Two-Bay Auto Repair
For Sale
$139,900
Pending
501 E Trotwood Boulevard, Dayton, OH 45426
COMMERCIAL - Dayton, OH
Property Size1,242 SF
Lot Size0.71 Acres
Days on Market386
Property Features for 501 E Trotwood Boulevard
General Information
Property type
Commercial Sale
Property subtype
Other
Parking
19
Parking features
Parking Lot
Subdivision
Trotwood Terrace
Directions
N/E Corner of Union RD and E. Trotwood Blvd.
Standard status
Pending
APN
H33004020023
Size
1,242 SF
Lot size
0.71 Acres
Taxes and HOA fees
Tax Year
2024
Utilities
Sewer type
Public Sewer
Heating system
Natural Gas, Forced Air
Building Details
Year built
1961
Building materials
Aluminum Siding, Block
Listing Agency:
Coldwell Banker Heritage
(937) 890-2200
Listed By:
James F. Cannon
(937) 890-2200
Added: Jul 28, 2025
Changed: Aug 5
Last Checked: Aug 17 at 5:06PM
MLS# 1040336
Copyright © 2026 Western Regional Information System & Technology, Inc. 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.
This vacant automotive service property includes a 1242 sqft building with two service bays, two lifts, an office, storage area, and one restroom. The structure was built in 1961 and features aluminum siding and block construction. Electric box and restroom updates or replacements are needed, while the condition of the lifts has not been determined. Utilities are currently off.
The building sits on a corner lot at 501 E Trotwood Boulevard in Dayton, Ohio. A 19-space parking lot supports the property, and public sewer service is present. Heating is provided by natural gas and forced air. The site’s use should be confirmed with the City of Trotwood.
The building sits on a corner lot at 501 E Trotwood Boulevard in Dayton, Ohio. A 19-space parking lot supports the property, and public sewer service is present. Heating is provided by natural gas and forced air. The site’s use should be confirmed with the City of Trotwood.
Key Highlights
- 1242 sqft automotive building with 2 service bays
- 2 lifts; condition of lifts is unknown
- Office, storage area, and 1 restroom
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
$11,718
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
8.38%
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%
$234,360
$234.4K
Cap Rate 7%
$167,400
$167.4K
Cap Rate 9%
$130,200
$130.2K
Market Conditions
NOI Build-Up for 1,242 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
$17.9K $14.40/SF
− Vacancy
−$1.1K −$0.92/SF
EGI
$16.7K $13.48/SF
− OpEx
−$5.0K −$4.04/SF
NOI
$11.7K $9.43/SF
Area
Dayton, OH
Vacancy
6.40%
Lease Rate
$14.40 /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%
$234,360
Cap Rate 7%
$167,400
Cap Rate 9%
$130,200
Alternative Uses
Best Use
Retail
$167.4K
$146.5K – $195.3K
NOI $11,718 @ 7.0% cap · market cap 8.38%
Second Best
Industrial
$158.2K
$138.4K – $184.6K
NOI $11,074 @ 7.0% cap · market cap 7.92%
Theoretical Best
Office A
$264.7K
$231.6K – $308.8K
NOI $18,529 @ 7.0% cap · market cap 13.24%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Service bays
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
105
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 45426, OH
14,391
Population
7,476
Households
1.9
Avg Household Size
43
Median Age
21%
College-Educated
94%
High-School Grad
19.9 sq mi
ZIP Area
723
Density / Sq Mi
$51,538
Median Household Income
$37,249
Median Earnings
$927
Median Rent
$111,900
Median Home Value
Market
Vacancy Rate% for Retail in Dayton, OH
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- A1 Who Buys Junk Cars — 34 Stubbs Dr, Dayton, OH 45426
- Grismer Tire & Auto Service Center — 840 E Main St, Trotwood, OH 45426
- Tim's Car Care Clinic — 501 S Broadway St, Trotwood, OH 45426
- A & S Automotive — 501 S Broadway St, Trotwood, OH 45426
- BJ and Sons Auto Repair — 11 S Broadway St, Trotwood, OH 45426
Frequently Asked Questions
What type of property is this?
Auto shop - Vacant automotive service building with office, storage, restroom, lifts, and on-site parking.
Where is this auto shop located?
The property is located at 501 E Trotwood Boulevard Dayton, OH.
What is the asking price?
The asking price for this property is $139,900.
What are key features of this property?
This property features: 1242 sqft automotive building with 2 service bays; 2 lifts; condition of lifts is unknown; Office, storage area, and 1 restroom
