Auto Shop with Repair
For Sale
$550,000
3338 Dorr St, Toledo, OH 43607
Two-building commercial property with a showroom, offices, warehouse space, repair bays, and direct access from a four-lane roadway.
Property Size3,680 SF
Price / SF$149.46
Days on Market110
Property Features for 3338 Dorr St
General Information
Standard status
Active
Size
3,680 SF
Property subtype
Retail
Zoning
Regional Commercial
Site & Location
Traffic Count
33,750 vehicles/day
Road Access
Yes
Warehouse & Industrial
Warehouse Space
2,204 SF
Drive-In Doors
4
Additional Details
Service Bays
4
Amenities
large show room
service desk
2 offices
2 restrooms
fascia signage
Building Details
Building Size
3,680 SF
Year Built
1969
Buildings
2
Abandoned
No
Listing Agency:
SVN Ascension
(734) 344-2317
Listed By:
Patrick West · License #OH #SAL.2023003931
(734) 344-2317
Source:
Svn
Added: May 14
Changed: Aug 30
Last Checked: Aug 30 at 5:22PM
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 SVN Ascension
Investment Insights
Based on property information with market context.
This 3,680-SF automotive property includes two buildings and an adjoining side lot. The 1,476-SF front building is configured with a large showroom, service desk, two offices, and two restrooms. A separate 2,204-SF warehouse and service facility provides repair bays, four 10x15 overhead doors, and one restroom.
The property has 133 ft of frontage on Dorr St, a four-lane roadway with turning lanes, and one curb cut. It sits adjacent to the University of Toledo campus between the signalized intersections of Secor Rd/Dorr St and N Byrne/Dorr St. Regional commercial zoning permits a variety of uses, including auto sales or repair operations. Reported daily traffic volumes are 33,750 on Dorr St, 19,792 on N Byrne Rd, and 14,201 on Secor Rd, all based on 2025 data.
The property has 133 ft of frontage on Dorr St, a four-lane roadway with turning lanes, and one curb cut. It sits adjacent to the University of Toledo campus between the signalized intersections of Secor Rd/Dorr St and N Byrne/Dorr St. Regional commercial zoning permits a variety of uses, including auto sales or repair operations. Reported daily traffic volumes are 33,750 on Dorr St, 19,792 on N Byrne Rd, and 14,201 on Secor Rd, all based on 2025 data.
Key Highlights
- 3,680 total SF across 2 buildings with a side lot
- 1,476‑SF showroom building with service desk, 2 offices, and 2 restrooms
- 2,204‑SF warehouse/facility with repair bays and 4 10x15 overhead doors
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
$27,108
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
4.93%
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%
$542,160
$542.2K
Cap Rate 7%
$387,257
$387.3K
Cap Rate 9%
$301,200
$301.2K
Market Conditions
NOI Build-Up for 3,680 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
$33.1K $9.00/SF
− Vacancy
−$1.2K −$0.33/SF
EGI
$31.9K $8.67/SF
− OpEx
−$4.8K −$1.30/SF
NOI
$27.1K $7.37/SF
Area
Toledo, OH
Vacancy
3.71%
Lease Rate
$9.00 /SF/Yr
Expense Ratio
15.00%
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%
$542,160
Cap Rate 7%
$387,257
Cap Rate 9%
$301,200
Alternative Uses
Best Use
Warehouse
$387.3K
$338.9K – $451.8K
NOI $27,108 @ 7.0% cap · market cap 4.93%
Second Best
Retail
$342.8K
$299.9K – $399.9K
NOI $23,993 @ 7.0% cap · market cap 4.36%
Theoretical Best
Office A
$612.4K
$535.9K – $714.5K
NOI $42,871 @ 7.0% cap · market cap 7.79%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
4
Drive-in doors
4
Service bays
33,750 VPD
Traffic count
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
375
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 43607, OH
20,494
Population
10,568
Households
1.9
Avg Household Size
34
Median Age
22%
College-Educated
89%
High-School Grad
7.2 sq mi
ZIP Area
2,846
Density / Sq Mi
$37,442
Median Household Income
$23,208
Median Earnings
$881
Median Rent
$73,300
Median Home Value
Market
Vacancy Rate% for Industrial in Midwest region
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-building commercial property with a showroom, offices, warehouse space, repair bays, and direct access from a four-lane roadway.
Where is this auto shop located?
The property is located at 3338 Dorr St Toledo, OH.
What is the asking price?
The asking price for this property is $550,000.
What are key features of this property?
This property features: 3,680 total SF across 2 buildings with a side lot; 1,476‑SF showroom building with service desk, 2 offices, and 2 restrooms; 2,204‑SF warehouse/facility with repair bays and 4 10x15 overhead doors
