Industrial Building with Drive-In
1503-1505 Alum Creek Dr Columbus, OH 43209
For Sale
Contact for pricing
11,600 SF industrial facility with 8'-15' clear height and newly installed dock doors and drive-in access.
Property Size11,600 SF
Price / SF$146.12
Days on Market477
Property Features for 1503-1505 Alum Creek Dr
General Information
Standard status
Active
Size
11,600 SF
Property subtype
INDUSTRIAL
Listing Agency:
NAI Ohio Equities
(614) 581-2434
Listed By:
Dan Sheeran · License #2016006190
(614) 581-2434
Source:
Moodyscre
Added: Apr 9, 2025
Changed: Jul 28
Last Checked: Jul 28 at 9:05AM
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.
This industrial building totals 11,600 SF and includes two available units: Unit 1505 with 9,600 SF for an owner user and Unit 1503 with 2,000 SF. Recent improvements include a new truck dock and newly installed doors, along with a new 10x10 drive-in door designed to support convenient loading and unloading.
The space features 8'-15' clear height and three-phase 208 | 400 amps power. The property is positioned for convenient access to I-70 and other travel routes, supporting straightforward regional connectivity.
Unit 1505 is the larger owner-user option, while Unit 1503 offers a separate space within the same industrial building footprint.
The space features 8'-15' clear height and three-phase 208 | 400 amps power. The property is positioned for convenient access to I-70 and other travel routes, supporting straightforward regional connectivity.
Unit 1505 is the larger owner-user option, while Unit 1503 offers a separate space within the same industrial building footprint.
Key Highlights
- 11,600 SF industrial building with 8'-15' clear height
- Unit 1505 (9,600 SF) available for an owner user
- Unit 1503 (2,000 SF) available
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 | $71.0k | $6.12 |
| − Vacancy | −$5.5k | −$0.47 |
| EGI | $65.5k | $5.65 |
| − OpEx | −$9.8k | −$0.85 |
| NOI | $55.7k | $4.80 |
11,600 SF · lease $6.12/SF/yr · vacancy 7.70% · expense 15.00%
Alternative Uses
Best Use
Warehouse
$795.7K
$696.2K – $928.3K
NOI $55,697 @ 7.0% cap · market cap 3.29%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.42M
$2.12M – $2.82M
NOI $169,225 @ 7.0% cap · market cap 9.98%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Location Intelligence
Current Use
Similar Off Market Nearby
- Hero Homes Storages — 1549 Frebis Ave, Columbus, OH 43206
- Right Space Storage — columbus, oh 43209
- Self-Storage at U-Haul — 1100 Alum Creek Dr, Columbus, OH 43209
- Extra Space Storage — 1300 Alum Creek Dr, Columbus, OH 43209
- Guardian Relocation Moving Company - Altas Van Lines — 1570 Integrity Dr E, Columbus, OH 43209
Frequently Asked Questions
What type of property is this?
Warehouse - 11,600 SF industrial facility with 8'-15' clear height and newly installed dock doors and drive-in access.
Where is this warehouse located?
The property is located at 1503-1505 Alum Creek Dr Columbus, OH.
What is the asking price?
The asking price for this property is $1,695,000.
What are key features of this property?
This property features: 11,600 SF industrial building with 8'-15' clear height; Unit 1505 (9,600 SF) available for an owner user; Unit 1503 (2,000 SF) available
