Turnkey Automotive Showroom and
For Sale
$199,900
601 Marietta Ave, Cambridge, OH 43725
Own a two-building automotive showroom and shop setup with mechanics bays, offices, and key equipment included.
Property Size4,430 SF
Price / SF$45.12
Days on Market73
Property Features for 601 Marietta Ave
General Information
Standard status
Active
Size
4,430 SF
Additional Details
Business Included
Yes
Listing Agency:
Leonard and Newland Real Estate Services
(740) 260-3937
Listed By:
Jeffery A Leonard
(740) 260-3937
Source:
Exprealty
Added: May 27
Changed: Jul 10
Last Checked: Jul 31 at 12:16PM
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 Leonard and Newland Real Estate Services
Investment Insights
Based on property information with market context.
This turnkey automotive property includes two buildings on the site, with all inventory transfers available except the owners’ personal items. The first building measures 36' x 49' and provides approximately 1,764 square feet. The second building measures 62' x 43' and offers approximately 2,666 square feet, including a showroom, office, restroom, and a mechanics bay equipped with an overhead chain hoist. The building also features a new roof installed about 5 years ago and is heated with radiant gas heaters.
The property is located at 601 Marietta Ave in Cambridge, Ohio. The layout supports a hands-on operation, combining customer-facing space in the showroom with functional shop improvements for service and mechanical work.
For buyers seeking a ready-to-operate automotive business and workspace, the configuration offers practical separation between office and showroom areas and the mechanics bay for day-to-day tasks. Included equipment and assets are intended to transfer at sale, with tools noted as transferring as well. Additional items mentioned include counters, signs, a 175,000 BTU furnace that is not hooked up, and multiple collectors and business-related inventory items listed in the remarks.
The property is located at 601 Marietta Ave in Cambridge, Ohio. The layout supports a hands-on operation, combining customer-facing space in the showroom with functional shop improvements for service and mechanical work.
For buyers seeking a ready-to-operate automotive business and workspace, the configuration offers practical separation between office and showroom areas and the mechanics bay for day-to-day tasks. Included equipment and assets are intended to transfer at sale, with tools noted as transferring as well. Additional items mentioned include counters, signs, a 175,000 BTU furnace that is not hooked up, and multiple collectors and business-related inventory items listed in the remarks.
Key Highlights
- Two‑building automotive showroom/shop setup with mechanics bay features
- 36' x 49' building with 1,764 SF
- 62' x 43' building with 2,666 SF, including showroom, office, restroom, and mechanics bay
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
$18,204
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
9.11%
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%
$364,080
$364.1K
Cap Rate 7%
$260,057
$260.1K
Cap Rate 9%
$202,267
$202.3K
Market Conditions
NOI Build-Up for 4,430 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
$28.4K $6.41/SF
− Vacancy
−$2.4K −$0.54/SF
EGI
$26.0K $5.87/SF
− OpEx
−$7.8K −$1.76/SF
NOI
$18.2K $4.11/SF
Area
Guernsey County, OH
Vacancy
8.42%
Lease Rate
$6.41 /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%
$364,080
Cap Rate 7%
$260,057
Cap Rate 9%
$202,267
Alternative Uses
Best Use
Retail
$647.2K
$566.3K – $755.1K
NOI $45,306 @ 7.0% cap · market cap 22.66%
Second Best
Industrial
$260.1K
$227.6K – $303.4K
NOI $18,204 @ 7.0% cap · market cap 9.11%
Theoretical Best
Mixed Use
$1.03M
$901.0K – $1.20M
NOI $72,080 @ 7.0% cap · market cap 36.06%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
578
Businesses Nearby
7k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 33%
Shops & Services 29%
Beauty & Spa 26%
Home Improvements & Furnishings 12%
Papa John's Pizza
Dining
2,234 visits/mo
0.5 miles
Merle Norman Cosmetic Studio
Beauty & Spa
1,750 visits/mo
0.5 miles
Cashland
Shops & Services
1,701 visits/mo
0.5 miles
Sherwin-Williams Paint Store
Home Improvements & Furnishings
813 visits/mo
0.5 miles
OneMain Financial
Shops & Services
235 visits/mo
0.5 miles
Demographics for 43725, OH
19,520
Population
9,667
Households
2
Avg Household Size
43
Median Age
17%
College-Educated
88%
High-School Grad
124.2 sq mi
ZIP Area
157
Density / Sq Mi
$51,612
Median Household Income
$35,781
Median Earnings
$789
Median Rent
$160,400
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
- Cambridge Top Tech — 695 Southgate Pkwy, Cambridge, OH 43725
- Advanced Automotives — 902 Woodlawn Ave, Cambridge, OH 43725
- Patriot Automotive and Performance — 1205 Woodlawn Ave, Cambridge, OH 43725
- REED'S Top Tech — 695 Southgate Pkwy, Cambridge, OH 43725
- Dunning Ford Service — 1051 Southgate Pkwy, Cambridge, OH 43725
Frequently Asked Questions
What type of property is this?
Auto shop - Own a two-building automotive showroom and shop setup with mechanics bays, offices, and key equipment included.
Where is this auto shop located?
The property is located at 601 Marietta Ave Cambridge, OH.
What is the asking price?
The asking price for this property is $199,900.
What are key features of this property?
This property features: Two‑building automotive showroom/shop setup with mechanics bay features; 36' x 49' building with 1,764 SF; 62' x 43' building with 2,666 SF, including showroom, office, restroom, and mechanics bay
