Remodeled Auto
For Sale
$169,900
707 W Main St, Crestline, OH 44827
Local Business zoning supports a range of commercial applications in this adaptable automotive facility.
Property Size2,820 SF
Price / SF$60.25
Days on Market56
Property Features for 707 W Main St
General Information
Standard status
Active
Size
2,820 SF
Zoning
Crestline Local Business
Taxes and HOA fees
Annual Taxes
$2,250
Amenities
5 overhead doors
3 man doors
fully finished insulated work area
LED lighting
Building Details
Buildings
1
Listing Agency:
Dzugan Real Estate Services LLC
(419) 683-3100
Listed By:
Joseph Dzugan · License #2005004867
(419) 295-5183
Source:
Exprealty
Added: Jul 29
Changed: Sep 20
Last Checked: Sep 21 at 11:22AM
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 Dzugan Real Estate Services LLC
Investment Insights
Based on property information with market context.
This 2,820-square-foot commercial building was remodeled for automotive-oriented operations and includes a fully finished, insulated work area. The layout provides five overhead doors and three man doors, supporting vehicle movement and separate access throughout the facility. LED lighting is installed, and select equipment is available for negotiation.
The property previously operated as a car lot and auto detailing facility. Built in 1986, it carries Local Business zoning in Crestline, Ohio, and offers a flexible commercial setup for businesses seeking an established automotive workspace.
The property previously operated as a car lot and auto detailing facility. Built in 1986, it carries Local Business zoning in Crestline, Ohio, and offers a flexible commercial setup for businesses seeking an established automotive workspace.
Key Highlights
- 2,820 SF remodeled commercial building
- Five overhead doors and three man doors
- Fully finished, insulated work area
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
$11,588
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
6.82%
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%
$231,760
$231.8K
Cap Rate 7%
$165,543
$165.5K
Cap Rate 9%
$128,756
$128.8K
Market Conditions
NOI Build-Up for 2,820 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
$18.1K $6.41/SF
− Vacancy
−$1.5K −$0.54/SF
EGI
$16.6K $5.87/SF
− OpEx
−$5.0K −$1.76/SF
NOI
$11.6K $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 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%
$231,760
Cap Rate 7%
$165,543
Cap Rate 9%
$128,756
Alternative Uses
Best Use
Retail
$298.9K
$261.5K – $348.7K
NOI $20,921 @ 7.0% cap · market cap 12.31%
Second Best
Industrial
$165.5K
$144.9K – $193.1K
NOI $11,588 @ 7.0% cap · market cap 6.82%
Theoretical Best
Specialty Retail
$552.8K
$483.7K – $645.0K
NOI $38,697 @ 7.0% cap · market cap 22.78%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
201
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 44827, OH
6,973
Population
3,564
Households
2
Avg Household Size
43
Median Age
20%
College-Educated
91%
High-School Grad
48.5 sq mi
ZIP Area
144
Density / Sq Mi
$53,089
Median Household Income
$32,334
Median Earnings
$744
Median Rent
$111,800
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in Midwest region
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Similar Off Market Nearby
- VoltEdge Automotive — 711 Union St, Crestline, OH 44827
- Accurate Auto Repair LLC — 305 E Main St, Crestline, OH 44827
- Keep it Rolling LLC: Roadside Assistance & Mobile Mechanic — 387 Clink Blvd, Crestline, OH 44827
- Action Tire Express & Service — 807 W Main St, Crestline, OH 44827
- Classics &Customs Body Shop — 807 W Main St, Crestline, OH 44827
Frequently Asked Questions
What type of property is this?
Auto shop - Local Business zoning supports a range of commercial applications in this adaptable automotive facility.
Where is this auto shop located?
The property is located at 707 W Main St Crestline, OH.
What is the asking price?
The asking price for this property is $169,900.
What are key features of this property?
This property features: 2,820 SF remodeled commercial building; Five overhead doors and three man doors; Fully finished, insulated work area
