Building Details

Buildings 1

Listing Agency: Hoff & Leigh Show Phone

Listed By: Jeff Davis · License #2001007317 Show Phone

Source: Moodyscre

Added: Oct 15 Changed: Oct 19 Last Checked: Oct 19 at 1:59PM

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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 Hoff & Leigh

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Investment Insights

Based on property information with market context.

The 3,548-square-foot auto repair building has two bays and five 14-foot drive-in doors, including doors on both ends that allow vehicles to pass through to the rear lot. The interior also includes a former paint booth area, a small office, and one restroom.

A residence on the property is currently leased and may be included in a sale by request. A parcel split is in process.

Key Highlights

• 3,548‑square‑foot auto repair building
• Two service bays with five 14‑foot drive‑in doors
• Doors at both ends provide drive‑through access to the rear lot

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$22,479

Cap Rate

7.52%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$449,580 $449.6K

Cap Rate 7%

$321,129 $321.1K

Cap Rate 9%

$249,767 $249.8K

Is this asking price fair?

Market Conditions

NOI Build-Up for 3,548 SF

Gross rent

$33.2K $9.36/SF

− Vacancy

−$1.1K −$0.31/SF

EGI

$32.1K $9.05/SF

− OpEx

−$9.6K −$2.72/SF

NOI

$22.5K $6.34/SF

Area

Summit County, OH

Vacancy

3.30%

Lease Rate

$9.36 /SF/Yr

Expense Ratio

30.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$449,580

Cap Rate 7%

$321,129

Cap Rate 9%

$249,767

Alternative Uses

Best Use

Retail

$321.1K

$281.0K – $374.7K (±1% cap)

NOI $22,479 @ 7.0% cap · market cap 7.52%

Second Best

Industrial

$200.9K

$175.8K – $234.4K (±1% cap)

NOI $14,063 @ 7.0% cap · market cap 4.70%

Theoretical Best

Office A

$870.7K

$761.9K – $1.02M (±1% cap)

NOI $60,950 @ 7.0% cap · market cap 20.38%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Current Use

Auto shops

Suggested Use

Top Pick Real Estate Agency Law Firm Restaurant Hair Salon Spa & Massage Center Big Box & Wholesale Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

2

Service bays

Location Intelligence

Trade Area within ½ mile

76

Businesses Nearby

11k

Monthly Visits Nearby

Well-served

Demand for This Use

Explore this area Business Placement

Foot Traffic Nearby

Shops & Services 100%

Circle K Shops & Services

11,253 visits/mo 0.3 miles

Demographics for 44203, OH

39,577

Population

18,198

Households

2.2

Avg Household Size

43

Median Age

21%

College-Educated

91%

High-School Grad

35.0 sq mi

ZIP Area

1,131

Density / Sq Mi

$59,124

Median Household Income

$36,954

Median Earnings

$832

Median Rent

$148,300

Median Home Value

Market

Vacancy Rate% for Retail in Midwest region

8% 2020

7.3% 2021

6.5% 2022

6% 2023

5.7% 2024

6.3% 2025

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Similar Off Market Nearby

• Caliber Collision — 3987 Eastern Rd, Norton, OH 44203
• United Transmission — 5055 Wooster Rd W, Norton, OH 44203
• Supercar Creations Llc — 5075 Wooster Rd W, Norton, OH 44203
• WrenchWorks Truck and Auto Care Norton — 5075 Wooster Rd W, Norton, OH 44203
• Ljh services — 88 Taylor Rd, Barberton, OH 44203

Frequently Asked Questions

What type of property is this?

Auto shop - A former paint booth area, a small office, and one restroom complement the shop’s service bays.

Where is this auto shop located?

The property is located at 5055 Wooster Rd. Barberton, OH.

What is the asking price?

The asking price for this property is $299,000.

What are key features of this property?

This property features: 3,548‑square‑foot auto repair building; Two service bays with five 14‑foot drive‑in doors; Doors at both ends provide drive‑through access to the rear lot