Auto Shop with Central
For Sale
$249,900
2065 S County Road 25a, Troy, OH 45373
COMMERCIAL - Troy, OH
Property Size1,560 SF
Lot Size0.56 Acres
Price / SF$160.19
Days on Market344
Property Features for 2065 S County Road 25a
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning description
Commercial, Residential
Parking features
Parking Lot
Patio and Porch features
Porch, Patio
Interior features
Ceiling Fan(s)
Basement
Full, Unfinished
Appliances
Dishwasher, Gas Water Heater, Water Softener Rented
Lot features
Residential Lot
Directions
South Market to 25A
Subdivision
701 Troy
Standard status
Active
APN
C06016200
Size
1,560 SF
Lot size
0.56 Acres
Taxes and HOA fees
Tax Year
2024
Utilities
Sewer type
Septic Tank
Heating system
Natural Gas, Forced Air
Cooling system
Central Air
Water source
Well
Building Details
Year built
1936
Building materials
Aluminum Siding, Wood Siding
Listing Agency:
Garden Gate Realty, Inc.
(937) 335-2522
Listed By:
Greg McGillvary
(937) 335-2522
Added: Sep 8, 2025
Changed: Aug 5
Last Checked: Aug 17 at 11:06AM
MLS# 1041261
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.
Auto shop property currently used for automotive sales, offering flexible use for multiple purposes. The building includes central air conditioning, natural gas forced-air heating, and ceiling fan(s). Interior amenities include a dishwasher and a gas water heater, with a rented water softener. Exterior construction is aluminum siding and wood siding, and the property has both a porch and a patio. Parking is provided via a parking lot.
The property sits on a 0.56-acre lot and is zoned for commercial and residential use. It is located at 2065 S County Road 25a in Troy, OH (Miami County). For utilities, the home is served by a well water source and a septic tank.
Built in 1936, the property totals 1,560 square feet and is positioned for buyers seeking an automotive-oriented facility with additional adaptable potential under its commercial/residential zoning.
The property sits on a 0.56-acre lot and is zoned for commercial and residential use. It is located at 2065 S County Road 25a in Troy, OH (Miami County). For utilities, the home is served by a well water source and a septic tank.
Built in 1936, the property totals 1,560 square feet and is positioned for buyers seeking an automotive-oriented facility with additional adaptable potential under its commercial/residential zoning.
Key Highlights
- 0.56‑acre lot with 1,560 SF auto shop building
- Currently used for automotive sales with multiple‑purpose potential
- Central air plus natural gas forced‑air heating
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
$17,190
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
6.88%
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%
$343,800
$343.8K
Cap Rate 7%
$245,571
$245.6K
Cap Rate 9%
$191,000
$191.0K
Market Conditions
NOI Build-Up for 1,560 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
$26.2K $16.80/SF
− Vacancy
−$1.7K −$1.06/SF
EGI
$24.6K $15.74/SF
− OpEx
−$7.4K −$4.72/SF
NOI
$17.2K $11.02/SF
Area
Miami County, OH
Vacancy
6.30%
Lease Rate
$16.80 /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%
$343,800
Cap Rate 7%
$245,571
Cap Rate 9%
$191,000
Alternative Uses
Best Use
Industrial
$245.6K
$214.9K – $286.5K
NOI $17,190 @ 7.0% cap · market cap 6.88%
Second Best
Retail
$210.3K
$184.0K – $245.3K
NOI $14,718 @ 7.0% cap · market cap 5.89%
Theoretical Best
Office A
$317.9K
$278.2K – $370.9K
NOI $22,256 @ 7.0% cap · market cap 8.91%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
67
Businesses Nearby
581
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 100%
Napa Auto Parts
Shops & Services
581 visits/mo
0.3 miles
Demographics for 45373, OH
36,863
Population
15,691
Households
2.3
Avg Household Size
41
Median Age
33%
College-Educated
93%
High-School Grad
87.7 sq mi
ZIP Area
420
Density / Sq Mi
$78,278
Median Household Income
$47,859
Median Earnings
$933
Median Rent
$234,400
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.
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- Automotive Repair — 1964 S Co Rd 25A, Troy, OH 45373
Frequently Asked Questions
What type of property is this?
Auto shop - Auto shop with central air on a 0.56-acre lot, served by well water and a septic tank system.
Where is this auto shop located?
The property is located at 2065 S County Road 25a Troy, OH.
What is the asking price?
The asking price for this property is $249,900.
What are key features of this property?
This property features: 0.56‑acre lot with 1,560 SF auto shop building; Currently used for automotive sales with multiple‑purpose potential; Central air plus natural gas forced‑air heating
