Turn-Key Automotive Retail
For Sale
$1,700,000
6269-6275 E Main Street, Reynoldsburg, OH 43068
For-sale automotive and retail property offered turn-key with 100% occupancy by established tenants.
Property Size12,153 SF
Price / SF$139.88
Days on Market149
Property Features for 6269-6275 E Main Street
General Information
Standard status
Active
Size
12,153 SF
Property subtype
Retail
Occupancy
100%
Additional Details
Business Included
Yes
Highway Access
Yes
Taxes and HOA fees
Annual Taxes
$31,440
Building Details
Building Size
12,153 SF
Year Built
1988
Tenancy
Multi
Listing Agency:
e-Merge Real Estate
Listed By:
Terry L Ferguson · License #184924
(614) 214-2470
Source:
Camtaylor
Added: Apr 10
Changed: Aug 23
Last Checked: Sep 5 at 7:19AM
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 e-Merge Real Estate
Investment Insights
Based on property information with market context.
This for-sale commercial asset is positioned for immediate, turn-key income, with 100% occupancy and established, reliable tenants. The property is identified within the market as an automotive and retail space, offering an income-producing setup for an investor seeking a ready-to-operate situation.
The property is located at the high-traffic junction along the Main Street and Brice Road corridor in Reynoldsburg, Ohio, and is described as having excellent freeway access. This combination of visibility and access is a key component of the property’s day-to-day commercial draw.
The offering includes both the 6269–6275 E Main Street address range and the existing tenant occupancy as presented in the remarks.
The property is located at the high-traffic junction along the Main Street and Brice Road corridor in Reynoldsburg, Ohio, and is described as having excellent freeway access. This combination of visibility and access is a key component of the property’s day-to-day commercial draw.
The offering includes both the 6269–6275 E Main Street address range and the existing tenant occupancy as presented in the remarks.
Key Highlights
- Commercial property built in 1988
- 100% occupancy with established tenants
- Automotive and retail property offered turn‑key
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
$141,204
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
8.31%
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%
$2,824,080
$2.8M
Cap Rate 7%
$2,017,200
$2.0M
Cap Rate 9%
$1,568,933
$1.6M
Market Conditions
NOI Build-Up for 12,153 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
$265.4K $21.84/SF
− Vacancy
−$63.7K −$5.24/SF
EGI
$201.7K $16.60/SF
− OpEx
−$60.5K −$4.98/SF
NOI
$141.2K $11.62/SF
Area
Franklin County, OH
Vacancy
24.00%
Lease Rate
$21.84 /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%
$2,824,080
Cap Rate 7%
$2,017,200
Cap Rate 9%
$1,568,933
Alternative Uses
Best Use
Retail
$2.31M
$2.02M – $2.70M
NOI $161,873 @ 7.0% cap · market cap 9.52%
Second Best
Industrial
$2.02M
$1.77M – $2.35M
NOI $141,204 @ 7.0% cap · market cap 8.31%
Theoretical Best
Specialty Retail
$2.48M
$2.17M – $2.89M
NOI $173,435 @ 7.0% cap · market cap 10.20%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
100%
Occupancy
Multi-tenant
Tenancy
Turnkey business
Opportunity
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
860
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 43068, OH
59,585
Population
25,294
Households
2.4
Avg Household Size
36
Median Age
30%
College-Educated
91%
High-School Grad
19.6 sq mi
ZIP Area
3,040
Density / Sq Mi
$70,451
Median Household Income
$42,327
Median Earnings
$1,214
Median Rent
$225,500
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.
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Frequently Asked Questions
What type of property is this?
Auto shop - For-sale automotive and retail property offered turn-key with 100% occupancy by established tenants.
Where is this auto shop located?
The property is located at 6269-6275 E Main Street Reynoldsburg, OH.
What is the asking price?
The asking price for this property is $1,700,000.
What are key features of this property?
This property features: Commercial property built in 1988; 100% occupancy with established tenants; Automotive and retail property offered turn‑key
