Building Details

Building Size 6,600 SF

Buildings 1

Stories 1

Listing Agency: Dream Huge Realty p***@dreamhuge.com Show Phone

Listed By: Jessica Lynn Damron Show Phone

Source: Douglaskeycresolutions

Added: Apr 24 Changed: Oct 23 Last Checked: Oct 23 at 4:40PM

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Investment Insights

Based on property information with market context.

This 6,600-square-foot automotive property includes showroom and office space alongside a service department. The 1.63-acre site is made up of seven parcels and includes expansive parking areas. Its existing layout supports both customer-facing and service functions.

The property occupies a corner at Charles Street and N East Street in Galion, Ohio. Zoned GI (General Industrial), it was previously used as a car dealership.

Key Highlights

• 6,600 square feet of building area
• 1.63‑acre site comprising 7 parcels
• Showroom and office space with a service department

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$48,965

Cap Rate

6.16%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$979,300 $979.3K

Cap Rate 7%

$699,500 $699.5K

Cap Rate 9%

$544,056 $544.1K

Is this asking price fair?

Market Conditions

NOI Build-Up for 6,600 SF

Gross rent

$72.9K $11.04/SF

− Vacancy

−$2.9K −$0.44/SF

EGI

$69.9K $10.60/SF

− OpEx

−$21.0K −$3.18/SF

NOI

$49.0K $7.42/SF

Area

Crawford County, OH

Vacancy

4.00%

Lease Rate

$11.04 /SF/Yr

Expense Ratio

30.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$979,300

Cap Rate 7%

$699,500

Cap Rate 9%

$544,056

Alternative Uses

Best Use

Retail

$699.5K

$612.1K – $816.1K (±1% cap)

NOI $48,965 @ 7.0% cap · market cap 6.16%

Second Best

Industrial

$387.4K

$339.0K – $452.0K (±1% cap)

NOI $27,121 @ 7.0% cap · market cap 3.41%

Theoretical Best

Specialty Retail

$1.29M

$1.13M – $1.51M (±1% cap)

NOI $90,567 @ 7.0% cap · market cap 11.38%

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

Property Analytics

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Current Use

Showrooms

Suggested Use

Top Pick Real Estate Agency Restaurant Big Box & Wholesale Store Law Firm Dental Office Skin Care Clinic

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

Yes

Paved road access

Location Intelligence

Trade Area within ½ mile

280

Businesses Nearby

Balanced

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

Market

Vacancy Rate% for Retail in Midwest region

8% 2020

7.3% 2021

6.5% 2022

6% 2023

5.7% 2024

6.3% 2025

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Frequently Asked Questions

What type of property is this?

Automotive property - GI zoning and a layout combining showroom and office areas with a separate service department.

Where is this automotive property located?

The property is located at 702 Charles Street Galion, OH.

What is the asking price?

The asking price for this property is $795,500.

What are key features of this property?

This property features: 6,600 square feet of building area; 1.63‑acre site comprising 7 parcels; Showroom and office space with a service department