Multi-Bay Automotive Service
For Sale
Contact for pricing
4100 Indianola Avenue, Columbus, OH 43214
Multi-bay automotive facility with five bays, automotive lifts, overhead doors, and a paint booth.
Property Size9,266 SF
Price / SF$312.97
Days on Market102
Property Features for 4100 Indianola Avenue
General Information
Standard status
Active
Size
9,266 SF
Total Parking Spaces
29
Property subtype
Retail
Zoning
Commercial
Lease Type
NNN
Additional Details
Business Included
Yes
Building Details
Year Built
2009
Year Renovated
2010
Tenancy
Single
Listing Agency:
Best Corporate Real Estate
Listed By:
Randy Best · License #311236
(614) 559-3350
Source:
Crexi
Added: May 29
Changed: Sep 5
Last Checked: Sep 7 at 6:13AM
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 Best Corporate Real Estate
Investment Insights
Based on property information with market context.
This multi-bay automotive service facility offers approximately 9,266 square feet of available space with five distinct bays. The main bay includes an exterior door and two automotive lifts for vehicle service. The second bay has two 10' x 10' interior overhead doors, and the third bay includes one interior overhead door. The fourth bay features a paint booth with about 10' clearance. The fifth bay includes two exterior overhead doors, with ceiling heights of approximately 15' throughout.
The property is located on high-traffic Indianola Avenue in Columbus, Ohio.
The bay configuration is supported by a mix of interior and exterior overhead doors, providing flexible access for service and operations within a single facility.
The property is located on high-traffic Indianola Avenue in Columbus, Ohio.
The bay configuration is supported by a mix of interior and exterior overhead doors, providing flexible access for service and operations within a single facility.
Key Highlights
- 5‑bay automotive facility with approx. 9,266 SF available for sale (also available for lease with the associated business)
- Main bay includes 1 exterior door and two automotive lifts
- Second bay has 2 interior overhead doors (each approx. 10' x 10')
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
$106,828
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
3.68%
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%
$2,136,560
$2.1M
Cap Rate 7%
$1,526,114
$1.5M
Cap Rate 9%
$1,186,978
$1.2M
Market Conditions
NOI Build-Up for 9,266 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
$166.8K $18.00/SF
− Vacancy
−$14.2K −$1.53/SF
EGI
$152.6K $16.47/SF
− OpEx
−$45.8K −$4.94/SF
NOI
$106.8K $11.53/SF
Area
Columbus, OH
Vacancy
8.50%
Lease Rate
$18.00 /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%
$2,136,560
Cap Rate 7%
$1,526,114
Cap Rate 9%
$1,186,978
Alternative Uses
Best Use
Retail
$1.53M
$1.34M – $1.78M
NOI $106,828 @ 7.0% cap · market cap 3.68%
Second Best
Industrial
$523.4K
$458.0K – $610.7K
NOI $36,639 @ 7.0% cap · market cap 1.26%
Theoretical Best
Office A
$1.93M
$1.69M – $2.25M
NOI $135,176 @ 7.0% cap · market cap 4.66%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
253
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 43214, OH
26,805
Population
14,343
Households
1.9
Avg Household Size
41
Median Age
65%
College-Educated
98%
High-School Grad
6.8 sq mi
ZIP Area
3,942
Density / Sq Mi
$92,838
Median Household Income
$60,164
Median Earnings
$1,189
Median Rent
$371,200
Median Home Value
Market
Vacancy Rate% for Retail in Columbus, OH
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Payne's Service — 3717 Indianola Ave, Columbus, OH 43214
- Keith Cheeseman's — 3867 Indianola Ave, Columbus, OH 43214
- TongDa Auto Body — 4100 Indianola Ave, Columbus, OH 43214
- Northend Wrench Inc — 4330 Indianola Ave, Columbus, OH 43214
- Physicians jeep — 4382 Indianola Ave, Columbus, OH 43214
Frequently Asked Questions
What type of property is this?
Auto shop - Multi-bay automotive facility with five bays, automotive lifts, overhead doors, and a paint booth.
Where is this auto shop located?
The property is located at 4100 Indianola Avenue Columbus, OH.
What is the asking price?
The asking price for this property is $2,900,000.
What are key features of this property?
This property features: 5‑bay automotive facility with approx. 9,266 SF available for sale (also available for lease with the associated business); Main bay includes 1 exterior door and two automotive lifts; Second bay has 2 interior overhead doors (each approx. 10' x 10')
