Corner Auto Service
For Sale
$500,000
13600 Shaw Ave, East Cleveland, OH 44112
Tire and automotive service facility with outdoor space for parking, vehicle staging, and customer access.
Property Size1,830 SF
Price / SF$273.22
Days on Market48
Property Features for 13600 Shaw Ave
General Information
Standard status
Active
Size
1,830 SF
Building Details
Year Built
1968
Listing Agency:
Russell Real Estate Services
Listed By:
Jeannette M Charara
Source:
Theacclaimedrealty
Added: Jul 14
Changed: Aug 29
Last Checked: Aug 25 at 5:36AM
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 Russell Real Estate Services
Investment Insights
Based on property information with market context.
This auto shop comprises an 1,830-square-foot tire and automotive service facility on a corner lot in East Cleveland. Built in 1968, the property includes outdoor area that supports parking, vehicle staging, and customer circulation. Its layout is suited to tire sales, automotive service, or related operations.
The property is located at 13600 Shaw Ave and benefits from prominent corner positioning with convenient in-and-out access. The site’s exposure and usable exterior space provide practical support for an automotive business requiring customer access and vehicle movement.
The property is located at 13600 Shaw Ave and benefits from prominent corner positioning with convenient in-and-out access. The site’s exposure and usable exterior space provide practical support for an automotive business requiring customer access and vehicle movement.
Key Highlights
- 1,830‑square‑foot auto shop on a corner lot
- Established tire and automotive service center
- Outdoor space for parking and vehicle staging
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
$17,486
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
3.50%
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%
$349,720
$349.7K
Cap Rate 7%
$249,800
$249.8K
Cap Rate 9%
$194,289
$194.3K
Market Conditions
NOI Build-Up for 1,830 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
$27.5K $15.00/SF
− Vacancy
−$2.5K −$1.35/SF
EGI
$25.0K $13.65/SF
− OpEx
−$7.5K −$4.10/SF
NOI
$17.5K $9.56/SF
Area
Cuyahoga County, OH
Vacancy
9.00%
Lease Rate
$15.00 /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%
$349,720
Cap Rate 7%
$249,800
Cap Rate 9%
$194,289
Alternative Uses
Best Use
Industrial
$1.21M
$1.06M – $1.41M
NOI $84,526 @ 7.0% cap · market cap 16.91%
Second Best
Retail
$249.8K
$218.6K – $291.4K
NOI $17,486 @ 7.0% cap · market cap 3.50%
Theoretical Best
Warehouse
$1.47M
$1.28M – $1.71M
NOI $102,639 @ 7.0% cap · market cap 20.53%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
364
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 44112, OH
18,685
Population
11,828
Households
1.6
Avg Household Size
44
Median Age
17%
College-Educated
86%
High-School Grad
4.0 sq mi
ZIP Area
4,671
Density / Sq Mi
$28,957
Median Household Income
$27,204
Median Earnings
$802
Median Rent
$77,200
Median Home Value
Market
Vacancy Rate% for Retail in Midwest region
Questions? Ask Rey
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- Skyline Auto LLC — 1729 Doan Ave, East Cleveland, OH 44112
Frequently Asked Questions
What type of property is this?
Auto shop - Tire and automotive service facility with outdoor space for parking, vehicle staging, and customer access.
Where is this auto shop located?
The property is located at 13600 Shaw Ave East Cleveland, OH.
What is the asking price?
The asking price for this property is $500,000.
What are key features of this property?
This property features: 1,830‑square‑foot auto shop on a corner lot; Established tire and automotive service center; Outdoor space for parking and vehicle staging
