Columbus Industrial Warehouse For
For Sale
$3,800,000
1711 Woodland Avenue, Columbus, OH 43219
74,458 SF industrial warehouse in Northeast Columbus with convenient access.
Property Size74,458 SF
Lot Size4.72 Acres
Price / SF$51.04
Days on Market197
Property Features for 1711 Woodland Avenue
General Information
Standard status
Active
Size
74,458 SF
Lot size
4.72 Acres
Property subtype
Industrial
Building Details
Building Size
74,458 SF
Year Built
1958
Listing Agency:
NAI Ohio Equities
(614) 271-9111
Listed By:
Stephen Pryor, CCIM · License #2011000934
(614) 271-9111
Source:
Ohioequities
Added: Jan 27
Changed: Aug 8
Last Checked: Aug 12 at 4:12AM
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 NAI Ohio Equities
Investment Insights
Based on property information with market context.
Available for sale is a 74,458 square foot industrial warehouse, currently occupied by Burton Metal Finishing & Powder Coating Inc. Situated on approximately 4.72 acres in Northeast Columbus, the property provides convenient access to I-670, I-71, and I-270, and is located minutes from John Glenn International Airport. The property consists of two buildings and is zoned for manufacturing. The warehouse features a total of 6 dock doors, 7 drive-in doors, and ceiling heights ranging from 20 to 26 feet. Clear heights range between 18 and 24 feet. The property includes a 4-inch gas line and a 6-inch water line. The building is in good condition and is suitable for an owner-user or a sale-leaseback arrangement with the existing user.
Key Highlights
- ±74,458 SF Industrial Warehouse available.
- Convenient access to I‑670, I‑71, and I‑270, and minutes from John Glenn International Airport.
- Total of 6 Dock Doors and 7 Drive‑In Doors provide flexible access.
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
$294,417
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
7.75%
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%
$5,888,340
$5.9M
Cap Rate 7%
$4,205,957
$4.2M
Cap Rate 9%
$3,271,300
$3.3M
Market Conditions
NOI Build-Up for 74,458 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
$455.7K $6.12/SF
− Vacancy
−$35.1K −$0.47/SF
EGI
$420.6K $5.65/SF
− OpEx
−$126.2K −$1.69/SF
NOI
$294.4K $3.95/SF
Area
Columbus, OH
Vacancy
7.70%
Lease Rate
$6.12 /SF/Yr
Expense Ratio
30.00%
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%
$5,888,340
Cap Rate 7%
$4,205,957
Cap Rate 9%
$3,271,300
Alternative Uses
Best Use
Warehouse
$5.11M
$4.47M – $5.96M
NOI $357,506 @ 7.0% cap · market cap 9.41%
Second Best
Industrial
$4.21M
$3.68M – $4.91M
NOI $294,417 @ 7.0% cap · market cap 7.75%
Theoretical Best
Office A
$15.52M
$13.58M – $18.10M
NOI $1,086,220 @ 7.0% cap · market cap 28.58%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
217
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 43219, OH
30,457
Population
13,210
Households
2.3
Avg Household Size
33
Median Age
22%
College-Educated
82%
High-School Grad
16.0 sq mi
ZIP Area
1,904
Density / Sq Mi
$51,860
Median Household Income
$32,459
Median Earnings
$1,191
Median Rent
$173,600
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?
Warehouse - 74,458 SF industrial warehouse in Northeast Columbus with convenient access.
Where is this warehouse located?
The property is located at 1711 Woodland Avenue Columbus, OH.
What is the asking price?
The asking price for this property is $3,800,000.
What are key features of this property?
This property features: ±74,458 SF Industrial Warehouse available.; Convenient access to I‑670, I‑71, and I‑270, and minutes from John Glenn International Airport.; Total of 6 Dock Doors and 7 Drive‑In Doors provide flexible access.
