Industrial Flex Space with Drive-In
New
For Sale
$1,150,000
1730 Atlas St, Columbus, OH 43228
M-2-zoned facility combines finished offices with lab and warehouse space.
Property Size5,100 SF
Lot Size1.23 Acres
Price / SF$225.49
Days on Market2
Property Features for 1730 Atlas St
General Information
Standard status
Active
Size
5,100 SF
Lot size
1.23 Acres
Property subtype
Industrial
Zoning
M-2
Warehouse & Industrial
Warehouse Space
3,100 SF
Office Build-Out
2,000 SF
Drive-In Doors
2
Additional Details
Highway Access
Yes
Amenities
Food preparation area with vent hoods and plumbing
Building Details
Building Size
5,100 SF
Year Built
1999
Buildings
1
Listing Agency:
Elford Realty, Inc
Listed By:
Andy Mills, SIOR, CCIM
(614) 582-5521
Source:
Elfordrealty
Added: Sep 16
Last Checked: Sep 16 at 3:12PM
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 Elford Realty, Inc
Investment Insights
Based on property information with market context.
This 5,100-square-foot flex property, built in 1999, includes approximately 2,000 square feet of finished office area and 3,100 square feet configured for lab and warehouse use. Two 12' x 12' drive-in doors provide direct vehicle access, while the food preparation area includes vent hoods and plumbing. The property occupies approximately 1.232 acres and carries M-2 industrial zoning.
Located at 1730 Atlas St in Columbus, the facility offers access to I-70 and I-270. Its combination of office, lab, warehouse, drive-in, and food preparation improvements accommodates a range of industrial and service-oriented operating requirements.
Located at 1730 Atlas St in Columbus, the facility offers access to I-70 and I-270. Its combination of office, lab, warehouse, drive-in, and food preparation improvements accommodates a range of industrial and service-oriented operating requirements.
Key Highlights
- 5,100‑square‑foot industrial flex building built in 1999
- Approximately 2,000 square feet of finished office space
- Approximately 3,100 square feet of lab/warehouse space
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
$76,009
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
6.61%
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%
$1,520,180
$1.5M
Cap Rate 7%
$1,085,843
$1.1M
Cap Rate 9%
$844,544
$844.5K
Market Conditions
NOI Build-Up for 5,100 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
$93.6K $18.36/SF
− Vacancy
−$4.2K −$0.83/SF
EGI
$89.4K $17.53/SF
− OpEx
−$13.4K −$2.63/SF
NOI
$76.0K $14.90/SF
Area
ZIP 43228
Vacancy
4.50%
Lease Rate
$18.36 /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%
$1,520,180
Cap Rate 7%
$1,085,843
Cap Rate 9%
$844,544
Alternative Uses
Best Use
Warehouse
$1.09M
$950.1K – $1.27M
NOI $76,009 @ 7.0% cap · market cap 6.61%
Second Best
Industrial
$889.5K
$778.4K – $1.04M
NOI $62,268 @ 7.0% cap · market cap 5.41%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Lease Details
2
Drive-in doors
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
533
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 43228, OH
58,465
Population
25,623
Households
2.3
Avg Household Size
32
Median Age
26%
College-Educated
86%
High-School Grad
19.9 sq mi
ZIP Area
2,938
Density / Sq Mi
$60,895
Median Household Income
$40,211
Median Earnings
$1,169
Median Rent
$204,000
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Industrial in Columbus, OH
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Country Comfort Cooking — 5311 Renner Rd, Columbus, OH 43228
Frequently Asked Questions
What type of property is this?
Flex space - M-2-zoned facility combines finished offices with lab and warehouse space.
Where is this flex space located?
The property is located at 1730 Atlas St Columbus, OH.
What is the asking price?
The asking price for this property is $1,150,000.
What are key features of this property?
This property features: 5,100‑square‑foot industrial flex building built in 1999; Approximately 2,000 square feet of finished office space; Approximately 3,100 square feet of lab/warehouse space
