Automotive Service Facility with Paint
For Sale
Contact for pricing
4545 Liberty Ave, Vermilion, OH 44089
Automotive service and parts facility with paint booths, overhead doors, radiant tube heat, and 14–16’ clear height.
Property Size26,360 SF
Price / SF$67.91
Days on Market539
Property Features for 4545 Liberty Ave
General Information
Standard status
Active
Size
26,360 SF
Property subtype
RETAIL
Building Details
Buildings
2
Listing Agency:
CBRE | Cleveland
(216) 363-6435
Listed By:
Mike Petrigan, SIOR
(216) 363-6435
Source:
Moodyscre
Added: Feb 6, 2025
Changed: Jul 30
Last Checked: Jul 30 at 4:02PM
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 CBRE | Cleveland
Investment Insights
Based on property information with market context.
Front building offers 15,160 SF total with a showroom (1,220 SF), office and customer lounge area (1,610 SF including 4 offices), a service center (8,330 SF), and a parts department (4,000 SF). The service center includes 3 lifts (two 7,000 lb and one 9,000 lb), radiant tube heat, bathrooms, and 3 overhead doors, each 14’ x 14’, plus two additional overhead doors measuring 8’ x 8’ and 8’ x 10’. The front building has 14’ clear height.
Back building totals 11,200 SF (70’ x 160’) with radiant tube heat and clear height ranging from 14’ to 16’. Improvements include 1 - 7,000 lb lift and two overhead doors measuring 12’ x 14’. Operational equipment includes 3 compressors (Ingersoll - Rand, Cambell Hausfold, and Devair) and 2 paint booths.
The paint-related equipment includes a Blowthern built in 2002 (14’w x 26’d x 10’h) and a Sima built in 2000 (14’w x 28’d x 12’h). The property is located at 4545 Liberty Ave, Vermilion, OH 44089.
Back building totals 11,200 SF (70’ x 160’) with radiant tube heat and clear height ranging from 14’ to 16’. Improvements include 1 - 7,000 lb lift and two overhead doors measuring 12’ x 14’. Operational equipment includes 3 compressors (Ingersoll - Rand, Cambell Hausfold, and Devair) and 2 paint booths.
The paint-related equipment includes a Blowthern built in 2002 (14’w x 26’d x 10’h) and a Sima built in 2000 (14’w x 28’d x 12’h). The property is located at 4545 Liberty Ave, Vermilion, OH 44089.
Key Highlights
- Front building totals 15,160 SF with 14’ clear height
- Back building totals 11,200 SF (70’ x 160’) with 14’–16’ clear height
- Service center includes 3 lifts (2 - 7,000 lb & 1 - 9,000 lb) and radiant tube heat
Financial Insights For Industrial
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 | $169.0k | $6.41 |
| − Vacancy | −$14.2k | −$0.54 |
| EGI | $154.7k | $5.87 |
| − OpEx | −$46.4k | −$1.76 |
| NOI | $108.3k | $4.11 |
26,360 SF · lease $6.41/SF/yr · vacancy 8.42% · expense 30.00%
Alternative Uses
Best Use
Retail
$6.82M
$5.97M – $7.95M
NOI $477,279 @ 7.0% cap · market cap 26.66%
Second Best
Industrial
$1.55M
$1.35M – $1.81M
NOI $108,318 @ 7.0% cap · market cap 6.05%
Theoretical Best
Multifamily LT 5
$290.09M
$253.83M – $338.44M
NOI $20,306,233 @ 7.0% cap · market cap 1,134.43%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
320
Businesses Nearby
61k
Monthly Visits Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 32%
Groceries 30%
Shops & Services 27%
Apparel 9%
Giant Eagle Supermarket
Groceries
18,382 visits/mo
0.4 miles
McDonald's
Dining
13,739 visits/mo
0.1 miles
Speedway
Shops & Services
8,142 visits/mo
0.1 miles
Goodwill
Apparel
5,233 visits/mo
0.5 miles
BP
Shops & Services
3,265 visits/mo
0.2 miles
Demographics for 44089, OH
15,899
Population
8,012
Households
2
Avg Household Size
50
Median Age
29%
College-Educated
93%
High-School Grad
34.6 sq mi
ZIP Area
460
Density / Sq Mi
$72,045
Median Household Income
$43,836
Median Earnings
$1,102
Median Rent
$197,900
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
- Liberty Ford Lincoln Service — 4215 East, 4215 Liberty Ave, Vermilion, OH 44089
- Liberty Ford Vermilion Collision — 4215 liberty ave, vermilion, oh 44089
- Conrad's Tire Express & Total Car Care — 4813 Liberty Ave, Vermilion, OH 44089
- Liberty Vermilion Auto Body Collision Repair — 4395 Liberty Ave, Vermilion, OH 44089
- Liberty Vermilion Service — 4215 Liberty Ave, Vermilion, OH 44089
Frequently Asked Questions
What type of property is this?
Auto shop - Automotive service and parts facility with paint booths, overhead doors, radiant tube heat, and 14–16’ clear height.
Where is this auto shop located?
The property is located at 4545 Liberty Ave Vermilion, OH.
What is the asking price?
The asking price for this property is $1,790,000.
What are key features of this property?
This property features: Front building totals 15,160 SF with 14’ clear height; Back building totals 11,200 SF (70’ x 160’) with 14’–16’ clear height; Service center includes 3 lifts (2 - 7,000 lb & 1 - 9,000 lb) and radiant tube heat
