Updated Commercial Property, Body
1664 E Hudson Street Columbus, OH 43211
For Sale
Contact for pricing
Spacious, updated commercial property with parking and security fence.
Property Size4,245 SF
Price / SF$150.77
Days on Market640
Property Features for 1664 E Hudson Street
General Information
Standard status
Active
Size
4,245 SF
Property subtype
Retail
Building Details
Year Built
1945
Listing Agency:
Key Realty
Listed By:
Julie Frase · License #2021006892
Source:
Crexi
Added: Oct 28, 2024
Changed: Jul 6
Last Checked: Jul 27 at 4:28PM
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 Key Realty
Investment Insights
Based on property information with market context.
This is a spacious, updated commercial property currently used as a body shop. The property features upgraded facilities including two offices, two restrooms, and a paint room equipped with a fan system. There are four garage doors facilitating easy entrance and exit. A large parking lot is available, secured by a security fence. The property is serviced by ADT security. A clean Phase 1 Environmental site assessment was completed in July 2023. The property size is 4,245 square feet.
Key Highlights
- Large parking lot with security fence
- Four garage doors for easy entrance and exit
- Upgraded with two offices, two restrooms, and paint room with fan system
Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $76.4k | $18.00 |
| − Vacancy | −$6.5k | −$1.53 |
| EGI | $69.9k | $16.47 |
| − OpEx | −$21.0k | −$4.94 |
| NOI | $48.9k | $11.53 |
4,245 SF · lease $18.00/SF/yr · vacancy 8.50% · expense 30.00%
Alternative Uses
Best Use
Retail
$699.2K
$611.8K – $815.7K
NOI $48,941 @ 7.0% cap · market cap 7.65%
Second Best
Industrial
$239.8K
$209.8K – $279.8K
NOI $16,785 @ 7.0% cap · market cap 2.62%
Theoretical Best
Office A
$884.7K
$774.1K – $1.03M
NOI $61,928 @ 7.0% cap · market cap 9.68%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Similar Off Market Nearby
- Taz Used & New Tires — 1902 cleveland ave, columbus, oh 43211
- Brother's Auto Repair — 1891 Cleveland Ave, Columbus, OH 43211
- General Auto Service & Repair — 1945 Cleveland Ave, Columbus, OH 43211
- Sammy's Auto Repair & Tires — 1945 Cleveland Ave, Columbus, OH 43211
- Mad Scientist Custom Cycle LLC — 1945 Cleveland Ave, Columbus, OH 43211
Frequently Asked Questions
What type of property is this?
Auto shop - Spacious, updated commercial property with parking and security fence.
Where is this auto shop located?
The property is located at 1664 E Hudson Street Columbus, OH.
What is the asking price?
The asking price for this property is $640,000.
What are key features of this property?
This property features: Large parking lot with security fence; Four garage doors for easy entrance and exit; Upgraded with two offices, two restrooms, and paint room with fan system
