Automotive Repair Shop
For Sale
$234,900
751 Jackson Pike, Gallipolis, OH 45631
Automotive shop with two garage bays, retail/lobby space, storage, two bathrooms, and included compressor and lift.
Property Size2,016 SF
Lot Size1.00 Acre
Price / SF$116.52
Days on Market49
Property Features for 751 Jackson Pike
General Information
Standard status
Active
Size
2,016 SF
Lot size
1.00 Acre
Additional Details
Service Bays
2
Building Details
Year Built
1950
Listing Agency:
Wiseman Real Estate
Listed By:
Melissa Bowman · License #SAL.2018003481
(740) 446-3644
Source:
Thelorilynngroup
Added: Jul 26
Changed: Sep 8
Last Checked: Sep 11 at 4:23PM
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 Wiseman Real Estate
Investment Insights
Based on property information with market context.
This automotive repair shop building is set up for shop and customer-facing use, featuring two garage bays, a retail/lobby area, multiple storage spaces, and two bathrooms. The rubber roof was installed in 2012, and a Duck Coat was added in September 2025. A compressor and lift are included with the sale.
Located at 751 Jackson Pike in the business district of Spring Valley, the property offers road frontage in a high-traffic area and is positioned within one mile of Holzer Health Systems, identified in the remarks as the largest employer in Gallia County, OH.
With its combination of garage capacity, customer-facing space, and on-site storage, the building is designed to support automotive operations under a single roof.
Located at 751 Jackson Pike in the business district of Spring Valley, the property offers road frontage in a high-traffic area and is positioned within one mile of Holzer Health Systems, identified in the remarks as the largest employer in Gallia County, OH.
With its combination of garage capacity, customer-facing space, and on-site storage, the building is designed to support automotive operations under a single roof.
Key Highlights
- One‑acre commercial property in Spring Valley business district on Jackson Pike with excellent road frontage
- Previously operated auto repair shop for six years; includes 2 garage bays plus retail/lobby space
- Multiple storage areas and 2 bathrooms
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
$8,284
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
3.53%
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%
$165,680
$165.7K
Cap Rate 7%
$118,343
$118.3K
Cap Rate 9%
$92,044
$92.0K
Market Conditions
NOI Build-Up for 2,016 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
$12.9K $6.41/SF
− Vacancy
−$1.1K −$0.54/SF
EGI
$11.8K $5.87/SF
− OpEx
−$3.6K −$1.76/SF
NOI
$8.3K $4.11/SF
Area
Gallia 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%
$165,680
Cap Rate 7%
$118,343
Cap Rate 9%
$92,044
Alternative Uses
Best Use
Retail
$331.2K
$289.8K – $386.4K
NOI $23,186 @ 7.0% cap · market cap 9.87%
Second Best
Industrial
$118.3K
$103.6K – $138.1K
NOI $8,284 @ 7.0% cap · market cap 3.53%
Theoretical Best
Office A
$406.1K
$355.3K – $473.8K
NOI $28,425 @ 7.0% cap · market cap 12.10%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
2
Service bays
Location Intelligence
Trade Area within ½ mile
470
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 45631, OH
14,200
Population
6,328
Households
2.2
Avg Household Size
43
Median Age
19%
College-Educated
87%
High-School Grad
114.6 sq mi
ZIP Area
124
Density / Sq Mi
$54,772
Median Household Income
$36,382
Median Earnings
$807
Median Rent
$138,700
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
- B&B Tire and Exhaust — 751 Jackson Pike, Gallipolis, OH 45631
Frequently Asked Questions
What type of property is this?
Auto shop - Automotive shop with two garage bays, retail/lobby space, storage, two bathrooms, and included compressor and lift.
Where is this auto shop located?
The property is located at 751 Jackson Pike Gallipolis, OH.
What is the asking price?
The asking price for this property is $234,900.
What are key features of this property?
This property features: One‑acre commercial property in Spring Valley business district on Jackson Pike with excellent road frontage; Previously operated auto repair shop for six years; includes 2 garage bays plus retail/lobby space; Multiple storage areas and 2 bathrooms
