Four-Bay Auto
For Sale
$500,000
41825 N Ridge Road, Elyria, OH 44035
CommercialSale, Elyria, OH
Property Size2,500 SF
Lot Size0.20 Acres
Price / SF$200
Days on Market557
Property Features for 41825 N Ridge Road
General Information
Property type
Commercial Sale
Property subtype
Other
Subdivision
Wilbur Heights
Elementary school district
Elyria CSD - 4706
Middle school district
Elyria CSD - 4706
High school district
Elyria CSD - 4706
Directions
RT 57 TO N RIDGE TO 41825.
Standard status
Active
APN
06-22-018-106-011
Lot size
0.20 Acres
Taxes and HOA fees
Tax Year
2024
Tax Description
WILBUR HTS FRNT 0060.00 DPTH 0148.00 6/26/14 TOD 2014-0509506
Tax Annual Amount
7750
Legal Description
WILBUR HTS FRNT 0060.00 DPTH 0148.00 6/26/14 TOD 2014-0509506
Utilities
Heating system
Forced Air
Amenities
spray booth
exhaust system
ADA compliant bathrooms
air conditioned lobby
reception counter
private office
concrete parking lot
brick front
Building Details
Year built
2002
Listing Agency:
Russell Real Estate Services
(440) 327-6511
Listed By:
Chad Schneider · License #2003013268
(440) 225-8449
Added: Mar 29, 2025
Changed: Oct 5
Last Checked: Oct 6 at 5:06PM
MLS# 5109455
Copyright © 2026 MLS Now. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
Built in 2002, this auto shop offers approximately 2,500+ square feet across four garage bays with about 12+ feet of ceiling height. A spray booth with an exhaust system supports shop operations. The building also includes an air-conditioned lobby with a reception counter, a private office, and two ADA-compliant restrooms. A concrete parking area and a small outdoor storage space behind the shop are also part of the property.
The property comprises two parcels totaling 0.2 acres and sits on a corner lot along N Ridge Road. GB (General Business) zoning is in place. Daily traffic counts on the roadway exceed 12k, and the site is less than 10 minutes from the I-90/57 and RT2/Middle Ridge exits and the Ohio Turnpike.
The property comprises two parcels totaling 0.2 acres and sits on a corner lot along N Ridge Road. GB (General Business) zoning is in place. Daily traffic counts on the roadway exceed 12k, and the site is less than 10 minutes from the I-90/57 and RT2/Middle Ridge exits and the Ohio Turnpike.
Key Highlights
- Four garage bays with about 12+ feet of ceiling height
- Approximately 2,500+ sq ft; built in 2002
- Spray booth equipped with an exhaust system
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$25,148
Cap Rate
5.03%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$502,960
$503.0K
Cap Rate 7%
$359,257
$359.3K
Cap Rate 9%
$279,422
$279.4K
Market Conditions
NOI Build-Up for 2,500 SF
Gross rent
$37.5K $15.00/SF
− Vacancy
−$1.6K −$0.63/SF
EGI
$35.9K $14.37/SF
− OpEx
−$10.8K −$4.31/SF
NOI
$25.1K $10.06/SF
Area
Lorain County, OH
Vacancy
4.20%
Lease Rate
$15.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$502,960
Cap Rate 7%
$359,257
Cap Rate 9%
$279,422
Alternative Uses
Best Use
Retail
$359.3K
$314.4K – $419.1K
NOI $25,148 @ 7.0% cap · market cap 5.03%
Second Best
Industrial
$134.9K
$118.1K – $157.4K
NOI $9,444 @ 7.0% cap · market cap 1.89%
Theoretical Best
Office A
$630.0K
$551.3K – $735.0K
NOI $44,100 @ 7.0% cap · market cap 8.82%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
4
Service bays
12,000 VPD
Traffic count
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
238
Businesses Nearby
14k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 69%
Dining 31%
Family Dollar
Shops & Services
4,575 visits/mo
0.2 miles
Exxon
Shops & Services
2,862 visits/mo
0.2 miles
Marco's Pizza
Dining
2,291 visits/mo
0.1 miles
AutoZone
Shops & Services
2,214 visits/mo
0.1 miles
Krispy Krunchy Chicken
Dining
2,111 visits/mo
0.2 miles
Demographics for 44035, OH
61,921
Population
29,637
Households
2.1
Avg Household Size
42
Median Age
17%
College-Educated
88%
High-School Grad
47.6 sq mi
ZIP Area
1,301
Density / Sq Mi
$54,362
Median Household Income
$38,493
Median Earnings
$871
Median Rent
$147,600
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
- Simple Fix Automotives — 42383 N Ridge Rd, Elyria, OH 44035
- Little Nicks Automotive — 5400 Hecock Ave, Lorain, OH 44055
- Tabor Auto Repair — 42419 N Ridge Rd, Elyria, OH 44035
- Tire Choice Auto Service Centers — 42483 N Ridge Rd, Elyria, OH 44035
- Imports and Performance LLC — 1717 N Ridge Rd, Elyria, OH 44055
Frequently Asked Questions
What type of property is this?
Auto shop - GB-zoned facility includes a spray booth, office, reception area, and two ADA-compliant restrooms.
Where is this auto shop located?
The property is located at 41825 N Ridge Road Elyria, OH.
What is the asking price?
The asking price for this property is $500,000.
What are key features of this property?
This property features: Four garage bays with about 12+ feet of ceiling height; Approximately 2,500+ sq ft; built in 2002; Spray booth equipped with an exhaust system
