Established Tire Business For
For Sale
$350,000
394 N High St, Chillicothe, OH 45601
Well-respected tire business on a highly visible corner lot.
Property Size2,020 SF
Price / SF$173.27
Days on Market147
Property Features for 394 N High St
General Information
Standard status
Active
Size
2,020 SF
Building Details
Year Built
1937
Listing Agency:
ERA Martin & Associates (C)
Listed By:
Tammy Miller
(740) 774-4500
Source:
Thetomlinson
Added: May 22
Changed: Oct 12
Last Checked: Oct 7 at 1:25PM
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 ERA Martin & Associates (C)
Investment Insights
Based on property information with market context.
This established tire business, operating for over 45 years, is located on a highly visible corner lot, offering excellent exposure and easy access. The property features a well-maintained building of 2020 square feet, which includes a two-bay garage, a waiting room, a bathroom, and office space. Ample tire storage is available. The sale encompasses a tire inventory and essential equipment, including two tire changers, one balancer, one car lift, and an air compressor. This presents a turnkey opportunity for a new owner. The location offers opportunities for various business ventures.
Key Highlights
- Turnkey tire business opportunity with established reputation (45+ years).
- Prime corner lot location with high visibility and easy access.
- Includes substantial tire inventory and essential equipment (tire changers, balancer, lift, compressor).
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$14,986
Cap Rate
4.28%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$299,720
$299.7K
Cap Rate 7%
$214,086
$214.1K
Cap Rate 9%
$166,511
$166.5K
Market Conditions
NOI Build-Up for 2,020 SF
Gross rent
$22.3K $11.04/SF
− Vacancy
−$892 −$0.44/SF
EGI
$21.4K $10.60/SF
− OpEx
−$6.4K −$3.18/SF
NOI
$15.0K $7.42/SF
Area
Ross County, OH
Vacancy
4.00%
Lease Rate
$11.04 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$299,720
Cap Rate 7%
$214,086
Cap Rate 9%
$166,511
Alternative Uses
Best Use
Retail
$214.1K
$187.3K – $249.8K
NOI $14,986 @ 7.0% cap · market cap 4.28%
Second Best
Industrial
$118.6K
$103.8K – $138.4K
NOI $8,301 @ 7.0% cap · market cap 2.37%
Theoretical Best
Office A
$381.2K
$333.5K – $444.7K
NOI $26,683 @ 7.0% cap · market cap 7.62%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
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Current Use
Location Intelligence
Trade Area within ½ mile
932
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 45601, OH
56,849
Population
23,358
Households
2.4
Avg Household Size
41
Median Age
18%
College-Educated
88%
High-School Grad
348.7 sq mi
ZIP Area
163
Density / Sq Mi
$57,430
Median Household Income
$39,973
Median Earnings
$858
Median Rent
$160,800
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in Midwest region
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Similar Off Market Nearby
- U-Haul Neighborhood Dealer — 60 Riverside St #175, Chillicothe, OH 45601
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- Central Center Hardware — 653 Central Center, Chillicothe, OH 45601
Frequently Asked Questions
What type of property is this?
Automotive property - Well-respected tire business on a highly visible corner lot.
Where is this automotive property located?
The property is located at 394 N High St Chillicothe, OH.
What is the asking price?
The asking price for this property is $350,000.
What are key features of this property?
This property features: Turnkey tire business opportunity with established reputation (45+ years).; Prime corner lot location with **high visibility and easy access.**; Includes substantial tire inventory and essential equipment (tire changers, balancer, lift, compressor).
