Industrial
2185-2187 Citygate Dr Columbus, OH 43219
2185-2187 Citygate Dr, Columbus, OH, 43219
Contact for pricing
For Sale
Contact for pricing
Industrial flex/warehouse offering 10,050 SF and presented for owner-user sale.
Property Size10,050 SF
Price / SF$199
Days on Market161
Property Features for 2185-2187 Citygate Dr
General Information
- Standard status
- Active
- Size
- 10,050 SF
- Property subtype
- Industrial
Listing agency
Matthews
(866) 889-0550
Listed by
Caleb Gianangeli · License #2023002792
Source
Crexi
Added: Feb 10 Updated: Jul 21 at 3:08AM Checked: Jul 21 at 3:08AM
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 Matthews
Investment Insights
Based on property information with market context.
This industrial flex/warehouse property is offered for sale as a total of 10,050 SF. It is well-suited for an owner-user arrangement, combining flexible industrial space with warehouse functionality under one roof.
The property is located at 2185-2187 Citygate Dr in Columbus, Ohio (43219).
The property is located at 2185-2187 Citygate Dr in Columbus, Ohio (43219).
Key Highlights
- Industrial flex/warehouse for owner‑user sale
- 10,050 SF total building size
Local Financial Insights For Flex RnD
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $168.8k | $16.80 |
| − Vacancy | −$15.2k | −$1.51 |
| EGI | $153.6k | $15.29 |
| − OpEx | −$53.8k | −$5.35 |
| NOI | $99.9k | $9.94 |
10,050 SF · lease $16.80/SF/yr · vacancy 9.00% · expense 35.00%
Alternative Uses
Best Use
Flex RnD
$1.43M
$1.25M – $1.66M
NOI $99,869 @ 7.0% cap · market cap 4.99%
Second Best
Warehouse
$689.4K
$603.2K – $804.3K
NOI $48,255 @ 7.0% cap · market cap 2.41%
Theoretical Best
Office A
$2.09M
$1.83M – $2.44M
NOI $146,613 @ 7.0% cap · market cap 7.33%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Flex space
Similar For Sale Nearby
FAQs
What type of property is this?
Flex space - Industrial flex/warehouse offering 10,050 SF and presented for owner-user sale.
Where is this flex space located?
The property is located at 2185-2187 Citygate Dr Columbus, OH.
What is the asking price?
The asking price for this property is $2,000,000.
What are key features of this property?
This property features: Industrial flex/warehouse for owner‑user sale; 10,050 SF total building size
