Building Details

Year Built 1995

Listing Agency: Auction Ohio

Listed By: Christopher Davis · License #323631 Show Phone

Source: Crexi

Added: Mar 5 Changed: Oct 4 Last Checked: Oct 5 at 3:52PM

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Investment Insights

Based on property information with market context.

This 8,190-square-foot commercial flex facility is located in the growth corridor of Greenfield Township. Currently operating as a marine sales and service business, the property offers a blend of retail, office, and industrial workspace. The facility is designed with a 'flex' philosophy, allowing for transitions between customer-facing retail and technical operations. It features an expansive, open-concept showroom with high ceilings and wide entry points suitable for displaying large inventory such as automotive, marine, or heavy equipment. Dedicated office space provides a climate-controlled environment for administrative tasks, client consultations, and management operations. A secure, organized section is designated for parts storage and inventory management. The warehouse space is equipped for technical repairs with high-bay doors and an open floor plan to accommodate large-scale machinery, boat servicing, or fabrication. The property has significant frontage on Old Columbus Road NW, a high-traffic connector road parallel to US-33. The zoning is B-1 (Business District) within a predominantly rural residential (R-1) landscape.

Key Highlights

• 8,190 sq ft Commercial Flex Facility in Greenfield Township
• Located on high‑traffic Old Columbus Road NW, parallel to US‑33
• Zoned B‑1 (Business District) in a predominantly R‑1 area

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$27,469

Cap Rate

4.78%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$549,380 $549.4K

Cap Rate 7%

$392,414 $392.4K

Cap Rate 9%

$305,211 $305.2K

Market Conditions

NOI Build-Up for 7,140 SF

Gross rent

$40.7K $5.70/SF

− Vacancy

−$1.5K −$0.20/SF

EGI

$39.2K $5.50/SF

− OpEx

−$11.8K −$1.65/SF

NOI

$27.5K $3.85/SF

Area

Fairfield County, OH

Vacancy

3.58%

Lease Rate

$5.70 /SF/Yr

Expense Ratio

30.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$549,380

Cap Rate 7%

$392,414

Cap Rate 9%

$305,211

Alternative Uses

Best Use

Warehouse

$1.44M

$1.26M – $1.68M (±1% cap)

NOI $100,736 @ 7.0% cap · market cap 17.52%

Second Best

Office B

$1.23M

$1.08M – $1.44M (±1% cap)

NOI $86,154 @ 7.0% cap · market cap 14.98%

Theoretical Best

—

—

same as Best Use

Zoning and permitted uses should be independently verified with authorities.

Property Analytics

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Current Use

U-Haul Neighborhood Dealer Car Rental Facility Blue Water Marine ... (Bike/Boat/Book/etc) Store Outdoor Cover Warehouse (Bike/Boat/Book/etc) Store

Suggested Use

Top Pick Parking Lot & Garage Building Supply HVAC Service Auto Parts Store Storage Facility Pharmacy

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

95

Businesses Nearby

Explore this area Business Placement

Demographics for 43112, OH

5,052

Population

1,604

Households

3.1

Avg Household Size

45

Median Age

30%

College-Educated

97%

High-School Grad

35.4 sq mi

ZIP Area

143

Density / Sq Mi

$98,430

Median Household Income

$39,135

Median Earnings

$955

Median Rent

$338,100

Median Home Value

Market

Vacancy Rate% for Office in Midwest region

13.7% 2019

15.6% 2020

17.1% 2021

18.9% 2022

21% 2023

22% 2024

21.3% 2025

Questions? Ask Rey

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What type of property is this? Where is this mixed-use properties located? What is the asking price? Find similar properties What are key features of this property?

Frequently Asked Questions

What type of property is this?

Mixed-use property - 8,190 SF commercial flex facility in Greenfield Township.

Where is this mixed-use property located?

The property is located at 4240 Old Columbus Road NW Carroll, OH.

What is the asking price?

The asking price for this property is $575,000.

What are key features of this property?

This property features: 8,190 sq ft Commercial Flex Facility in Greenfield Township; Located on high‑traffic Old Columbus Road NW, parallel to US‑33; Zoned B‑1 (Business District) in a predominantly R‑1 area