Turnkey Auto Repair
For Sale
Contact for pricing
2234 Newton Street, Akron, OH 44305
Turnkey auto repair operation with a dedicated shop building and large customer parking area for convenient servicing.
Property Size5,320 SF
Lot Size0.45 Acres
Price / SF$150.19
Days on Market88
Property Features for 2234 Newton Street
General Information
Standard status
Active
Size
5,320 SF
Total Parking Spaces
10
Lot size
0.45 Acres
Property subtype
Retail, Business for Sale
Additional Details
Business Included
Yes
Building Details
Year Built
1962
Units
10
Listing Agency:
Pathway Real Estate
(330) 592-0082
Listed By:
Kara Hernandez · License #2019004277
Source:
Crexi
Added: May 27
Changed: Aug 14
Last Checked: Aug 19 at 9:44PM
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 Pathway Real Estate
Investment Insights
Based on property information with market context.
This turnkey auto repair shop is offered for sale as an operating business. The property includes a 5,320-square-foot building designed for automotive repair work, situated on approximately 0.4470 acres. A large parking area supports convenient access for customers and staff, helping keep daily operations functional and customer-friendly.
The shop is located at 2234 Newton Street in Akron, Ohio, on a high-visibility, high-traffic site as described in the offering. The property is set up to accommodate customer arrival and vehicle service activity through the onsite parking layout.
For an experienced auto repair operator, the most direct benefit is that the business is already operating from an appropriate repair facility, rather than requiring a new buildout from scratch. For buyers evaluating an automotive-focused investment, the combination of a dedicated shop building and substantial parking can support ongoing service operations and routine customer flow. The property is being presented as a complete, turn-key opportunity for ownership and continued use as an auto repair shop.
The shop is located at 2234 Newton Street in Akron, Ohio, on a high-visibility, high-traffic site as described in the offering. The property is set up to accommodate customer arrival and vehicle service activity through the onsite parking layout.
For an experienced auto repair operator, the most direct benefit is that the business is already operating from an appropriate repair facility, rather than requiring a new buildout from scratch. For buyers evaluating an automotive-focused investment, the combination of a dedicated shop building and substantial parking can support ongoing service operations and routine customer flow. The property is being presented as a complete, turn-key opportunity for ownership and continued use as an auto repair shop.
Key Highlights
- Automotive repair shop for sale at 2234 Newton Street, Akron, OH
- Established, fully operational business operating from a 5,320‑SF shop building
- Building sits on approximately 0.4470 acres with a large parking area
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
$60,066
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
7.52%
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%
$1,201,320
$1.2M
Cap Rate 7%
$858,086
$858.1K
Cap Rate 9%
$667,400
$667.4K
Market Conditions
NOI Build-Up for 5,320 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
$88.7K $16.68/SF
− Vacancy
−$2.9K −$0.55/SF
EGI
$85.8K $16.13/SF
− OpEx
−$25.7K −$4.84/SF
NOI
$60.1K $11.29/SF
Area
Akron, OH
Vacancy
3.30%
Lease Rate
$16.68 /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%
$1,201,320
Cap Rate 7%
$858,086
Cap Rate 9%
$667,400
Alternative Uses
Best Use
Retail
$858.1K
$750.8K – $1.00M
NOI $60,066 @ 7.0% cap · market cap 7.52%
Second Best
Industrial
$354.4K
$310.1K – $413.5K
NOI $24,810 @ 7.0% cap · market cap 3.11%
Theoretical Best
Office A
$1.31M
$1.14M – $1.52M
NOI $91,390 @ 7.0% cap · market cap 11.44%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
218
Businesses Nearby
30k
Monthly Visits Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 74%
Dining 26%
Circle K
Shops & Services
13,854 visits/mo
0.0 miles
Dollar Tree
Shops & Services
8,182 visits/mo
0.1 miles
Bob Evans Restaurant
Dining
7,826 visits/mo
0.4 miles
Demographics for 44305, OH
21,214
Population
10,230
Households
2.1
Avg Household Size
38
Median Age
17%
College-Educated
88%
High-School Grad
6.7 sq mi
ZIP Area
3,166
Density / Sq Mi
$55,909
Median Household Income
$37,409
Median Earnings
$974
Median Rent
$89,900
Median Home Value
Market
Vacancy Rate% for Retail in Akron, OH
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Auto shop - Turnkey auto repair operation with a dedicated shop building and large customer parking area for convenient servicing.
Where is this auto shop located?
The property is located at 2234 Newton Street Akron, OH.
What is the asking price?
The asking price for this property is $799,000.
What are key features of this property?
This property features: Automotive repair shop for sale at 2234 Newton Street, Akron, OH; Established, fully operational business operating from a 5,320‑SF shop building; Building sits on approximately 0.4470 acres with a large parking area
