E Livingston Avenue, Columbus, OH 43232
Turnkey automotive repair shop with six service bays.
Property Size3,598 SF
Lot Size0.26 Acres
Price / SF$208.45
Days on Market568
Property Features for 6050 E Livingston Avenue
General Information
Standard status
Active
Size
3,598 SF
Lot size
0.26 Acres
Property subtype
Mixed Use, Retail
Occupancy
100%
Building Details
Year Built
1966
Listing Agency:
Coldwell Banker Realty
Listed By:
Sinan Falah · License #2019007692
(614) 432-5955
Source:
Crexi
Added: Feb 12, 2025
Changed: Aug 27
Last Checked: Aug 31 at 6:31AM
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 Coldwell Banker Realty
Investment Insights
Based on property information with market context.
This automotive building is located on East Livingston Avenue, approximately 3,000 feet from the I-70/Brice Road Interchange. The building offers 3,600 square feet of space on an 11,500 square foot paved lot. The facility includes six service bays, divided into three on each side of a centrally located, air-conditioned reception and office area. The shop is heated with waste oil and secured by a fully installed security system. The property comes equipped with four hydraulic lifts, air compressors, a shop computer with diagnostics, an office computer, and essential automotive repair equipment. This property is suited for expanding an existing operation or starting a new repair shop in a high-traffic location.
Key Highlights
- High‑traffic location on East Livingston Avenue, near I‑70/Brice Road Interchange, providing excellent visibility and accessibility.
- Turnkey automotive repair shop, fully equipped with four hydraulic lifts, air compressors, shop computer with diagnostics, office computer, and essential automotive repair equipment.
- 3,600 sq. ft. building on an 11,500 sq. ft. paved lot.
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
$41,481
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
5.53%
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%
$829,620
$829.6K
Cap Rate 7%
$592,586
$592.6K
Cap Rate 9%
$460,900
$460.9K
Market Conditions
NOI Build-Up for 3,598 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
$64.8K $18.00/SF
− Vacancy
−$5.5K −$1.53/SF
EGI
$59.3K $16.47/SF
− OpEx
−$17.8K −$4.94/SF
NOI
$41.5K $11.53/SF
Area
Columbus, OH
Vacancy
8.50%
Lease Rate
$18.00 /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%
$829,620
Cap Rate 7%
$592,586
Cap Rate 9%
$460,900
Alternative Uses
Best Use
Retail
$592.6K
$518.5K – $691.4K
NOI $41,481 @ 7.0% cap · market cap 5.53%
Second Best
Industrial
$203.2K
$177.8K – $237.1K
NOI $14,227 @ 7.0% cap · market cap 1.90%
Theoretical Best
Office A
$749.8K
$656.1K – $874.8K
NOI $52,489 @ 7.0% cap · market cap 7.00%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
711
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 43232, OH
44,823
Population
20,211
Households
2.2
Avg Household Size
35
Median Age
18%
College-Educated
86%
High-School Grad
12.4 sq mi
ZIP Area
3,615
Density / Sq Mi
$50,599
Median Household Income
$37,156
Median Earnings
$1,048
Median Rent
$152,700
Median Home Value
Market
Vacancy Rate% for Retail in Columbus, OH
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Auto shop - Turnkey automotive repair shop with six service bays.
Where is this auto shop located?
The property is located at 6050 E Livingston Avenue Columbus, OH.
What is the asking price?
The asking price for this property is $750,000.
What are key features of this property?
This property features: High‑traffic location on East Livingston Avenue, near I‑70/Brice Road Interchange, providing excellent visibility and accessibility.; Turnkey automotive repair shop, fully equipped with **four hydraulic lifts, air compressors, shop computer with diagnostics, office computer**, and essential automotive repair equipment.; 3,600 sq. ft. building on an 11,500 sq. ft. paved lot.
