Automotive Property with Service
New
For Sale
$3,975,000
1079 N Main St, Bowling Green, OH 43402
Two-building automotive property with dedicated signal access, substantial paved area, and commercial zoning for redevelopment.
Property Size25,595 SF
Days on Market6
Property Features for 1079 N Main St
General Information
Standard status
Active
Size
25,595 SF
Property subtype
Retail
Building Details
Building Size
25,595 SF
Year Built
1948
Listing Agency:
SVN | Ascension Commercial Realty
(419) 466-5501
Listed By:
Tim Schlachter, CCIM · License #OH #BRKP. 2017001584
(419) 466-5501
Source:
Svn-acre
Added: Aug 26
Changed: Aug 30
Last Checked: Aug 30 at 4:44PM
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 SVN | Ascension Commercial Realty
Investment Insights
Based on property information with market context.
The property includes 25,595 total SF across two buildings on a 3.82-acre commercial site. Improvements support automotive operations, with the dealership and service facility capable of being separated from the body shop. The site also includes 2.5 acres of asphalt, LED lighting, three pylon signs, fascia signage, and two curb cuts. One curb cut connects directly to a traffic signal. Equipment may be purchased separately from the real estate.
Positioned on N Main Street in Bowling Green, the property offers 328 feet of frontage along a major retail corridor with VPD 16,168 (24). A signalized intersection is located across from Kroger Marketplace and its fueling station. Commercial zoning supports redevelopment planning, and the site could be divided into two 1.9-acre parcels with signalized access to each parcel. The buildings date to 1948.
Positioned on N Main Street in Bowling Green, the property offers 328 feet of frontage along a major retail corridor with VPD 16,168 (24). A signalized intersection is located across from Kroger Marketplace and its fueling station. Commercial zoning supports redevelopment planning, and the site could be divided into two 1.9-acre parcels with signalized access to each parcel. The buildings date to 1948.
Key Highlights
- 25,595 total SF across 2 buildings on a 3.82‑acre commercial site
- Automotive dealership, service facility, and body shop configuration
- 2.5 acres of asphalt with LED lighting
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
$158,129
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
3.98%
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%
$3,162,580
$3.2M
Cap Rate 7%
$2,258,986
$2.3M
Cap Rate 9%
$1,756,989
$1.8M
Market Conditions
NOI Build-Up for 25,595 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
$242.6K $9.48/SF
− Vacancy
−$16.7K −$0.65/SF
EGI
$225.9K $8.83/SF
− OpEx
−$67.8K −$2.65/SF
NOI
$158.1K $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%
$3,162,580
Cap Rate 7%
$2,258,986
Cap Rate 9%
$1,756,989
Alternative Uses
Best Use
Industrial
$2.26M
$1.98M – $2.64M
NOI $158,129 @ 7.0% cap · market cap 3.98%
Second Best
Retail
$1.44M
$1.26M – $1.69M
NOI $101,135 @ 7.0% cap · market cap 2.54%
Theoretical Best
Office A
$5.96M
$5.22M – $6.96M
NOI $417,317 @ 7.0% cap · market cap 10.50%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
356
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 43402, OH
31,459
Population
14,784
Households
2.1
Avg Household Size
31
Median Age
45%
College-Educated
96%
High-School Grad
110.7 sq mi
ZIP Area
284
Density / Sq Mi
$56,245
Median Household Income
$26,393
Median Earnings
$875
Median Rent
$230,500
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
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- U-Haul Neighborhood Dealer — 1089 N Main St, Bowling Green, OH 43402
Frequently Asked Questions
What type of property is this?
Automotive property - Two-building automotive property with dedicated signal access, substantial paved area, and commercial zoning for redevelopment.
Where is this automotive property located?
The property is located at 1079 N Main St Bowling Green, OH.
What is the asking price?
The asking price for this property is $3,975,000.
What are key features of this property?
This property features: 25,595 total SF across 2 buildings on a 3.82‑acre commercial site; Automotive dealership, service facility, and body shop configuration; 2.5 acres of asphalt with LED lighting
