Temperature-Controlled Flex
1025 E 5th Avenue Columbus, OH 43201
For Sale
$2,900,000
COMMERCIAL - Columbus, OH
Property Size30,746 SF
Lot Size1.00 Acre
Price / SF$94.32
Days on Market172
Property Features for 1025 E 5th Avenue
General Information
Property type
Commercial Sale
Property subtype
Other
Parking
80
Standard status
Active
APN
010-034258
Size
30,746 SF
Lot size
1.00 Acre
Taxes and HOA fees
Tax Year
2024
Tax Annual Amount
17805
Utilities
Utilities
Water Available
Heating system
Forced Air
Water source
Public
Building Details
Year built
1940
Floors in Building
1
Number of units
3
Listing Agency:
Red 1 Realty
(614) 585-9020
Listed By:
Roxy Ponce · License #2020006941
(614) 560-7747
Added: Feb 7
Changed: Jul 27
Last Checked: Jul 29 at 9:06AM
MLS# 226003633
Copyright © 2026 Columbus and Central Ohio Multiple Listing Service. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This fully renovated flex building totals 31,656 square feet and includes temperature control throughout. The improvements include a new sprinkler system and a new roof, supporting a durable, modern operating environment. The property’s layout is configured as three fully demised units, designed to provide separate tenancy or operational separation, with ample parking available on site. Security and support infrastructure are a key feature as well, including multiple IT rooms.
The building is located at 1025 E 5th Avenue in Columbus, Franklin County, within an Opportunity Zone. It is described as being minutes from Downtown Columbus and surrounding neighborhoods, with convenient access to I-71 and I-670.
For buyers or operators seeking flex space with built-in operational separation, this three-unit configuration can support multi-tenant use or differentiated internal functions. The temperature-controlled design, heavy power availability, and updated fire protection and roofing provide practical support for a range of light industrial and technology-adjacent requirements. On-site parking and the presence of multiple IT rooms may also help streamline day-to-day needs for teams managing equipment, systems, or secure operations.
The building is located at 1025 E 5th Avenue in Columbus, Franklin County, within an Opportunity Zone. It is described as being minutes from Downtown Columbus and surrounding neighborhoods, with convenient access to I-71 and I-670.
For buyers or operators seeking flex space with built-in operational separation, this three-unit configuration can support multi-tenant use or differentiated internal functions. The temperature-controlled design, heavy power availability, and updated fire protection and roofing provide practical support for a range of light industrial and technology-adjacent requirements. On-site parking and the presence of multiple IT rooms may also help streamline day-to-day needs for teams managing equipment, systems, or secure operations.
Key Highlights
- Fully renovated and temperature controlled ~31,656 square foot flex building.
- Located minutes from Downtown Columbus with convenient access to I‑71 & I‑670.
- New sprinkler system and roof.
Financial Insights For Warehouse
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 | $188.2k | $6.12 |
| − Vacancy | −$14.5k | −$0.47 |
| EGI | $173.7k | $5.65 |
| − OpEx | −$26.1k | −$0.85 |
| NOI | $147.6k | $4.80 |
30,746 SF · lease $6.12/SF/yr · vacancy 7.70% · expense 15.00%
Alternative Uses
Best Use
Flex RnD
$4.36M
$3.82M – $5.09M
NOI $305,529 @ 7.0% cap · market cap 10.54%
Second Best
Warehouse
$2.11M
$1.85M – $2.46M
NOI $147,625 @ 7.0% cap · market cap 5.09%
Theoretical Best
Office A
$6.41M
$5.61M – $7.48M
NOI $448,533 @ 7.0% cap · market cap 15.47%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Similar Off Market Nearby
- 5th Avenue Fresh LLC — 737 Parkwood Ave, Columbus, OH 43219
Frequently Asked Questions
What type of property is this?
Flex space - Fully renovated, temperature-controlled flex building with heavy power, new sprinkler/roof, and three demised units.
Where is this flex space located?
The property is located at 1025 E 5th Avenue Columbus, OH.
What is the asking price?
The asking price for this property is $2,900,000.
What are key features of this property?
This property features: Fully renovated and temperature controlled ~31,656 square foot flex building.; Located minutes from Downtown Columbus with convenient access to I‑71 & I‑670.; New sprinkler system and roof.
