Flex Warehouse with Drive-In
For Sale
$735,000
6800 E Main Street Reynoldsburg, Reynoldsburg, OH 43068
Flex and warehouse building with heated 2-car garage, drive-in door, and a spacious retail area for versatile operations.
Property Size4,028 SF
Lot Size0.40 Acres
Price / SF$182.47
Days on Market46
Property Features for 6800 E Main Street Reynoldsburg
General Information
Standard status
Active
Size
4,028 SF
Total Parking Spaces
14
Lot size
0.40 Acres
Additional Details
Drive-In Doors
1
Taxes and HOA fees
Annual Taxes
$11,831
Amenities
No
0.4
14.0
4028.0
Building Details
Building Size
4,028 SF
Year Built
1941
Stories
1
Listing Agency:
(614) 660-5959
Listed By:
Joe Herban
(614) 660-5959
Source:
Movenowohio
Added: Jul 7
Changed: Aug 8
Last Checked: Aug 8 at 8:12AM
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 Joe Herban
Investment Insights
Based on property information with market context.
This flex warehouse property offers a sizable, easy-to-plan interior with a large open retail space, a walk-in cooler, an updated bathroom, and a basement with substantial shelving. The building is supported by a newly paved parking lot with 10 parking spaces and includes an attached, heated 2-car garage featuring a drive-in door, making loading and light warehousing more practical. The property is described as meticulously maintained, with owners adding improvements that include new HVAC, along with additional upgrades noted for the building systems.
Located on Main Street in downtown Reynoldsburg, the site sits between Rosehill & Briarcliff Roads. The property is positioned within the East Main St District, and it is situated on approximately 0.40 acres. The surrounding area is noted for ongoing Main Street redevelopment, with new mixed-use and multi-story projects underway.
For tenants, operators, or buyers seeking a versatile setup, the combination of open interior space, walk-in cooler, and drive-in garage supports a range of business models that require both showroom or retail-ready areas and functional storage or light distribution. The paved parking and downtown presence also help accommodate customer and employee access for day-to-day operations.
Located on Main Street in downtown Reynoldsburg, the site sits between Rosehill & Briarcliff Roads. The property is positioned within the East Main St District, and it is situated on approximately 0.40 acres. The surrounding area is noted for ongoing Main Street redevelopment, with new mixed-use and multi-story projects underway.
For tenants, operators, or buyers seeking a versatile setup, the combination of open interior space, walk-in cooler, and drive-in garage supports a range of business models that require both showroom or retail-ready areas and functional storage or light distribution. The paved parking and downtown presence also help accommodate customer and employee access for day-to-day operations.
Key Highlights
- 4,028 SF flex/warehouse building built in 1941 in the East Main St District
- On 0.40‑acre lot with a newly paved parking lot and 10 parking spaces
- Heated, attached 2‑car industrial garage with a drive‑in door for warehousing or service use
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
$56,830
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
7.73%
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%
$1,136,600
$1.1M
Cap Rate 7%
$811,857
$811.9K
Cap Rate 9%
$631,444
$631.4K
Market Conditions
NOI Build-Up for 4,028 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
$88.0K $21.84/SF
− Vacancy
−$21.1K −$5.24/SF
EGI
$66.9K $16.60/SF
− OpEx
−$10.0K −$2.49/SF
NOI
$56.8K $14.11/SF
Area
Franklin County, OH
Vacancy
24.00%
Lease Rate
$21.84 /SF/Yr
Expense Ratio
15.00%
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%
$1,136,600
Cap Rate 7%
$811,857
Cap Rate 9%
$631,444
Alternative Uses
Best Use
Warehouse
$811.9K
$710.4K – $947.2K
NOI $56,830 @ 7.0% cap · market cap 7.73%
Second Best
Retail
$766.4K
$670.6K – $894.2K
NOI $53,651 @ 7.0% cap · market cap 7.30%
Theoretical Best
Specialty Retail
$821.2K
$718.5K – $958.1K
NOI $57,483 @ 7.0% cap · market cap 7.82%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
1
Drive-in doors
Location Intelligence
Trade Area within ½ mile
718
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 43068, OH
59,585
Population
25,294
Households
2.4
Avg Household Size
36
Median Age
30%
College-Educated
91%
High-School Grad
19.6 sq mi
ZIP Area
3,040
Density / Sq Mi
$70,451
Median Household Income
$42,327
Median Earnings
$1,214
Median Rent
$225,500
Median Home Value
Market
Vacancy Rate% for Industrial in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Flex space - Flex and warehouse building with heated 2-car garage, drive-in door, and a spacious retail area for versatile operations.
Where is this flex space located?
The property is located at 6800 E Main Street Reynoldsburg Reynoldsburg, OH.
What is the asking price?
The asking price for this property is $735,000.
What are key features of this property?
This property features: 4,028 SF flex/warehouse building built in 1941 in the East Main St District; On 0.40‑acre lot with a newly paved parking lot and 10 parking spaces; Heated, attached 2‑car industrial garage with a drive‑in door for warehousing or service use
