Retail Building with Warehouse
For Sale
$649,000
3210 Main Street, Columbus, OH 43213
Commercial retail building includes warehouse and storage space plus customer and employee parking.
Property Size5,230 SF
Price / SF$124.09
Days on Market278
Property Features for 3210 Main Street
General Information
Standard status
Active
Size
5,230 SF
Property subtype
Retail
Taxes and HOA fees
Annual Taxes
$10,289
Amenities
3
Building Details
Year Built
1970
Listing Agency:
RE/MAX Connection
(614) 478-2121
Listed By:
Michael Casey · License #410002
(614) 478-2121
Source:
Xome
Added: Nov 4, 2025
Changed: Aug 8
Last Checked: Aug 9 at 4:29AM
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 RE/MAX Connection
Investment Insights
Based on property information with market context.
This commercial retail building features dedicated warehouse and storage area alongside retail space. The property is currently used as a pawn shop business, with the option for inventory and the business to be sold separately from the real estate if the buyer prefers. The building can also be purchased together with the business, subject to the details in the attached remarks.
The property includes customer and employee parking and is described as being located between Bexley and Whitehall.
For buyers evaluating a straightforward real estate purchase, the key functional components are the retail front and the attached warehouse/storage area, supported by on-site parking for both customers and staff.
The property includes customer and employee parking and is described as being located between Bexley and Whitehall.
For buyers evaluating a straightforward real estate purchase, the key functional components are the retail front and the attached warehouse/storage area, supported by on-site parking for both customers and staff.
Key Highlights
- Commercial retail building with warehouse and storage space
- Customer and employee parking included
- Currently operated as a pawn shop business
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$51,972
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
8.01%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,039,440
$1.0M
Cap Rate 7%
$742,457
$742.5K
Cap Rate 9%
$577,467
$577.5K
Market Conditions
NOI Build-Up for 5,230 SF
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.
Gross rent
$87.9K $16.80/SF
− Vacancy
−$7.9K −$1.51/SF
EGI
$80.0K $15.29/SF
− OpEx
−$28.0K −$5.35/SF
NOI
$52.0K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,039,440
Cap Rate 7%
$742,457
Cap Rate 9%
$577,467
Alternative Uses
Best Use
Retail
$861.4K
$753.7K – $1.00M
NOI $60,297 @ 7.0% cap · market cap 9.29%
Second Best
Flex RnD
$742.5K
$649.7K – $866.2K
NOI $51,972 @ 7.0% cap · market cap 8.01%
Theoretical Best
Office A
$1.09M
$953.7K – $1.27M
NOI $76,297 @ 7.0% cap · market cap 11.76%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
598
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 43213, OH
35,105
Population
17,069
Households
2.1
Avg Household Size
37
Median Age
23%
College-Educated
90%
High-School Grad
10.3 sq mi
ZIP Area
3,408
Density / Sq Mi
$53,908
Median Household Income
$37,753
Median Earnings
$1,107
Median Rent
$197,700
Median Home Value
Market
Vacancy Rate% for Industrial in Columbus, OH
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
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Frequently Asked Questions
What type of property is this?
Flex space - Commercial retail building includes warehouse and storage space plus customer and employee parking.
Where is this flex space located?
The property is located at 3210 Main Street Columbus, OH.
What is the asking price?
The asking price for this property is $649,000.
What are key features of this property?
This property features: Commercial retail building with warehouse and storage space; Customer and employee parking included; Currently operated as a pawn shop business
