Industrial Warehouse
For Sale
Contact for pricing
185-195 E 5th Ave, Columbus, OH 43201
Established industrial building with flexible warehouse space and on-site parking.
Property Size12,000 SF
Lot Size0.42 Acres
Price / SF$133.33
Days on Market54
Property Features for 185-195 E 5th Ave
General Information
Standard status
Active
Size
12,000 SF
Total Parking Spaces
15
Lot size
0.42 Acres
Property subtype
INDUSTRIAL
Additional Details
Opportunity Zone
Yes
Warehouse Space
12,000 SF
Building Details
Year Built
1961
Building Size
12,000 SF
Listing Agency:
The Robert Weiler Company
(614) 221-4286
Listed By:
Alex Marsh · License #2013002225
(614) 937-3658
Source:
Moodyscre
Added: Aug 24
Changed: Oct 15
Last Checked: Oct 15 at 1:34AM
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 The Robert Weiler Company
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
The property comprises a warehouse facility of approximately 12,000 +/- SF on approximately 0.42 acres. Built in 1961, the building provides functional industrial space that can support storage, distribution, light manufacturing, contractor operations, and service businesses. Fifteen parking spaces are positioned along the west side of the building for employee and visitor access.
Located at 185-195 E 5th Ave in Columbus, Ohio, the property sits within an established industrial and commercial corridor near downtown Columbus and major transportation routes. The site is also within an Ohio Qualified Opportunity Zone, a designation relevant to investors evaluating continued industrial use or future modernization.
Located at 185-195 E 5th Ave in Columbus, Ohio, the property sits within an established industrial and commercial corridor near downtown Columbus and major transportation routes. The site is also within an Ohio Qualified Opportunity Zone, a designation relevant to investors evaluating continued industrial use or future modernization.
Key Highlights
- 12,000 +/- SF warehouse facility on approximately 0.42 acres
- Built in 1961 with functional industrial space
- 15 on‑site parking spaces along the west side of the building
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$57,617
Cap Rate
3.60%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,152,340
$1.2M
Cap Rate 7%
$823,100
$823.1K
Cap Rate 9%
$640,189
$640.2K
Market Conditions
NOI Build-Up for 12,000 SF
Gross rent
$73.4K $6.12/SF
− Vacancy
−$5.7K −$0.47/SF
EGI
$67.8K $5.65/SF
− OpEx
−$10.2K −$0.85/SF
NOI
$57.6K $4.80/SF
Area
Columbus, OH
Vacancy
7.70%
Lease Rate
$6.12 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,152,340
Cap Rate 7%
$823,100
Cap Rate 9%
$640,189
Alternative Uses
Best Use
Warehouse
$823.1K
$720.2K – $960.3K
NOI $57,617 @ 7.0% cap · market cap 3.60%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.50M
$2.19M – $2.92M
NOI $175,060 @ 7.0% cap · market cap 10.94%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
2,286
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 43201, OH
37,528
Population
17,484
Households
2.1
Avg Household Size
26
Median Age
65%
College-Educated
95%
High-School Grad
3.1 sq mi
ZIP Area
12,106
Density / Sq Mi
$43,451
Median Household Income
$21,792
Median Earnings
$1,299
Median Rent
$438,300
Median Home Value
Market
Vacancy Rate% for Industrial in Columbus, OH
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Frequently Asked Questions
What type of property is this?
Warehouse - Established industrial building with flexible warehouse space and on-site parking.
Where is this warehouse located?
The property is located at 185-195 E 5th Ave Columbus, OH.
What is the asking price?
The asking price for this property is $1,600,000.
What are key features of this property?
This property features: 12,000 +/- SF warehouse facility on approximately 0.42 acres; Built in 1961 with functional industrial space; 15 on‑site parking spaces along the west side of the building
