Auto Shop and Recycling
For Sale
$1,100,000
3210 East 65th Street, Cleveland, OH 44127
Two buildings, a fenced vehicle lot, and automotive-recycling improvements occupy a commercial corner parcel.
Property Size9,702 SF
Lot Size5.30 Acres
Price / SF$113.38
Days on Market10
Property Features for 3210 East 65th Street
General Information
Standard status
Active
Size
9,702 SF
Lot size
5.30 Acres
Property subtype
Warehouse
Site & Location
Road Access
Yes
Fenced Yard
Yes
Outdoor Storage
Yes
Additional Details
Business Included
Yes
Building Details
Building Size
9,702 SF
Buildings
2
Listing Agency:
RIOsource Group
(937) 206-1925
Listed By:
Douglas Klang
(937) 206-1925
Source:
Thebrokerlist
Added: Aug 21
Changed: Aug 30
Last Checked: Aug 30 at 12:54PM
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 RIOsource Group
Investment Insights
Based on property information with market context.
This automotive property includes two buildings totaling 9,702 square feet on 5.30 acres. The sale includes an operating auto-recycling business, cars, parts, a tow motor, a work truck, and its website. The property also includes a gray building and fenced car lot on a smaller section across Bessemer Avenue.
The commercial corner parcel has frontage along both East 65th Street and Bessemer Avenue. The business sells parts nationally through its website, while the buildings and outdoor areas support vehicle, parts, and equipment operations. Proof of funds is required to view the property and financials.
The commercial corner parcel has frontage along both East 65th Street and Bessemer Avenue. The business sells parts nationally through its website, while the buildings and outdoor areas support vehicle, parts, and equipment operations. Proof of funds is required to view the property and financials.
Key Highlights
- Two buildings totaling 9,702 SF on 5.30 acres
- Automotive recycling business with cars and parts included
- Tow motor and work truck included in the sale
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
$93,212
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
8.47%
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%
$1,864,240
$1.9M
Cap Rate 7%
$1,331,600
$1.3M
Cap Rate 9%
$1,035,689
$1.0M
Market Conditions
NOI Build-Up for 9,702 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
$145.5K $15.00/SF
− Vacancy
−$12.4K −$1.28/SF
EGI
$133.2K $13.73/SF
− OpEx
−$39.9K −$4.12/SF
NOI
$93.2K $9.61/SF
Area
Cleveland, OH
Vacancy
8.50%
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%
$1,864,240
Cap Rate 7%
$1,331,600
Cap Rate 9%
$1,035,689
Alternative Uses
Best Use
Retail
$1.33M
$1.17M – $1.55M
NOI $93,212 @ 7.0% cap · market cap 8.47%
Second Best
Warehouse
$691.4K
$605.0K – $806.7K
NOI $48,401 @ 7.0% cap · market cap 4.40%
Theoretical Best
Office A
$2.37M
$2.07M – $2.76M
NOI $165,732 @ 7.0% cap · market cap 15.07%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Turnkey business
Opportunity
Yes
Fenced yard
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
602
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 44127, OH
4,179
Population
2,182
Households
1.9
Avg Household Size
37
Median Age
10%
College-Educated
67%
High-School Grad
1.8 sq mi
ZIP Area
2,322
Density / Sq Mi
$32,955
Median Household Income
$29,000
Median Earnings
$657
Median Rent
$50,600
Median Home Value
Market
Vacancy Rate% for Industrial in Cleveland, OH
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
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Frequently Asked Questions
What type of property is this?
Auto shop - Two buildings, a fenced vehicle lot, and automotive-recycling improvements occupy a commercial corner parcel.
Where is this auto shop located?
The property is located at 3210 East 65th Street Cleveland, OH.
What is the asking price?
The asking price for this property is $1,100,000.
What are key features of this property?
This property features: Two buildings totaling 9,702 SF on 5.30 acres; Automotive recycling business with cars and parts included; Tow motor and work truck included in the sale
