Columbus Industrial/Manufacturing
For Sale
Contact for pricing
1100 W Town St, Columbus, OH 43222
14,020 SF industrial building in Columbus, OH for sale.
Property Size14,020 SF
Price / SF$112.98
Days on Market210
Property Features for 1100 W Town St
General Information
Standard status
Active
Size
14,020 SF
Class
C
Property subtype
Industrial
Building Details
Year Built
1918
Year Renovated
2021
Stories
2
Listing Agency:
Treasure & Associates
(614) 499-7066
Listed By:
Tim Treasure · License #2009002222
Source:
Crexi
Added: Jan 25
Changed: Aug 15
Last Checked: Aug 21 at 9:26PM
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 Treasure & Associates
Investment Insights
Based on property information with market context.
This 14,020 SF industrial/manufacturing property, constructed in 1918, is located in Columbus, OH. The property is zoned M and features a recent HVAC system and updated roofs. It is equipped with three-phase power throughout. The warehouse has a 16’ clear height, tapering to 11.5’. A cement block walk-in parking lot is available. The property includes three 12’ drive-in doors providing access onto both Town St and Glenwood Ave. This property is positioned as an ideal choice for industrial/manufacturing ventures.
Key Highlights
- Zoned M for Industrial/Manufacturing operations.
- Three 12’ drive‑in doors providing access onto both Town St and Glenwood Ave.
- 14,020 SF building with 16’ clear warehouse height (tapering to 11.5’).
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$55,437
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.50%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,108,740
$1.1M
Cap Rate 7%
$791,957
$792.0K
Cap Rate 9%
$615,967
$616.0K
Market Conditions
NOI Build-Up for 14,020 SF
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.
Gross rent
$85.8K $6.12/SF
− Vacancy
−$6.6K −$0.47/SF
EGI
$79.2K $5.65/SF
− OpEx
−$23.8K −$1.69/SF
NOI
$55.4K $3.95/SF
Area
Columbus, OH
Vacancy
7.70%
Lease Rate
$6.12 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,108,740
Cap Rate 7%
$791,957
Cap Rate 9%
$615,967
Alternative Uses
Best Use
Industrial
$792.0K
$693.0K – $924.0K
NOI $55,437 @ 7.0% cap · market cap 3.50%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.92M
$2.56M – $3.41M
NOI $204,529 @ 7.0% cap · market cap 12.91%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,238
Businesses Nearby
Explore this area
Business Placement
Demographics for 43222, OH
4,124
Population
2,311
Households
1.8
Avg Household Size
34
Median Age
16%
College-Educated
73%
High-School Grad
1.4 sq mi
ZIP Area
2,946
Density / Sq Mi
$36,440
Median Earnings
$752
Median Rent
$215,900
Median Home Value
Market
Vacancy Rate% for Industrial in Columbus, OH
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Manufacturing property - 14,020 SF industrial building in Columbus, OH for sale.
Where is this manufacturing property located?
The property is located at 1100 W Town St Columbus, OH.
What is the asking price?
The asking price for this property is $1,584,000.
What are key features of this property?
This property features: Zoned M for Industrial/Manufacturing operations.; Three 12’ drive‑in doors providing access onto both Town St and Glenwood Ave.; 14,020 SF building with **16’ clear warehouse height** (tapering to 11.5’).
