Sprawling Warehouse on 7
2040 S Hamilton Rd Columbus, OH 43232
2040 S Hamilton Rd, Columbus, OH, 43232
$5,999,000
For Sale
$5,999,000
89,760 SF warehouse with 14 docks, convenient highway access.
Property Size89,760 SF
Lot Size7.00 Acres
Price / SF$66.83
Days on Market177
Property Features for 2040 S Hamilton Rd
General Information
- Standard status
- Active
- Size
- 89,760 SF
- Lot size
- 7.00 Acres
- Property subtype
- Industrial
Building Details
- Year Built
- 1962
Listing agency
(614) 657-2391
Listed by
Mike Semon
(614) 657-2391
Source
Ohioequities
Added: Jan 27 Updated: Jul 6 at 10:11AM Checked: Jul 23 at 5:41AM
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 Mike Semon
Investment Insights
Based on property information with market context.
The property at 2040 S Hamilton Road is available for sale, featuring an 89,760 square foot main warehouse building situated on 7 acres. The warehouse includes ceiling heights ranging from 18 to 22 feet, providing vertical storage space. The property also features 14 dock doors and 4 drive-in doors. Outdoor trailer storage is available. Zoned for Manufacturing (M1), the property accommodates a range of industrial and commercial uses. Located east of Downtown Columbus, the property provides access to I-70 and I-270.
Key Highlights
- 89,760 SF Main Warehouse with 7% Cap Rate and National Credit Tenant
- Convenient access to I‑70 and I‑270
- Features 14 Dock Doors and 4 Drive‑In Doors
Local Financial Insights For Warehouse
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 | $549.3k | $6.12 |
| − Vacancy | −$42.3k | −$0.47 |
| EGI | $507.0k | $5.65 |
| − OpEx | −$76.1k | −$0.85 |
| NOI | $431.0k | $4.80 |
89,760 SF · lease $6.12/SF/yr · vacancy 7.70% · expense 15.00%
Alternative Uses
Best Use
Warehouse
$6.16M
$5.39M – $7.18M
NOI $430,978 @ 7.0% cap · market cap 7.18%
Second Best
Industrial
$5.07M
$4.44M – $5.92M
NOI $354,923 @ 7.0% cap · market cap 5.92%
Theoretical Best
Office A
$18.71M
$16.37M – $21.82M
NOI $1,309,450 @ 7.0% cap · market cap 21.83%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
TP Mechanical Contractors
HVAC Service
Similar For Sale Nearby
Similar Off Market Nearby
- Pac-Van Storage & Office Solutions — 2154 Cloverleaf St E, Columbus, OH 43232
- Marshall Acquistions Storage Lot — 4677 Groves Rd, Columbus, OH 43232
- Storage Rentals of America — 4111 Groves Rd, Columbus, OH 43232
- Storage Rentals of America — 3995 Groves Rd, Columbus, OH 43232
- Jenny Storage Units - Cheap Self Storage Near You — 2520 s hamilton rd, columbus, oh 43232
FAQs
What type of property is this?
Warehouse - 89,760 SF warehouse with 14 docks, convenient highway access.
Where is this warehouse located?
The property is located at 2040 S Hamilton Rd Columbus, OH.
What is the asking price?
The asking price for this property is $5,999,000.
What are key features of this property?
This property features: 89,760 SF Main Warehouse with **7% Cap Rate and National Credit Tenant**; Convenient access to I‑70 and I‑270; Features 14 Dock Doors and 4 Drive‑In Doors
