Flex and Automotive Service
For Sale
$260,000
3852 County Road 51 Galion, Galion, OH 44833
Connected shop, office, and high-bay storage with overhead doors, paint booth, and yard parking for equipment and fleet operations.
Property Size5,348 SF
Lot Size6.90 Acres
Price / SF$48.62
Days on Market46
Property Features for 3852 County Road 51 Galion
General Information
Standard status
Active
Size
5,348 SF
Lot size
6.90 Acres
Warehouse & Industrial
Clear Height
14 ft
Drive-In Doors
5
Taxes and HOA fees
Annual Taxes
$4,283
Amenities
No
Well
6.91
5348.0
Building Details
Building Size
5,348 SF
Stories
1
Listing Agency:
(614) 660-5959
Listed By:
Bernice Banquaio
(614) 660-5959
Source:
Movenowohio
Added: Jul 7
Changed: Aug 12
Last Checked: Aug 21 at 4:05AM
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 Bernice Banquaio
Investment Insights
Based on property information with market context.
Versatile commercial facility totaling 5,348± sq ft of connected shop, service, and office space on 6.9± acres. The main building includes a 1,972± sq ft high-bay section with 14 ft ceilings and two 12 ft commercial overhead doors, supported by 2,560± sq ft of attached shop space with two residential 2-car overhead doors and one single-car overhead door. Heating is provided by an oil furnace, and the property also includes a 384± sq ft paint booth plus 1,168± sq ft of integrated office space with two half baths, propane heat, and wall A/C. Outdoor and utility areas are supported by over an acre of graveled parking and yard space for fleet parking, materials, or contractor staging. Additional storage is available in a detached 2,160± sq ft pole building, and an older grain silo remains onsite.
Located at 3852 County Road 51 in Galion, Ohio, the site is suited for businesses that need direct, on-property work areas rather than relying on off-site storage. The overhead door configuration and fully connected footprint support day-to-day operations across shop, paint, and office functions.
This property is a practical fit for service, contractor, automotive, equipment, or mixed commercial uses that benefit from a high-bay work area, multiple overhead doors for vehicle and equipment access, and an on-site paint booth. The combination of office space, heated shop and office areas, and substantial yard and parking capacity can help consolidate operational needs on a single parcel, with additional detached storage for overflow.
Located at 3852 County Road 51 in Galion, Ohio, the site is suited for businesses that need direct, on-property work areas rather than relying on off-site storage. The overhead door configuration and fully connected footprint support day-to-day operations across shop, paint, and office functions.
This property is a practical fit for service, contractor, automotive, equipment, or mixed commercial uses that benefit from a high-bay work area, multiple overhead doors for vehicle and equipment access, and an on-site paint booth. The combination of office space, heated shop and office areas, and substantial yard and parking capacity can help consolidate operational needs on a single parcel, with additional detached storage for overflow.
Key Highlights
- 5,348± SF connected shop, service, and office facility on 6.91± acres
- Main 1,972± SF high‑bay section with 14 ft ceilings and two 12 ft commercial overhead doors
- Attached 2,560± SF shop area with two residential 2‑car overhead doors and one single‑car overhead door
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
$21,976
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
8.45%
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%
$439,520
$439.5K
Cap Rate 7%
$313,943
$313.9K
Cap Rate 9%
$244,178
$244.2K
Market Conditions
NOI Build-Up for 5,348 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
$34.3K $6.41/SF
− Vacancy
−$2.9K −$0.54/SF
EGI
$31.4K $5.87/SF
− OpEx
−$9.4K −$1.76/SF
NOI
$22.0K $4.11/SF
Area
Crawford 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 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%
$439,520
Cap Rate 7%
$313,943
Cap Rate 9%
$244,178
Alternative Uses
Best Use
Warehouse
$381.2K
$333.6K – $444.8K
NOI $26,685 @ 7.0% cap · market cap 10.26%
Second Best
Industrial
$313.9K
$274.7K – $366.3K
NOI $21,976 @ 7.0% cap · market cap 8.45%
Theoretical Best
Specialty Retail
$1.05M
$917.3K – $1.22M
NOI $73,387 @ 7.0% cap · market cap 28.23%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
14 ft
Clear height
5
Drive-in doors
Location Intelligence
Trade Area within ½ mile
14
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 44833, OH
16,786
Population
8,278
Households
2
Avg Household Size
44
Median Age
16%
College-Educated
91%
High-School Grad
90.4 sq mi
ZIP Area
186
Density / Sq Mi
$57,234
Median Household Income
$39,535
Median Earnings
$772
Median Rent
$127,700
Median Home Value
Market
Vacancy Rate% for Industrial in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Flex space - Connected shop, office, and high-bay storage with overhead doors, paint booth, and yard parking for equipment and fleet operations.
Where is this flex space located?
The property is located at 3852 County Road 51 Galion Galion, OH.
What is the asking price?
The asking price for this property is $260,000.
What are key features of this property?
This property features: 5,348± SF connected shop, service, and office facility on 6.91± acres; Main 1,972± SF high‑bay section with 14 ft ceilings and two 12 ft commercial overhead doors; Attached 2,560± SF shop area with two residential 2‑car overhead doors and one single‑car overhead door
