5885 North Meadows Boulevard Columbus, OH 43229
1.27 acre development lot suitable for automotive, restaurant, retail.
Property Features for 5885 North Meadows Boulevard
General Information
- Standard status
- Active
- Size
- 3,500 SF
- Lot size
- 1.27 Acres
- Property subtype
- V
Listing office KW Greater Columbus Realty, LLC / KW Commercial (614) 537-3888
Listing date Apr 3, 2024
Source Realnex
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 KW Greater Columbus Realty, LLC / KW Commercial
Investment Insights
Based on property information with market context.
Key Highlights
- 1.27 acre development lot in a high‑traffic area off E Dublin Granville Road.
- Suitable for Automotive, Restaurant, or Fast Food development.
- Ideal for Owner‑Users.
Local Financial Insights For Retail
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 | $50.4k | $14.40 |
| − Vacancy | −$4.3k | −$1.22 |
| EGI | $46.1k | $13.18 |
| − OpEx | −$13.8k | −$3.95 |
| NOI | $32.3k | $9.22 |
