Flex Space with Heated
For Sale
Contact for pricing
Pending
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
Days on Market213
Property Features for 1125 Cleveland Ave
General Information
Standard status
Pending
Size
9,216 SF
Property subtype
INDUSTRIAL
Site & Location
Neighborhood
Milo-Grogan
Listing Agency:
Alterra Real Estate Advisors
(380) 204-7784
Listed By:
Richard Conie · License #2022007391
(614) 545-4099
Source:
Moodyscre
Added: Apr 1
Changed: Oct 26
Last Checked: Oct 28 at 10:15AM
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
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Review the available facts, identify missing information and prepare questions for the agent.
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
Estimated NOI and Cap Rate
NOI / Yr
$91,581
Cap Rate
6.78%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,831,620
$1.8M
Cap Rate 7%
$1,308,300
$1.3M
Cap Rate 9%
$1,017,567
$1.0M
Market Conditions
NOI Build-Up for 9,216 SF
Gross rent
$154.8K $16.80/SF
− Vacancy
−$13.9K −$1.51/SF
EGI
$140.9K $15.29/SF
− OpEx
−$49.3K −$5.35/SF
NOI
$91.6K $9.94/SF
Area
Columbus, OH
Vacancy
9.00%
Lease Rate
$16.80 /SF/Yr
Expense Ratio
35.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,831,620
Cap Rate 7%
$1,308,300
Cap Rate 9%
$1,017,567
Alternative Uses
Best Use
Flex RnD
$1.31M
$1.14M – $1.53M
NOI $91,581 @ 7.0% cap · market cap 6.78%
Second Best
Warehouse
$632.1K
$553.1K – $737.5K
NOI $44,250 @ 7.0% cap · market cap 3.28%
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.
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Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,219
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
- Modern Southern Table — 1086 N 4th St, Columbus, OH 43201
- Blue Bow Tie Food Services — 303 E 6th Ave, 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
