5957-6011 Cleveland Ave, Columbus, OH
Commercial real estate opportunity in Columbus, Ohio with long-term leases.
- Added:
- Dec 3, 2024
- Days on Market:
- 553
- Last Refresh:
- May 20 at 8:46 pm
Property Features for 5957-6011 Cleveland Ave
General Information
- Standard status
- Active
- Size
- 17,911 SF
- Lot size
- 2.43 Acres
- Property subtype
- RETAIL
Listing agent Aleksandra Kaleta (614) 458-8290
Listing office The Gilbert Group (614) 458-8290
Listing date Dec 3, 2024
Source Moodyscre
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 The Gilbert Group
HighLights
- Long term leases providing consistent and strong cash flow.
- Located in Columbus, Ohio, America's fastest growing city.
- Abundant parking with multiple egress points.
- All units have exterior entrances directly off the parking lot.
- Easy access to I‑270 and 161.
- High population density and household income within a 5‑mile radius.
Overview
Local Financial Insights For Healthcare Medical
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 | $386.9k | $21.60 |
| − Vacancy | −$31.0k | −$1.73 |
| EGI | $355.9k | $19.87 |
| − OpEx | −$142.4k | −$7.95 |
| NOI | $213.6k | $11.92 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Columbus
- County
- Delaware
- State
- Ohio
- Longitude
- -82.9511
- Latitude
- 40.0939