Mixed-Use Garage
For Sale
$649,998
800 N Sandusky Street, Mount Vernon, OH 43050
Commercial property with garage bays, office rooms, utility service, and access from State Route 13.
Property Size5,920 SF
Lot Size2.00 Acres
Price / SF$109.80
Days on Market298
Property Features for 800 N Sandusky Street
General Information
Standard status
Active
Size
5,920 SF
Lot size
2.00 Acres
Property subtype
Mixed Use
Site & Location
Highway Access
Yes
Road Access
Yes
Utilities to Site
Yes
Taxes and HOA fees
Annual Taxes
$3,102
Building Details
Building Size
5,920 SF
Year Built
1984
Listing Agency:
RE/MAX Genesis
(419) 560-1494
Listed By:
Patricia K Jackson · License #2003015042
(419) 560-1494
Source:
Camtaylor
Added: Oct 20, 2025
Changed: Aug 9
Last Checked: Aug 12 at 3:30PM
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 RE/MAX Genesis
Investment Insights
Based on property information with market context.
This 5,920-square-foot mixed-use property combines a commercial garage warehouse with dedicated office space. The shop includes four garage bays with overhead doors, with two bays measuring 1,600 square feet each and another measuring 2,000 square feet. Shop areas have water and heat service. The office section provides four rooms, a kitchenette, and a bathroom.
The property includes approximately 2 acres, subject to survey, with a large parking area and two entrances on State Route 13. The site is served by city water, natural gas, and separate electric and gas meters. Sewer hookup is available, and the property is located along a route identified with 18,000 cars per day in traffic volume.
The property includes approximately 2 acres, subject to survey, with a large parking area and two entrances on State Route 13. The site is served by city water, natural gas, and separate electric and gas meters. Sewer hookup is available, and the property is located along a route identified with 18,000 cars per day in traffic volume.
Key Highlights
- 5,920 SF mixed‑use garage warehouse
- Approximately 2 acres, subject to survey
- Four garage bays with overhead doors
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
$29,539
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
4.54%
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%
$590,780
$590.8K
Cap Rate 7%
$421,986
$422.0K
Cap Rate 9%
$328,211
$328.2K
Market Conditions
NOI Build-Up for 5,920 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
$37.9K $6.41/SF
− Vacancy
−$3.2K −$0.54/SF
EGI
$34.8K $5.87/SF
− OpEx
−$5.2K −$0.88/SF
NOI
$29.5K $4.99/SF
Area
Knox County, OH
Vacancy
8.42%
Lease Rate
$6.41 /SF/Yr
Expense Ratio
15.00%
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%
$590,780
Cap Rate 7%
$421,986
Cap Rate 9%
$328,211
Alternative Uses
Best Use
Office B
$969.7K
$848.5K – $1.13M
NOI $67,876 @ 7.0% cap · market cap 10.44%
Second Best
Warehouse
$422.0K
$369.2K – $492.3K
NOI $29,539 @ 7.0% cap · market cap 4.54%
Theoretical Best
Specialty Retail
$1.65M
$1.44M – $1.93M
NOI $115,588 @ 7.0% cap · market cap 17.78%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
942
Businesses Nearby
Explore this area
Business Placement
Demographics for 43050, OH
29,594
Population
13,416
Households
2.2
Avg Household Size
42
Median Age
25%
College-Educated
93%
High-School Grad
154.1 sq mi
ZIP Area
192
Density / Sq Mi
$65,044
Median Household Income
$38,709
Median Earnings
$933
Median Rent
$199,000
Median Home Value
Market
Vacancy Rate% for Office in Midwest region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Mixed-use property - Commercial property with garage bays, office rooms, utility service, and access from State Route 13.
Where is this mixed-use property located?
The property is located at 800 N Sandusky Street Mount Vernon, OH.
What is the asking price?
The asking price for this property is $649,998.
What are key features of this property?
This property features: 5,920 SF mixed‑use garage warehouse; Approximately 2 acres, subject to survey; Four garage bays with overhead doors
