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    544 W High St Edison, OH 43320

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    For Sale
    $1,099,000

    9,966 SF commercial property on 5.16 acres in Edison, Ohio.

    Building Details

    Year built
    1978

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    Listing Contact
    John Mally
    John Mally
    Source: Ohioequities

    Listing Agency: NAI Ohio Equities, Realtors Listing Agent: John Mally

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Overview

    Edison, Ohio Commercial Property

    Located in Edison, Ohio, this 9,966 SF commercial property on 5.16 acres presents an investment or owner-user opportunity. Originally constructed in 1978 and renovated in 1996, the property has operated as a used car dealership and automotive service facility. The building includes a 4,950 SF service area with 14'–16' ceiling heights, 12 drive-through bays, and 14 drive-in doors (8 at 10' and 4 at 12'). It is equipped with four auto lifts—two rated at 7,000 lbs., one at 12,000 lbs., and one at 14,000 lbs. The property features a showroom and waiting area large enough to park vehicles inside, as well as five offices. The 45,000 SF asphalt lot provides parking and display space, while the remaining acreage allows for future development. The site has room for additional buildings, outdoor storage, or complementary commercial uses. The property is serviced with city sewer and Delco water. The site is positioned adjacent to an active CSX Transportation rail line, providing potential for rail-served uses. The location benefits from local traffic and is minutes from Mount Gilead. Over 7,500 cars pass daily along State Route 95 (High St). The property has convenient access to I-71 and U.S. 23.
    Location Intelligence

    Current Use by Public Records

    Mowery Motors Car Dealership

    Suggested Use

    Restaurant Real Estate Agency Spa & Massage Center Auto Repair Shop Hair Salon Nail Salon Gym & Fitness Center Auto Parts Store Kitchen & Bath Showroom Food Market

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    U-Haul Neighborhood Dealer

    Location Insight

    • Map
    • Local Demand
    City
    Edison
    County
    Morrow
    State
    Ohio
    Longitude
    -82.8666491
    Latitude
    40.5570145

    FAQs

    What type of property is this?
    Automotive property - 9,966 SF commercial property on 5.16 acres in Edison, Ohio.
    Where is this automotive property located?
    The property is located at 544 W High St Edison, OH.
    What is the asking price?
    The asking price for this property is $1,099,000.
    What are key features of this property?
    This property features: - 5.16 acres total land with 45,000 SF asphalt lot offers significant expansion, outdoor storage, parking, display, or new development potential.; - Direct adjacency to an active CSX rail line provides rare rail-served potential and multimodal access.; - The 4,950 SF service area features 12 drive-through bays, 14 drive-in doors, and 14’–16’ ceilings.
    (614) 629-5254
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    544 W High St Edison, OH 43320
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    Edison, OH 43320
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    544 W High St Edison, OH 43320
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    We can help!
    Listing Contact
    John Mally
    John Mally
    Real Estate License ID: 2013004679
    (614) 629-5254 (614) 570-7804 (614) 224-2400
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