Turn-Key Machine Shop
For Sale
$209,000
1128 N Main Street, Uhrichsville, OH 44683
Concrete machine shop building with 3-phase electrical service and included equipment, offered as a turn-key business opportunity.
Property Size2,500 SF
Price / SF$83.60
Days on Market482
Property Features for 1128 N Main Street
General Information
Standard status
Active
Size
2,500 SF
Property subtype
Commercial/Industrial
Additional Details
Business Included
Yes
Heavy Power
Yes
Taxes and HOA fees
Annual Taxes
$835
Building Details
Year Built
1949
Construction
concrete
Listing Agency:
Keller Williams Legacy Group Realty
(330) 575-1947
Listed By:
Bethanie J Peters · License #2015004774
(330) 575-1947
Source:
Exitrealty
Added: Apr 29, 2025
Changed: Aug 23
Last Checked: Aug 18 at 8:10PM
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 Keller Williams Legacy Group Realty
Investment Insights
Based on property information with market context.
This concrete commercial building is set up as a machine shop and includes operational equipment as part of a turn-key business opportunity. The property offers 2,500 square feet of space and features 220 amp, 3-phase electrical service to support shop operations.
The business is described as well established, operating for more than 35 years. For details on the included equipment, review the available supplements.
Prospective buyers should plan to review the supplement list of equipment included with the sale and schedule a private showing for a firsthand look at the shop layout and operating components.
The business is described as well established, operating for more than 35 years. For details on the included equipment, review the available supplements.
Prospective buyers should plan to review the supplement list of equipment included with the sale and schedule a private showing for a firsthand look at the shop layout and operating components.
Key Highlights
- Concrete commercial machine shop building with 2,500 sq ft of space
- 220 amp 3‑phase electrical service
- Machine shop has been in business for over 35 years
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
$18,547
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
8.87%
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%
$370,940
$370.9K
Cap Rate 7%
$264,957
$265.0K
Cap Rate 9%
$206,078
$206.1K
Market Conditions
NOI Build-Up for 2,500 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
$27.6K $11.04/SF
− Vacancy
−$1.1K −$0.44/SF
EGI
$26.5K $10.60/SF
− OpEx
−$7.9K −$3.18/SF
NOI
$18.5K $7.42/SF
Area
Tuscarawas County, OH
Vacancy
4.00%
Lease Rate
$11.04 /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%
$370,940
Cap Rate 7%
$264,957
Cap Rate 9%
$206,078
Alternative Uses
Best Use
Retail
$265.0K
$231.8K – $309.1K
NOI $18,547 @ 7.0% cap · market cap 8.87%
Second Best
Industrial
$117.2K
$102.5K – $136.7K
NOI $8,203 @ 7.0% cap · market cap 3.92%
Theoretical Best
Office A
$465.9K
$407.6K – $543.5K
NOI $32,611 @ 7.0% cap · market cap 15.60%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Turnkey business
Opportunity
Yes
Heavy power
Location Intelligence
Trade Area within ½ mile
168
Businesses Nearby
23k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 84%
Dining 16%
Circle K
Shops & Services
15,149 visits/mo
0.1 miles
Sunoco
Shops & Services
4,286 visits/mo
0.1 miles
Papa John's Pizza
Dining
2,251 visits/mo
0.1 miles
Domino's Pizza
Dining
1,526 visits/mo
0.1 miles
Demographics for 44683, OH
8,313
Population
3,566
Households
2.3
Avg Household Size
40
Median Age
12%
College-Educated
84%
High-School Grad
67.0 sq mi
ZIP Area
124
Density / Sq Mi
$55,179
Median Household Income
$37,703
Median Earnings
$828
Median Rent
$114,900
Median Home Value
Market
Vacancy Rate% for Retail in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Auto shop - Concrete machine shop building with 3-phase electrical service and included equipment, offered as a turn-key business opportunity.
Where is this auto shop located?
The property is located at 1128 N Main Street Uhrichsville, OH.
What is the asking price?
The asking price for this property is $209,000.
What are key features of this property?
This property features: Concrete commercial machine shop building with 2,500 sq ft of space; 220 amp 3‑phase electrical service; Machine shop has been in business for over 35 years
