High-Visibility Automotive Garage on
For Sale
$593,600
1550 Cleveland Ave, Columbus, OH 43211
Automotive garage on high-traffic corridor, minutes from downtown.
Property Size3,917 SF
Price / SF$151.54
Days on Market204
Property Features for 1550 Cleveland Ave
General Information
Standard status
Active
Size
3,917 SF
Building Details
Year Built
1946
Listing Agency:
Anchor Real Estate Group LLC
Listed By:
Denise L Pace · License #444298
(614) 264-8042
Source:
Thetomlinson
Added: Mar 26
Changed: Sep 15
Last Checked: Oct 7 at 3:04PM
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 Anchor Real Estate Group LLC
Investment Insights
Based on property information with market context.
This automotive garage presents an opportunity for owner-operators or investors. Located on a heavily trafficked corridor in Columbus, it is situated minutes from major freeways and downtown. The property offers street presence along Cleveland Avenue, suitable for automotive services, tire shops, detailing, or light industrial uses. The garage features solid block construction with multiple service bays, high overhead doors, an office/reception area, and ample parking. Utilities in place include water, gas, electric, and air lines. The lot allows for ingress and egress, and the layout supports drive-through service or future expansion. The property has a strong daily traffic count for business exposure. The property contains 3,917 square feet. The property is being sold as-is.
Key Highlights
- High‑visibility location on heavily trafficked Cleveland Avenue.
- Multiple service bays and high overhead doors suitable for various automotive or light industrial uses.
- Ample parking for customers and inventory.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$45,159
Cap Rate
7.61%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$903,180
$903.2K
Cap Rate 7%
$645,129
$645.1K
Cap Rate 9%
$501,767
$501.8K
Market Conditions
NOI Build-Up for 3,917 SF
Gross rent
$70.5K $18.00/SF
− Vacancy
−$6.0K −$1.53/SF
EGI
$64.5K $16.47/SF
− OpEx
−$19.4K −$4.94/SF
NOI
$45.2K $11.53/SF
Area
Columbus, OH
Vacancy
8.50%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$903,180
Cap Rate 7%
$645,129
Cap Rate 9%
$501,767
Alternative Uses
Best Use
Retail
$645.1K
$564.5K – $752.7K
NOI $45,159 @ 7.0% cap · market cap 7.61%
Second Best
Industrial
$221.3K
$193.6K – $258.1K
NOI $15,488 @ 7.0% cap · market cap 2.61%
Theoretical Best
Office A
$816.3K
$714.3K – $952.4K
NOI $57,143 @ 7.0% cap · market cap 9.63%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
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Current Use
Location Intelligence
Trade Area within ½ mile
531
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 43211, OH
23,160
Population
9,956
Households
2.3
Avg Household Size
32
Median Age
11%
College-Educated
77%
High-School Grad
4.7 sq mi
ZIP Area
4,928
Density / Sq Mi
$38,715
Median Household Income
$28,601
Median Earnings
$1,057
Median Rent
$91,600
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in Columbus, OH
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Similar Off Market Nearby
- Motor Towing
- Haydar's LLC — 1134 Corrugated Way, Columbus, OH 43201
- J R's Auto Services — 975 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 - Automotive garage on high-traffic corridor, minutes from downtown.
Where is this auto shop located?
The property is located at 1550 Cleveland Ave Columbus, OH.
What is the asking price?
The asking price for this property is $593,600.
What are key features of this property?
This property features: High‑visibility location on heavily trafficked Cleveland Avenue.; Multiple service bays and high overhead doors suitable for various automotive or light industrial uses.; Ample parking for customers and inventory.
