8-Bay Tire and Auto
For Sale
Contact for pricing
1717 W 2nd St, Xenia, OH 45385
Well-established tire and automotive service facility with eight bays, including two high-ceiling service bays.
Property Size7,100 SF
Price / SF$302.82
Days on Market127
Property Features for 1717 W 2nd St
General Information
Standard status
Active
Size
7,100 SF
Property subtype
Retail, Business for Sale
Occupancy
100%
Investment Type
Stabilized
Additional Details
Business Included
Yes
Service Bays
8
Building Details
Year Built
2013
Tenancy
Single
Listing Agency:
Bang Realty
Listed By:
Brian Brockman · License #177814
(888) 737-2264
Source:
Crexi
Added: May 4
Changed: Sep 5
Last Checked: Sep 4 at 7:17PM
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 Bang Realty
Investment Insights
Based on property information with market context.
This 8-bay tire and automotive shop facility has two high-ceiling service bays and is operated as a well-established business since 2013. The operation is structured with a balanced mix of retail tire sales and automotive service work.
According to the provided information, tire sales represent 55% of revenue and service work represents 45%, supporting a steady operating profile. The business generated $1.62M+ in stable and proven 2025 revenue.
The offering is presented as an exclusive opportunity for Harworth Tire & Auto, combining the commercial facility configuration with the existing, ongoing service and tire sales operation.
According to the provided information, tire sales represent 55% of revenue and service work represents 45%, supporting a steady operating profile. The business generated $1.62M+ in stable and proven 2025 revenue.
The offering is presented as an exclusive opportunity for Harworth Tire & Auto, combining the commercial facility configuration with the existing, ongoing service and tire sales operation.
Key Highlights
- 8‑bay tire and automotive service shop, built in 2013
- Includes 2 high‑ceiling service bays for vehicle service
- Revenue mix: 55% tire sales and 45% service work
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
$66,988
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
3.12%
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%
$1,339,760
$1.3M
Cap Rate 7%
$956,971
$957.0K
Cap Rate 9%
$744,311
$744.3K
Market Conditions
NOI Build-Up for 7,100 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
$102.2K $14.40/SF
− Vacancy
−$6.5K −$0.92/SF
EGI
$95.7K $13.48/SF
− OpEx
−$28.7K −$4.04/SF
NOI
$67.0K $9.43/SF
Area
Greene County, OH
Vacancy
6.40%
Lease Rate
$14.40 /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%
$1,339,760
Cap Rate 7%
$956,971
Cap Rate 9%
$744,311
Alternative Uses
Best Use
Retail
$957.0K
$837.4K – $1.12M
NOI $66,988 @ 7.0% cap · market cap 3.12%
Second Best
Industrial
$627.3K
$548.9K – $731.9K
NOI $43,912 @ 7.0% cap · market cap 2.04%
Theoretical Best
Office B
$1.33M
$1.17M – $1.56M
NOI $93,449 @ 7.0% cap · market cap 4.35%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
8
Service bays
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
183
Businesses Nearby
28k
Monthly Visits Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 88%
Hotels & Casinos 12%
Skyline Chili
Dining
19,582 visits/mo
0.4 miles
Penn Station East Coast Subs
Dining
5,407 visits/mo
0.4 miles
Hampton Inn & Suites Xenia Dayton
Hotels & Casinos
3,334 visits/mo
0.4 miles
Demographics for 45385, OH
39,446
Population
17,097
Households
2.3
Avg Household Size
42
Median Age
31%
College-Educated
92%
High-School Grad
137.2 sq mi
ZIP Area
288
Density / Sq Mi
$75,327
Median Household Income
$45,396
Median Earnings
$899
Median Rent
$197,300
Median Home Value
Market
Vacancy Rate% for Retail in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Auto shop - Well-established tire and automotive service facility with eight bays, including two high-ceiling service bays.
Where is this auto shop located?
The property is located at 1717 W 2nd St Xenia, OH.
What is the asking price?
The asking price for this property is $2,150,000.
What are key features of this property?
This property features: 8‑bay tire and automotive service shop, built in 2013; Includes 2 high‑ceiling service bays for vehicle service; Revenue mix: 55% tire sales and 45% service work
