Mixed-Use Property with Auto
For Sale
$750,000
33660 E Royalton Road, Columbia Station, OH 44028
A detached residence sits alongside an automotive garage equipped with a vehicle lift and paint booth.
Property Size8,100 SF
Price / SF$92.59
Days on Market49
Property Features for 33660 E Royalton Road
General Information
Standard status
Active
Size
8,100 SF
Property subtype
Mixed Use
Additional Details
Real Estate Included
Yes
Property Use
Light Industrial
Taxes and HOA fees
Annual Taxes
$10,088
Amenities
car lift
paint booth
Building Details
Year Built
1967
Buildings
2
Listing Agency:
Life Stages Realty LLC
Listed By:
Nicolette Kuebeler · License #2022002552
(330) 322-3637
Source:
Lifestagesrealty
Added: Sep 9
Changed: Oct 26
Last Checked: Oct 26 at 2:55PM
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 Life Stages Realty LLC
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Investment Insights
Based on property information with market context.
This mixed-use property pairs an 8,100 sq. ft. commercial garage with a 1,800 sq. ft. residence at the front of the site. The garage includes a car lift and paint booth. The home has three bedrooms and one bathroom, creating a residential component alongside the commercial space.
Built in 1967, the property is located on E Royalton Road in Columbia Station, Ohio.
Built in 1967, the property is located on E Royalton Road in Columbia Station, Ohio.
Key Highlights
- 8,100 sq. ft. commercial garage with car lift and paint booth
- 1,800 sq. ft. residence with 3 bedrooms and 1 bathroom
- Located at 33660 E Royalton Road in Columbia Station, Ohio
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$30,600
Cap Rate
4.08%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$612,000
$612.0K
Cap Rate 7%
$437,143
$437.1K
Cap Rate 9%
$340,000
$340.0K
Market Conditions
NOI Build-Up for 8,100 SF
Gross rent
$45.4K $5.61/SF
− Vacancy
−$1.7K −$0.21/SF
EGI
$43.7K $5.40/SF
− OpEx
−$13.1K −$1.62/SF
NOI
$30.6K $3.78/SF
Area
Lorain County, OH
Vacancy
3.80%
Lease Rate
$5.61 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$612,000
Cap Rate 7%
$437,143
Cap Rate 9%
$340,000
Alternative Uses
Best Use
Office B
$1.46M
$1.28M – $1.70M
NOI $102,242 @ 7.0% cap · market cap 13.63%
Second Best
Mixed Use
$1.20M
$1.05M – $1.40M
NOI $83,835 @ 7.0% cap · market cap 11.18%
Theoretical Best
Office A
$2.04M
$1.79M – $2.38M
NOI $142,884 @ 7.0% cap · market cap 19.05%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
120
Businesses Nearby
Explore this area
Business Placement
Demographics for 44028, OH
8,931
Population
3,907
Households
2.3
Avg Household Size
48
Median Age
32%
College-Educated
93%
High-School Grad
33.6 sq mi
ZIP Area
266
Density / Sq Mi
$86,991
Median Household Income
$55,761
Median Earnings
$1,438
Median Rent
$313,400
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Midwest region
Frequently Asked Questions
What type of property is this?
Mixed-use property - A detached residence sits alongside an automotive garage equipped with a vehicle lift and paint booth.
Where is this mixed-use property located?
The property is located at 33660 E Royalton Road Columbia Station, OH.
What is the asking price?
The asking price for this property is $750,000.
What are key features of this property?
This property features: 8,100 sq. ft. commercial garage with car lift and paint booth; 1,800 sq. ft. residence with 3 bedrooms and 1 bathroom; Located at 33660 E Royalton Road in Columbia Station, Ohio
