Flex Space with Heated
For Sale
Contact for pricing
1125 Cleveland Ave, Columbus, OH 43201
Flex space with a dedicated heated warehouse plus showroom, retail, or office space from a former brewery operation.
Property Size9,216 SF
Price / SF$146.48
Days on Market121
Property Features for 1125 Cleveland Ave
General Information
Standard status
Active
Size
9,216 SF
Property subtype
INDUSTRIAL
Listing Agency:
Alterra Real Estate Advisors
(614) 545-4099
Listed By:
Richard Conie
Source:
Moodyscre
Added: Apr 1
Changed: Jul 30
Last Checked: Jul 30 at 9:34AM
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 Alterra Real Estate Advisors
Investment Insights
Based on property information with market context.
This flex space offers a mix of showroom, retail, or office space and a dedicated heated warehouse. Approximately 2,000 SF is available for showroom, retail, or office use, alongside about 7,000 SF of dedicated heated warehouse space that was added in 2005. The warehouse includes floor drains located throughout the space.
The property is described as having served as a former brewery and food operation. Total property size is approximately 9,216 SF. Please do not disturb the tenant.
For an owner-occupant looking for operational space that can support both office or sales functions and heated warehouse activity, the existing layout provides a built-in split between front-of-house space and warehouse operations.
The property is described as having served as a former brewery and food operation. Total property size is approximately 9,216 SF. Please do not disturb the tenant.
For an owner-occupant looking for operational space that can support both office or sales functions and heated warehouse activity, the existing layout provides a built-in split between front-of-house space and warehouse operations.
Key Highlights
- Approximately 9,216 SF flex space
- About +/-2,000 SF showroom, retail, or office space
- About +/-7,000 SF dedicated heated warehouse added in 2005
Financial Insights For Retail
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 | $165.9k | $18.00 |
| − Vacancy | −$14.1k | −$1.53 |
| EGI | $151.8k | $16.47 |
| − OpEx | −$45.5k | −$4.94 |
| NOI | $106.3k | $11.53 |
9,216 SF · lease $18.00/SF/yr · vacancy 8.50% · expense 30.00%
Alternative Uses
Best Use
Retail
$1.52M
$1.33M – $1.77M
NOI $106,251 @ 7.0% cap · market cap 7.87%
Second Best
Flex RnD
$1.31M
$1.14M – $1.53M
NOI $91,581 @ 7.0% cap · market cap 6.78%
Theoretical Best
Office A
$1.92M
$1.68M – $2.24M
NOI $134,446 @ 7.0% cap · market cap 9.96%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,073
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
Market
Vacancy Rate% for Industrial in Columbus, OH
Questions? Ask Rey
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Similar Off Market Nearby
- Blue Bow Tie Food Services — 303 E 6th Ave, Columbus, OH 43201
- Modern Southern Table — 1086 N 4th St, Columbus, OH 43201
Frequently Asked Questions
What type of property is this?
Flex space - Flex space with a dedicated heated warehouse plus showroom, retail, or office space from a former brewery operation.
Where is this flex space located?
The property is located at 1125 Cleveland Ave Columbus, OH.
What is the asking price?
The asking price for this property is $1,350,000.
What are key features of this property?
This property features: Approximately 9,216 SF flex space; About +/-2,000 SF showroom, retail, or office space; About +/-7,000 SF dedicated heated warehouse added in 2005
