Building Details

Year built 1966

Roof type Asphalt

Listing Agency: Ohio Real Estate Auctions LLC

Listed By: Christopher Cox Show Phone

Added: Sep 4 Changed: Sep 29 Last Checked: Oct 21 at 8:06AM

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MLS# 11966516

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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.

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 / Yr

$41,481

Cap Rate

8.73%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$829,620 $829.6K

Cap Rate 7%

$592,586 $592.6K

Cap Rate 9%

$460,900 $460.9K

Is this asking price fair?

Market Conditions

NOI Build-Up for 3,598 SF

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 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 (±1% cap)

NOI $41,481 @ 7.0% cap · market cap 8.73%

Second Best

Industrial

$203.2K

$177.8K – $237.1K (±1% cap)

NOI $14,227 @ 7.0% cap · market cap 3.00%

Theoretical Best

Office A

$749.8K

$656.1K – $874.8K (±1% cap)

NOI $52,489 @ 7.0% cap · market cap 11.05%

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

Property Analytics

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Current Use

Auto shops

Suggested Use

Top Pick Law Firm Real Estate Agency Big Box & Wholesale Store Skin Care Clinic Parking Lot & Garage Building Supply

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

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

5.4% 2019

5.2% 2020

4% 2021

3.8% 2022

3.5% 2023

3.8% 2024

4.1% 2025

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Similar Off Market Nearby

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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