Automotive Repair Shop with 4
For Sale
$799,000
1105 N Main St, Fostoria, OH 44830
Operating service facility with equipment, inventory, and customer parking.
Property Size5,544 SF
Price / SF$144.12
Days on Market13
Property Features for 1105 N Main St
General Information
Standard status
Active
Size
5,544 SF
Financials
Asking Price
$799,000
Business Included
Yes
Additional Details
Service Bays
4
Building Details
Buildings
1
Listing Agency:
Key Realty LTD
(419) 777-5391
Listed By:
Michael E. Brown
(419) 367-1955
Source:
Exprealty
Added: Aug 28
Changed: Sep 8
Last Checked: Sep 8 at 2:48PM
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 Key Realty LTD
Investment Insights
Based on property information with market context.
The sale includes an operating automotive repair and service business along with its real estate, equipment, and inventory. The 5,544-square-foot facility at 1105 N Main St in Fostoria, Ohio, is arranged for automotive service work and includes 4 lifts. Multiple parcels and a large parking area support access for customers, employees, and vendors.
The property provides an established setting for continued repair and maintenance operations, with professional shop tooling and infrastructure already in place. Personal tools are excluded from the sale. Showings are available by appointment only, and prospective parties must follow the stated site-contact and confidentiality requirements.
The property provides an established setting for continued repair and maintenance operations, with professional shop tooling and infrastructure already in place. Personal tools are excluded from the sale. Showings are available by appointment only, and prospective parties must follow the stated site-contact and confidentiality requirements.
Key Highlights
- 5,544‑square‑foot automotive repair facility
- Sale includes real estate, equipment, and inventory
- 4 lifts support automotive service operations
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
$22,781
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
2.85%
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%
$455,620
$455.6K
Cap Rate 7%
$325,443
$325.4K
Cap Rate 9%
$253,122
$253.1K
Market Conditions
NOI Build-Up for 5,544 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
$35.5K $6.41/SF
− Vacancy
−$3.0K −$0.54/SF
EGI
$32.5K $5.87/SF
− OpEx
−$9.8K −$1.76/SF
NOI
$22.8K $4.11/SF
Area
Seneca County, OH
Vacancy
8.42%
Lease Rate
$6.41 /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%
$455,620
Cap Rate 7%
$325,443
Cap Rate 9%
$253,122
Alternative Uses
Best Use
Industrial
$325.4K
$284.8K – $379.7K
NOI $22,781 @ 7.0% cap · market cap 2.85%
Second Best
Retail
$324.0K
$283.5K – $378.0K
NOI $22,679 @ 7.0% cap · market cap 2.84%
Theoretical Best
Office A
$1.18M
$1.03M – $1.37M
NOI $82,292 @ 7.0% cap · market cap 10.30%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
4
Service bays
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
128
Businesses Nearby
15k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 100%
Dollar Tree
Shops & Services
8,596 visits/mo
0.4 miles
Dollar General
Shops & Services
6,441 visits/mo
0.4 miles
Demographics for 44830, OH
18,442
Population
8,231
Households
2.2
Avg Household Size
41
Median Age
12%
College-Educated
91%
High-School Grad
118.4 sq mi
ZIP Area
156
Density / Sq Mi
$61,589
Median Household Income
$38,905
Median Earnings
$770
Median Rent
$109,900
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
- Holman's Garage Llc — 354 W South St, Fostoria, OH 44830
- South Side Auto Services — 148 E South St, Fostoria, OH 44830
- Burns Auto Repair — 142 E Tiffin St, Fostoria, OH 44830
- A Plus Auto Center LLC — 146 E Crocker St, Fostoria, OH 44830
Frequently Asked Questions
What type of property is this?
Auto shop - Operating service facility with equipment, inventory, and customer parking.
Where is this auto shop located?
The property is located at 1105 N Main St Fostoria, OH.
What is the asking price?
The asking price for this property is $799,000.
What are key features of this property?
This property features: 5,544‑square‑foot automotive repair facility; Sale includes real estate, equipment, and inventory; 4 lifts support automotive service operations
