Auto Repair Shop with
For Sale
$99,900
322 N Sandusky Avenue Bucyrus, Bucyrus, OH 44820
Property includes an office with separate entrance and a mechanic’s bay with a vehicle lift.
Property Size833 SF
Price / SF$119.93
Days on Market47
Property Features for 322 N Sandusky Avenue Bucyrus
General Information
Standard status
Active
Size
833 SF
Additional Details
Service Bays
1
Taxes and HOA fees
Annual Taxes
$759
Amenities
No
Public
0.24
833.0
Building Details
Building Size
833 SF
Stories
1
Listing Agency:
(614) 660-5959
Listed By:
Sinath Johnson
(614) 660-5959
Source:
Movenowohio
Added: Jul 6
Changed: Aug 18
Last Checked: Aug 21 at 4:04AM
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 Sinath Johnson
Investment Insights
Based on property information with market context.
This for-sale automotive property features an office with a separate entrance and a single mechanic’s bay equipped with a vehicle lift. The existing setup supports an auto repair use, with dedicated space for customer-facing or administrative needs.
The public remarks indicate an ideal location with steady traffic flow and high visibility, positioning the property for a car lot or auto repair operation.
With its current configuration of office plus one lift-equipped bay, the building is well-suited for an owner-operator looking to launch or relocate an auto repair business. The property is offered for sale at $99,900.
The public remarks indicate an ideal location with steady traffic flow and high visibility, positioning the property for a car lot or auto repair operation.
With its current configuration of office plus one lift-equipped bay, the building is well-suited for an owner-operator looking to launch or relocate an auto repair business. The property is offered for sale at $99,900.
Key Highlights
- 0.24‑acre lot with 833 SF total building area
- Office with separate entrance
- Single mechanic’s bay with a vehicle lift already in place
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
$6,180
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
6.19%
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%
$123,600
$123.6K
Cap Rate 7%
$88,286
$88.3K
Cap Rate 9%
$68,667
$68.7K
Market Conditions
NOI Build-Up for 833 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
$9.2K $11.04/SF
− Vacancy
−$368 −$0.44/SF
EGI
$8.8K $10.60/SF
− OpEx
−$2.6K −$3.18/SF
NOI
$6.2K $7.42/SF
Area
Crawford 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%
$123,600
Cap Rate 7%
$88,286
Cap Rate 9%
$68,667
Alternative Uses
Best Use
Retail
$88.3K
$77.3K – $103.0K
NOI $6,180 @ 7.0% cap · market cap 6.19%
Second Best
Industrial
$48.9K
$42.8K – $57.1K
NOI $3,423 @ 7.0% cap · market cap 3.43%
Theoretical Best
Specialty Retail
$163.3K
$142.9K – $190.5K
NOI $11,431 @ 7.0% cap · market cap 11.44%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
1
Service bays
Location Intelligence
Trade Area within ½ mile
710
Businesses Nearby
105k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 40%
Dining 35%
Groceries 23%
Electronics 1%
Kroger
Groceries
24,058 visits/mo
0.2 miles
Wendy's
Dining
14,393 visits/mo
0.4 miles
Circle K
Shops & Services
11,260 visits/mo
0.1 miles
Speedway
Shops & Services
9,914 visits/mo
0.1 miles
Arby's
Dining
8,506 visits/mo
0.3 miles
Demographics for 44820, OH
17,114
Population
7,982
Households
2.1
Avg Household Size
45
Median Age
14%
College-Educated
91%
High-School Grad
160.6 sq mi
ZIP Area
107
Density / Sq Mi
$56,942
Median Household Income
$38,073
Median Earnings
$742
Median Rent
$134,100
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 - Property includes an office with separate entrance and a mechanic’s bay with a vehicle lift.
Where is this auto shop located?
The property is located at 322 N Sandusky Avenue Bucyrus Bucyrus, OH.
What is the asking price?
The asking price for this property is $99,900.
What are key features of this property?
This property features: 0.24‑acre lot with 833 SF total building area; Office with separate entrance; Single mechanic’s bay with a vehicle lift already in place
