Profitable Auto Repair Business
For Sale
Contact for pricing
7709 Lima Rd, Fort Wayne, IN 46818
Operating auto repair business for sale on high-traffic road.
Property Size2,228 SF
Lot Size0.90 Acres
Price / SF$341.11
Days on Market709
Property Features for 7709 Lima Rd
General Information
Standard status
Active
Size
2,228 SF
Lot size
0.90 Acres
Property subtype
Retail, Special Purpose
Listing Agency:
Realty ONE Group Envision
Listed By:
Ed Judkins · License #RB14039636
Source:
Crexi
Added: Aug 31, 2024
Changed: Aug 8
Last Checked: Aug 9 at 12:46PM
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 Realty ONE Group Envision
Investment Insights
Based on property information with market context.
This is an opportunity to acquire an established automotive repair shop that has been in operation for 25 years. The business currently generates $400,000 in gross annual sales. The owner is retiring but is willing to sign a non-compete agreement and assist the new owner with the transition. The property includes auto lifts and tools. The location offers high visibility with 320 feet of frontage on a heavily traveled road, with an average of over 42,000 cars passing by daily. The property size is approximately 0.9 acres. The building has a new roof installed 6 years ago. The property is suitable for an auto repair business. The building size is 2,228 square feet.
Key Highlights
- Established Automotive Repair Business: Successful operation for 25 years with $400,000 annual gross sales.
- High‑Traffic Location: Situated on a heavily traveled road in Allen County with over 42,000 cars passing daily.
- Owner Transition Assistance: Current owner willing to provide support for a smooth transition and sign a non‑compete agreement.
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
$21,406
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
2.82%
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%
$428,120
$428.1K
Cap Rate 7%
$305,800
$305.8K
Cap Rate 9%
$237,844
$237.8K
Market Conditions
NOI Build-Up for 2,228 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
$33.4K $15.00/SF
− Vacancy
−$2.8K −$1.28/SF
EGI
$30.6K $13.73/SF
− OpEx
−$9.2K −$4.12/SF
NOI
$21.4K $9.61/SF
Area
Fort Wayne, IN
Vacancy
8.50%
Lease Rate
$15.00 /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%
$428,120
Cap Rate 7%
$305,800
Cap Rate 9%
$237,844
Alternative Uses
Best Use
Retail
$305.8K
$267.6K – $356.8K
NOI $21,406 @ 7.0% cap · market cap 2.82%
Second Best
Industrial
$190.5K
$166.7K – $222.3K
NOI $13,335 @ 7.0% cap · market cap 1.75%
Theoretical Best
Multifamily LT 5
$1.86M
$1.63M – $2.17M
NOI $130,286 @ 7.0% cap · market cap 17.14%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
302
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 46818, IN
22,071
Population
8,512
Households
2.6
Avg Household Size
37
Median Age
31%
College-Educated
92%
High-School Grad
66.8 sq mi
ZIP Area
330
Density / Sq Mi
$86,583
Median Household Income
$45,481
Median Earnings
$1,274
Median Rent
$221,000
Median Home Value
Market
Vacancy Rate% for Retail in Midwest region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Mutton Powersports — 7734 Lima Rd, Fort Wayne, IN 46818
- Morts Wayside Garage — 7709 Lima Rd, Fort Wayne, IN 46818
- TRULAND Equipment — 7734 Lima Rd, Fort Wayne, IN 46825
- Xtreme Automotive Detailing — 1520 W Wallen Rd, Fort Wayne, IN 46825
Frequently Asked Questions
What type of property is this?
Auto shop - Operating auto repair business for sale on high-traffic road.
Where is this auto shop located?
The property is located at 7709 Lima Rd Fort Wayne, IN.
What is the asking price?
The asking price for this property is $760,000.
What are key features of this property?
This property features: Established Automotive Repair Business: Successful operation for 25 years with $400,000 annual gross sales.; High‑Traffic Location: Situated on a heavily traveled road in Allen County with over 42,000 cars passing daily.; Owner Transition Assistance: Current owner willing to provide support for a smooth transition and sign a non‑compete agreement.
