Auto Repair Shop
For Sale
$234,900
751 Jackson Pike, Gallipolis, OH 45631
Commercial Building, Gallipolis, OH
Property Size2,016 SF
Lot Size1.00 Acre
Price / SF$116.52
Days on Market87
Property Features for 751 Jackson Pike
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
Commercial
Bathrooms
2
Full bathrooms
2
Rooms
Bathroom 1, Bathroom 2
Interior features
Flooring- Vinyl, Flooring- Concrete, Equipment Included, High Bays
Lot features
Work Shop, Close Access to Highway
Standard status
Active
APN
00800107402
Size
2,016 SF
Lot size
1.00 Acre
Taxes and HOA fees
Tax Annual Amount
1750
Utilities
Utilities
Natural Gas Available
Heating system
Natural Gas
Cooling system
Window Unit(s)
Building Details
Year built
1950
Roof type
Rubber
Listing Agency:
Wiseman Real Estate
(740) 446-3644
Listed By:
Melissa Bowman · License #SAL.2018003481
(740) 794-0915
Added: Jun 10
Changed: Sep 4
Last Checked: Sep 4 at 11:06PM
MLS# 2435010
Copyright © 2026 Athens County 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.
Investment Insights
Based on property information with market context.
This commercial building was previously operated as an auto repair shop for six years and is ready for a new owner. The layout includes two garage bays, a retail/lobby area, multiple storage spaces, and two bathrooms. Key components are in place for an automotive user, with the compressor and lift included in the sale. Updates include a rubber roof installed in 2012 and a Duck Coat added in September 2025.
The property is situated in a high-traffic area on Jackson Pike with excellent road frontage, supporting convenient customer access. It is located within the business district of Spring Valley and is within one mile of Holzer Health Systems, noted as the largest employer in Gallia County, OH. Nearby amenities are referenced as well, adding to the property’s commercial appeal.
For buyers seeking an operational automotive facility or a flexible commercial space, the existing garage configuration and supporting interior rooms provide a practical foundation for current or future business use. The combination of bays, lobby/retail presence, and storage makes it well suited for service-oriented operators that need both shop capacity and customer-facing space.
The property is situated in a high-traffic area on Jackson Pike with excellent road frontage, supporting convenient customer access. It is located within the business district of Spring Valley and is within one mile of Holzer Health Systems, noted as the largest employer in Gallia County, OH. Nearby amenities are referenced as well, adding to the property’s commercial appeal.
For buyers seeking an operational automotive facility or a flexible commercial space, the existing garage configuration and supporting interior rooms provide a practical foundation for current or future business use. The combination of bays, lobby/retail presence, and storage makes it well suited for service-oriented operators that need both shop capacity and customer-facing space.
Key Highlights
- One‑acre commercial property in the business district of Spring Valley, OH on Jackson Pike
- Previously operated as an auto repair shop for six years; includes a retail/lobby area and multiple storage areas
- Two garage bays plus compressor and lift included with the sale
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
Property Profile
Current Use
Lease Details
Turnkey business
Opportunity
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
Market
Vacancy Rate% for Retail in Midwest region
Questions? Ask Rey
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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 - Well-equipped shop with two garage bays, retail/lobby space, storage, 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 the business district of Spring Valley, OH on Jackson Pike; Previously operated as an auto repair shop for six years; includes a retail/lobby area and multiple storage areas; Two garage bays plus compressor and lift included with the sale
