Five-Bay Auto Service
For Sale
Contact for pricing
4824 S Prospect St, Ravenna, OH 44266
Corner-lot facility with service equipment, customer areas, and land for an additional building.
Property Size4,152 SF
Price / SF$102.34
Days on Market530
Property Features for 4824 S Prospect St
General Information
Standard status
Active
Size
4,152 SF
Property subtype
RETAIL
Additional Details
Service Bays
5
Amenities
office
kitchenette
reception area
office loft
Building Details
Year Built
2002
Buildings
1
Listing Agency:
Hoff & Leigh
(330) 618-8045
Listed By:
TJ Hollin · License #SAL.2014000295
(330) 618-8045
Source:
Moodyscre
Added: Feb 17, 2025
Changed: Jul 31
Last Checked: Jul 31 at 6:08PM
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 Hoff & Leigh
Investment Insights
Based on property information with market context.
The 4,152-square-foot auto service garage was built in 2002 and includes five service bays, an office, kitchenette, reception area, and office loft. The property includes three lifts, oil vats, an air compressor, and furniture. Its configuration supports the existing auto service operation and related uses described for the facility, including oil changing, tire service, detailing, and retail showroom use.
The garage is located on a corner lot at 4824 S Prospect St in Ravenna, Ohio, within Rootstown Township. The property includes a land site for an additional building, and a township-granted variance transfers with the property.
The garage is located on a corner lot at 4824 S Prospect St in Ravenna, Ohio, within Rootstown Township. The property includes a land site for an additional building, and a township-granted variance transfers with the property.
Key Highlights
- 4,152 square feet built in 2002
- Five service bays with office, kitchenette, reception area, and office loft
- Three (3) lifts, oil vats, and air compressor included
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 | $24.4k | $5.88 |
| − Vacancy | −$1.0k | −$0.25 |
| EGI | $23.4k | $5.63 |
| − OpEx | −$7.0k | −$1.69 |
| NOI | $16.4k | $3.94 |
4,152 SF · lease $5.88/SF/yr · vacancy 4.20% · expense 30.00%
Alternative Uses
Best Use
Retail
$233.9K
$204.7K – $272.9K
NOI $16,372 @ 7.0% cap · market cap 3.85%
Second Best
Industrial
$233.1K
$204.0K – $272.0K
NOI $16,320 @ 7.0% cap · market cap 3.84%
Theoretical Best
Office A
$836.3K
$731.8K – $975.7K
NOI $58,542 @ 7.0% cap · market cap 13.78%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
5
Service bays
Location Intelligence
Trade Area within ½ mile
683
Businesses Nearby
48k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 64%
Shops & Services 35%
Electronics 1%
Taco Bell
Dining
15,335 visits/mo
0.3 miles
Huntington Bank
Shops & Services
10,294 visits/mo
0.5 miles
Arby's
Dining
6,623 visits/mo
0.5 miles
Dairy Queen
Dining
4,773 visits/mo
0.4 miles
PNC Bank
Shops & Services
3,572 visits/mo
0.3 miles
Demographics for 44266, OH
32,606
Population
15,036
Households
2.2
Avg Household Size
43
Median Age
21%
College-Educated
92%
High-School Grad
91.9 sq mi
ZIP Area
355
Density / Sq Mi
$61,211
Median Household Income
$40,068
Median Earnings
$904
Median Rent
$159,900
Median Home Value
Market
Vacancy Rate% for Retail in Midwest region
Questions? Ask Rey
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Similar Off Market Nearby
- Darrah's Car Care Center — 4824 S Prospect St, Ravenna, OH 44266
- Darrah's Care Care — 4824 s prospect st, ravenna, oh 44266
- Mod Customs — 4838 S Prospect St, Ravenna, OH 44266
- BMB Auto and Truck Repair LLC. — 4824 S Prospect St, Ravenna, OH 44266
- Coia Sales — 4393 Lynn Rd, Ravenna, OH 44266
Frequently Asked Questions
What type of property is this?
Auto shop - Corner-lot facility with service equipment, customer areas, and land for an additional building.
Where is this auto shop located?
The property is located at 4824 S Prospect St Ravenna, OH.
What is the asking price?
The asking price for this property is $424,900.
What are key features of this property?
This property features: 4,152 square feet built in 2002; Five service bays with office, kitchenette, reception area, and office loft; Three (3) lifts, oil vats, and air compressor included
