Columbus Industrial Warehouse on 3.25
For Sale
$1,495,000
1945 Jackson Road, Columbus, OH 43223
18,444 SF industrial warehouse with convenient highway access.
Property Size18,444 SF
Lot Size3.25 Acres
Price / SF$81.06
Days on Market251
Property Features for 1945 Jackson Road
General Information
Standard status
Active
Size
18,444 SF
Lot size
3.25 Acres
Property subtype
Industrial
Building Details
Building Size
18,444 SF
Year Built
1973
Listed By:
Mike Semon
(614) 657-2391
Source:
Ohioequities
Added: Jan 27
Changed: Sep 12
Last Checked: Oct 5 at 5:03PM
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 Mike Semon
Investment Insights
Based on property information with market context.
This industrial investment opportunity is located in Southwest Columbus. The 18,444 SF industrial warehouse building includes one dock-high door and three drive-in doors. The property consists of four parcels totaling 3.25 acres. Situated on Jackson Road, south of Downtown Columbus, the property is in close proximity to US-62, providing convenient highway access. The building features a 14' clear height and ample parking.
Key Highlights
- Large 3.25‑acre lot provides ample space and potential for expansion.
- Convenient highway access facilitates efficient transportation and logistics.
- Functional warehouse space of 18,444 SF suitable for various industrial uses.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$88,558
Cap Rate
5.92%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,771,160
$1.8M
Cap Rate 7%
$1,265,114
$1.3M
Cap Rate 9%
$983,978
$984.0K
Market Conditions
NOI Build-Up for 18,444 SF
Gross rent
$112.9K $6.12/SF
− Vacancy
−$8.7K −$0.47/SF
EGI
$104.2K $5.65/SF
− OpEx
−$15.6K −$0.85/SF
NOI
$88.6K $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%
$1,771,160
Cap Rate 7%
$1,265,114
Cap Rate 9%
$983,978
Alternative Uses
Best Use
Warehouse
$1.27M
$1.11M – $1.48M
NOI $88,558 @ 7.0% cap · market cap 5.92%
Second Best
Industrial
$1.04M
$911.6K – $1.22M
NOI $72,930 @ 7.0% cap · market cap 4.88%
Theoretical Best
Office A
$3.84M
$3.36M – $4.48M
NOI $269,068 @ 7.0% cap · market cap 18.00%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
487
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 43223, OH
27,951
Population
10,662
Households
2.6
Avg Household Size
35
Median Age
11%
College-Educated
77%
High-School Grad
10.0 sq mi
ZIP Area
2,795
Density / Sq Mi
$45,902
Median Household Income
$32,509
Median Earnings
$1,063
Median Rent
$113,600
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in Columbus, OH
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Frequently Asked Questions
What type of property is this?
Warehouse - 18,444 SF industrial warehouse with convenient highway access.
Where is this warehouse located?
The property is located at 1945 Jackson Road Columbus, OH.
What is the asking price?
The asking price for this property is $1,495,000.
What are key features of this property?
This property features: Large 3.25‑acre lot provides ample space and potential for expansion.; Convenient highway access facilitates efficient transportation and logistics.; Functional warehouse space of 18,444 SF suitable for various industrial uses.
