Renovated Three-Unit Flex
For Sale
$2,900,000
1025 E 5th Avenue, Columbus, OH 43201
Industrial, Columbus, OH
Property Size31,656 SF
Lot Size1.00 Acre
Price / SF$94.32
Days on Market264
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
Additional Details
Property Use
Flex
Taxes and HOA fees
Tax Year
2024
Tax Annual Amount
17805
Utilities
Utilities
Water Available
Heating system
Forced Air
Water source
Public
Amenities
Security features
IT rooms
Building Details
Year built
1940
Floors in Building
1
Number of units
3
Buildings
1
Listing Agency:
Red 1 Realty
(614) 585-9020
Listed By:
Roxy Ponce
(614) 560-7747
Added: Feb 7
Changed: Oct 28
Last Checked: Oct 29 at 11:06AM
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.
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Investment Insights
Based on property information with market context.
This flex property occupies a 1-acre site and was originally built in 1940 before being fully renovated. The temperature-controlled building is arranged as 3 fully demised units and includes heavy power, a new roof, and a new sprinkler system. Multiple IT rooms and enhanced security features support a range of commercial operations, while forced-air heating is installed. Public water is available.
The property is located minutes from Downtown Columbus and nearby neighborhoods, with access to I-71 and I-670. Ample parking serves the three-unit configuration, and the site is situated within an Opportunity Zone.
The property is located minutes from Downtown Columbus and nearby neighborhoods, with access to I-71 and I-670. Ample parking serves the three-unit configuration, and the site is situated within an Opportunity Zone.
Key Highlights
- 1‑acre site with a fully renovated flex building
- 3 fully demised units with ample parking
- Temperature‑controlled space with heavy power
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$147,625
Cap Rate
5.09%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,952,500
$3.0M
Cap Rate 7%
$2,108,929
$2.1M
Cap Rate 9%
$1,640,278
$1.6M
Market Conditions
NOI Build-Up for 30,746 SF
Gross rent
$188.2K $6.12/SF
− Vacancy
−$14.5K −$0.47/SF
EGI
$173.7K $5.65/SF
− OpEx
−$26.1K −$0.85/SF
NOI
$147.6K $4.80/SF
Area
Columbus, OH
Vacancy
7.70%
Lease Rate
$6.12 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,952,500
Cap Rate 7%
$2,108,929
Cap Rate 9%
$1,640,278
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.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
Yes
Heavy power
Yes
Sprinkler system
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
420
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 43201, OH
37,528
Population
17,484
Households
2.1
Avg Household Size
26
Median Age
65%
College-Educated
95%
High-School Grad
3.1 sq mi
ZIP Area
12,106
Density / Sq Mi
$43,451
Median Household Income
$21,792
Median Earnings
$1,299
Median Rent
$438,300
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Industrial in Columbus, OH
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 - Temperature-controlled space with heavy power, new roof, and sprinkler system.
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: 1‑acre site with a fully renovated flex building; 3 fully demised units with ample parking; Temperature‑controlled space with heavy power
