Net Leased Showroom/Warehouse
3657 Trabue Rd Columbus, OH
3657 Trabue Rd, Columbus, OH, 00000
Contact for pricing
For Sale
Contact for pricing
Single tenant showroom/warehouse facility with a new 5-year lease.
Property Size18,220 SF
Lot Size2.07 Acres
Price / SF$157.35
Days on Market556
Property Features for 3657 Trabue Rd
General Information
- Standard status
- Active
- Size
- 18,220 SF
- Lot size
- 2.07 Acres
- Property subtype
- INDUSTRIAL
Listing Agency
Hanna Commercial Real Estate | Central Ohio
(614) 554-4408
Listed by
Doug Tenenbaum · License #2003006998
(614) 554-4408
Source
Moodyscre
Added: Jan 10, 2025 Updated: Jul 6 at 9:14 am Checked: Jul 20 at 3:31 am
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 Hanna Commercial Real Estate | Central Ohio
Investment Insights
Based on property information with market context.
This single-tenant, net-leased property features an 18,220-square-foot showroom, office, and warehouse facility. The property is leased to America’s Floor Source, a national flooring company with over $208 million in revenue in 2024. A new 5-year lease is in place from the date of closing, with two 5-year renewal options. The property operates at a 6.75% Year-1 Cap Rate, generating $193,514 NOI, with 2% annual escalations. The building is comprised of approximately 8,405 square feet (46%) of warehouse space and 9,815 square feet (54%) of showroom and office areas. The site spans 2.07 acres and includes 32 striped parking spaces. The warehouse area features clear heights ranging from 12 to 18 feet and is accessible via three drive-in doors (12’ and 14’). The property has undergone numerous improvements from 2012 to 2024. Located northwest of downtown, the property is near I-70, I-270, I-670, and the Riverside/Dublin Rd corridor, with proximity to Upper Arlington, Hilliard, Grandview, The Ohio State University, Columbus Downtown/CBD, Franklinton, Quarry Trails Metro Park, and the new 607-acre Quarry Trails mixed-use development. Situated between Wilson Rd and Hague Ave, it is directly across from the Raymond Memorial golf course. The location benefits from a strong average daily traffic count of 12,635 vehicles (2023), offering great signage, access, and visibility. The surrounding area has a population of 8,683 within a 1-mile radius, 82,035 within a 3-mile radius, and 327,674 within a 5-mile radius. Average household incomes in these radii are $116,307, $147,070, and $118,574, respectively.
Key Highlights
- Strong Tenant: Leased to America's Floor Source, a national flooring company.
- Attractive Lease Terms: New 5‑year lease with options and a 6.75% Year‑1 Cap Rate.
- High Visibility & Traffic: Benefits from great signage and a strong average daily traffic count.
Local 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 | $328.0k | $18.00 |
| − Vacancy | −$27.9k | −$1.53 |
| EGI | $300.1k | $16.47 |
| − OpEx | −$90.0k | −$4.94 |
| NOI | $210.1k | $11.53 |
18,220 SF · lease $18.00/SF/yr · vacancy 8.50% · expense 30.00%
Alternative Uses
Best Use
Retail
$3.00M
$2.63M – $3.50M
NOI $210,058 @ 7.0% cap · market cap 7.33%
Second Best
Warehouse
$1.25M
$1.09M – $1.46M
NOI $87,482 @ 7.0% cap · market cap 3.05%
Theoretical Best
Office A
$3.80M
$3.32M – $4.43M
NOI $265,800 @ 7.0% cap · market cap 9.27%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
America's Floor Source ...
Carpet & Flooring Store
Pinnacle Restroom
Building Supply
Similar For Sale Nearby
Similar Off Market Nearby
- Cincinnati Floor Co — 3500 Millikin Ct # E, Columbus, OH 43228
- C.Malagisi Tile — 2087 Dublin Rd, Columbus, OH 43228
- America's Floor Source - Columbus West — 3657 Trabue Rd, Columbus, OH 43228
FAQs
What type of property is this?
Showroom - Single tenant showroom/warehouse facility with a new 5-year lease.
Where is this showroom located?
The property is located at 3657 Trabue Rd Columbus, OH.
What is the asking price?
The asking price for this property is $2,866,875.
What are key features of this property?
This property features: Strong Tenant: Leased to America's Floor Source, a national flooring company.; Attractive Lease Terms: New 5‑year lease with options and a 6.75% Year‑1 Cap Rate.; High Visibility & Traffic: Benefits from great signage and a strong average daily traffic count.
