Building Details

Year Built 1988

Listing Agency: e-Merge Real Estate

Listed By: Terry L Ferguson · License #184924 Show Phone

Source: Thelorilynngroup

Added: Jul 21 Changed: Oct 6 Last Checked: Oct 7 at 3:57PM

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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 auto shop property contains 12,153 square feet and was built in 1988. The asset is fully occupied by established tenants, providing an existing operating profile for a prospective owner.

Located at 6269-6275 E Main St in Reynoldsburg, Ohio, the property sits at the junction of Main Street and the Brice Road corridor. The site also offers freeway access, supporting connectivity within the surrounding commercial area.

Key Highlights

• 12,153‑square‑foot auto shop property
• 100% occupancy with established tenants
• Built in 1988

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$141,204

Cap Rate

8.31%

Suggested Prices Based on Cap Rates

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

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 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 (±1% cap)

NOI $161,873 @ 7.0% cap · market cap 9.52%

Second Best

Industrial

$2.02M

$1.77M – $2.35M (±1% cap)

NOI $141,204 @ 7.0% cap · market cap 8.31%

Theoretical Best

Specialty Retail

$2.48M

$2.17M – $2.89M (±1% cap)

NOI $173,435 @ 7.0% cap · market cap 10.20%

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

Property Analytics

Current Use

Auto shops

Suggested Use

Top Pick Real Estate Agency Restaurant Building Supply Big Box & Wholesale Store Auto Parts Store Garden Center

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

100%

Occupancy

Yes

Highway access

Yes

Paved road access

Location Intelligence

Trade Area within ½ mile

81

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

8% 2020

7.3% 2021

6.5% 2022

6% 2023

5.7% 2024

6.3% 2025

Questions? Ask Rey

Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

What type of property is this? Where is this auto shops located? What is the asking price? Find similar properties What are key features of this property?

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Frequently Asked Questions

What type of property is this?

Auto shop - Commercial automotive space with established tenancy and access to a high-traffic corridor.

Where is this auto shop located?

The property is located at 62696275 6269-6275 E Main St 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: 12,153‑square‑foot auto shop property; 100% occupancy with established tenants; Built in 1988