Turnkey Auto Shop with
For Sale
$199,900
601 Marietta Avenue Cambridge, Cambridge, OH 43725
Two-building turnkey operation with a showroom, mechanics bay, office, and radiant gas heat with a newer roof.
Property Size2,666 SF
Price / SF$74.98
Days on Market46
Property Features for 601 Marietta Avenue Cambridge
General Information
Standard status
Active
Size
2,666 SF
Additional Details
Business Included
Yes
Service Bays
1
Taxes and HOA fees
Annual Taxes
$1,383
Amenities
No
Public
0.43
2666.0
Building Details
Building Size
2,666 SF
Year Built
1940
Stories
1
Listing Agency:
(614) 660-5959
Listed By:
Joe Herban
(614) 660-5959
Source:
Movenowohio
Added: Jul 7
Changed: Aug 10
Last Checked: Aug 21 at 4:11AM
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 Joe Herban
Investment Insights
Based on property information with market context.
The property is set up as a turnkey automotive business with two buildings on-site. A 36' x 49' building provides additional space, while a 62' x 43' building includes a showroom, office, restroom, and a mechanics bay. The mechanics bay is equipped with an overhead chain hoist, and the building has been heated with radiant gas heaters. A new roof was installed approximately 5 years ago. The listing also notes that inventory transfers to the buyer, with the exception of the owner’s personal items, and that tools will transfer as well.
The buildings total approximately 2,666 sq ft of space in Cambridge, located at 601 Marietta Avenue, Cambridge, OH 43725. Additional on-site items referenced include counters, signs, a Herring and Hall safe, a 175,000 BTU furnace that is not hooked up, and a range of equipment and collectables included with the sale, with the inventory value estimated around $40,000 for collectables and tools.
This setup is well suited for an owner-operator or business buyer seeking a ready-to-run automotive workflow with dedicated front-facing showroom space, back-of-house service areas, and basic office and restroom accommodations. The mechanics bay and overhead hoist support in-shop service, while the radiant gas heating helps maintain operability in colder months.
The buildings total approximately 2,666 sq ft of space in Cambridge, located at 601 Marietta Avenue, Cambridge, OH 43725. Additional on-site items referenced include counters, signs, a Herring and Hall safe, a 175,000 BTU furnace that is not hooked up, and a range of equipment and collectables included with the sale, with the inventory value estimated around $40,000 for collectables and tools.
This setup is well suited for an owner-operator or business buyer seeking a ready-to-run automotive workflow with dedicated front-facing showroom space, back-of-house service areas, and basic office and restroom accommodations. The mechanics bay and overhead hoist support in-shop service, while the radiant gas heating helps maintain operability in colder months.
Key Highlights
- 0.43‑acre lot with two buildings totaling 2,666 SF; year built 1940
- 36' x 49' building with 1,764 SF
- 62' x 43' building (2,666 SF) with showroom, office, restroom, and mechanics bay
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
$10,955
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
5.48%
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%
$219,100
$219.1K
Cap Rate 7%
$156,500
$156.5K
Cap Rate 9%
$121,722
$121.7K
Market Conditions
NOI Build-Up for 2,666 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
$17.1K $6.41/SF
− Vacancy
−$1.4K −$0.54/SF
EGI
$15.7K $5.87/SF
− OpEx
−$4.7K −$1.76/SF
NOI
$11.0K $4.11/SF
Area
Guernsey 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%
$219,100
Cap Rate 7%
$156,500
Cap Rate 9%
$121,722
Alternative Uses
Best Use
Retail
$389.5K
$340.8K – $454.4K
NOI $27,265 @ 7.0% cap · market cap 13.64%
Second Best
Industrial
$156.5K
$136.9K – $182.6K
NOI $10,955 @ 7.0% cap · market cap 5.48%
Theoretical Best
Mixed Use
$619.7K
$542.2K – $723.0K
NOI $43,378 @ 7.0% cap · market cap 21.70%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
1
Service bays
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
578
Businesses Nearby
7k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 33%
Shops & Services 29%
Beauty & Spa 26%
Home Improvements & Furnishings 12%
Papa John's Pizza
Dining
2,234 visits/mo
0.5 miles
Merle Norman Cosmetic Studio
Beauty & Spa
1,750 visits/mo
0.5 miles
Cashland
Shops & Services
1,701 visits/mo
0.5 miles
Sherwin-Williams Paint Store
Home Improvements & Furnishings
813 visits/mo
0.5 miles
OneMain Financial
Shops & Services
235 visits/mo
0.5 miles
Demographics for 43725, OH
19,520
Population
9,667
Households
2
Avg Household Size
43
Median Age
17%
College-Educated
88%
High-School Grad
124.2 sq mi
ZIP Area
157
Density / Sq Mi
$51,612
Median Household Income
$35,781
Median Earnings
$789
Median Rent
$160,400
Median Home Value
Market
Vacancy Rate% for Retail in Midwest region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Cambridge Top Tech — 695 Southgate Pkwy, Cambridge, OH 43725
- Advanced Automotives — 902 Woodlawn Ave, Cambridge, OH 43725
- Patriot Automotive and Performance — 1205 Woodlawn Ave, Cambridge, OH 43725
- REED'S Top Tech — 695 Southgate Pkwy, Cambridge, OH 43725
- Dunning Ford Service — 1051 Southgate Pkwy, Cambridge, OH 43725
Frequently Asked Questions
What type of property is this?
Auto shop - Two-building turnkey operation with a showroom, mechanics bay, office, and radiant gas heat with a newer roof.
Where is this auto shop located?
The property is located at 601 Marietta Avenue Cambridge Cambridge, OH.
What is the asking price?
The asking price for this property is $199,900.
What are key features of this property?
This property features: 0.43‑acre lot with two buildings totaling 2,666 SF; year built 1940; 36' x 49' building with 1,764 SF; 62' x 43' building (2,666 SF) with showroom, office, restroom, and mechanics bay
