Building Details

Building Size 6,720 SF

Year Built 2022

Listing Agency: Best Corporate Real Estate

Listed By: Randy J Best · License #311236 Show Phone

Source: Camtaylor

Added: Apr 28 Changed: Oct 16 Last Checked: Oct 21 at 6:16AM

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Review the available facts, identify missing information and prepare questions for the agent.

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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.

Key Highlights

• Commercial automotive property for sale in Hocking County, Ohio
• Built in 2022

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$78,079

Cap Rate

3.91%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,561,580 $1.6M

Cap Rate 7%

$1,115,414 $1.1M

Cap Rate 9%

$867,544 $867.5K

Is this asking price fair?

Market Conditions

NOI Build-Up for 6,720 SF

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 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 (±1% cap)

NOI $78,079 @ 7.0% cap · market cap 3.91%

Second Best

Retail

$1.12M

$976.0K – $1.30M (±1% cap)

NOI $78,079 @ 7.0% cap · market cap 3.91%

Theoretical Best

Warehouse

$1.35M

$1.19M – $1.58M (±1% cap)

NOI $94,810 @ 7.0% cap · market cap 4.75%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Current Use

Auto shops

Suggested Use

Top Pick Electrical Service Hair Salon Cafe & Coffee Shop Real Estate Agency Auto Parts Store Bed & Breakfast

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

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

8% 2020

7.3% 2021

6.5% 2022

6% 2023

5.7% 2024

6.3% 2025

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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 $1,995,000.

What are key features of this property?

This property features: Commercial automotive property for sale in Hocking County, Ohio; Built in 2022