Flex Space with Fenced
For Sale
$825,000
Pending
4015 Lockbourne Industrial Parkway, Columbus, OH 43207
Warehouse and dedicated office areas combine with loading access, power infrastructure, and secured outdoor storage.
Property Size5,000 SF
Lot Size1.07 Acres
Days on Market49
Property Features for 4015 Lockbourne Industrial Parkway
General Information
Standard status
Pending
Size
5,000 SF
Lot size
1.07 Acres
Property subtype
Flex
Site & Location
Fenced Yard
Yes
Outdoor Storage
Yes
Warehouse & Industrial
Clear Height
16 ft
Warehouse Space
3,500 SF
Office Build-Out
1,500 SF
Dock-High Doors
1
Drive-In Doors
1
Three-Phase Power
Yes
Taxes and HOA fees
Annual Taxes
$5,009
Amenities
Kitchenette Area
Building Details
Building Size
5,000 SF
Year Built
2001
Buildings
1
Listing Agency:
Best Corporate Real Estate
Listed By:
Randy J Best · License #311236
(614) 397-8380
Source:
Camtaylor
Added: Aug 28
Changed: Oct 11
Last Checked: Oct 15 at 7:38AM
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 Best Corporate Real Estate
Investment Insights
Based on property information with market context.
This flex property includes approximately 5,000 square feet across a warehouse and dedicated office area. The interior allocation is approximately 3,500 square feet of warehouse space and 1,500 square feet of office space, with two bathrooms and a kitchenette. Warehouse features include fully insulated walls and ceiling, 14-foot clear height at the eaves, 16-foot clear height at the center, 3-phase power, a 12-foot drive-in door, and a dock door with manual dock leveler.
The property occupies approximately 1.07 acres at 4015 Lockbourne Industrial Pkwy in Columbus, Ohio. An outside fenced storage area is included, and the site has potential for building expansion. The property is currently leased; prospective parties are asked not to disturb the tenant.
The property occupies approximately 1.07 acres at 4015 Lockbourne Industrial Pkwy in Columbus, Ohio. An outside fenced storage area is included, and the site has potential for building expansion. The property is currently leased; prospective parties are asked not to disturb the tenant.
Key Highlights
- Approximately 5,000 square feet, including ±3,500 square feet of warehouse and ±1,500 square feet of office
- Approximately ±1.07‑acre lot with potential to expand the building
- 14' clear height at eaves and 16' clear height at warehouse center
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$70,543
Cap Rate
8.55%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,410,860
$1.4M
Cap Rate 7%
$1,007,757
$1.0M
Cap Rate 9%
$783,811
$783.8K
Market Conditions
NOI Build-Up for 5,000 SF
Gross rent
$109.2K $21.84/SF
− Vacancy
−$26.2K −$5.24/SF
EGI
$83.0K $16.60/SF
− OpEx
−$12.4K −$2.49/SF
NOI
$70.5K $14.11/SF
Area
ZIP 43207
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%
$1,410,860
Cap Rate 7%
$1,007,757
Cap Rate 9%
$783,811
Alternative Uses
Best Use
Warehouse
$1.01M
$881.8K – $1.18M
NOI $70,543 @ 7.0% cap · market cap 8.55%
Second Best
Industrial
$829.9K
$726.2K – $968.2K
NOI $58,094 @ 7.0% cap · market cap 7.04%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Lease Details
16 ft
Clear height
1
Dock-high doors
1
Drive-in doors
Yes
Fenced yard
Location Intelligence
Trade Area within ½ mile
156
Businesses Nearby
Under-served
Demand for This Use
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in Columbus, OH
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Frequently Asked Questions
What type of property is this?
Flex space - Warehouse and dedicated office areas combine with loading access, power infrastructure, and secured outdoor storage.
Where is this flex space located?
The property is located at 4015 Lockbourne Industrial Parkway Columbus, OH.
What is the asking price?
The asking price for this property is $825,000.
What are key features of this property?
This property features: Approximately 5,000 square feet, including ±3,500 square feet of warehouse and ±1,500 square feet of office; Approximately ±1.07‑acre lot with potential to expand the building; 14' clear height at eaves and 16' clear height at warehouse center
