Warehouse/Shop with Five
For Sale
Contact for pricing
3400 Southwest Blvd, Grove City, OH 43123
Move-in ready warehouse/shop with five drive-in doors, outside storage, and heavy power for industrial use.
Property Size9,900 SF
Days on Market160
Property Features for 3400 Southwest Blvd
General Information
Standard status
Active
Size
9,900 SF
Property subtype
Industrial
Lease Term
NNN
Building Details
Building Size
9,900 SF
Year Built
1988
Properties For Sale
at 3400 Southwest Blvd
Building D
Size
9,900 SF
Type
Warehouse/Distribution
Term
Negotiable
Listing Agency:
NAI Ohio Equities
Listed By:
Curt Berlin, SIOR · License #336585
(614) 296-3739
Source:
Ohioequities
Added: May 14
Changed: Oct 12
Last Checked: Oct 20 at 5:28PM
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 NAI Ohio Equities
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Investment Insights
Based on property information with market context.
Building D at 3400 Southwest Blvd is a versatile 9,900 SF warehouse/shop designed for industrial storage and light industrial operations. The facility includes five drive-in doors and outside storage, with 16' clear height and heavy power. The space is described as having 3-phase power and no water or plumbing.
The property is located in the Southwest Industrial submarket and provides direct access to I-270 within 1.5 miles.
Zoned IND-2, this warehouse/shop is being marketed for industrial storage, contractor shop, or light industrial uses, and includes availability of 0.2 acres of outside storage.
The property is located in the Southwest Industrial submarket and provides direct access to I-270 within 1.5 miles.
Zoned IND-2, this warehouse/shop is being marketed for industrial storage, contractor shop, or light industrial uses, and includes availability of 0.2 acres of outside storage.
Key Highlights
- Building D offers 9,900 SF warehouse/shop space built in 1988
- Five drive‑in doors (14' x 16') with 16' clear height
- 220V power with 3‑phase; no water or plumbing
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$139,676
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,793,520
$2.8M
Cap Rate 7%
$1,995,371
$2.0M
Cap Rate 9%
$1,551,956
$1.6M
Market Conditions
NOI Build-Up for 9,900 SF
Gross rent
$216.2K $21.84/SF
− Vacancy
−$51.9K −$5.24/SF
EGI
$164.3K $16.60/SF
− OpEx
−$24.6K −$2.49/SF
NOI
$139.7K $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%
$2,793,520
Cap Rate 7%
$1,995,371
Cap Rate 9%
$1,551,956
Alternative Uses
Best Use
Warehouse
$2.00M
$1.75M – $2.33M
NOI $139,676 @ 7.0% cap · market cap 1,745.95%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$2.02M
$1.77M – $2.35M
NOI $141,283 @ 7.0% cap · market cap 1,766.04%
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
403
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 43123, OH
66,188
Population
27,876
Households
2.4
Avg Household Size
39
Median Age
31%
College-Educated
91%
High-School Grad
59.7 sq mi
ZIP Area
1,109
Density / Sq Mi
$87,883
Median Household Income
$49,747
Median Earnings
$1,279
Median Rent
$262,400
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in Midwest region
Similar Off Market Nearby
- CubeSmart Self Storage — 3300 Southwest Blvd, Grove City, OH 43123
Frequently Asked Questions
What type of property is this?
Warehouse - Move-in ready warehouse/shop with five drive-in doors, outside storage, and heavy power for industrial use.
Where is this warehouse located?
The property is located at 3400 Southwest Blvd Grove City, OH.
What are key features of this property?
This property features: Building D offers 9,900 SF warehouse/shop space built in 1988; Five drive‑in doors (14' x 16') with 16' clear height; 220V power with 3‑phase; no water or plumbing
