Renovated Auto Shop with
For Sale
$952,000
870 North 20th Street, Columbus, OH 43219
Industrial-zoned facility includes automotive service equipment and updated building systems.
Property Size8,184 SF
Days on Market148
Property Features for 870 North 20th Street
General Information
Standard status
Active
Size
8,184 SF
Property subtype
Industrial
Building Details
Building Size
8,184 SF
Year Built
1956
Listed By:
Tim Treasure · License #OH #2009002222
(614) 403-8162
Source:
Sperrycga
Added: May 14
Changed: Sep 21
Last Checked: Oct 7 at 11:11AM
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 Tim Treasure
Investment Insights
Based on property information with market context.
This 8,184-square-foot auto shop was established in 1956 and renovated in 2025. Improvements include a new showroom, updated electrical service throughout the building, new gas heaters, and replacement gutters and downspouts. The facility also contains two four-post lifts for vehicle storage, a two-post work lift, a paint booth, and a compressor with an air-storage tank and lines distributed throughout the building.
Located at 870 North 20th Street in Columbus, Ohio, the property carries industrial zoning and includes space suited to automotive operations, production, and storage. The existing improvements may also support conversion to manufacturing or processing uses, subject to applicable requirements.
Located at 870 North 20th Street in Columbus, Ohio, the property carries industrial zoning and includes space suited to automotive operations, production, and storage. The existing improvements may also support conversion to manufacturing or processing uses, subject to applicable requirements.
Key Highlights
- 8,184‑square‑foot building renovated in 2025
- New showroom with all‑new electrical throughout
- Two four‑post lifts plus one two‑post work lift
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$32,361
Cap Rate
3.40%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$647,220
$647.2K
Cap Rate 7%
$462,300
$462.3K
Cap Rate 9%
$359,567
$359.6K
Market Conditions
NOI Build-Up for 8,184 SF
Gross rent
$50.1K $6.12/SF
− Vacancy
−$3.9K −$0.47/SF
EGI
$46.2K $5.65/SF
− OpEx
−$13.9K −$1.69/SF
NOI
$32.4K $3.95/SF
Area
Columbus, OH
Vacancy
7.70%
Lease Rate
$6.12 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$647,220
Cap Rate 7%
$462,300
Cap Rate 9%
$359,567
Alternative Uses
Best Use
Retail
$1.35M
$1.18M – $1.57M
NOI $94,353 @ 7.0% cap · market cap 9.91%
Second Best
Industrial
$462.3K
$404.5K – $539.4K
NOI $32,361 @ 7.0% cap · market cap 3.40%
Theoretical Best
Office A
$1.71M
$1.49M – $1.99M
NOI $119,391 @ 7.0% cap · market cap 12.54%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
708
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 43219, OH
30,457
Population
13,210
Households
2.3
Avg Household Size
33
Median Age
22%
College-Educated
82%
High-School Grad
16.0 sq mi
ZIP Area
1,904
Density / Sq Mi
$51,860
Median Household Income
$32,459
Median Earnings
$1,191
Median Rent
$173,600
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in Columbus, OH
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Similar Off Market Nearby
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- Waynes Automotive Finishes — 850 Reynolds Ave, Columbus, OH 43201
- Jla Auto — 850 Reynolds Ave, Columbus, OH 43201
- SK Auto Sports — 850 Reynolds Ave, Columbus, OH 43201
- MTP WINDOW TINT — 850 Reynolds Ave, Columbus, OH 43201
Frequently Asked Questions
What type of property is this?
Auto shop - Industrial-zoned facility includes automotive service equipment and updated building systems.
Where is this auto shop located?
The property is located at 870 North 20th Street Columbus, OH.
What is the asking price?
The asking price for this property is $952,000.
What are key features of this property?
This property features: 8,184‑square‑foot building renovated in 2025; New showroom with all‑new electrical throughout; Two four‑post lifts plus one two‑post work lift
