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    FOR LEASE
    Auto shops

    2821 Garland St, Niles, OH 44446

    13,260 SF 0.64 ac lot Built 1959
    Individually Owned 13-yr Hold ~ Est. High Equity
    Property ID
    US66-1471937
    Property summary
    AI-generated overview

    This exceptional 13,000-square-foot commercial building in Niles, Ohio, presents a unique investment opportunity. Previously utilized as an oil change and service garage, the property boasts a prime location just off SR422, with convenient access to SR11 and SR46. The building is exceptionally well-maintained and features impressive 20+ foot ceilings, multiple oil change bays, two expansive service areas, and twelve overhead doors ranging from 12 to 20 feet in height. Inside, you'll find ample office space, dedicated retail areas, a comfortable waiting area, and restrooms. The strategic location near popular retailers such as Walgreens, Dunkin', McDonald's, and Dollar General ensures high visibility and potential customer traffic. This property's spacious layout and high ceilings provide a highly efficient work environment, perfect for businesses requiring ample space for vehicles and equipment. The single-tenant occupancy offers flexibility and control. Located at 2821 Garland St, Niles, OH 44446, in Trumbull County, this property is ready for its next chapter. This is an unparalleled chance to establish or expand a thriving business in a bustling commercial area.

    Property profile
    Verified
    Property type Auto shops
    Use group AUTO REPAIR, GARAGE
    Year built 1959
    Total area 13,260 SF
    Lot 0.64 ac (27,878 SF)
    APN 24-065950
    UPID US66-1471937
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    $355k
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    $545k
    Blend (final) Blend
    $580k
    Owner & transaction history
    James M Coates JR. · 13 yrs held
    James M Coates JR.
    since 2012
    7 recorded transactions
    2023
    2022
    2018
    2018
    2016
    2012
    2011
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
    Top alternative use upside
    Commercial (general) $905,000 +7.0%
    Retail stores $905,000 +6.6%
    Office building $900,000 +6.3%
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    More about this property
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