Six-Bay Auto Service
New
For Sale
$475,000
6050 E Livingston Ave, Columbus, OH 43232
Commercial Sale, Columbus, OH
Property Size3,598 SF
Lot Size0.42 Acres
Price / SF$132.02
Days on Market2
Property Features for 6050 E Livingston Ave
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning description
Mixed Use
Subdivision
Livingston - McNaughten
Lot features
Corner Lot
High school district
Reynoldsburg City
Standard status
Active
APN
060-007296-00
Lot size
0.42 Acres
Taxes and HOA fees
Tax Annual Amount
10821
Building Details
Year built
1966
Roof type
Asphalt
Listing Agency:
Ohio Real Estate Auctions LLC
(937) 581-3037
Listed By:
Christopher Cox · License #SL3538748
(614) 285-7273
Added: Sep 4
Last Checked: Sep 5 at 6:06PM
MLS# 11966516
Copyright © 2026 My State MLS. 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.
Located at 6050 E Livingston Ave in Columbus, this auto shop property includes a 3,598 SF building constructed in 1966. The structure has a durable brick and concrete block exterior, an asphalt roof, and six garage bays. Interior space is arranged with 3,238 SF for auto parts and service functions, along with 360 SF of multi-use retail area.
The property occupies a paved 11,500 SF lot with direct access from E. Livingston Avenue. The site provides room for service vehicles and customer parking, supporting the existing automotive configuration. Its combination of garage capacity, parts and service area, retail space, and paved yard creates a practical layout for continued automotive use.
The property occupies a paved 11,500 SF lot with direct access from E. Livingston Avenue. The site provides room for service vehicles and customer parking, supporting the existing automotive configuration. Its combination of garage capacity, parts and service area, retail space, and paved yard creates a practical layout for continued automotive use.
Key Highlights
- 3,598 SF building constructed in 1966
- Six garage bays within 3,238 SF of auto parts and service space
- 360 SF of multi‑use retail area
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
$41,481
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
8.73%
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%
$829,620
$829.6K
Cap Rate 7%
$592,586
$592.6K
Cap Rate 9%
$460,900
$460.9K
Market Conditions
NOI Build-Up for 3,598 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
$64.8K $18.00/SF
− Vacancy
−$5.5K −$1.53/SF
EGI
$59.3K $16.47/SF
− OpEx
−$17.8K −$4.94/SF
NOI
$41.5K $11.53/SF
Area
Columbus, OH
Vacancy
8.50%
Lease Rate
$18.00 /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%
$829,620
Cap Rate 7%
$592,586
Cap Rate 9%
$460,900
Alternative Uses
Best Use
Retail
$592.6K
$518.5K – $691.4K
NOI $41,481 @ 7.0% cap · market cap 8.73%
Second Best
Industrial
$203.2K
$177.8K – $237.1K
NOI $14,227 @ 7.0% cap · market cap 3.00%
Theoretical Best
Office A
$749.8K
$656.1K – $874.8K
NOI $52,489 @ 7.0% cap · market cap 11.05%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
6
Service bays
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
711
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 43232, OH
44,823
Population
20,211
Households
2.2
Avg Household Size
35
Median Age
18%
College-Educated
86%
High-School Grad
12.4 sq mi
ZIP Area
3,615
Density / Sq Mi
$50,599
Median Household Income
$37,156
Median Earnings
$1,048
Median Rent
$152,700
Median Home Value
Market
Vacancy Rate% for Retail in Columbus, OH
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
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- Midas — 6084 E Livingston Ave, Columbus, OH 43232
- tire discount shop — 6020 E Livingston Ave, Columbus, OH 43232
Frequently Asked Questions
What type of property is this?
Auto shop - Brick-and-concrete-block building with dedicated service, parts, and retail areas on a paved commercial site.
Where is this auto shop located?
The property is located at 6050 E Livingston Ave Columbus, OH.
What is the asking price?
The asking price for this property is $475,000.
What are key features of this property?
This property features: 3,598 SF building constructed in 1966; Six garage bays within 3,238 SF of auto parts and service space; 360 SF of multi‑use retail area
