Updated Warehouse
304 Bowen Road, Canal Winchester, OH 43110
For Sale
Contact for pricing
Fresh paint, recently installed doors, and electric service create a practical commercial bay configuration.
Property Size336 SF
Price / SF$1.03
Days on Market50
Property Features for 304 Bowen Road
General Information
Standard status
Size
Additional Details
Highway Access
Drive-In Doors
Listing Agency:
RZ Realty
(614) 486-7070
Listed By:
Jay R Zollars · License #363667
(614) 374-5050
Source:
Maryhatem
Added: Sep 19
Changed: Oct 26
Last Checked: Nov 6 at 8:40AM
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 RZ Realty
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Investment Insights
Based on property information with market context.
This updated warehouse bay provides over 325 SF of functional commercial space within a 14'6'' by 23'2'' footprint. Recent improvements include fresh interior paint and newly installed doors, while electric service is already in place. The bay also has a 9-foot-tall garage door for convenient loading and entry access.
The property is located at 304 Bowen Road in Canal Winchester, Ohio, with access to US-33. Its compact configuration and garage-door access suit commercial users seeking an individually defined warehouse space with basic improvements already completed.
The property is located at 304 Bowen Road in Canal Winchester, Ohio, with access to US-33. Its compact configuration and garage-door access suit commercial users seeking an individually defined warehouse space with basic improvements already completed.
Key Highlights
- Over 325 SF of commercial warehouse space
- Bay measures 14'6'' wide by 23'2'' long
- 9‑foot‑tall garage door supports vehicle and equipment access
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$4,741
Suggested Prices Based on Cap Rates
Cap Rate 5%
$94,820
$94.8K
Cap Rate 7%
$67,729
$67.7K
Cap Rate 9%
$52,678
$52.7K
Market Conditions
NOI Build-Up for 336 SF
Gross rent
$7.3K $21.84/SF
− Vacancy
−$1.8K −$5.24/SF
EGI
$5.6K $16.60/SF
− OpEx
−$837 −$2.49/SF
NOI
$4.7K $14.11/SF
Area
Franklin County, OH
Vacancy
24.00%
Lease Rate
$21.84 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$94,820
Cap Rate 7%
$67,729
Cap Rate 9%
$52,678
Alternative Uses
Best Use
Warehouse
$67.7K
$59.3K – $79.0K
NOI $4,741 @ 7.0% cap · market cap 1,374.20%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$68.5K
$59.9K – $79.9K
NOI $4,795 @ 7.0% cap · market cap 1,389.86%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
Who owns this building?
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Current Use
Lease Details
1
Drive-in doors
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
193
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 43110, OH
40,953
Population
17,352
Households
2.4
Avg Household Size
35
Median Age
36%
College-Educated
93%
High-School Grad
46.7 sq mi
ZIP Area
877
Density / Sq Mi
$76,334
Median Household Income
$48,216
Median Earnings
$1,218
Median Rent
$284,300
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Warehouses in Franklin County, OH
Properties on Market for Warehouses in Franklin County
Vacancy Rate% for Industrial in Midwest region
Frequently Asked Questions
What type of property is this?
Warehouse - Fresh paint, recently installed doors, and electric service create a practical commercial bay configuration.
Where is this warehouse located?
The property is located at 304 Bowen Road Canal Winchester, OH.
What are key features of this property?
This property features: Over 325 SF of commercial warehouse space; Bay measures 14'6'' wide by 23'2'' long; 9‑foot‑tall garage door supports vehicle and equipment access
