Auto Shop with
For Sale
$200,000
201 W Main Street, Geneva, OH 44041
Commercially zoned property with on-site parking and an existing automotive use.
Property Size1,167 SF
Lot Size0.54 Acres
Price / SF$171.38
Days on Market61
Property Features for 201 W Main Street
General Information
Standard status
Active
Size
1,167 SF
Total Parking Spaces
15
Lot size
0.54 Acres
Property subtype
Commercial
Zoning
Commercial
Additional Details
Asking Price
$200,000
Road Access
Yes
Taxes and HOA fees
Annual Taxes
$875
Building Details
Building Size
1,167 SF
Year Built
1968
Buildings
1
Listing Agency:
All Points Realty
(440) 812-5169
Listed By:
Kathy Holmes · License #2004020439
(440) 812-5169
Source:
Carolgoffrealestate
Added: Jul 1
Changed: Aug 29
Last Checked: Aug 29 at 10:17PM
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 All Points Realty
Investment Insights
Based on property information with market context.
Built in 1968, this 1,167 sq ft commercial building is currently used as an auto repair shop and includes tools and equipment. The property occupies approximately 0.54 acres and offers on-site parking for the existing operation.
Located at 201 W Main Street in Geneva, the site sits within the city’s Main Street business corridor. Commercial zoning supports the current automotive use, while a drive-through concept or other redevelopment direction may be considered subject to zoning approval.
Located at 201 W Main Street in Geneva, the site sits within the city’s Main Street business corridor. Commercial zoning supports the current automotive use, while a drive-through concept or other redevelopment direction may be considered subject to zoning approval.
Key Highlights
- 1,167 sq ft building on approximately 0.54 acres
- Currently operating as an auto repair shop
- Tools and equipment included
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
453
Businesses Nearby
31k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 82%
Home Improvements & Furnishings 13%
Dining 5%
Circle K
Shops & Services
7,694 visits/mo
0.1 miles
Huntington Bank
Shops & Services
5,840 visits/mo
0.2 miles
Sunoco
Shops & Services
4,049 visits/mo
0.3 miles
Marathon Petroleum
Shops & Services
2,965 visits/mo
0.2 miles
Family Dollar
Shops & Services
2,609 visits/mo
0.3 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
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- R.A.W Kustoms & Restoration — 801 Sherman St, Geneva, OH 44041
- Reese's Auto Services — 557 W Main St, Geneva, OH 44041
- Joe's Auto — 201 w main st #1206, geneva, oh 44041
- Joes auto — 201 W Main St, Geneva, OH 44041
- ACE Auto Repair — 150 W Main St, Geneva, OH 44041
Frequently Asked Questions
What type of property is this?
Auto shop - Commercially zoned property with on-site parking and an existing automotive use.
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 building on approximately 0.54 acres; Currently operating as an auto repair shop; Tools and equipment included
