Mixed-Use Property with Industrial
For Sale
$469,000
3551 Groveport East Road, Columbus, OH 43207
Two residential homes accompany a gated industrial shop with office, restroom, and drive-in access.
Property Size1,636 SF
Lot Size1.00 Acre
Price / SF$286.67
Days on Market53
Property Features for 3551 Groveport East Road
General Information
Standard status
Active
Size
1,636 SF
Lot size
1.00 Acre
Property subtype
Mixed Use
Site & Location
Neighborhood
Far South
Highway Access
Yes
Warehouse & Industrial
Drive-In Doors
1
Power
200 amps
Units
Unit Mix
1 x 3BR/2BA, 1 x 2BR/1.5BA
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$3,209
Building Details
Building Size
1,636 SF
Year Built
1928
Buildings
3
Listing Agency:
RE/MAX Revealty
Listed By:
Danielle N Jude
(614) 701-6572
Source:
Camtaylor
Added: Sep 8
Changed: Oct 29
Last Checked: Oct 28 at 4:06PM
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 Revealty
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This mixed-use property combines an industrial shop with two residential homes across two parcels totaling approximately one acre. The 1,636-square-foot shop includes a drive-in door, 200-amp electric service, an office, restroom, and gated parking. The residential component consists of a renovated 3-bedroom, 2-bath home and a 2-bedroom, 1.5-bath home.
The property occupies a corner lot near Route 104 and I-270 in Columbus. With three structures and distinct residential and industrial components, the site supports a live-and-work configuration for an owner-user, contractor, or business operator while retaining separate housing improvements.
The property occupies a corner lot near Route 104 and I-270 in Columbus. With three structures and distinct residential and industrial components, the site supports a live-and-work configuration for an owner-user, contractor, or business operator while retaining separate housing improvements.
Key Highlights
- Mixed‑use property on approximately one acre across two parcels
- 1,636‑square‑foot industrial shop with drive‑in door
- 200‑amp electric, office, restroom, and gated parking
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$19,008
Cap Rate
4.05%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$380,160
$380.2K
Cap Rate 7%
$271,543
$271.5K
Cap Rate 9%
$211,200
$211.2K
Market Conditions
NOI Build-Up for 1,636 SF
Gross rent
$35.7K $21.84/SF
− Vacancy
−$8.6K −$5.24/SF
EGI
$27.2K $16.60/SF
− OpEx
−$8.1K −$4.98/SF
NOI
$19.0K $11.62/SF
Area
ZIP 43207
Vacancy
24.00%
Lease Rate
$21.84 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$380,160
Cap Rate 7%
$271,543
Cap Rate 9%
$211,200
Alternative Uses
Best Use
Industrial
$271.5K
$237.6K – $316.8K
NOI $19,008 @ 7.0% cap · market cap 4.05%
Second Best
Mixed Use
$242.5K
$212.2K – $282.9K
NOI $16,972 @ 7.0% cap · market cap 3.62%
Theoretical Best
Warehouse
$329.7K
$288.5K – $384.7K
NOI $23,082 @ 7.0% cap · market cap 4.92%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
1
Drive-in doors
2
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
137
Businesses Nearby
Explore this area
Business Placement
Demographics for 43207, OH
46,853
Population
21,242
Households
2.2
Avg Household Size
38
Median Age
16%
College-Educated
85%
High-School Grad
23.1 sq mi
ZIP Area
2,028
Density / Sq Mi
$61,307
Median Household Income
$40,037
Median Earnings
$1,115
Median Rent
$156,200
Median Home Value
Market
Vacancy Rate% for Industrial in Columbus, OH
Frequently Asked Questions
What type of property is this?
Mixed-use property - Two residential homes accompany a gated industrial shop with office, restroom, and drive-in access.
Where is this mixed-use property located?
The property is located at 3551 Groveport East Road Columbus, OH.
What is the asking price?
The asking price for this property is $469,000.
What are key features of this property?
This property features: Mixed‑use property on approximately one acre across two parcels; 1,636‑square‑foot industrial shop with drive‑in door; 200‑amp electric, office, restroom, and gated parking
