Industrial
For Sale
$2,000,000
2185-2187 Citygate Dr, Columbus, OH 43219
Industrial flex/warehouse offering 10,050 SF and presented for owner-user sale.
Property Size10,050 SF
Price / SF$199
Days on Market96
Property Features for 2185-2187 Citygate Dr
General Information
Standard status
Active
Size
10,050 SF
Property subtype
Commercial
Building Details
Building Size
10,050 SF
Listed By:
Woody Walton · License #2021003152 (OH)
(270) 535-2265
Source:
Matthews
Added: Jul 18
Changed: Oct 5
Last Checked: Oct 20 at 5:12PM
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 Woody Walton
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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
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$99,869
Cap Rate
4.99%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,997,380
$2.0M
Cap Rate 7%
$1,426,700
$1.4M
Cap Rate 9%
$1,109,656
$1.1M
Market Conditions
NOI Build-Up for 10,050 SF
Gross rent
$168.8K $16.80/SF
− Vacancy
−$15.2K −$1.51/SF
EGI
$153.6K $15.29/SF
− OpEx
−$53.8K −$5.35/SF
NOI
$99.9K $9.94/SF
Area
Columbus, OH
Vacancy
9.00%
Lease Rate
$16.80 /SF/Yr
Expense Ratio
35.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,997,380
Cap Rate 7%
$1,426,700
Cap Rate 9%
$1,109,656
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 authorities.
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Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
350
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 43219, OH
30,457
Population
13,210
Households
2.3
Avg Household Size
33
Median Age
22%
College-Educated
82%
High-School Grad
16.0 sq mi
ZIP Area
1,904
Density / Sq Mi
$51,860
Median Household Income
$32,459
Median Earnings
$1,191
Median Rent
$173,600
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
Frequently Asked Questions
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
