Storefront Property with Garage
For Sale
$320,000
4714 Main Avenue, Ashtabula, OH 44004
Commercially zoned building with prior automotive service use and retail potential.
Property Size5,412 SF
Lot Size0.33 Acres
Price / SF$59.13
Days on Market315
Property Features for 4714 Main Avenue
General Information
Standard status
Active
Size
5,412 SF
Total Parking Spaces
6
Lot size
0.33 Acres
Property subtype
Commercial
Zoning
Commercial
Additional Details
Asking Price
$299,000
Taxes and HOA fees
Annual Taxes
$2,288
Building Details
Year Built
1968
Buildings
1
Stories
1
Listing Agency:
Platinum Real Estate
(440) 251-4776
Listed By:
Jim Sivalon · License #2019001484
(440) 251-4776
Source:
Carolgoffrealestate
Added: Oct 20, 2025
Changed: Aug 30
Last Checked: Aug 30 at 5:29PM
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 Platinum Real Estate
Investment Insights
Based on property information with market context.
This 5,412-square-foot commercial building occupies an approximately 0.33-acre parcel and was previously operated as an auto service garage. The property is suited to retail or vehicle-related business use, combining a storefront-oriented classification with an automotive-service history. Built in 1968, the building provides an established commercial structure for an owner-user or business seeking a location with both retail and automotive relevance.
The property is located at 4714 Main Avenue in Ashtabula, Ohio, within proximity to Lake Erie, Ashtabula Harbor, and the Hubbard House Underground Railroad Museum. Commercial zoning supports the property’s broader business positioning, while its prior garage operation may be relevant to vehicle-related occupants. The parcel number is 052070000400.
The property is located at 4714 Main Avenue in Ashtabula, Ohio, within proximity to Lake Erie, Ashtabula Harbor, and the Hubbard House Underground Railroad Museum. Commercial zoning supports the property’s broader business positioning, while its prior garage operation may be relevant to vehicle-related occupants. The parcel number is 052070000400.
Key Highlights
- 5,412 square feet of commercial building area
- Approximately 0.33‑acre parcel
- Previously used as an auto service garage
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
$18,712
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
5.85%
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%
$374,240
$374.2K
Cap Rate 7%
$267,314
$267.3K
Cap Rate 9%
$207,911
$207.9K
Market Conditions
NOI Build-Up for 5,412 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
$27.3K $5.04/SF
− Vacancy
−$546 −$0.10/SF
EGI
$26.7K $4.94/SF
− OpEx
−$8.0K −$1.48/SF
NOI
$18.7K $3.46/SF
Area
Ashtabula County, OH
Vacancy
2.00%
Lease Rate
$5.04 /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%
$374,240
Cap Rate 7%
$267,314
Cap Rate 9%
$207,911
Alternative Uses
Best Use
Retail
$948.8K
$830.2K – $1.11M
NOI $66,418 @ 7.0% cap · market cap 20.76%
Second Best
Industrial
$267.3K
$233.9K – $311.9K
NOI $18,712 @ 7.0% cap · market cap 5.85%
Theoretical Best
Office A
$1.01M
$882.5K – $1.18M
NOI $70,597 @ 7.0% cap · market cap 22.06%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
559
Businesses Nearby
18k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 100%
Dollar General
Shops & Services
7,810 visits/mo
0.4 miles
Shell
Shops & Services
4,962 visits/mo
0.5 miles
U.S. Bank
Shops & Services
4,633 visits/mo
0.1 miles
Fisher Auto Parts
Shops & Services
216 visits/mo
0.2 miles
Demographics for 44004, OH
31,661
Population
15,262
Households
2.1
Avg Household Size
44
Median Age
15%
College-Educated
87%
High-School Grad
74.1 sq mi
ZIP Area
427
Density / Sq Mi
$49,507
Median Household Income
$31,471
Median Earnings
$813
Median Rent
$120,300
Median Home Value
Market
Vacancy Rate% for Retail in Midwest region
Questions? Ask Rey
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Similar Off Market Nearby
- Capitena's floral and gift shoppe — 5440 Main Ave, Ashtabula, OH 44004
- Flowers on the Avenue — 4415 Elm Ave, Ashtabula, OH 44004
Frequently Asked Questions
What type of property is this?
Storefront property - Commercially zoned building with prior automotive service use and retail potential.
Where is this storefront property located?
The property is located at 4714 Main Avenue Ashtabula, OH.
What is the asking price?
The asking price for this property is $320,000.
What are key features of this property?
This property features: 5,412 square feet of commercial building area; Approximately 0.33‑acre parcel; Previously used as an auto service garage
