Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    The Largest CRE Database in the US with Over 1 Million Listings

    220 Park West Dr West Jefferson, OH

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    Class A warehouse in West Jefferson, OH, built in 2020.

    Type:INDUSTRIAL
    Property size:
    845,280 SF
    Lot size:
    59.10 Acres
    Added:
    Oct 11, 2023
    Days on Market:
    932
    Last Refresh:
    Apr 5 at 10:15 pm

    Property Features for 220 Park West Dr

    General Information

    Standard status
    Active
    Size
    845,280 SF
    Lot size
    59.10 Acres
    Property subtype
    INDUSTRIAL

    Spaces For Lease

    at 220 Park West Dr Contact us

    We can help!

    Listing Contact
    Michael Linder, SIOR

    Listing agent Michael Linder, SIOR

    Listing office Colliers | Columbus

    Listing date Oct 11, 2023

    Source Moodyscre

    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 Colliers | Columbus

    Overview

    West Jefferson Class A Warehouse

    The property at 220 Park West Drive is a Class A warehouse situated in West Jefferson, Ohio. Constructed in 2020, the building features a cross-dock configuration and a clear height of 36 feet. It also includes approximately 2,500 square feet of office space. The location provides immediate access to I-70 and US Routes 29 and 40, and is located approximately 24 minutes from downtown Columbus. The property has a total size of 845,280 square feet.
    Location Intelligence

    Current Use by Public Records

    Warehouses

    Similar Places Nearby

    • StrikeKing Storage Inns — 77 Jackson St, West Jefferson, OH 43162

    Map

    City
    West Jefferson
    County
    Madison
    State
    Ohio
    Longitude
    -83.2688
    Latitude
    39.9448

    Nearby Similar for Lease

    • $16 SF/Yr

      Retail Space on Main Street

      Retail spaces available in West Jefferson with high visibility.
      229-275 E Main St, West Jefferson, OH
      View Details
    • Contact for pricing

      Industrial Warehouse Space Available

      Class A warehouse space for lease in West Jefferson, OH.
      US Highway 40, West Jefferson, OH
      View Details
    • Contact for pricing

      C5 Gateway Logistics Center

      747,520 SF distribution center near Interstate 70.
      1050 Gateway Park Dr, West Jefferson, OH
      View Details
    • Contact for pricing

      Modern Distribution Warehouse in West Jefferson

      832,600 SF warehouse space available for lease.
      1020 Enterprise Pkwy, West Jefferson, OH
      View Details
    • Contact for pricing

      Industrial Space Available for Lease

      Industrial space available for lease at Park 70 East.
      15 Commerce Pkwy, West Jefferson, OH
      View Details
    • Contact for pricing

      West Jefferson Logistics Center Space

      Large distribution center space near major transportation routes.
      1025 Enterprise Pkwy S, West Jefferson, OH
      View Details
    • Contact for pricing

      West Jefferson Warehouse For Sale

      Large industrial warehouse with ample parking and modern amenities.
      44 Commerce Pkwy, West Jefferson, OH
      View Details
    • Contact for pricing

      Industrial Space Available for Lease

      Industrial space available for lease at Park 70 East.
      SR-29 & National Pike, West Jefferson, OH
      View Details
    • Contact for pricing

      Industrial Space Available For Lease

      Industrial space available for lease at Park 70 East.
      Park 70 East, West Jefferson, OH
      View Details
    • Contact for pricing

      West Jefferson Industrial/Logistics Opportunity

      Industrial and logistics space available for lease in West Jefferson.
      200 Park West Dr, West Jefferson, OH
      View Details
    • Contact for pricing

      Class A Logistics Park

      169-acre logistics park with spaces available for lease.
      Commerce Pkwy & Park West Dr, West Jefferson, OH
      View Details

    FAQs

    What type of property is this?
    Warehouse - Class A warehouse in West Jefferson, OH, built in 2020.
    Where is this warehouse located?
    The property is located at 220 Park West Dr West Jefferson, OH.
    What are key features of this property?
    This property features: Immediate access to I‑70 and US Routes 29 and 40.; Located just 24 minutes from downtown Columbus.; Class A warehouse built in 2020.
    (614) 207-3316 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Michael Linder, SIOR
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!