Auto Shop With Drive-In
For Sale
$1,950,000
223 Curtis Street, Delaware, OH 43015
M2-zoned facility with updated systems, dedicated paint booth, and flexible industrial functionality.
Property Size17,280 SF
Price / SF$125.39
Days on Market113
Property Features for 223 Curtis Street
General Information
Standard status
Active
Size
17,280 SF
Property subtype
Industrial
Zoning
M2
Warehouse & Industrial
Clear Height
15 ft
Drive-In Doors
4
Three-Phase Power
Yes
Amenities
drive-in doors
clean burn energy system
radiant and gas Reznor heaters
paint booth
3-phase power
high clearance height
Building Details
Building Size
17,280 SF
Year Built
1976
Year Renovated
2022
Buildings
1
Listing Agency:
Alterra Real Estate Advisors
Listed By:
Bradford Kitchen, SIOR
(614) 327-4366
Source:
Alterrare
Added: Jun 25
Changed: Oct 10
Last Checked: Oct 14 at 9:56PM
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 Alterra Real Estate Advisors
Investment Insights
Based on property information with market context.
This 15,552-square-foot auto repair and auto body facility combines a 1976 building with remodeling completed in 2022. The property includes multiple drive-in doors, a dedicated paint booth, substantial electrical service, and warehouse areas with 13- to 15-foot clear heights. Heating and energy features include a Clean Burn waste-oil furnace along with radiant and gas Reznor heaters.
Zoned M2, the facility is positioned for continued automotive use and other industrial applications supported by its physical configuration. Access is provided by three 14-by-14-foot drive-in doors and one 9-by-10-foot drive-in door. Three-phase 120/240 power is installed, providing a substantial electrical platform for operations requiring enhanced service.
Zoned M2, the facility is positioned for continued automotive use and other industrial applications supported by its physical configuration. Access is provided by three 14-by-14-foot drive-in doors and one 9-by-10-foot drive-in door. Three-phase 120/240 power is installed, providing a substantial electrical platform for operations requiring enhanced service.
Key Highlights
- 15,552 SF building currently used for auto repair and auto body work
- M2 zoning with a 1976 building remodeled in 2022
- Three 14’X14′ and one 9’X10′ drive‑in doors
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$60,461
Cap Rate
3.10%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,209,220
$1.2M
Cap Rate 7%
$863,729
$863.7K
Cap Rate 9%
$671,789
$671.8K
Market Conditions
NOI Build-Up for 15,552 SF
Gross rent
$89.6K $5.76/SF
− Vacancy
−$3.2K −$0.21/SF
EGI
$86.4K $5.55/SF
− OpEx
−$25.9K −$1.67/SF
NOI
$60.5K $3.89/SF
Area
Delaware County, OH
Vacancy
3.58%
Lease Rate
$5.76 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,209,220
Cap Rate 7%
$863,729
Cap Rate 9%
$671,789
Alternative Uses
Best Use
Warehouse
$3.13M
$2.74M – $3.66M
NOI $219,418 @ 7.0% cap · market cap 11.25%
Second Best
Industrial
$2.58M
$2.26M – $3.01M
NOI $180,697 @ 7.0% cap · market cap 9.27%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Lease Details
15 ft
Clear height
4
Drive-in doors
Location Intelligence
Trade Area within ½ mile
249
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 43015, OH
57,563
Population
23,287
Households
2.5
Avg Household Size
38
Median Age
47%
College-Educated
96%
High-School Grad
127.9 sq mi
ZIP Area
450
Density / Sq Mi
$99,622
Median Household Income
$50,799
Median Earnings
$1,207
Median Rent
$311,900
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in Midwest region
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Similar Off Market Nearby
- Precision Alignment & Tire Inc — 460 Curtis St, Delaware, OH 43015
- Exact Exhaust — 460 curtis st, delaware, oh 43015
- Heavy Metal Towing and Recovery — 320 London Rd STE D2, Delaware, OH 43015
- MD Transmissions Ltd — 320 London Rd Ste 108, Delaware, OH 43015
- Bauerle Automotive — 223 Curtis St, Delaware, OH 43015
Frequently Asked Questions
What type of property is this?
Auto shop - M2-zoned facility with updated systems, dedicated paint booth, and flexible industrial functionality.
Where is this auto shop located?
The property is located at 223 Curtis Street Delaware, OH.
What is the asking price?
The asking price for this property is $1,950,000.
What are key features of this property?
This property features: 15,552 SF building currently used for auto repair and auto body work; M2 zoning with a 1976 building remodeled in 2022; Three 14’X14′ and one 9’X10′ drive‑in doors
