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Property profile & analytics
OFF-MARKET Estimated value $505,000
Automotive properties

550 Hebron Rd Heath, OH 43056-1401

4,860 SF 0.67 ac lot Built 1962
Individually Owned 7-yr Hold ~ Est. High Equity
Property ID
US66-6206262
Property summary
AI-generated overview

This exceptional 4,860 square foot mixed-use commercial property, situated on a 0.67-acre lot at 550 Hebron Road in Heath, Ohio, presents a unique investment opportunity. Previously utilized as a car lot, car wash, and automotive retail store, this property offers significant flexibility for a variety of commercial uses. Its prime location ensures high visibility and accessibility, making it an attractive option for businesses seeking a strong presence in the thriving Heath market. The expansive paved area provides ample parking for customers and employees. A notable feature is the convenient right-of-way at the rear of the property, offering access behind the adjacent Arby's restaurant. This access point adds to the property's versatility and potential for expansion or modification to suit specific business needs. The property's history as a successful automotive center demonstrates its suitability for similar ventures, while its adaptable layout allows for a wide range of alternative commercial applications. The asking price is $750,000. This is a rare chance to acquire a well-located, adaptable commercial property with significant potential for growth and return on investment in a dynamic business environment. The property's size and location make it an ideal candidate for redevelopment or repurposing to meet the demands of a modern commercial landscape.

Property profile
Verified
Property type Automotive properties
Use group VEHICLE SALES, RENTALS
Year built 1962
Total area 4,860 SF
Lot 0.67 ac (29,185 SF)
APN 030-088452-00.000
UPID US66-6206262
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
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$512k
Blend (final) Blend
$505k
Owner & transaction history
John E Guy · 7 yrs held
John E Guy
since 2019
1 recorded transaction
2019
$650,000
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building $485,000 +25.7%
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