Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Fitness Center and Tanning Business Title is generated by Realmo AI

    1280 Indiana Avenue, Saint Marys, OH 45885

    View on Map
    Claim this Listing
    For Sale
    $265,000

    COMMERCIAL - Saint Marys, OH

    Property size:
    8,000 SF
    Price / SF:
    $33/SF
    Added:
    Oct 8, 2024
    Days on Market:
    603
    Last Refresh:
    Jun 2 at 6:06 am

    Property Features for 1280 Indiana Avenue

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Parking features
    Parking Lot
    Security features
    Security System
    Standard status
    Active
    APN
    0000000000
    Size
    8,000 SF

    Taxes and HOA fees

    Tax Year
    2025

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Forced Air
    Cooling system
    Central Air

    Building Details

    Year built
    1994
    Building materials
    Brick

    We can help!

    Listing Contact
    Desiree Gehle

    Listing agent Desiree Gehle

    Listing office Gray Realty, LLC 909 N Main Street, Springboro, OH

    Listing date Oct 8, 2024

    MLS# 1034902

    Copyright © 2026 West Metro Board of REALTORS®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Includes a fully operational tanning salon (Royal Paradise Tanning LLC) with 9 beds, featuring spray booth, stand‑up, Red Light therapy and lay‑downs.
    • Turnkey fitness facility with over 50 pieces of equipment ready for immediate use.
    • Features an open space concept ideal for fitness classes, complete with soft turf and 5 heavy punching bags.
    • Newly remodeled with updated ceiling fans, light fixtures, and 15 TVs.
    • Includes laundry room.
    • Located in a brick building built in 1994 with central air and parking lot.

    Overview

    This commercial property in Saint Marys, Ohio, offers an investment opportunity in the fitness industry. The 8,000 square foot facility features an open space concept suitable for fitness classes, including a soft turf area and five heavy punching bags for boxing or MMA activities. The newly remodeled location includes updated ceiling fans and light fixtures, along with 15 TVs and a laundry room. The property contains over 50 pieces of equipment. Included in the sale is Royal Paradise Tanning LLC, located at the back of the facility, which features a total of nine beds, including a spray booth, stand-up tanning bed, red light therapy, and traditional lay-down tanning beds. The property is located at 1280 Indiana Avenue, Saint Marys.
    Location Intelligence

    Current Use by Public Records

    Sears Heating and Air ... HVAC Service Snap Fitness St. ... Gym & Fitness Center

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

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

    Similar Places Nearby

    • Young Guardians MMA — 1238 Indiana Ave, St Marys, OH 45885
    • Organic Flow Wellness — 101 N Front St, St Marys, OH 45885
    • Snap Fitness St. Marys — 1280 Indiana Ave, St Marys, OH 45885

    Location Insight

    • Map
    • Local Demand
    City
    Saint Marys
    County
    Auglaize
    State
    Ohio
    Longitude
    -84.406855
    Latitude
    40.555321

    Nearby Similar for Sale

    • $250,000
      7,644 SF

      Versatile Commercial Property in Saint Marys

      7,600+ sq ft commercial property suitable for various ventures.
      510 Clinton Street, Saint Marys, OH 45885
      View Details
    • $200,000
      2,558 SF

      Saint Marys Bar & Grill

      Full-service restaurant and bar with license, equipment, and inventory.
      1040 S Wayne Street, Saint Marys, OH 45885
      View Details
    • $349,900
      3,216 SF

      Four-Unit Multifamily Investment Opportunity

      Two duplexes, four units, strong rental potential in St. Marys, OH.
      343 Defiance Road, Saint Marys, OH 45885
      View Details
    • $250,000
      3,131 SF

      Historic Georgian Home For Sale

      Iconic St. Marys property with historic charm and modern updates.
      405 E Spring Street, Saint Marys, OH 45885
      View Details
    • $249,900
      7,730 SF

      Unique Mixed-Use Property, Saint Marys

      Unique mixed-use property with original woodwork and parking lot.
      518 Jackson Street, Saint Marys, OH 45885
      View Details
    • $250,000
      4,264 SF

      Former Bank Building in Downtown

      Versatile commercial building in downtown Saint Marys, Ohio.
      125 W Spring Street, Saint Marys, OH 45885
      View Details
    • $60,000
      1,918 SF

      Saint Marys Duplex Investment Opportunity

      Duplex with long-term tenants, immediate rental income potential.
      731 Columbia Street, Saint Marys, OH 45885
      View Details

    FAQs

    What type of property is this?
    Fitness center & gym - Fitness facility with tanning business for sale in Saint Marys.
    Where is this fitness center & gym located?
    The property is located at 1280 Indiana Avenue Saint Marys, OH.
    What is the asking price?
    The asking price for this property is $265,000.
    What are key features of this property?
    This property features: Includes a fully operational tanning salon (Royal Paradise Tanning LLC) with 9 beds, featuring spray booth, stand‑up, Red Light therapy and lay‑downs.; Turnkey fitness facility with over 50 pieces of equipment ready for immediate use.; Features an open space concept ideal for fitness classes, complete with soft turf and 5 heavy punching bags.
    (419) 586-5259
    We can help!
    Listing Contact
    Desiree Gehle
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    1280 Indiana Avenue, Saint Marys, OH 45885
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!