Centrally Located Standalone
For Sale
Contact for pricing
2201 Advance Ave, Columbus, OH
Unique property for sale or lease with income-producing trailer parking.
Property Size56,784 SF
Lot Size6.74 Acres
Price / SF$87.17
Days on Market864
Property Features for 2201 Advance Ave
General Information
Standard status
Active
Size
56,784 SF
Lot size
6.74 Acres
Property subtype
INDUSTRIAL
Lease Type
NNN
Site & Location
Neighborhood
South Side
Properties For Sale
at 2201 Advance Ave
2201 Advance Ave
AVAILABLE, Now
Floor
Bldg
Size
56,784 SF
Type
INDUSTRIAL
Lease Type
NNN
Sublease
No
- Unique centrally located standalone property
available for sale or lease. In the instance of a sale
the property comes with approximately 8-acres
of leased, income producing trailer parking. This
property boasts new improvements such as
concrete/paving work, exterior paint, and LED
lighting in the warehouse.
Contact us
Listing Agency:
Colliers | Columbus
(614) 436-9800
Listed By:
Kyle Ghiloni · License #SAL.2017003909
(614) 437-4515
Source:
Moodyscre
Added: Jun 18, 2024
Changed: Oct 25
Last Checked: Oct 28 at 8:20AM
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 Colliers | Columbus
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This centrally located standalone property is available for sale or lease. The property includes approximately 8 acres of leased, income-producing trailer parking. Recent improvements include concrete and paving work, exterior paint, and LED lighting in the warehouse. The property size is 56784 square feet.
Key Highlights
- Income‑producing: Approximately 8 acres of leased trailer parking.
- Centrally located standalone property.
- New improvements: Features recent concrete/paving work, exterior paint, and LED warehouse lighting.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$272,645
Cap Rate
5.51%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$5,452,900
$5.5M
Cap Rate 7%
$3,894,929
$3.9M
Cap Rate 9%
$3,029,389
$3.0M
Market Conditions
NOI Build-Up for 56,784 SF
Gross rent
$347.5K $6.12/SF
− Vacancy
−$26.8K −$0.47/SF
EGI
$320.8K $5.65/SF
− OpEx
−$48.1K −$0.85/SF
NOI
$272.6K $4.80/SF
Area
Columbus, OH
Vacancy
7.70%
Lease Rate
$6.12 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$5,452,900
Cap Rate 7%
$3,894,929
Cap Rate 9%
$3,029,389
Alternative Uses
Best Use
Retail
$9.35M
$8.18M – $10.91M
NOI $654,663 @ 7.0% cap · market cap 13.23%
Second Best
Warehouse
$3.89M
$3.41M – $4.54M
NOI $272,645 @ 7.0% cap · market cap 5.51%
Theoretical Best
Office A
$11.83M
$10.35M – $13.81M
NOI $828,385 @ 7.0% cap · market cap 16.74%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
229
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Industrial in Columbus, OH
Similar Off Market Nearby
- Columbus Cold Storage — 2159 Lockbourne Rd, Columbus, OH 43207
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- Integrity Moving and Storage — 2050 Corvair Blvd, Columbus, OH 43207
Frequently Asked Questions
What type of property is this?
Warehouse - Unique property for sale or lease with income-producing trailer parking.
Where is this warehouse located?
The property is located at 2201 Advance Ave Columbus, OH.
What is the asking price?
The asking price for this property is $4,950,000.
What are key features of this property?
This property features: Income‑producing: Approximately 8 acres of leased trailer parking.; Centrally located standalone property.; New improvements: Features recent concrete/paving work, exterior paint, and LED warehouse lighting.
