Auto Shop with Highway
New
For Sale
$700,000
5670 Brecksville Road, Independence, OH 44131
U-6 zoning permits auto repair shops by right at this highway-oriented property.
Property Size3,416 SF
Lot Size2.27 Acres
Price / SF$204.92
Days on Market3
Property Features for 5670 Brecksville Road
General Information
Standard status
Active
Size
3,416 SF
Lot size
2.27 Acres
Property subtype
Industrial
Zoning
U-6
Additional Details
Highway Access
Yes
Building Details
Buildings
1
Listing Agency:
CBRE - Cleveland
(216) 363-6453
Listed By:
Kevin Moss · License #SAL.2015001299
(216) 363-6453
Source:
Cbre
Added: Aug 11
Changed: Aug 12
Last Checked: Aug 12 at 4:58AM
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 CBRE - Cleveland
Investment Insights
Based on property information with market context.
The property comprises a 3,416-square-foot auto garage on 2.27 acres, currently operating as Hilltop Towing. Its zoning designation is U-6, with auto repair shops permitted by right, supporting continued automotive use of the site.
Located at 5670 Brecksville Road in Independence, the property sits at the I-480/I-77 split and provides approximately 990 linear feet along the highway. The site also has a reported 20-minute population radius of 784,432 people, adding substantial surrounding market reach to its highway-connected setting.
Located at 5670 Brecksville Road in Independence, the property sits at the I-480/I-77 split and provides approximately 990 linear feet along the highway. The site also has a reported 20-minute population radius of 784,432 people, adding substantial surrounding market reach to its highway-connected setting.
Key Highlights
- 3,416 SF auto garage on 2.27 AC
- Currently operating as Hilltop Towing
- U‑6 zoning with auto repair shops permitted by right
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
$32,640
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
4.66%
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%
$652,800
$652.8K
Cap Rate 7%
$466,286
$466.3K
Cap Rate 9%
$362,667
$362.7K
Market Conditions
NOI Build-Up for 3,416 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
$51.2K $15.00/SF
− Vacancy
−$4.6K −$1.35/SF
EGI
$46.6K $13.65/SF
− OpEx
−$14.0K −$4.10/SF
NOI
$32.6K $9.56/SF
Area
Cuyahoga County, OH
Vacancy
9.00%
Lease Rate
$15.00 /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%
$652,800
Cap Rate 7%
$466,286
Cap Rate 9%
$362,667
Alternative Uses
Best Use
Industrial
$2.25M
$1.97M – $2.63M
NOI $157,783 @ 7.0% cap · market cap 22.54%
Second Best
Retail
$466.3K
$408.0K – $544.0K
NOI $32,640 @ 7.0% cap · market cap 4.66%
Theoretical Best
Warehouse
$2.74M
$2.39M – $3.19M
NOI $191,593 @ 7.0% cap · market cap 27.37%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
155
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 44131, OH
20,664
Population
8,861
Households
2.3
Avg Household Size
49
Median Age
40%
College-Educated
97%
High-School Grad
15.7 sq mi
ZIP Area
1,316
Density / Sq Mi
$98,838
Median Household Income
$59,474
Median Earnings
$1,512
Median Rent
$252,400
Median Home Value
Market
Vacancy Rate% for Retail in Midwest region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Trombold Equipment Co — 7500 Wall St suite 115, Valley View, OH 44125
- Sunray Window Films — 5005 Rockside Rd #600-100, Independence, OH 44131
- 216 Member Care Srv — 5706 brecksville rd, independence, oh 44131
- Ford Service — 7900 Exchange Rd, Valley View, OH 44125
- Hilltop Garage — 5670 Brecksville Rd, Independence, OH 44131
Frequently Asked Questions
What type of property is this?
Auto shop - U-6 zoning permits auto repair shops by right at this highway-oriented property.
Where is this auto shop located?
The property is located at 5670 Brecksville Road Independence, OH.
What is the asking price?
The asking price for this property is $700,000.
What are key features of this property?
This property features: 3,416 SF auto garage on 2.27 AC; Currently operating as Hilltop Towing; U‑6 zoning with auto repair shops permitted by right
