Six-Bay Automotive Service
New
For Sale
$849,900
480-490 N Main St, Marysville, OH 43040
The facility combines automotive work areas with a customer lobby, restrooms, and a service desk.
Property Size3,180 SF
Price / SF$267.26
Days on Market5
Property Features for 480-490 N Main St
General Information
Standard status
Active
Size
3,180 SF
Automotive
Service Bays
6
Automotive Uses
tire service, auto repair
Tenancy & Operations
Currently Operating
Yes
Real Estate Included
Yes
Additional Details
Road Access
Yes
Taxes and HOA fees
Annual Taxes
$6,763
Amenities
customer lobby
two restrooms
service desk
Building Details
Buildings
1
Listing Agency:
Red 1 Realty
(614) 585-9020
Listed By:
Omar Abouseada · License #2019005277
(614) 735-5860
Source:
Exprealty
Added: Oct 27
Changed: Oct 30
Last Checked: Oct 30 at 3:21PM
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 Red 1 Realty
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
At 480-490 N Main St in Marysville, this automotive service property contains approximately 3,180 square feet, plus a 200-square-foot office. The layout includes six operating service bays, a customer lobby, two restrooms, and a service counter with space for two service writers. A metal roof was replaced in 2008.
Shop equipment is included, including three heavy-duty hydraulic lifts, a rotary hydraulic alignment machine, a coolant flush machine, a hydraulic oil tank, air compressors serving the racks, and a Clean Burn heating system. The existing setup supports automotive repair and tire service operations.
Shop equipment is included, including three heavy-duty hydraulic lifts, a rotary hydraulic alignment machine, a coolant flush machine, a hydraulic oil tank, air compressors serving the racks, and a Clean Burn heating system. The existing setup supports automotive repair and tire service operations.
Key Highlights
- Six operating service bays
- Approximately 3,180 square feet plus a 200‑square‑foot office
- Three heavy‑duty hydraulic lifts and a rotary hydraulic alignment machine included
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$36,948
Cap Rate
4.35%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$738,960
$739.0K
Cap Rate 7%
$527,829
$527.8K
Cap Rate 9%
$410,533
$410.5K
Market Conditions
NOI Build-Up for 3,180 SF
Gross rent
$69.5K $21.84/SF
− Vacancy
−$16.7K −$5.24/SF
EGI
$52.8K $16.60/SF
− OpEx
−$15.8K −$4.98/SF
NOI
$36.9K $11.62/SF
Area
Union County, OH
Vacancy
24.00%
Lease Rate
$21.84 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$738,960
Cap Rate 7%
$527,829
Cap Rate 9%
$410,533
Alternative Uses
Best Use
Industrial
$527.8K
$461.9K – $615.8K
NOI $36,948 @ 7.0% cap · market cap 4.35%
Second Best
Retail
$527.8K
$461.9K – $615.8K
NOI $36,948 @ 7.0% cap · market cap 4.35%
Theoretical Best
Warehouse
$640.9K
$560.8K – $747.8K
NOI $44,865 @ 7.0% cap · market cap 5.28%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
6
Service bays
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
676
Businesses Nearby
27k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 83%
Dining 13%
Electronics 4%
Huntington Bank
Shops & Services
7,486 visits/mo
0.4 miles
Marathon
Shops & Services
6,853 visits/mo
0.4 miles
PNC Bank
Shops & Services
4,234 visits/mo
0.4 miles
Marathon
Shops & Services
2,984 visits/mo
0.3 miles
East of Chicago Pizza
Dining
2,443 visits/mo
0.4 miles
Demographics for 43040, OH
35,853
Population
14,238
Households
2.5
Avg Household Size
37
Median Age
33%
College-Educated
94%
High-School Grad
166.3 sq mi
ZIP Area
216
Density / Sq Mi
$96,320
Median Household Income
$51,951
Median Earnings
$1,180
Median Rent
$275,700
Median Home Value
Market
Vacancy Rate% for Retail in Midwest region
Similar Off Market Nearby
- Buckeye Sun Control — 1014 Columbus Ave, Marysville, OH 43040
- Hometown Auto Center — 120 S Plum St, Marysville, OH 43040
- Electronic Services Agency Inc — 845 e 5th st, marysville, oh 43040
- Colarossi Auto Repair — 822 W 5th St, Marysville, OH 43040
- Gates Brothers Glass — 231N N Main St, Marysville, OH 43040
Frequently Asked Questions
What type of property is this?
Auto shop - The facility combines automotive work areas with a customer lobby, restrooms, and a service desk.
Where is this auto shop located?
The property is located at 480-490 N Main St Marysville, OH.
What is the asking price?
The asking price for this property is $849,900.
What are key features of this property?
This property features: Six operating service bays; Approximately 3,180 square feet plus a 200‑square‑foot office; Three heavy‑duty hydraulic lifts and a rotary hydraulic alignment machine included
