Renovated Temperature-Controlled Flex
1025 East 5th Avenue Columbus, OH 43201
For Sale
$2,900,000
Fully renovated flex facility with temperature control, heavy power, and three demised units with ample parking.
Property Size30,746 SF
Price / SF$94.32
Days on Market150
Property Features for 1025 East 5th Avenue
General Information
- Standard status
- Active
- Size
- 30,746 SF
- Property subtype
- Industrial / Business
Building Details
- Year Built
- 1940
Listing Agency:
Red 1 Realty
(614) 560-7747
Listed By:
Roxy Ponce · License #2020006941
(614) 560-7747
Source:
Compass
Added: Feb 24
Changed: Jul 10
Last Checked: Jul 23 at 11:21AM
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 Red 1 Realty
Investment Insights
Based on property information with market context.
This fully renovated, temperature-controlled flex building offers approximately 31,656 square feet of warehouse and light industrial space configured for multiple tenants. The property includes a new sprinkler system and a new roof, with the current layout providing three fully demised units. Each unit is served by ample parking, supporting practical day-to-day access for employees, vendors, and deliveries. On the operations side, the building is equipped with heavy power and includes multiple IT rooms, along with top-of-the-line security features.
The property is located at 1025 East 5th Avenue in Columbus, Ohio, and is positioned within an Opportunity Zone. It is described as being minutes from Downtown Columbus and its surrounding neighborhoods, with convenient access to I-71 and I-670.
For buyers evaluating an owner-occupied strategy or a small multi-tenant setup, the three-unit demised configuration can help support flexible occupancy planning. The combination of temperature control, upgraded building systems, heavy power, and enhanced security and IT infrastructure is well suited for users who need controlled conditions and reliable utilities, while still benefiting from parking-oriented access.
The property is located at 1025 East 5th Avenue in Columbus, Ohio, and is positioned within an Opportunity Zone. It is described as being minutes from Downtown Columbus and its surrounding neighborhoods, with convenient access to I-71 and I-670.
For buyers evaluating an owner-occupied strategy or a small multi-tenant setup, the three-unit demised configuration can help support flexible occupancy planning. The combination of temperature control, upgraded building systems, heavy power, and enhanced security and IT infrastructure is well suited for users who need controlled conditions and reliable utilities, while still benefiting from parking-oriented access.
Key Highlights
- 31,656 SF fully renovated flex building with temperature control
- 3 fully demised units with ample parking
- 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 local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Play Champagne
Nightclub
Similar Off Market Nearby
- 5th Avenue Fresh LLC — 737 Parkwood Ave, Columbus, OH 43219
FAQs
What type of property is this?
Flex space - Fully renovated flex facility with temperature control, heavy power, and three demised units with ample parking.
Where is this flex space located?
The property is located at 1025 East 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: 31,656 SF fully renovated flex building with temperature control; 3 fully demised units with ample parking; New sprinkler system and roof
