Automotive Retail
For Sale
$1,500,000
11987 Dalton Road, Rockbridge, OH 43149
Commercial automotive property offered for sale in Hocking County, Ohio.
Property Size6,720 SF
Price / SF$223.21
Days on Market132
Property Features for 11987 Dalton Road
General Information
Standard status
Active
Size
6,720 SF
Property subtype
Warehouse
Taxes and HOA fees
Annual Taxes
$8,211
Building Details
Building Size
6,720 SF
Year Built
2022
Listing Agency:
Best Corporate Real Estate
Listed By:
Randy J Best · License #311236
(614) 397-8380
Source:
Camtaylor
Added: Apr 28
Changed: Sep 3
Last Checked: Sep 5 at 5:57AM
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 Best Corporate Real Estate
Investment Insights
Based on property information with market context.
This for-sale commercial automotive retail property is classified for automotive use, including auto shops and automotive properties. The listing is identified as a commercial real estate offering within the retail properties and spaces category.
The property is located in Hocking County, Ohio, at 11987 Dalton Road in Rockbridge, OH 43149.
Additional details regarding building size, layout, site improvements, or specific income/tenant information were not provided in the available listing data.
The property is located in Hocking County, Ohio, at 11987 Dalton Road in Rockbridge, OH 43149.
Additional details regarding building size, layout, site improvements, or specific income/tenant information were not provided in the available listing data.
Key Highlights
- Commercial automotive property for sale in Hocking County, Ohio
- Built in 2022
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
$78,079
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
5.21%
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%
$1,561,580
$1.6M
Cap Rate 7%
$1,115,414
$1.1M
Cap Rate 9%
$867,544
$867.5K
Market Conditions
NOI Build-Up for 6,720 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
$146.8K $21.84/SF
− Vacancy
−$35.2K −$5.24/SF
EGI
$111.5K $16.60/SF
− OpEx
−$33.5K −$4.98/SF
NOI
$78.1K $11.62/SF
Area
Hocking County, OH
Vacancy
24.00%
Lease Rate
$21.84 /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%
$1,561,580
Cap Rate 7%
$1,115,414
Cap Rate 9%
$867,544
Alternative Uses
Best Use
Industrial
$1.12M
$976.0K – $1.30M
NOI $78,079 @ 7.0% cap · market cap 5.21%
Second Best
Retail
$1.12M
$976.0K – $1.30M
NOI $78,079 @ 7.0% cap · market cap 5.21%
Theoretical Best
Warehouse
$1.35M
$1.19M – $1.58M
NOI $94,810 @ 7.0% cap · market cap 6.32%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
32
Businesses Nearby
1k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 100%
Don Wood Chrysler Dodge Jeep Ram
Shops & Services
1,115 visits/mo
0.5 miles
Demographics for 43149, OH
2,335
Population
1,125
Households
2.1
Avg Household Size
47
Median Age
21%
College-Educated
91%
High-School Grad
54.1 sq mi
ZIP Area
43
Density / Sq Mi
$57,004
Median Household Income
$46,918
Median Earnings
$1,113
Median Rent
$227,200
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
- Tansky Motors Inc Service — 11973 Dalton Road Rockbridge, Logan, OH 43149
- Don Wood Chrysler Dodge Jeep Ram — 27350 Darl Rd, Rockbridge, OH 43149
- Don Wood Chrysler Dodge Jeep Ram Service Center — 27350 Darl Rd, Rockbridge, OH 43149, United States
- Athens Tire And Wheel — 27350 Darl Rd, Rockbridge, OH 43149
Frequently Asked Questions
What type of property is this?
Auto shop - Commercial automotive property offered for sale in Hocking County, Ohio.
Where is this auto shop located?
The property is located at 11987 Dalton Road Rockbridge, OH.
What is the asking price?
The asking price for this property is $1,500,000.
What are key features of this property?
This property features: Commercial automotive property for sale in Hocking County, Ohio; Built in 2022
