Auto Repair and Body
237 Curtis St Delaware, OH 43015
For Sale
Contact for pricing
Auto repair and auto body facility with multiple drive-in doors, paint booth, and 13–15' clear height, zoned M2.
Property Size17,244 SF
Price / SF$113.08
Days on Market688
Property Features for 237 Curtis St
General Information
Standard status
Active
Size
17,244 SF
Property subtype
INDUSTRIAL
Listing Agency:
Alterra Real Estate Advisors
(614) 327-4366
Listed By:
Brad L Kitchen, SIOR
(614) 327-4366
Source:
Moodyscre
Added: Sep 10, 2024
Changed: Jul 26
Last Checked: Jul 28 at 3:39PM
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 Alterra Real Estate Advisors
Investment Insights
Based on property information with market context.
This auto repair/auto body shop property is currently operating as a repair facility. Built in 1976 and remodeled in 2022, it includes a paint booth, radiant and gas Reznor heaters in the warehouse, and a Clean Burn Energy System for waste oil burning via furnace. The building offers multiple drive-in doors, including three 14' x 14' doors plus one 9' x 10' drive-in door. Clear height is listed at 13' to 15', supported by 3-phase power (120/240).
The property is zoned M2. Annual real estate taxes are reported as $12,860 per year.
With its drive-in access and shop-specific improvements such as the paint booth and furnace system, the layout is designed for vehicle work and related operations.
The property is zoned M2. Annual real estate taxes are reported as $12,860 per year.
With its drive-in access and shop-specific improvements such as the paint booth and furnace system, the layout is designed for vehicle work and related operations.
Key Highlights
- Auto repair/auto body shop currently in use with paint booth
- Zoned M2; built in 1976 and remodeled in 2022
- Multiple drive‑in doors: three 14' x 14', one 9' x 10' (plus three more doors noted as 14' x 14')
Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $99.3k | $5.76 |
| − Vacancy | −$3.6k | −$0.21 |
| EGI | $95.8k | $5.55 |
| − OpEx | −$28.7k | −$1.67 |
| NOI | $67.0k | $3.89 |
17,244 SF · lease $5.76/SF/yr · vacancy 3.58% · expense 30.00%
Alternative Uses
Best Use
Industrial
$2.86M
$2.50M – $3.34M
NOI $200,356 @ 7.0% cap · market cap 10.27%
Second Best
Retail
$957.7K
$838.0K – $1.12M
NOI $67,039 @ 7.0% cap · market cap 3.44%
Theoretical Best
Warehouse
$3.48M
$3.04M – $4.05M
NOI $243,289 @ 7.0% cap · market cap 12.48%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Location Intelligence
Current Use
Similar Off Market Nearby
- Precision Alignment & Tire Inc — 460 Curtis St, Delaware, OH 43015
- Bauerle Automotive — 223 Curtis St, Delaware, OH 43015
- MD Transmissions Ltd — 320 London Rd Ste 108, Delaware, OH 43015
- Exact Exhaust — 460 curtis st, delaware, oh 43015
- Heavy Metal Towing and Recovery — 320 London Rd STE D2, Delaware, OH 43015
Frequently Asked Questions
What type of property is this?
Auto shop - Auto repair and auto body facility with multiple drive-in doors, paint booth, and 13–15' clear height, zoned M2.
Where is this auto shop located?
The property is located at 237 Curtis St Delaware, OH.
What is the asking price?
The asking price for this property is $1,950,000.
What are key features of this property?
This property features: Auto repair/auto body shop currently in use with paint booth; Zoned M2; built in 1976 and remodeled in 2022; Multiple drive‑in doors: three 14' x 14', one 9' x 10' (plus three more doors noted as 14' x 14')
