Auto Shop with Recent
237 Curtis St Delaware, OH
237 Curtis St, Delaware, OH, 00000
Contact for pricing
For Sale
Contact for pricing
M2 zoned auto shop with recent remodel for rent.
Property Size17,280 SF
Lot Size0.29 Acres
Price / SF$112.85
Days on Market679
Property Features for 237 Curtis St
General Information
- Standard status
- Active
- Size
- 17,280 SF
- Lot size
- 0.29 Acres
- Property subtype
- INDUSTRIAL
Listing Agency
Alterra Real Estate Advisors
(614) 327-4366
Listed by
Brad L Kitchen, SIOR
(614) 327-4366
Source
Moodyscre
Added: Sep 10, 2024 Checked: Jul 19 at 5:32 am
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 Alterra Real Estate Advisors
Investment Insights
Based on property information with market context.
This property, currently used as an auto repair and auto body shop, is zoned M2. Originally built in 1976, it was remodeled in 2022. The warehouse includes three 14' x 14' drive-in doors and one 9' x 10' drive-in door. Clear height ranges from 13' to 15'. The property features 3-phase power at 120/240, a Clean Burn Energy System with a waste oil burning furnace, and radiant and gas Reznor heaters in the warehouse. A paint booth is also included. Real estate taxes are $12,860 per year. This property presents a value-add investment opportunity.
Key Highlights
- Zoned M2, allowing for a wide range of industrial uses
- Remodeled in 2022
- Three 14'X14' drive‑in doors provide easy access
Local Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $99.5k | $5.76 |
| − Vacancy | −$3.6k | −$0.21 |
| EGI | $96.0k | $5.55 |
| − OpEx | −$28.8k | −$1.67 |
| NOI | $67.2k | $3.89 |
17,280 SF · lease $5.76/SF/yr · vacancy 3.58% · expense 30.00%
Alternative Uses
Best Use
Industrial
$2.87M
$2.51M – $3.35M
NOI $200,774 @ 7.0% cap · market cap 10.30%
Second Best
Retail
$959.7K
$839.7K – $1.12M
NOI $67,179 @ 7.0% cap · market cap 3.45%
Theoretical Best
Warehouse
$3.48M
$3.05M – $4.06M
NOI $243,797 @ 7.0% cap · market cap 12.50%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
BKM Construction LLC
Construction Company
Similar For Sale Nearby
Similar Off Market Nearby
- Precision Alignment & Tire Inc — 460 Curtis St, Delaware, OH 43015
- Bauerle Automotive — 223 Curtis St, Delaware, OH 43015
- MD Transmissions Ltd — 320 London Rd Ste 108, Delaware, OH 43015
- Exact Exhaust — 460 curtis st, delaware, oh 43015
- Heavy Metal Towing and Recovery — 320 London Rd STE D2, Delaware, OH 43015
FAQs
What type of property is this?
Auto shop - M2 zoned auto shop with recent remodel for rent.
Where is this auto shop located?
The property is located at 237 Curtis St Delaware, OH.
What is the asking price?
The asking price for this property is $1,950,000.
What are key features of this property?
This property features: Zoned M2, allowing for a wide range of industrial uses; Remodeled in 2022; Three 14'X14' drive‑in doors provide easy access
