Pickerington Automotive Services Building For
809 Refugee Rd Pickerington, OH
For Sale
Contact for pricing
5,772 SF automotive services building with new ten-year lease.
Property Size5,772 SF
Lot Size0.88 Acres
Price / SF$389.81
Days on Market614
Property Features for 809 Refugee Rd
General Information
Standard status
Active
Size
5,772 SF
Lot size
0.88 Acres
Property subtype
RETAIL
Listing Agency:
Capitol Equities Realty
(614) 760-5660
Listed By:
J.R. Kern
(614) 760-5660
Source:
Moodyscre
Added: Nov 22, 2024
Changed: Jul 6
Last Checked: Jul 21 at 6:17AM
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 Capitol Equities Realty
Investment Insights
Based on property information with market context.
This is a stand-alone, 5,772 SF automotive services building located in the Pickerington commercial corridor. The property is under a new, ten-year lease with SunAuto Tire & Service, a well-financed automotive services and tire operation. SunAuto Tire & Service has 485 locations nationwide with over 21 brands, including Boyd's Tire & Service. The property has a prime location at the intersection of Refugee and Hill Road, servicing the stable and growing Pickerington community. A new roof was installed in 2024.
Key Highlights
- New, ten‑year lease with SunAuto Tire & Service
- Stand‑alone, 5,772 SF automotive services building in a prime commercial corridor
- Tenant (SunAuto Tire & Service) has 485 locations nationwide with over 21 brands
Financial Insights For Industrial
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 | $126.1k | $21.84 |
| − Vacancy | −$30.3k | −$5.24 |
| EGI | $95.8k | $16.60 |
| − OpEx | −$28.7k | −$4.98 |
| NOI | $67.1k | $11.62 |
5,772 SF · lease $21.84/SF/yr · vacancy 24.00% · expense 30.00%
Alternative Uses
Best Use
Industrial
$958.1K
$838.3K – $1.12M
NOI $67,064 @ 7.0% cap · market cap 2.98%
Second Best
Retail
$317.2K
$277.6K – $370.1K
NOI $22,206 @ 7.0% cap · market cap 0.99%
Theoretical Best
Warehouse
$1.16M
$1.02M – $1.36M
NOI $81,435 @ 7.0% cap · market cap 3.62%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Similar Off Market Nearby
- A Bargain Move — 907 gray dr, pickerington, oh 43147
- Firestone Complete Auto Care — 1007 Refugee Rd, Pickerington, OH 43147
- Rutherford Auto Body — 601 Commerce Dr, Pickerington, OH 43147
- Midas — 921 Hill Rd N, Pickerington, OH 43147
- Valvoline Instant Oil Change — 893 Refugee Rd, Pickerington, OH 43147
Frequently Asked Questions
What type of property is this?
Auto shop - 5,772 SF automotive services building with new ten-year lease.
Where is this auto shop located?
The property is located at 809 Refugee Rd Pickerington, OH.
What is the asking price?
The asking price for this property is $2,250,000.
What are key features of this property?
This property features: New, ten‑year lease with SunAuto Tire & Service; Stand‑alone, 5,772 SF automotive services building in a prime commercial corridor; Tenant (SunAuto Tire & Service) has 485 locations nationwide with over 21 brands
