Free-Standing Warehouse/Flex
For Sale
Contact for pricing
1220 Bonham Ave, Columbus, OH 43211
Freestanding warehouse with flex layout, office space, and drive-in doors on ample yard for industrial and light manufacturing use.
Property Size9,440 SF
Lot Size3.06 Acres
Price / SF$264.83
Days on Market65
Property Features for 1220 Bonham Ave
General Information
Standard status
Active
Size
9,440 SF
Lot size
3.06 Acres
Property subtype
INDUSTRIAL
Lease Type
NNN
Warehouse & Industrial
Clear Height
18 ft
Drive-In Doors
3
Properties For Sale
at 1220 Bonham Ave Contact us- Floor
- 1
- Size
- 9,440 SF
- Type
- INDUSTRIAL
- Lease Type
- NNN
- Availability
- AVAILABLE, 90 Days
- Sublease
- No
1220 Bonham Ave
Listing Agency:
RE/MAX Town Center | Columbus
(614) 428-7444
Listed By:
DJ Falcoski · License #SAL.2014002679
(614) 774-2573
Source:
Moodyscre
Added: Jun 18
Changed: Aug 8
Last Checked: Aug 20 at 10:24AM
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 RE/MAX Town Center | Columbus
Investment Insights
Based on property information with market context.
This free-standing warehouse/flex facility offers approximately 9,440 square feet of warehouse and flex space along with a 1,440 square foot office. The building includes three 12' x 14' drive-in doors and provides 16' to 18' clear height in the warehouse area. The property was continuously occupied since 1998 and was improved with a new 20-year EPDM roofing system installed in July 2025.
Set on 3.06 acres, the site provides ample yard space for parking and potential outdoor storage. The property also notes potential for rail access, adding an additional consideration for operators who may value alternative logistics options.
With its combination of warehouse capacity, multiple drive-in doors, and attached office space, the facility may suit a range of industrial and light manufacturing users that need a functional flex setup and straightforward ground-level loading. For buyers, the recent roof replacement and established occupancy history provide practical points of reference when evaluating a property of this size and configuration.
Set on 3.06 acres, the site provides ample yard space for parking and potential outdoor storage. The property also notes potential for rail access, adding an additional consideration for operators who may value alternative logistics options.
With its combination of warehouse capacity, multiple drive-in doors, and attached office space, the facility may suit a range of industrial and light manufacturing users that need a functional flex setup and straightforward ground-level loading. For buyers, the recent roof replacement and established occupancy history provide practical points of reference when evaluating a property of this size and configuration.
Key Highlights
- Approximately 9,440 SF free‑standing warehouse/flex facility on 3.06 acres
- Includes about 1,440 SF of office space
- Warehouse has three (3) 12’ x 14’ drive‑in doors
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$93,807
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.75%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,876,140
$1.9M
Cap Rate 7%
$1,340,100
$1.3M
Cap Rate 9%
$1,042,300
$1.0M
Market Conditions
NOI Build-Up for 9,440 SF
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.
Gross rent
$158.6K $16.80/SF
− Vacancy
−$14.3K −$1.51/SF
EGI
$144.3K $15.29/SF
− OpEx
−$50.5K −$5.35/SF
NOI
$93.8K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,876,140
Cap Rate 7%
$1,340,100
Cap Rate 9%
$1,042,300
Alternative Uses
Best Use
Flex RnD
$1.34M
$1.17M – $1.56M
NOI $93,807 @ 7.0% cap · market cap 3.75%
Second Best
Warehouse
$647.5K
$566.6K – $755.4K
NOI $45,326 @ 7.0% cap · market cap 1.81%
Theoretical Best
Office A
$1.97M
$1.72M – $2.30M
NOI $137,714 @ 7.0% cap · market cap 5.51%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
18 ft
Clear height
3
Drive-in doors
Location Intelligence
Trade Area within ½ mile
404
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 43211, OH
23,160
Population
9,956
Households
2.3
Avg Household Size
32
Median Age
11%
College-Educated
77%
High-School Grad
4.7 sq mi
ZIP Area
4,928
Density / Sq Mi
$38,715
Median Household Income
$28,601
Median Earnings
$1,057
Median Rent
$91,600
Median Home Value
Market
Vacancy Rate% for Industrial in Columbus, OH
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Flex space - Freestanding warehouse with flex layout, office space, and drive-in doors on ample yard for industrial and light manufacturing use.
Where is this flex space located?
The property is located at 1220 Bonham Ave Columbus, OH.
What is the asking price?
The asking price for this property is $2,500,000.
What are key features of this property?
This property features: Approximately 9,440 SF free‑standing warehouse/flex facility on 3.06 acres; Includes about 1,440 SF of office space; Warehouse has three (3) 12’ x 14’ drive‑in doors
