Building Details

Building Size 7,646 SF

Year Built 1996

Listing Agency: Show Phone

Listed By: Karen Ullom

Source: Karenullomrealty

Added: Oct 21 Changed: Oct 28 Last Checked: Oct 28 at 3:36PM

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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 Karen Ullom

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Review the available facts, identify missing information and prepare questions for the agent.

What should I ask the agent before proceeding? What information is missing from this listing?

Investment Insights

Based on property information with market context.

This auto shop property includes a multi-bay service building with a mechanics area, parts room, paint booth, overhead storage, and large overhead doors. A separate compressor room and half bath are also part of the shop. The site includes a three-bedroom, 1.5-bath house and another outbuilding with natural-stone flooring, providing additional enclosed space across the property. Commercial zoning applies to the 1.5-acre parcel, which has over 250 feet of frontage on State Route 43 in Aurora, Ohio.

Key Highlights

• 1.5‑acre parcel zoned Commercial
• Over 250 feet of frontage on State Route 43
• Shop includes multiple vehicle bays, a mechanics area, and large overhead doors

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$30,149

Cap Rate

3.77%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$602,980 $603.0K

Cap Rate 7%

$430,700 $430.7K

Cap Rate 9%

$334,989 $335.0K

Is this asking price fair?

Market Conditions

NOI Build-Up for 7,646 SF

Gross rent

$45.0K $5.88/SF

− Vacancy

−$1.9K −$0.25/SF

EGI

$43.1K $5.63/SF

− OpEx

−$12.9K −$1.69/SF

NOI

$30.1K $3.94/SF

Area

Portage County, OH

Vacancy

4.20%

Lease Rate

$5.88 /SF/Yr

Expense Ratio

30.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$602,980

Cap Rate 7%

$430,700

Cap Rate 9%

$334,989

Alternative Uses

Best Use

Retail

$430.7K

$376.9K – $502.5K (±1% cap)

NOI $30,149 @ 7.0% cap · market cap 3.77%

Second Best

Industrial

$429.3K

$375.7K – $500.9K (±1% cap)

NOI $30,054 @ 7.0% cap · market cap 3.76%

Theoretical Best

Office A

$1.54M

$1.35M – $1.80M (±1% cap)

NOI $107,807 @ 7.0% cap · market cap 13.48%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Current Use

Auto shops

Suggested Use

Top Pick Law Firm HVAC Service Auto Repair Shop Auto Parts Store Nail Salon Kitchen & Bath Showroom

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

98

Businesses Nearby

546

Monthly Visits Nearby

Well-served

Demand for This Use

Explore this area Business Placement

Foot Traffic Nearby

Shops & Services 100%

Storage King USA Shops & Services

546 visits/mo 0.2 miles

Demographics for 44202, OH

22,167

Population

9,612

Households

2.3

Avg Household Size

46

Median Age

56%

College-Educated

97%

High-School Grad

30.3 sq mi

ZIP Area

732

Density / Sq Mi

$116,556

Median Household Income

$67,796

Median Earnings

$1,701

Median Rent

$356,000

Median Home Value

Market

Vacancy Rate% for Retail in Midwest region

8% 2020

7.3% 2021

6.5% 2022

6% 2023

5.7% 2024

6.3% 2025

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Similar Off Market Nearby

• Gerber Collision & Glass — 10360 OH-43, Streetsboro, OH 44241
• K & M Tire — 121 Francis D Kenneth Dr, Aurora, OH 44202
• Solon Collision — 260 Lena Dr, Aurora, OH 44202
• Solon Collision - Now in Aurora — 260 Lena Dr, Aurora, OH 44202

Frequently Asked Questions

What type of property is this?

Auto shop - Commercial zoning and several structures support a range of workspace and storage configurations.

Where is this auto shop located?

The property is located at 1379 S Chillicothe Road Aurora, OH.

What is the asking price?

The asking price for this property is $800,000.

What are key features of this property?

This property features: 1.5‑acre parcel zoned Commercial; Over 250 feet of frontage on State Route 43; Shop includes multiple vehicle bays, a mechanics area, and large overhead doors