Flex Space with Garage
New
For Sale
Contact for pricing
1119 Mount Pleasant Avenue, Columbus, OH 43201
An open studio layout, kitchenette, half bath, and screened garage openings support varied commercial configurations.
Property Size1,900 SF
Price / SF$1.58
Days on Market2
Property Features for 1119 Mount Pleasant Avenue
General Information
Standard status
Active
Size
1,900 SF
Site & Location
Neighborhood
Victorian Village
Amenities
kitchenette
half bath
two garage doors with built-in privacy screens
Listing Agency:
Cutler Real Estate
(614) 339-4664
Listed By:
Kim Christensen · License #2020001767
(740) 616-5500
Source:
Maryhatem
Added: Oct 24
Changed: Oct 25
Last Checked: Oct 25 at 2:45AM
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 Cutler Real Estate
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Investment Insights
Based on property information with market context.
This approximately 1,900-square-foot flex space is currently arranged as a dance and exercise studio, with mirrors and an open floor plan. Interior amenities include a kitchenette and half bath. Two garage doors have built-in privacy screens that permit airflow while maintaining screening. The property was previously used for automotive purposes, and the existing layout may also suit other commercial applications, subject to zoning and landlord approval.
The property is in Columbus’s Short North/Italian Village area, near restaurants, shops, and entertainment. The tenant is responsible for utilities.
The property is in Columbus’s Short North/Italian Village area, near restaurants, shops, and entertainment. The tenant is responsible for utilities.
Key Highlights
- Approximately 1,900 square feet of commercial space
- Open studio plan with mirrors; currently configured for dance and exercise
- Two garage doors fitted with built‑in privacy screens
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$7,513
Suggested Prices Based on Cap Rates
Cap Rate 5%
$150,260
$150.3K
Cap Rate 7%
$107,329
$107.3K
Cap Rate 9%
$83,478
$83.5K
Market Conditions
NOI Build-Up for 1,900 SF
Gross rent
$11.6K $6.12/SF
− Vacancy
−$895 −$0.47/SF
EGI
$10.7K $5.65/SF
− OpEx
−$3.2K −$1.69/SF
NOI
$7.5K $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 Rate 5%
$150,260
Cap Rate 7%
$107,329
Cap Rate 9%
$83,478
Alternative Uses
Best Use
Flex RnD
$269.7K
$236.0K – $314.7K
NOI $18,881 @ 7.0% cap · market cap 629.37%
Second Best
Industrial
$107.3K
$93.9K – $125.2K
NOI $7,513 @ 7.0% cap · market cap 250.43%
Theoretical Best
Office A
$396.0K
$346.5K – $462.0K
NOI $27,718 @ 7.0% cap · market cap 923.93%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
1,906
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
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Market
Vacancy Rate% for Industrial in Columbus, OH
Similar Off Market Nearby
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Frequently Asked Questions
What type of property is this?
Flex space - An open studio layout, kitchenette, half bath, and screened garage openings support varied commercial configurations.
Where is this flex space located?
The property is located at 1119 Mount Pleasant Avenue Columbus, OH.
What are key features of this property?
This property features: Approximately 1,900 square feet of commercial space; Open studio plan with mirrors; currently configured for dance and exercise; Two garage doors fitted with built‑in privacy screens
