Building Details

Buildings 4

Listing Agency: Keller Williams Consultants Realty Show Phone

Listed By: Steven S. Smith Show Phone

Source: Moodyscre

Added: May 4 Changed: Oct 25 Last Checked: Oct 28 at 5:54AM

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Investment Insights

Based on property information with market context.

This flex space property is set on two parcels totaling nearly 6.5 acres and includes four buildings that combine for 22,500 SF of usable space. The configuration is designed for a mix of warehouse, workshop, and retail frontage use, with practical on-site improvements for moving and storing product.

Operational convenience is supported by 15 drive-in doors and two outdoor docks. The property’s frontage on S. Jefferson Ave is positioned for strong daily traffic exposure and visibility, while also offering easy access to both US-42 and SR-161. Uptown Plain City is described as a short distance away, and Dublin, London, Delaware, and Marysville are also noted as minutes from the site.

With B2 Business zoning, the site offers flexibility for businesses seeking a combination of warehousing, support space, and retail-facing activity in one location.

Key Highlights

• Nearly 6.5 acres across two parcels
• Four buildings totaling 22,500 SF of usable space
• B2 Business zoning

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$131,144

Cap Rate

6.56%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$2,622,880 $2.6M

Cap Rate 7%

$1,873,486 $1.9M

Cap Rate 9%

$1,457,156 $1.5M

Is this asking price fair?

Market Conditions

NOI Build-Up for 26,400 SF

Gross rent

$218.6K $8.28/SF

− Vacancy

−$16.8K −$0.64/SF

EGI

$201.8K $7.64/SF

− OpEx

−$70.6K −$2.67/SF

NOI

$131.1K $4.97/SF

Area

Madison County, OH

Vacancy

7.70%

Lease Rate

$8.28 /SF/Yr

Expense Ratio

35.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$2,622,880

Cap Rate 7%

$1,873,486

Cap Rate 9%

$1,457,156

Alternative Uses

Best Use

Warehouse

$5.32M

$4.66M – $6.21M (±1% cap)

NOI $372,468 @ 7.0% cap · market cap 18.62%

Second Best

Industrial

$4.38M

$3.83M – $5.11M (±1% cap)

NOI $306,738 @ 7.0% cap · market cap 15.34%

Theoretical Best

—

—

same as Best Use

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Who owns this building? See the owner, sales and loan history

Open Analytics

Current Use

Rt. 42 Bargains Discount Store D&D Pallet Liquidators Liquidator Rocky Mountain Coffee ... Cafe & Coffee Shop Runyon Erectors Construction Company

Suggested Use

Top Pick Real Estate Agency Law Firm Big Box & Wholesale Store Dental Office Auto Parts Store Building Supply

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

15

Drive-in doors

Yes

Highway access

Yes

Paved road access

Location Intelligence

Trade Area within ½ mile

340

Businesses Nearby

Under-served

Demand for This Use

Explore this area Business Placement

Demographics for 43064, OH

17,301

Population

6,450

Households

2.7

Avg Household Size

38

Median Age

55%

College-Educated

97%

High-School Grad

103.6 sq mi

ZIP Area

167

Density / Sq Mi

$129,196

Median Household Income

$66,588

Median Earnings

$1,395

Median Rent

$419,300

Median Home Value

Market

Vacancy Rate% for Industrial in Midwest region

4.4% 2019

4.9% 2020

3.6% 2021

3.1% 2022

4.6% 2023

5% 2024

4.9% 2025

Similar For Sale Nearby

See more

Brick Duplex with Attached Garages

6119 Converse Huff Road, Plain City, OH 43064

$575,000

2,100 SF

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B2-Zoned Retail Space

117 S Jefferson Ave, Plain City, OH 43064

Contact for pricing

256 SF

View details

Frequently Asked Questions

What type of property is this?

Flex space - B2 zoned flex space with 15 drive-in doors and 2 outdoor docks across four buildings totaling 22,500 SF.

Where is this flex space located?

The property is located at 235 S Jefferson Ave Plain City, OH.

What is the asking price?

The asking price for this property is $1,999,999.

What are key features of this property?

This property features: Nearly 6.5 acres across two parcels; Four buildings totaling 22,500 SF of usable space; B2 Business zoning