Fully Occupied Auto Shop
For Sale
$1,700,000
62696275 6269-6275 E Main St, Reynoldsburg, OH 43068
Commercial automotive space with established tenancy and access to a high-traffic corridor.
Property Size12,153 SF
Price / SF$139.88
Days on Market40
Property Features for 62696275 6269-6275 E Main St
General Information
Standard status
Active
Size
12,153 SF
Occupancy
100%
Site & Location
Highway Access
Yes
Road Access
Yes
Building Details
Year Built
1988
Listing Agency:
e-Merge Real Estate
(614) 214-2470
Listed By:
Terry L Ferguson · License #184924
Source:
Dreamcolumbus
Added: Jul 21
Changed: Aug 28
Last Checked: Aug 28 at 12:24PM
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.
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 = 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
Current Use
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
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Car Doctors — 8600 E Main St bldg #1, Reynoldsburg, OH 43068
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- All Ways Fair Mobile Auto — 8932 E Main St, Reynoldsburg, OH 43068
- Hale-Morgan auto services — 8932 E Main St, Reynoldsburg, OH 43068
- Rasaily Auto Repair — 1183 Gladiolus Ct, Reynoldsburg, OH 43068
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
