Automotive Repair Shop
For Sale
$200,000
201 W Main Street, Geneva, OH 44041
COMMERCIAL - Geneva, OH
Property Size1,167 SF
Lot Size0.54 Acres
Price / SF$171.38
Days on Market49
Property Features for 201 W Main Street
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning description
Commercial
Parking
15
Elementary school district
Geneva Area CSD - 404
Middle school district
Geneva Area CSD - 404
High school district
Geneva Area CSD - 404
Directions
West of 534 on the corner of Rte 20 and Eagle.
Standard status
Active
APN
200060010800
Lot size
0.54 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
1 N OF RIDGE & COROF EAGLE
Tax Annual Amount
875
Legal Description
1 N OF RIDGE & COROF EAGLE
Utilities
Sewer type
Public Sewer
Heating system
Forced Air
Water source
Public
Building Details
Year built
1968
Floors in Building
1
Roof type
Flat, Rubber
Listing Agency:
All Points Realty
(440) 703-6339
Listed By:
Kathy Holmes · License #2004020439
(440) 812-5169
Added: Jul 1
Changed: Aug 4
Last Checked: Aug 18 at 12:06PM
MLS# 5201867
Copyright © 2026 MLS Now. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This commercial property features a 1,167 sq ft building on approximately 0.54 acres, currently operating as an auto repair shop. The sale includes some tools and equipment, providing a relatively turnkey setup for an owner-operator who wants to maintain automotive use. The site offers ample on-site parking and includes a configuration that allows for consideration of a drive-through concept, subject to applicable zoning and approvals.
The property is located at 201 W Main Street in Geneva, Ohio, within the heart of the city’s Main Street business corridor. It benefits from commercial zoning and strong visibility expected from its frontage on a primary retail and service area.
For buyers, the existing shop setup supports continued automotive repairs for an operator seeking an in-place business. Because the property is positioned for drive-through functionality and is described as having flexibility for other retail concepts, it may also be of interest to investors or operators exploring a convenience-focused use, such as a drive-through liquor store or other drive-thru format, subject to zoning approval. Redevelopment into a different convenience-oriented retail use may be possible, depending on what the local zoning and permitting process allows.
The property is located at 201 W Main Street in Geneva, Ohio, within the heart of the city’s Main Street business corridor. It benefits from commercial zoning and strong visibility expected from its frontage on a primary retail and service area.
For buyers, the existing shop setup supports continued automotive repairs for an operator seeking an in-place business. Because the property is positioned for drive-through functionality and is described as having flexibility for other retail concepts, it may also be of interest to investors or operators exploring a convenience-focused use, such as a drive-through liquor store or other drive-thru format, subject to zoning approval. Redevelopment into a different convenience-oriented retail use may be possible, depending on what the local zoning and permitting process allows.
Key Highlights
- 1,167 sq ft commercial building on approx. 0.54 acres in Geneva’s Main Street business corridor
- Currently operating as an auto repair shop; includes some tools and equipment
- Commercial zoning with ample on‑site parking
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
$14,322
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
7.16%
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%
$286,440
$286.4K
Cap Rate 7%
$204,600
$204.6K
Cap Rate 9%
$159,133
$159.1K
Market Conditions
NOI Build-Up for 1,167 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
$21.0K $18.00/SF
− Vacancy
−$546 −$0.47/SF
EGI
$20.5K $17.53/SF
− OpEx
−$6.1K −$5.26/SF
NOI
$14.3K $12.27/SF
Area
Ashtabula County, OH
Vacancy
2.60%
Lease Rate
$18.00 /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%
$286,440
Cap Rate 7%
$204,600
Cap Rate 9%
$159,133
Alternative Uses
Best Use
Retail
$204.6K
$179.0K – $238.7K
NOI $14,322 @ 7.0% cap · market cap 7.16%
Second Best
Industrial
$57.6K
$50.4K – $67.3K
NOI $4,035 @ 7.0% cap · market cap 2.02%
Theoretical Best
Office A
$217.5K
$190.3K – $253.7K
NOI $15,223 @ 7.0% cap · market cap 7.61%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
448
Businesses Nearby
29k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 81%
Home Improvements & Furnishings 14%
Dining 6%
Circle K
Shops & Services
7,694 visits/mo
0.2 miles
Huntington Bank
Shops & Services
5,840 visits/mo
0.3 miles
Sunoco
Shops & Services
4,049 visits/mo
0.5 miles
Marathon Petroleum
Shops & Services
2,965 visits/mo
0.3 miles
Family Dollar
Shops & Services
2,609 visits/mo
0.5 miles
Demographics for 44041, OH
13,910
Population
7,155
Households
1.9
Avg Household Size
46
Median Age
18%
College-Educated
91%
High-School Grad
65.1 sq mi
ZIP Area
214
Density / Sq Mi
$58,438
Median Household Income
$37,644
Median Earnings
$816
Median Rent
$167,000
Median Home Value
Market
Vacancy Rate% for Retail in Midwest region
Questions? Ask Rey
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Similar Off Market Nearby
- Joe's Auto — 201 w main st #1206, geneva, oh 44041
- Reese's Auto Services — 557 W Main St, Geneva, OH 44041
- Joes auto — 201 W Main St, Geneva, OH 44041
- ACE Auto Repair — 150 W Main St, Geneva, OH 44041
- R.A.W Kustoms & Restoration — 801 Sherman St, Geneva, OH 44041
Frequently Asked Questions
What type of property is this?
Auto shop - Turnkey auto repair operation with on-site parking and drive-through potential along a Main Street business corridor.
Where is this auto shop located?
The property is located at 201 W Main Street Geneva, OH.
What is the asking price?
The asking price for this property is $200,000.
What are key features of this property?
This property features: 1,167 sq ft commercial building on approx. 0.54 acres in Geneva’s Main Street business corridor; Currently operating as an auto repair shop; includes some tools and equipment; Commercial zoning with ample on‑site parking
