Building Details

Year Built 1949

Units 1

Tenancy Single

Listing Agency: Trinity Commercial Realty

Listed By: Gary Pescatrice · License #OH 0000241394 Show Phone

Source: Crexi

Added: Jun 1 Changed: Oct 16 Last Checked: Oct 20 at 9:09PM

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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 Trinity Commercial Realty

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Investment Insights

Based on property information with market context.

This automotive service facility is offered for sale on a highly visible corner parcel at the intersection of Lorain Road and West 221st Street. The 2,203 SF building is currently configured as a full-service repair operation with five service bays, a customer reception area, and office space.

The property sits on approximately 0.30 acres and includes ample on-site parking. Its General Business zoning allows for a variety of commercial uses, supporting both owner-user and investment acquisition. Corner placement provides street visibility along Lorain Road.

As an established automotive use, the site offers a practical layout for service-focused operations, with dedicated bay capacity and front-of-house customer space alongside office accommodations.

Key Highlights

• 2,203 SF automotive service building with five service bays, customer reception area, and office space
• Approximately 0.30‑acre (13,034 SF) corner lot at Lorain Road and West 221st Street
• General Business zoning allowing a variety of commercial uses

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$21,050

Cap Rate

3.73%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$421,000 $421.0K

Cap Rate 7%

$300,714 $300.7K

Cap Rate 9%

$233,889 $233.9K

Is this asking price fair?

Market Conditions

NOI Build-Up for 2,203 SF

Gross rent

$33.0K $15.00/SF

− Vacancy

−$3.0K −$1.35/SF

EGI

$30.1K $13.65/SF

− OpEx

−$9.0K −$4.10/SF

NOI

$21.0K $9.56/SF

Area

Cuyahoga County, OH

Vacancy

9.00%

Lease Rate

$15.00 /SF/Yr

Expense Ratio

30.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$421,000

Cap Rate 7%

$300,714

Cap Rate 9%

$233,889

Alternative Uses

Best Use

Industrial

$1.45M

$1.27M – $1.70M (±1% cap)

NOI $101,755 @ 7.0% cap · market cap 18.01%

Second Best

Retail

$300.7K

$263.1K – $350.8K (±1% cap)

NOI $21,050 @ 7.0% cap · market cap 3.73%

Theoretical Best

Warehouse

$1.77M

$1.54M – $2.06M (±1% cap)

NOI $123,560 @ 7.0% cap · market cap 21.87%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Current Use

Auto shops

Suggested Use

Top Pick Real Estate Agency Restaurant Big Box & Wholesale Store Pharmacy Building Supply Auto Repair Shop

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

5

Service bays

Yes

Paved road access

Location Intelligence

Trade Area within ½ mile

664

Businesses Nearby

Well-served

Demand for This Use

Explore this area Business Placement

Demographics for 44126, OH

17,235

Population

8,099

Households

2.1

Avg Household Size

43

Median Age

47%

College-Educated

96%

High-School Grad

4.5 sq mi

ZIP Area

3,830

Density / Sq Mi

$77,944

Median Household Income

$49,851

Median Earnings

$966

Median Rent

$225,800

Median Home Value

Market

Vacancy Rate% for Retail in Midwest region

8% 2020

7.3% 2021

6.5% 2022

6% 2023

5.7% 2024

6.3% 2025

Similar Off Market Nearby

• Pittstop automotive LLC — 23303 Lorain Rd #328, North Olmsted, OH 44070
• Premier Auto Service of North Olmsted — 23055 Lorain Rd, North Olmsted, OH 44070
• Roldan's Car Services — 23055 lorain rd, north olmsted, oh 44070
• Midas — 22870 lorain rd, fairview park, oh 44126
• Drellishak's Auto Care — 22690 Lorain Rd, Fairview Park, OH 44126

Frequently Asked Questions

What type of property is this?

Auto shop - Automotive repair building with five service bays, customer reception, office space, and ample parking on a corner lot.

Where is this auto shop located?

The property is located at 22101 Lorain Road Fairview Park, OH.

What is the asking price?

The asking price for this property is $565,000.

What are key features of this property?

This property features: 2,203 SF automotive service building with five service bays, customer reception area, and office space; Approximately 0.30‑acre (13,034 SF) corner lot at Lorain Road and West 221st Street; General Business zoning allowing a variety of commercial uses