Sign Up Successful!
You now have access to more from Realmo!
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    7525 Pingue Rd Worthington, OH

    Loading data...
    Loading data...
    Loading data...
    For Lease
    $9 SF/Yr ($18,531 /Mo)

    24,708 SF warehouse with docks, drive-in door, and conditioning.

    Property size:
    24,708 SF
    Lot size:
    1.81 Acres

    Property Features for 7525 Pingue Rd

    General Information

    Size
    24,708 SF
    Lot size
    1.81 Acres

    We can help!

    Listing Contact
    Scott Hrabcak
    Scott Hrabcak
    Source: Moodyscre

    Listing Agent: Scott Hrabcak

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Overview

    Worthington Warehouse with Heavy Electric

    This 24,708 square foot warehouse property, located in Worthington, Ohio, features two docks and one drive-in door. The property is fully conditioned and equipped with heavy electric. It is suitable for warehouse and industrial use.
    Location Intelligence

    Current Use by Public Records

    Warehouses

    Map

    City
    Worthington
    County
    Richland
    State
    Ohio
    Longitude
    -82.6807458
    Latitude
    40.8577148

    Nearby Similar for Lease

    • $16 SF/Yr
      6,900 SF

      Worthington Office Space For Lease

      Office space for lease in Worthington, convenient location.
      5830 N High St, Worthington, OH 43085
      View Details
    • $1,495,000
      18,648 SF

      Worthington Office Building For Lease

      Stylish brick office building in excellent condition with long-term tenants.
      6660 N High St, Worthington, OH 43085
      View Details
    • $173 SF/Yr
      2,900 SF

      Worthington Office Space Available

      Prime Office, Flexible Layout, Great Location
      5655 High St, Worthington, OH 43085
      View Details
    • $17 SF/Yr
      1,411 SF

      Office Space Near I-270

      Office space with excellent access to major routes and amenities.
      500 W Wilson Brg Rd, Worthington, OH
      View Details
    • $17 SF/Yr
      31,238 SF

      Worthington Office Space Available

      Prime Worthington location, flexible suites.
      6877 High St, Worthington, OH 43085
      View Details
    • Contact for pricing
      41,803 SF

      Linworth Crossing Retail Space

      Worthington, Ohio: Prime Retail Opportunity
      2245-2285 Dublin Granville Rd, Worthington, OH 43085
      View Details
    • $12 SF/Yr
      17,042 SF

      Worthington Office Building For Sale

      Prime Worthington Office Space, 17,042 SF
      5655 High St, Worthington, OH 43085
      View Details
    • $9 SF/Yr
      5,560 SF

      Worthington Office Space Available

      Office space with athletic club and conference center access.
      130 E Wilson Brg Rd, Worthington, OH
      View Details
    • $25 SF/Yr
      2,603 SF

      Worthington Office Space For Rent

      Office space in a prime Worthington location with high visibility.
      121 W Wilson Brg Rd, Worthington, OH
      View Details
    • $20 SF/Yr
      5,939 SF

      Worthington Office Building For Lease

      Two Suites Available, Prime Location
      5760 High St, Worthington, OH 43085
      View Details
    • $20 SF/Yr
      51,654 SF

      Worthington Gateway Office Space

      New Class A Office Suites Available
      121 Wilson Bridge Rd, Worthington, OH 43085
      View Details
    • Contact for pricing
      252,512 SF

      Olentangy Plaza Retail Space

      Worthington retail space, flexible layouts.
      0 Bethel Rd. & Jasonway Ave, Worthington, OH 43085
      View Details

    FAQs

    What type of property is this?
    Warehouse - 24,708 SF warehouse with docks, drive-in door, and conditioning.
    Where is this warehouse located?
    The property is located at 7525 Pingue Rd Worthington, OH.
    What is the lease rate?
    The lease rate is $9 SF/Yr.
    What are key features of this property?
    This property features: - 2 docks for efficient loading and unloading.; - Drive-in door provides easy access for various vehicles.; - Heavy electric, ready to support demanding operations.
    (614) 545-1432
    Request Owner's contact information
    7525 Pingue Rd Worthington, OH
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    7525 Pingue Rd
    Worthington, OH
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    7525 Pingue Rd Worthington, OH
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Scott Hrabcak
    Scott Hrabcak
    Real Estate License ID: 354109
    (614) 545-1432
    Learn more
    Google sign-in failed. Please try again or use another login method.