Auto Shop With
702 Charles Street, Galion, OH 44833
For Sale
$495,000
Auto Service,Business Service,Industrial,Professional/Office,Other, Galion, OH
Property Size6,600 SF
Lot Size1.63 Acres
Price / SF$75
Days on Market200
Property Features for 702 Charles Street
General Information
Property type
Property subtype
Directions
Subdivision
Standard status
APN
Lot size
Additional Details
Real Estate Included
Corner Location
Taxes and HOA fees
Tax Description
Tax Annual Amount
Legal Description
Utilities
Sewer type
Heating system
Building Details
Year built
Listing Agency:
Dream Huge Realty
(419) 528-8260
Listed By:
Jessica Damron
(419) 512-3594
Added: Apr 22
Changed: Oct 30
Last Checked: Nov 7 at 11:06PM
MLS# 9073098
Copyright © 2026 Mansfield Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
This 6,600-square-foot auto shop property includes a main building arranged with showroom and office areas, along with a dedicated service department. The offering spans 1.63 acres across 7 parcels and includes expansive parking positioned across the street. Constructed in 1958, the property is heated by natural gas and served by public sewer.
The site occupies the corner of Charles Street and N East Street in Galion, Ohio, providing access from two streets. GI-General Industrial zoning supports the property's existing automotive configuration and offers a broad industrial setting for continued commercial use.
The site occupies the corner of Charles Street and N East Street in Galion, Ohio, providing access from two streets. GI-General Industrial zoning supports the property's existing automotive configuration and offers a broad industrial setting for continued commercial use.
Key Highlights
- 6,600 total sq ft commercial property
- 1.63‑acre site comprising 7 parcels
- Main building includes showroom and office space
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$27,121
Cap Rate
5.48%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$542,420
$542.4K
Cap Rate 7%
$387,443
$387.4K
Cap Rate 9%
$301,344
$301.3K
Market Conditions
NOI Build-Up for 6,600 SF
Gross rent
$42.3K $6.41/SF
− Vacancy
−$3.6K −$0.54/SF
EGI
$38.7K $5.87/SF
− OpEx
−$11.6K −$1.76/SF
NOI
$27.1K $4.11/SF
Area
Crawford County, OH
Vacancy
8.42%
Lease Rate
$6.41 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$542,420
Cap Rate 7%
$387,443
Cap Rate 9%
$301,344
Alternative Uses
Best Use
Retail
$699.5K
$612.1K – $816.1K
NOI $48,965 @ 7.0% cap · market cap 9.89%
Second Best
Industrial
$387.4K
$339.0K – $452.0K
NOI $27,121 @ 7.0% cap · market cap 5.48%
Theoretical Best
Specialty Retail
$1.29M
$1.13M – $1.51M
NOI $90,567 @ 7.0% cap · market cap 18.30%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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See the owner, sales and loan history
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Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
280
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 44833, OH
16,786
Population
8,278
Households
2
Avg Household Size
44
Median Age
16%
College-Educated
91%
High-School Grad
90.4 sq mi
ZIP Area
186
Density / Sq Mi
$57,234
Median Household Income
$39,535
Median Earnings
$772
Median Rent
$127,700
Median Home Value
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Market
Vacancy Rate% for Retail in Midwest region
Similar Off Market Nearby
- Piper's Collision Center — 374 S Market St, Galion, OH 44833
- American Iron — 322 S Market St, Galion, OH 44833
- Ruhls Diesel Service — 200 South St, Galion, OH 44833
- Galion Tire Shop — 200 South St, Galion, OH 44833
- Greasers 501 — 501 Harding Way E, Galion, OH 44833
Frequently Asked Questions
What type of property is this?
Auto shop - Corner commercial property with showroom, offices, service facilities, and GI-General Industrial zoning.
Where is this auto shop located?
The property is located at 702 Charles Street Galion, OH.
What is the asking price?
The asking price for this property is $495,000.
What are key features of this property?
This property features: 6,600 total sq ft commercial property; 1.63‑acre site comprising 7 parcels; Main building includes showroom and office space
