Auto Shop with Overhead
1215 W North St, Springfield, OH 45504
For Sale
$150,000
The two-story layout includes a street-level work area and upstairs office space that could accommodate an apartment.
Property Size2,378 SF
Price / SF$63.08
Days on Market46
Property Features for 1215 W North St
General Information
Standard status
Size
Additional Details
Automotive Uses
Real Estate Included
Amenities
overhead door
storage
Building Details
Construction
Listing Agency:
Assist2Sell Your Home Listed/Sold
Listed By:
John Michael Hart
(937) 342-9092
Source:
Exprealty
Added: Sep 29
Changed: Nov 12
Last Checked: Nov 12 at 2:20PM
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 Assist2Sell Your Home Listed/Sold
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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 vacant auto shop contains 2,378 square feet and combines a ground-floor work area with an overhead door, storage, and an upstairs office. The office could also serve as an apartment. Exterior construction includes block and vinyl siding.
The property is located at 1215 W North St in Springfield, Ohio, along a corridor described as carrying busy traffic flow. The building is vacant and available for showings.
The property is located at 1215 W North St in Springfield, Ohio, along a corridor described as carrying busy traffic flow. The building is vacant and available for showings.
Key Highlights
- 2,378‑square‑foot auto shop
- Overhead door and storage area
- Upstairs office could be used as an apartment
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$9,772
Cap Rate
6.51%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$195,440
$195.4K
Cap Rate 7%
$139,600
$139.6K
Cap Rate 9%
$108,578
$108.6K
Market Conditions
NOI Build-Up for 2,378 SF
Gross rent
$15.2K $6.41/SF
− Vacancy
−$1.3K −$0.54/SF
EGI
$14.0K $5.87/SF
− OpEx
−$4.2K −$1.76/SF
NOI
$9.8K $4.11/SF
Area
Clark 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%
$195,440
Cap Rate 7%
$139,600
Cap Rate 9%
$108,578
Alternative Uses
Best Use
Industrial
$139.6K
$122.2K – $162.9K
NOI $9,772 @ 7.0% cap · market cap 6.51%
Second Best
Retail
$133.0K
$116.4K – $155.2K
NOI $9,309 @ 7.0% cap · market cap 6.21%
Theoretical Best
Specialty Retail
$663.3K
$580.4K – $773.9K
NOI $46,431 @ 7.0% cap
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
379
Businesses Nearby
58k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 71%
Dining 28%
Home Improvements & Furnishings 1%
Speedway
Shops & Services
21,953 visits/mo
0.1 miles
Tim Hortons
Dining
11,619 visits/mo
0.3 miles
Dairy Queen
Dining
4,386 visits/mo
0.5 miles
Sunoco
Shops & Services
3,990 visits/mo
0.2 miles
Shell
Shops & Services
3,369 visits/mo
0.3 miles
Demographics for 45504, OH
17,343
Population
7,100
Households
2.4
Avg Household Size
41
Median Age
27%
College-Educated
92%
High-School Grad
22.0 sq mi
ZIP Area
788
Density / Sq Mi
$67,334
Median Household Income
$38,813
Median Earnings
$889
Median Rent
$167,700
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in Midwest region
Similar Off Market Nearby
- A-1 Towing E Recovery — 750 Dayton Springfield Rd, Springfield, OH 45506
- J&K auto repair — 223 s western ave, springfield, oh 45506
- Wilmoth Truck / Trailer Repair — 233 Dayton Ave, Springfield, OH 45506
- Dayton Ave Used Tires — 233 Dayton Ave, Springfield, OH 45506
- Seat Cover King — 1505 W High St, Springfield, OH 45506
Frequently Asked Questions
What type of property is this?
Auto shop - The two-story layout includes a street-level work area and upstairs office space that could accommodate an apartment.
Where is this auto shop located?
The property is located at 1215 W North St Springfield, OH.
What is the asking price?
The asking price for this property is $150,000.
What are key features of this property?
This property features: 2,378‑square‑foot auto shop; Overhead door and storage area; Upstairs office could be used as an apartment
