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 Market206
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
Listing Agency:
(614) 657-2391
Listed By:
Mike Semon
(614) 657-2391
Source:
Ohioequities
Added: Jan 27
Changed: Aug 11
Last Checked: Aug 21 at 5:47AM
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 = 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
$88,558
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
5.92%
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%
$1,771,160
$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
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
$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 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%
$1,771,160
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
Property Profile
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
Market
Vacancy Rate% for Industrial in Columbus, OH
Questions? Ask Rey
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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.
