Automotive Facility with
1127 Delaware Avenue, Marion, OH 43302
For Sale
New
$500,000
Showroom, service, and parts areas are in place, with additional commercial use options identified.
Property Size3,438 SF
Lot Size1.00 Acre
Price / SF$145.43
Days on Market3
Property Features for 1127 Delaware Avenue
General Information
Standard status
Size
Lot size
Property subtype
Site & Location
Highway Access
Road Access
Additional Details
Automotive Uses
Real Estate Included
Building Details
Building Size
Year Built
Buildings
Stories
Listing Agency:
Elford Realty, Inc
Listed By:
Andy Mills, SIOR, CCIM
(614) 582-5521
Source:
Elfordrealty
Added: Nov 8
Last Checked: Nov 8 at 2:03AM
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 Elford Realty, Inc
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This single-story automotive facility contains 3,438 square feet, with showroom, service, and parts areas. The parcel is approximately 1 acre and is to be divided before closing. Continued automotive use, medical office, retail, and other commercial uses are identified as options for the property.
The property fronts Delaware Avenue in an established commercial corridor with automotive dealerships, retailers, restaurants, and service businesses. OhioHealth Marion Medical Campus is directly across the road, and US-23 provides regional access. A former Honda dealership on an adjoining property is also offered for sale.
The property fronts Delaware Avenue in an established commercial corridor with automotive dealerships, retailers, restaurants, and service businesses. OhioHealth Marion Medical Campus is directly across the road, and US-23 provides regional access. A former Honda dealership on an adjoining property is also offered for sale.
Key Highlights
- 3,438‑square‑foot, single‑story automotive facility
- Approximately 1 acre; parcel division planned before closing
- Existing showroom, service, and parts facilities
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$14,127
Cap Rate
2.83%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$282,540
$282.5K
Cap Rate 7%
$201,814
$201.8K
Cap Rate 9%
$156,967
$157.0K
Market Conditions
NOI Build-Up for 3,438 SF
Gross rent
$22.0K $6.41/SF
− Vacancy
−$1.9K −$0.54/SF
EGI
$20.2K $5.87/SF
− OpEx
−$6.1K −$1.76/SF
NOI
$14.1K $4.11/SF
Area
Marion 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 Rate 5%
$282,540
Cap Rate 7%
$201,814
Cap Rate 9%
$156,967
Alternative Uses
Best Use
Industrial
$201.8K
$176.6K – $235.5K
NOI $14,127 @ 7.0% cap · market cap 2.83%
Second Best
Retail
$191.6K
$167.7K – $223.5K
NOI $13,412 @ 7.0% cap · market cap 2.68%
Theoretical Best
Office A
$694.0K
$607.3K – $809.7K
NOI $48,580 @ 7.0% cap · market cap 9.72%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
950
Businesses Nearby
78k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 56%
Shops & Services 41%
Electronics 3%
Speedway
Shops & Services
19,332 visits/mo
0.4 miles
Wendy's
Dining
15,694 visits/mo
0.3 miles
Burger King
Dining
10,364 visits/mo
0.2 miles
Arby's
Dining
9,293 visits/mo
0.4 miles
Taco Bell
Dining
8,190 visits/mo
0.3 miles
Demographics for 43302, OH
54,094
Population
22,483
Households
2.4
Avg Household Size
41
Median Age
13%
College-Educated
88%
High-School Grad
195.0 sq mi
ZIP Area
277
Density / Sq Mi
$53,833
Median Household Income
$36,816
Median Earnings
$853
Median Rent
$139,700
Median Home Value
Market
Vacancy Rate% for Retail in Midwest region
Similar Off Market Nearby
- U-Haul Neighborhood Dealer — 1445 Marion-Waldo Rd Unit 438, Marion, OH 43302
Frequently Asked Questions
What type of property is this?
Automotive property - Showroom, service, and parts areas are in place, with additional commercial use options identified.
Where is this automotive property located?
The property is located at 1127 Delaware Avenue Marion, OH.
What is the asking price?
The asking price for this property is $500,000.
What are key features of this property?
This property features: 3,438‑square‑foot, single‑story automotive facility; Approximately 1 acre; parcel division planned before closing; Existing showroom, service, and parts facilities
