Tire Service Auto
For Sale
Contact for pricing
612 12th St NE, Canton, OH 44704
Updated major building systems and included FF&E support continued automotive use.
Property Size4,200 SF
Price / SF$89.29
Days on Market201
Property Features for 612 12th St NE
General Information
Standard status
Active
Size
4,200 SF
Property subtype
RETAIL
Additional Details
Business Included
Yes
Traffic Count
11,780 vehicles/day
Listing Agency:
Putman Properties, Inc
(330) 495-8292
Listed By:
Saylor Putman · License #BRKP.2024002388
(330) 495-8292
Source:
Moodyscre
Added: Feb 11
Changed: Aug 30
Last Checked: Aug 30 at 6:06PM
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 Putman Properties, Inc
Investment Insights
Based on property information with market context.
This 4,200-square-foot auto shop operates as a tire-service facility, with furniture, fixtures, and equipment included in the sale. Major mechanical systems, including the roof, were updated in 2022.
The property is positioned along 12th St NE, which records approximately 11,780 vehicles per day. Its existing automotive configuration and included FF&E provide a functional base for continued tire-service operations.
The property is positioned along 12th St NE, which records approximately 11,780 vehicles per day. Its existing automotive configuration and included FF&E provide a functional base for continued tire-service operations.
Key Highlights
- 4,200‑square‑foot auto shop configured for tire‑service operations
- Furniture, fixtures, and equipment included in the sale
- Major mechanical systems, including the roof, updated in 2022
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
$14,190
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
3.78%
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%
$283,800
$283.8K
Cap Rate 7%
$202,714
$202.7K
Cap Rate 9%
$157,667
$157.7K
Market Conditions
NOI Build-Up for 4,200 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
$20.6K $4.91/SF
− Vacancy
−$351 −$0.08/SF
EGI
$20.3K $4.83/SF
− OpEx
−$6.1K −$1.45/SF
NOI
$14.2K $3.38/SF
Area
Stark County, OH
Vacancy
1.70%
Lease Rate
$4.91 /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%
$283,800
Cap Rate 7%
$202,714
Cap Rate 9%
$157,667
Alternative Uses
Best Use
Retail
$1.10M
$959.5K – $1.28M
NOI $76,760 @ 7.0% cap · market cap 20.47%
Second Best
Industrial
$202.7K
$177.4K – $236.5K
NOI $14,190 @ 7.0% cap · market cap 3.78%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
11,780 VPD
Traffic count
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
1,096
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 44704, OH
3,723
Population
1,992
Households
1.9
Avg Household Size
40
Median Age
10%
College-Educated
90%
High-School Grad
2.1 sq mi
ZIP Area
1,773
Density / Sq Mi
$34,063
Median Household Income
$26,548
Median Earnings
$790
Median Rent
$65,100
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
- Major League Tire and Service — 620 Tuscarawas St W, Canton, OH 44702
- Towings Service Canton — 238 cleveland ave nw, canton, oh 44702
- Downtown Automotive Service Center — 301 Cherry Ave NE, Canton, OH 44702
- Dynamic Recovery LLC — 1434 7th St NE, Canton, OH 44704
- Elmer's Auto World — 1734 Emerson Pl NE, Canton, OH 44704
Frequently Asked Questions
What type of property is this?
Auto shop - Updated major building systems and included FF&E support continued automotive use.
Where is this auto shop located?
The property is located at 612 12th St NE Canton, OH.
What is the asking price?
The asking price for this property is $375,000.
What are key features of this property?
This property features: 4,200‑square‑foot auto shop configured for tire‑service operations; Furniture, fixtures, and equipment included in the sale; Major mechanical systems, including the roof, updated in 2022
