Auto Repair and Body
For Sale
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237 Curtis St, Delaware, OH 43015
Auto repair and auto body facility with multiple drive-in doors, paint booth, and 13–15' clear height, zoned M2.
Property Size17,244 SF
Price / SF$113.08
Days on Market778
Property Features for 237 Curtis St
General Information
Standard status
Active
Size
17,244 SF
Property subtype
INDUSTRIAL
Zoning
M2
Warehouse & Industrial
Clear Height
15 ft
Drive-In Doors
4
Heavy Power
Yes
Building Details
Year Built
1976
Year Renovated
2022
Listing Agency:
Alterra Real Estate Advisors
(380) 204-7784
Listed By:
Brad L Kitchen, SIOR
(614) 327-4366
Source:
Moodyscre
Added: Sep 10, 2024
Changed: Oct 26
Last Checked: Oct 26 at 7:59PM
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
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Investment Insights
Based on property information with market context.
This auto repair/auto body shop property is currently operating as a repair facility. Built in 1976 and remodeled in 2022, it includes a paint booth, radiant and gas Reznor heaters in the warehouse, and a Clean Burn Energy System for waste oil burning via furnace. The building offers multiple drive-in doors, including three 14' x 14' doors plus one 9' x 10' drive-in door. Clear height is listed at 13' to 15', supported by 3-phase power (120/240).
The property is zoned M2. Annual real estate taxes are reported as $12,860 per year.
With its drive-in access and shop-specific improvements such as the paint booth and furnace system, the layout is designed for vehicle work and related operations.
The property is zoned M2. Annual real estate taxes are reported as $12,860 per year.
With its drive-in access and shop-specific improvements such as the paint booth and furnace system, the layout is designed for vehicle work and related operations.
Key Highlights
- Auto repair/auto body shop currently in use with paint booth
- Zoned M2; built in 1976 and remodeled in 2022
- Multiple drive‑in doors: three 14' x 14', one 9' x 10' (plus three more doors noted as 14' x 14')
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$67,039
Cap Rate
3.44%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,340,780
$1.3M
Cap Rate 7%
$957,700
$957.7K
Cap Rate 9%
$744,878
$744.9K
Market Conditions
NOI Build-Up for 17,244 SF
Gross rent
$99.3K $5.76/SF
− Vacancy
−$3.6K −$0.21/SF
EGI
$95.8K $5.55/SF
− OpEx
−$28.7K −$1.67/SF
NOI
$67.0K $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%
$1,340,780
Cap Rate 7%
$957,700
Cap Rate 9%
$744,878
Alternative Uses
Best Use
Industrial
$2.86M
$2.50M – $3.34M
NOI $200,356 @ 7.0% cap · market cap 10.27%
Second Best
Retail
$957.7K
$838.0K – $1.12M
NOI $67,039 @ 7.0% cap · market cap 3.44%
Theoretical Best
Warehouse
$3.48M
$3.04M – $4.05M
NOI $243,289 @ 7.0% cap · market cap 12.48%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
15 ft
Clear height
4
Drive-in doors
Yes
Heavy power
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 Retail in Midwest region
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 - Auto repair and auto body facility with multiple drive-in doors, paint booth, and 13–15' clear height, zoned M2.
Where is this auto shop located?
The property is located at 237 Curtis St 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: Auto repair/auto body shop currently in use with paint booth; Zoned M2; built in 1976 and remodeled in 2022; Multiple drive‑in doors: three 14' x 14', one 9' x 10' (plus three more doors noted as 14' x 14')
