Auto Repair Business
1394-1396 Joyce Avenue Columbus, OH 43219
For Sale
Contact for pricing
Auto repair business with equipment, two apartments, and storage.
Property Size4,037 SF
Price / SF$74.31
Days on Market126
Property Features for 1394-1396 Joyce Avenue
General Information
Standard status
Active
Size
4,037 SF
Property subtype
Mixed Use, Retail
Building Details
Year Built
1948
Listing Agency:
Keller Williams Capital Partners Realty
(614) 431-1220
Listed By:
Joseph Jackson · License #2014000204
Source:
Crexi
Added: Mar 26
Changed: Jul 10
Last Checked: Jul 27 at 9:39AM
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 Keller Williams Capital Partners Realty
Investment Insights
Based on property information with market context.
The property at 1394-96 Joyce Ave includes the vacated alley in the rear. It has been an auto repair business for over 30 years. The sale includes the building and associated equipment. The current zoning is R-3. The property has a junk yard license which a new owner may wish to obtain. The lots to the north and west have M zoning. The property features four overhead doors and three lifts. The north lot has no buildings and is used for auto repair and storage. There are two small studio apartments on site. The property size is 4037 square feet.
Key Highlights
- Established auto repair business location for over 30 years.
- Four overhead doors and three lifts for servicing multiple vehicles.
- Includes the vacated alley in the rear.
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 | $24.7k | $6.12 |
| − Vacancy | −$1.9k | −$0.47 |
| EGI | $22.8k | $5.65 |
| − OpEx | −$6.8k | −$1.69 |
| NOI | $16.0k | $3.95 |
4,037 SF · lease $6.12/SF/yr · vacancy 7.70% · expense 30.00%
Alternative Uses
Best Use
Retail
$664.9K
$581.8K – $775.7K
NOI $46,543 @ 7.0% cap · market cap 15.51%
Second Best
Multifamily LT 5
$491.1K
$429.7K – $572.9K
NOI $34,375 @ 7.0% cap · market cap 11.46%
Theoretical Best
Office A
$841.3K
$736.2K – $981.6K
NOI $58,893 @ 7.0% cap · market cap 19.63%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Similar Off Market Nearby
- J R's Auto Services — 975 E 5th Ave, Columbus, OH 43201
- Semi Truck Repair Center — 1050 E 5th Ave, Columbus, OH 43201
- CARSTAR Auto Boutique Collision — 1037 E 5th Ave, Columbus, OH 43201
- A+ Truck Mobile Repair Columbus — 1000 E 5th Ave, Columbus, OH 43201
- Keen's Body Shop — 907 E 5th Ave, Columbus, OH 43201
Frequently Asked Questions
What type of property is this?
Auto shop - Auto repair business with equipment, two apartments, and storage.
Where is this auto shop located?
The property is located at 1394-1396 Joyce Avenue Columbus, OH.
What is the asking price?
The asking price for this property is $300,000.
What are key features of this property?
This property features: Established auto repair business location for over 30 years.; Four overhead doors and three lifts for servicing multiple vehicles.; Includes the vacated alley in the rear.
