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    Huntsville Commercial Property For Sale Title is generated by Realmo AI

    7341 State Route 366, Huntsville, OH 43324

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    For Sale
    $239,900

    COMMERCIAL - Huntsville, OH

    Property size:
    560 SF
    Lot size:
    0.75 Acres
    Price / SF:
    $428/SF
    Added:
    Nov 16, 2025
    Days on Market:
    180
    Last Refresh:
    May 15 at 1:06 pm

    Property Features for 7341 State Route 366

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Parking features
    Parking Lot
    Exterior features
    Overhead Door(s)
    Basement
    Partial
    Standard status
    Active
    APN
    370330000041053
    Size
    560 SF
    Lot size
    0.75 Acres

    Taxes and HOA fees

    Tax Year
    2024

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Natural Gas, Radiant
    Water source
    Well

    Building Details

    Year built
    1997
    Building materials
    Stucco

    We can help!

    Listing Contact
    Paige Duff
    Paige Duff

    Listing agent Paige Duff

    Listing office Choice Properties Real Estate 408 E Main Street - Suite A, Russells Point, OH

    Listing date Nov 16, 2025

    MLS# 1042553

    Copyright © 2026 West Metro Board 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.

    HighLights

    • High‑visibility commercial property on 0.75 acres across from Indian Isles entrance.
    • Seller‑financing available to well‑qualified buyers.
    • High traffic count at the intersection of State Routes 366 and 368.
    • Includes an oil change pit and bulk oil tanks.
    • Zoned B‑2.
    • Features new black awnings, fresh exterior paint, re‑sealed roof, and new underground water pressure tank.

    Overview

    This highly visible commercial property is situated on 0.75 acres, directly across from the entrance to Indian Isles. The 560 square foot building was formerly an oil change shop and includes an oil change pit and bulk oil tanks. Additional features include a bathroom, new black awnings, fresh exterior paint, a new underground water pressure tank, and a re-sealed roof. The property has a concrete driveway and ample parking space. Located at the intersection of State Routes 366 and 368, the property benefits from a high traffic count. Utilities available are cable, gas, sewer, and well. The zoning is B-2. Seller-financing is available to well-qualified buyers.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Auto shops

    Suggested Use

    Restaurant Real Estate Agency Spa & Massage Center Dental Office Hair Salon Nail Salon Gym & Fitness Center Auto Repair Shop Pharmacy Skin Care Clinic

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    • Purdy's Auto Services — 7868 OH-366, Russells Point, OH 43348
    • D&K Roadside Services LLC — Foster St, Russells Point, OH 43348
    • MIG RV & MARINE AT THE LAKE — 8127 OH-366, Russells Point, OH 43348
    • Dave's Lube Express Inc — 7341 OH-366, Huntsville, OH 43324

    Location Insight

    • Map
    • Local Demand
    City
    Huntsville
    County
    Logan
    State
    Ohio
    Longitude
    -83.856924
    Latitude
    40.469904

    Nearby Similar for Sale

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      648 SF

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      Highly visible commercial property with ample parking and drive-through access.
      4777 Napoleon Street, Huntsville, OH 43324
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    • $599,000
      13,000 SF

      Huntsville Industrial Warehouse Facility

      Versatile warehouse and office space with heavy power and storage.
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      View Details

    FAQs

    What type of property is this?
    Auto shop - Commercial property with high visibility and seller financing.
    Where is this auto shop located?
    The property is located at 7341 State Route 366 Huntsville, OH.
    What is the asking price?
    The asking price for this property is $239,900.
    What are key features of this property?
    This property features: High‑visibility commercial property on 0.75 acres across from Indian Isles entrance.; Seller‑financing available to well‑qualified buyers.; High traffic count at the intersection of State Routes 366 and 368.
    (937) 842-2244
    We can help!
    Listing Contact
    Paige Duff
    Paige Duff
    Learn More
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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