Commercial Land with Service
1250 Collins Road NW Lancaster, OH 43130
New
For Sale
$750,000
2.43-acre commercial lot with a centrally located building featuring three garage bays, office space, and a bathroom.
Property Size2,600 SF
Lot Size2.43 Acres
Price / SF$288.46
Days on Market3
Property Features for 1250 Collins Road NW
General Information
- Standard status
- Active
- Size
- 2,600 SF
- Lot size
- 2.43 Acres
- Property subtype
- Commercial
Building Details
- Year Built
- 1980
Listing Agency:
CRT, Realtors
(740) 654-5552
Listed By:
Gary Mader · License #666500761
Source:
Carletonrealty
Added: Jul 22
Changed: Jul 23
Last Checked: Jul 23 at 3:02AM
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 CRT, Realtors
Investment Insights
Based on property information with market context.
This for-sale property offers 2.43 acres of commercial land with a large front and back lot. A commercial building sits in the middle of the property and is described as clean and well maintained, totaling 2,600 square feet and including three garage bays, a bathroom, and office space.
The property was recently utilized as a used car/wholesale lot. Current setup is for automotive detail and repair, and the space is described as convertible to fit other needs.
Site layout includes substantial room on both the front and back portions of the property, supporting flexibility for storage, fleet operations, a service garage, or other uses consistent with the existing commercial improvements.
The property was recently utilized as a used car/wholesale lot. Current setup is for automotive detail and repair, and the space is described as convertible to fit other needs.
Site layout includes substantial room on both the front and back portions of the property, supporting flexibility for storage, fleet operations, a service garage, or other uses consistent with the existing commercial improvements.
Key Highlights
- 2.43‑acre commercial property with a large front and back lot
- Centrally located 2,600 SF commercial building with 3 garage bays, a bathroom, and office space
- Building currently set up for automotive detail and repair, with potential to be converted to suit needs
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 | $56.8k | $21.84 |
| − Vacancy | −$13.6k | −$5.24 |
| EGI | $43.2k | $16.60 |
| − OpEx | −$12.9k | −$4.98 |
| NOI | $30.2k | $11.62 |
2,600 SF · lease $21.84/SF/yr · vacancy 24.00% · expense 30.00%
Alternative Uses
Best Use
Industrial
$431.6K
$377.6K – $503.5K
NOI $30,209 @ 7.0% cap · market cap 4.03%
Second Best
Retail
$142.9K
$125.0K – $166.7K
NOI $10,003 @ 7.0% cap · market cap 1.33%
Theoretical Best
Warehouse
$524.0K
$458.5K – $611.4K
NOI $36,682 @ 7.0% cap · market cap 4.89%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Resto Fab
Auto Repair Shop
Bid On Cars Lancaster
Car Dealership
FAQs
What type of property is this?
Commercial land - 2.43-acre commercial lot with a centrally located building featuring three garage bays, office space, and a bathroom.
Where is this commercial land located?
The property is located at 1250 Collins Road NW Lancaster, OH.
What is the asking price?
The asking price for this property is $750,000.
What are key features of this property?
This property features: 2.43‑acre commercial property with a large front and back lot; Centrally located 2,600 SF commercial building with 3 garage bays, a bathroom, and office space; Building currently set up for automotive detail and repair, with potential to be converted to suit needs
