Automotive Service Facility on
For Sale
Contact for pricing
22101 Lorain Road, Fairview Park, OH 44126
Automotive repair building with five service bays, customer reception, office space, and ample parking on a corner lot.
Property Size2,203 SF
Lot Size0.30 Acres
Price / SF$270.09
Days on Market97
Property Features for 22101 Lorain Road
General Information
Standard status
Active
Size
2,203 SF
Class
C
Total Parking Spaces
18
Lot size
0.30 Acres
Property subtype
Retail
Zoning
GB
Investment Type
Owner/User
Additional Details
Road Access
Yes
Service Bays
5
Building Details
Year Built
1949
Units
1
Tenancy
Single
Listing Agency:
Trinity Commercial Realty
Listed By:
Gary Pescatrice · License #OH 0000241394
(216) 402-8000
Source:
Crexi
Added: Jun 1
Changed: Aug 13
Last Checked: Sep 4 at 6:32PM
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
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.
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 = 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
$21,050
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
3.54%
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%
$421,000
$421.0K
Cap Rate 7%
$300,714
$300.7K
Cap Rate 9%
$233,889
$233.9K
Market Conditions
NOI Build-Up for 2,203 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
$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 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%
$421,000
Cap Rate 7%
$300,714
Cap Rate 9%
$233,889
Alternative Uses
Best Use
Industrial
$1.45M
$1.27M – $1.70M
NOI $101,755 @ 7.0% cap · market cap 17.10%
Second Best
Retail
$300.7K
$263.1K – $350.8K
NOI $21,050 @ 7.0% cap · market cap 3.54%
Theoretical Best
Warehouse
$1.77M
$1.54M – $2.06M
NOI $123,560 @ 7.0% cap · market cap 20.77%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
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
Questions? Ask Rey
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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 $595,000.
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
