Automotive Service Facility with
407 Peters Avenue Troy, OH 45373
For Sale
$450,000
Automotive shop built in 1974 with multiple repair bays, paint/body workspace, and a recently renovated office.
Property Size4,296 SF
Price / SF$104.75
Days on Market889
Property Features for 407 Peters Avenue
General Information
- Standard status
- Active
- Size
- 4,296 SF
- Property subtype
- General Commercial
Building Details
- Year Built
- 1974
Listing Agency:
(937) 665-1800
Listed By:
Coldwell Banker Heritage Realtors
(937) 665-1800
Source:
Xome
Added: Feb 15, 2024
Changed: Jul 23
Last Checked: Jul 23 at 3:28AM
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 Coldwell Banker Heritage Realtors
Investment Insights
Based on property information with market context.
This for-sale automotive service facility was built in 1974 and includes designated space for auto repair with multiple bays. In addition to the repair area, the property has a separate space for a paint booth and body work. A recently renovated office provides dedicated administrative space within the building.
The business at the property is Bodey’s Automotive, established in 1990 and family owned, offering auto repair services and car/collision service. The sale also includes equipment, a book of business, and the ability to own and operate the established company.
The property is being offered for sale as a turn-key automotive service operation with on-site shop improvements and an updated office component.
The business at the property is Bodey’s Automotive, established in 1990 and family owned, offering auto repair services and car/collision service. The sale also includes equipment, a book of business, and the ability to own and operate the established company.
The property is being offered for sale as a turn-key automotive service operation with on-site shop improvements and an updated office component.
Key Highlights
- Automotive shop built in 1974 with designated auto repair space and multiple bays
- Separate paint booth and body work area for collision/paint services
- Recently renovated office with central air and heating
Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $61.9k | $14.40 |
| − Vacancy | −$4.0k | −$0.92 |
| EGI | $57.9k | $13.48 |
| − OpEx | −$17.4k | −$4.04 |
| NOI | $40.5k | $9.43 |
4,296 SF · lease $14.40/SF/yr · vacancy 6.40% · expense 30.00%
Alternative Uses
Best Use
Industrial
$676.3K
$591.7K – $789.0K
NOI $47,338 @ 7.0% cap · market cap 10.52%
Second Best
Retail
$579.0K
$506.7K – $675.5K
NOI $40,532 @ 7.0% cap · market cap 9.01%
Theoretical Best
Office A
$875.6K
$766.1K – $1.02M
NOI $61,289 @ 7.0% cap · market cap 13.62%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Smith Co.
Advertising Agency
Bodey's Automotive
Auto Repair Shop
Similar Off Market Nearby
- Bodey's Automotive — 407 Peters Ave, Troy, OH 45373
- Bradley's Auto Services — 1150 S Market St, Troy, OH 45373
- Caliber Collision — 200 Peters Ave, Troy, OH 45373
- Chevrolet Of Troy Service — 1375 S Market St, Troy, OH 45373
- Evolution Coatings and Automotive Upfitting — 1421 S Market St, Troy, OH 45373
FAQs
What type of property is this?
Auto shop - Automotive shop built in 1974 with multiple repair bays, paint/body workspace, and a recently renovated office.
Where is this auto shop located?
The property is located at 407 Peters Avenue Troy, OH.
What is the asking price?
The asking price for this property is $450,000.
What are key features of this property?
This property features: Automotive shop built in 1974 with designated auto repair space and multiple bays; Separate paint booth and body work area for collision/paint services; Recently renovated office with central air and heating
