Renovated Auto Shop with
For Sale
$1,104,840
870 North 20th Street, Columbus, OH 43219
Industrial-zoned facility includes automotive service equipment and updated building systems.
Property Size8,184 SF
Days on Market110
Property Features for 870 North 20th Street
General Information
Standard status
Active
Size
8,184 SF
Property subtype
Industrial
Building Details
Building Size
8,184 SF
Year Built
1956
Listing Agency:
(614) 403-8162
Listed By:
Tim Treasure · License #OH #2009002222
Source:
Sperrycga
Added: May 14
Changed: Aug 30
Last Checked: Aug 30 at 2:05PM
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 Tim Treasure
Investment Insights
Based on property information with market context.
This 8,184-square-foot auto shop was established in 1956 and renovated in 2025. Improvements include a new showroom, updated electrical service throughout the building, new gas heaters, and replacement gutters and downspouts. The facility also contains two four-post lifts for vehicle storage, a two-post work lift, a paint booth, and a compressor with an air-storage tank and lines distributed throughout the building.
Located at 870 North 20th Street in Columbus, Ohio, the property carries industrial zoning and includes space suited to automotive operations, production, and storage. The existing improvements may also support conversion to manufacturing or processing uses, subject to applicable requirements.
Located at 870 North 20th Street in Columbus, Ohio, the property carries industrial zoning and includes space suited to automotive operations, production, and storage. The existing improvements may also support conversion to manufacturing or processing uses, subject to applicable requirements.
Key Highlights
- 8,184‑square‑foot building renovated in 2025
- New showroom with all‑new electrical throughout
- Two four‑post lifts plus one two‑post work lift
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
$94,353
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
8.54%
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%
$1,887,060
$1.9M
Cap Rate 7%
$1,347,900
$1.3M
Cap Rate 9%
$1,048,367
$1.0M
Market Conditions
NOI Build-Up for 8,184 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
$147.3K $18.00/SF
− Vacancy
−$12.5K −$1.53/SF
EGI
$134.8K $16.47/SF
− OpEx
−$40.4K −$4.94/SF
NOI
$94.4K $11.53/SF
Area
Columbus, OH
Vacancy
8.50%
Lease Rate
$18.00 /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%
$1,887,060
Cap Rate 7%
$1,347,900
Cap Rate 9%
$1,048,367
Alternative Uses
Best Use
Retail
$1.35M
$1.18M – $1.57M
NOI $94,353 @ 7.0% cap · market cap 8.54%
Second Best
Industrial
$462.3K
$404.5K – $539.4K
NOI $32,361 @ 7.0% cap · market cap 2.93%
Theoretical Best
Office A
$1.71M
$1.49M – $1.99M
NOI $119,391 @ 7.0% cap · market cap 10.81%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
708
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 43219, OH
30,457
Population
13,210
Households
2.3
Avg Household Size
33
Median Age
22%
College-Educated
82%
High-School Grad
16.0 sq mi
ZIP Area
1,904
Density / Sq Mi
$51,860
Median Household Income
$32,459
Median Earnings
$1,191
Median Rent
$173,600
Median Home Value
Market
Vacancy Rate% for Industrial in Columbus, OH
Questions? Ask Rey
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Similar Off Market Nearby
- Hood 2 Hood auto service mobile technician LLC. — 1385 Atcheson St, Columbus, OH 43203
- Waynes Automotive Finishes — 850 Reynolds Ave, Columbus, OH 43201
- Jla Auto — 850 Reynolds Ave, Columbus, OH 43201
- SK Auto Sports — 850 Reynolds Ave, Columbus, OH 43201
- MTP WINDOW TINT — 850 Reynolds Ave, Columbus, OH 43201
Frequently Asked Questions
What type of property is this?
Auto shop - Industrial-zoned facility includes automotive service equipment and updated building systems.
Where is this auto shop located?
The property is located at 870 North 20th Street Columbus, OH.
What is the asking price?
The asking price for this property is $1,104,840.
What are key features of this property?
This property features: 8,184‑square‑foot building renovated in 2025; New showroom with all‑new electrical throughout; Two four‑post lifts plus one two‑post work lift
