Retail-Industrial Flex
For Sale
$284,900
1328 Broad Street, Columbus, OH 43222
Standalone retail/industrial flex space with a new roof, 3-phase power, and a 10' overhead door.
Property Size2,981 SF
Lot Size0.26 Acres
Price / SF$95.57
Days on Market339
Property Features for 1328 Broad Street
General Information
Standard status
Active
Size
2,981 SF
Total Parking Spaces
13
Lot size
0.26 Acres
Property subtype
General Commercial
Warehouse & Industrial
Drive-In Doors
1
Heavy Power
Yes
Taxes and HOA fees
Annual Taxes
$3,683
Amenities
3
Building Details
Year Built
1900
Listing Agency:
Best Corporate Real Estate
(614) 570-9488
Listed By:
James Mangas · License #2002005957
(614) 570-9488
Source:
Xome
Added: Sep 19, 2025
Changed: Aug 14
Last Checked: Aug 23 at 2:53AM
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 Best Corporate Real Estate
Investment Insights
Based on property information with market context.
Approximately 2,981 SF of retail/industrial flex space is available for sale or lease. The property features a new roof and 3-phase power, along with a 10' overhead door suitable for warehouse or light industrial needs.
The site totals approximately 0.2561 acres and can be combined with 1338 W Broad Street for a combined total of approximately 0.387 acres. Parking for the property includes 13+ spaces.
This is a versatile option for tenants or buyers seeking flex space that supports both retail-facing use and functional overhead-door access.
The site totals approximately 0.2561 acres and can be combined with 1338 W Broad Street for a combined total of approximately 0.387 acres. Parking for the property includes 13+ spaces.
This is a versatile option for tenants or buyers seeking flex space that supports both retail-facing use and functional overhead-door access.
Key Highlights
- ±2,981 SF retail/industrial space for sale or lease
- New roof
- 3‑phase power and a 10' overhead door
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
$11,787
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
4.14%
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%
$235,740
$235.7K
Cap Rate 7%
$168,386
$168.4K
Cap Rate 9%
$130,967
$131.0K
Market Conditions
NOI Build-Up for 2,981 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
$18.2K $6.12/SF
− Vacancy
−$1.4K −$0.47/SF
EGI
$16.8K $5.65/SF
− OpEx
−$5.1K −$1.69/SF
NOI
$11.8K $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%
$235,740
Cap Rate 7%
$168,386
Cap Rate 9%
$130,967
Alternative Uses
Best Use
Flex RnD
$423.2K
$370.3K – $493.7K
NOI $29,623 @ 7.0% cap · market cap 10.40%
Second Best
Industrial
$168.4K
$147.3K – $196.5K
NOI $11,787 @ 7.0% cap · market cap 4.14%
Theoretical Best
Office A
$621.3K
$543.6K – $724.8K
NOI $43,488 @ 7.0% cap · market cap 15.26%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
1
Drive-in doors
Yes
Heavy power
Location Intelligence
Trade Area within ½ mile
715
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 43222, OH
4,124
Population
2,311
Households
1.8
Avg Household Size
34
Median Age
16%
College-Educated
73%
High-School Grad
1.4 sq mi
ZIP Area
2,946
Density / Sq Mi
$36,440
Median Earnings
$752
Median Rent
$215,900
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?
Flex space - Standalone retail/industrial flex space with a new roof, 3-phase power, and a 10' overhead door.
Where is this flex space located?
The property is located at 1328 Broad Street Columbus, OH.
What is the asking price?
The asking price for this property is $284,900.
What are key features of this property?
This property features: ±2,981 SF retail/industrial space for sale or lease; New roof; 3‑phase power and a 10' overhead door
