71 E 2nd St, Logan, OH
60+ year auto service center with real estate for sale.
- Added:
- Feb 6, 2025
- Days on Market:
- 493
- Last Refresh:
- May 19 at 10:07 pm
Property Features for 71 E 2nd St
General Information
- Standard status
- Active
- Size
- 2,300 SF
- Lot size
- 0.25 Acres
- Property subtype
- INDUSTRIAL
Listing agent Randy Best License #311236 (614) 559-3350
Listing office Best Corporate Real Estate (614) 559-3350
Listing date Feb 6, 2025
Source Moodyscre
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 Best Corporate Real Estate
HighLights
- Established auto service center business for over 60 years with real estate
- 4‑Bay auto center servicing central and southern Ohio
- Repairs both foreign and domestic vehicles
- Includes AC machines, tire machines, tire balancers, and air compressors
- Approximately 2,300 Sq Ft building
- Includes an extra lot
Overview
Local Financial Insights For Industrial
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $50.2k | $21.84 |
| − Vacancy | −$12.1k | −$5.24 |
| EGI | $38.2k | $16.60 |
| − OpEx | −$11.5k | −$4.98 |
| NOI | $26.7k | $11.62 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Logan
- County
- Hocking
- State
- Ohio
- Longitude
- -82.4075
- Latitude
- 39.5389
