5511 Westerville Rd, Columbus, OH 43231
20,000 SF flex space facility with five tenants.
- Added:
- Feb 18, 2026
- Days on Market:
- 129
- Last Refresh:
- Mar 17 at 1:16 pm
Property Features for 5511 Westerville Rd
General Information
- Standard status
- Active
- Size
- 20,000 SF
- Lot size
- 1.80 Acres
- Property subtype
- Industrial, Mixed Use
Building Details
- Year Built
- 2001
Listing office NextHome Experience
Listing date Feb 18, 2026
Source Crexi
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HighLights
- 20,000 sqft Flex space facility
- Situated on a 1.8 acre property
- Five existing tenants in place
- Tenants want to stay, offering immediate income
- Built in 2001
Overview
Local Financial Insights For Mixed Use
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $408.0k | $20.40 |
| − Vacancy | −$40.8k | −$2.04 |
| EGI | $367.2k | $18.36 |
| − OpEx | −$137.7k | −$6.89 |
| NOI | $229.5k | $11.48 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Columbus
- County
- Delaware
- State
- Ohio
- Longitude
- -82.9281027
- Latitude
- 40.0849201
