Flex Space with Garage and
For Sale
Contact for pricing
4656 Executive Drive Office with Garage, Columbus, OH 43220
An integrated workshop and office layout supports drive-up access and on-site parking.
Property Size1,904 SF
Price / SF$1.05
Days on Market93
Property Features for 4656 Executive Drive Office with Garage
General Information
Standard status
Active
Size
1,904 SF
Listing Agency:
Real Estate Opportunity
(614) 924-0410
Listed By:
Ann Adams
(614) 483-2315
Source:
Maryhatem
Added: Jul 18
Changed: Oct 13
Last Checked: Oct 16 at 9:00AM
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 Real Estate Opportunity
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Investment Insights
Based on property information with market context.
This flex-space property brings together an open garage/workshop area and an attached office component within 1,904 square feet. The shop configuration accommodates trades or storage use, while the office provides space for client meetings, reception, and administrative work.
On-site parking and easy drive-up access simplify arrival and day-to-day operations. The combined layout suits contractors, service companies, and small businesses that need work and administrative areas in a single commercial suite.
On-site parking and easy drive-up access simplify arrival and day-to-day operations. The combined layout suits contractors, service companies, and small businesses that need work and administrative areas in a single commercial suite.
Key Highlights
- Approximately 1,904 sq ft of combined shop and office area
- Open garage/workshop layout for trades or storage use
- Attached office area for client meetings, administration, or reception
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$7,529
Suggested Prices Based on Cap Rates
Cap Rate 5%
$150,580
$150.6K
Cap Rate 7%
$107,557
$107.6K
Cap Rate 9%
$83,656
$83.7K
Market Conditions
NOI Build-Up for 1,904 SF
Gross rent
$11.7K $6.12/SF
− Vacancy
−$897 −$0.47/SF
EGI
$10.8K $5.65/SF
− OpEx
−$3.2K −$1.69/SF
NOI
$7.5K $3.95/SF
Area
Columbus, OH
Vacancy
7.70%
Lease Rate
$6.12 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$150,580
Cap Rate 7%
$107,557
Cap Rate 9%
$83,656
Alternative Uses
Best Use
Office B
$314.2K
$275.0K – $366.6K
NOI $21,997 @ 7.0% cap · market cap 1,102.61%
Second Best
Flex RnD
$270.3K
$236.5K – $315.3K
NOI $18,920 @ 7.0% cap · market cap 948.37%
Theoretical Best
Office A
$396.8K
$347.2K – $462.9K
NOI $27,776 @ 7.0% cap · market cap 1,392.28%
Zoning and permitted uses should be independently verified with authorities.
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
940
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 43220, OH
27,736
Population
14,157
Households
2
Avg Household Size
37
Median Age
63%
College-Educated
96%
High-School Grad
6.6 sq mi
ZIP Area
4,202
Density / Sq Mi
$77,090
Median Household Income
$49,863
Median Earnings
$1,202
Median Rent
$463,200
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Office in Columbus, OH
Frequently Asked Questions
What type of property is this?
Flex space - An integrated workshop and office layout supports drive-up access and on-site parking.
Where is this flex space located?
The property is located at 4656 Executive Drive Office with Garage Columbus, OH.
What are key features of this property?
This property features: Approximately 1,904 sq ft of combined shop and office area; Open garage/workshop layout for trades or storage use; Attached office area for client meetings, administration, or reception
