Corner-Lot Auto
For Sale
$199,000
205 Pasco Montra Road, Port Jefferson, OH 45360
COMMERCIAL - Port Jefferson, OH
Property Size1,690 SF
Lot Size0.44 Acres
Price / SF$117.75
Days on Market273
Property Features for 205 Pasco Montra Road
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning description
Commercial
Parking features
Garage
Fireplace
1
Basement
Unfinished
Subdivision
Village/Port Jefferson
Directions
Corner of Pasco Montra and Main St in Port Jefferson
Standard status
Active
APN
421916229011
Size
1,690 SF
Lot size
0.44 Acres
Taxes and HOA fees
Tax Year
2024
Utilities
Sewer type
Public Sewer
Cooling system
Wall Unit(s)
Water source
Well
Building Details
Year built
1900
Building materials
Vinyl Siding
Additional Structures
Workshop
Listing Agency:
Realty 2000 Group
(937) 492-8055
Listed By:
Tracy Comer
(937) 492-8055
Added: Nov 22, 2025
Changed: Aug 5
Last Checked: Aug 22 at 11:06AM
MLS# 1042712
Copyright © 2026 Western Regional Information System & Technology, Inc. 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 1,690-square-foot auto shop occupies a 0.44-acre corner parcel at 205 Pasco Montra Road in Port Jefferson, Ohio. Built in 1900, the property has vinyl siding, wall-unit cooling, a fireplace, and garage parking. Commercial zoning and the existing garage configuration accommodate the automotive, workshop, storage, and small-business uses identified for the site. The property is offered as-is.
Water is supplied by a well, while the property is connected to public sewer. The building has a documented history of business use spanning nearly a century, providing established commercial context for the site. Its corner-lot placement adds a distinct physical characteristic within the local setting.
Water is supplied by a well, while the property is connected to public sewer. The building has a documented history of business use spanning nearly a century, providing established commercial context for the site. Its corner-lot placement adds a distinct physical characteristic within the local setting.
Key Highlights
- 1,690‑square‑foot commercial garage on a 0.44‑acre corner lot
- Commercially zoned property with an auto‑shop configuration
- Built in 1900 with a history of business use spanning nearly 100 years
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
$12,538
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
6.30%
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%
$250,760
$250.8K
Cap Rate 7%
$179,114
$179.1K
Cap Rate 9%
$139,311
$139.3K
Market Conditions
NOI Build-Up for 1,690 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
$18.7K $11.04/SF
− Vacancy
−$746 −$0.44/SF
EGI
$17.9K $10.60/SF
− OpEx
−$5.4K −$3.18/SF
NOI
$12.5K $7.42/SF
Area
Shelby County, OH
Vacancy
4.00%
Lease Rate
$11.04 /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%
$250,760
Cap Rate 7%
$179,114
Cap Rate 9%
$139,311
Alternative Uses
Best Use
Retail
$179.1K
$156.7K – $209.0K
NOI $12,538 @ 7.0% cap · market cap 6.30%
Second Best
Industrial
$99.2K
$86.8K – $115.8K
NOI $6,945 @ 7.0% cap · market cap 3.49%
Theoretical Best
Specialty Retail
$471.4K
$412.5K – $550.0K
NOI $32,997 @ 7.0% cap · market cap 16.58%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
36
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 45360, OH
300
Population
207
Households
1.4
Avg Household Size
44
Median Age
6%
College-Educated
83%
High-School Grad
0.2 sq mi
ZIP Area
1,500
Density / Sq Mi
$44,464
Median Household Income
$35,417
Median Earnings
$850
Median Rent
$103,900
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.
Frequently Asked Questions
What type of property is this?
Auto shop - Commercial zoning, garage parking, and flexible space for automotive work, storage, workshops, or small-business operations.
Where is this auto shop located?
The property is located at 205 Pasco Montra Road Port Jefferson, OH.
What is the asking price?
The asking price for this property is $199,000.
What are key features of this property?
This property features: 1,690‑square‑foot commercial garage on a 0.44‑acre corner lot; Commercially zoned property with an auto‑shop configuration; Built in 1900 with a history of business use spanning nearly 100 years
