Six-Bay Automotive Service
New
For Sale
$849,900
490 N Main Street 480, Marysville, OH 43040
Equipped service facility with customer lobby, two restrooms, and dedicated space for service advising.
Property Size3,180 SF
Price / SF$267.26
Days on Market7
Property Features for 490 N Main Street 480
General Information
Standard status
Active
Size
3,180 SF
Property subtype
Automotive
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
Building Size
3,180 SF
Year Built
1949
Buildings
1
Listing Agency:
Red 1 Realty
Listed By:
Omar Abouseada · License #2019005277
(614) 735-5860
Source:
Camtaylor
Added: Oct 27
Changed: Nov 1
Last Checked: Nov 1 at 3:17PM
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.
This automotive service property in Marysville includes 3,180 square feet plus a separate 200-square-foot office. The layout provides six service bays, a customer lobby, two restrooms, and a service desk with room for two service writers. Included shop equipment comprises three heavy-duty hydraulic lifts, a rotary hydraulic alignment machine, a coolant flush machine, a hydraulic oil tank, and air compressors serving the racks. A Clean Burn heating system is also installed. The metal roof was replaced in 2008.
Key Highlights
- Six working service bays in a 3,180‑square‑foot facility
- Additional 200‑square‑foot office, customer lobby, two restrooms, and a service desk for two service writers
- Includes three commercial heavy‑duty hydraulic lifts, rotary hydraulic alignment machine, and coolant flush machine
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 - Equipped service facility with customer lobby, two restrooms, and dedicated space for service advising.
Where is this auto shop located?
The property is located at 490 N Main Street 480 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 working service bays in a 3,180‑square‑foot facility; Additional 200‑square‑foot office, customer lobby, two restrooms, and a service desk for two service writers; Includes three commercial heavy‑duty hydraulic lifts, rotary hydraulic alignment machine, and coolant flush machine
