Fenced Flex
5890 Scarborough Blvd, Columbus, OH 43232
For Sale
New
Contact for pricing
A convertible retail and industrial layout is supported by three-phase power.
Property Size15,000 SF
Price / SF$1.33
Days on Market4
Property Features for 5890 Scarborough Blvd
General Information
Standard status
Size
Total Parking Spaces
Property subtype
Zoning
Lease Term
Site & Location
Neighborhood
Traffic Count
Highway Access
Fenced Yard
Utilities to Site
Additional Details
Three-Phase Power
Property Use
Amenities
3-phase power
fenced
outdoor lighting
Building Details
Building Size
Year Built
Properties For Sale
at 5890 Scarborough Blvd
5890 Scarborough Blvd
Size
15,000 SF
Type
Freestanding Building
Term
Negotiable
Listing Agency:
NAI Ohio Equities, LLC
Listed By:
Dan Sheeran · License #2016006190
(614) 581-2434
Source:
Ohioequities
Added: Nov 4
Last Checked: Nov 6 at 8:00AM
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 NAI Ohio Equities, LLC
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Investment Insights
Based on property information with market context.
This 15,000 SF flex property combines retail and industrial space in a layout described as readily convertible. Three-phase power supports the building, which was constructed in 1990. The parcel is fully fenced and has outdoor lighting, with approximately 180 parking spaces available on site.
The property fronts I-70 East, where the stated traffic count is approximately 117,000 vehicles per day. Its position along the interstate provides exposure to passing traffic.
The property fronts I-70 East, where the stated traffic count is approximately 117,000 vehicles per day. Its position along the interstate provides exposure to passing traffic.
Key Highlights
- Approximately 15,000 SF configured for retail and industrial use
- Three‑phase power and a layout that can be converted for other uses
- Approximately 180 parking spaces; the property is fenced and has outdoor lighting
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$59,312
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,186,240
$1.2M
Cap Rate 7%
$847,314
$847.3K
Cap Rate 9%
$659,022
$659.0K
Market Conditions
NOI Build-Up for 15,000 SF
Gross rent
$91.8K $6.12/SF
− Vacancy
−$7.1K −$0.47/SF
EGI
$84.7K $5.65/SF
− OpEx
−$25.4K −$1.69/SF
NOI
$59.3K $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%
$1,186,240
Cap Rate 7%
$847,314
Cap Rate 9%
$659,022
Alternative Uses
Best Use
Retail
$2.47M
$2.16M – $2.88M
NOI $172,935 @ 7.0% cap · market cap 864.68%
Second Best
Flex RnD
$2.13M
$1.86M – $2.48M
NOI $149,058 @ 7.0% cap · market cap 745.29%
Theoretical Best
Office A
$3.13M
$2.74M – $3.65M
NOI $218,825 @ 7.0% cap · market cap 1,094.13%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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See the owner, sales and loan history
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Current Use
Lease Details
117,000 VPD
Traffic count
Yes
Fenced yard
Yes
Highway access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
521
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 43232, OH
44,823
Population
20,211
Households
2.2
Avg Household Size
35
Median Age
18%
College-Educated
86%
High-School Grad
12.4 sq mi
ZIP Area
3,615
Density / Sq Mi
$50,599
Median Household Income
$37,156
Median Earnings
$1,048
Median Rent
$152,700
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Flex space in Columbus, OH
Properties on Market for Flex space in Columbus
Vacancy Rate% for Industrial in Columbus, OH
Similar Off Market Nearby
- worldwide catering — 2556 Scarborough Square, Columbus, OH 43232
Frequently Asked Questions
What type of property is this?
Flex space - A convertible retail and industrial layout is supported by three-phase power.
Where is this flex space located?
The property is located at 5890 Scarborough Blvd Columbus, OH.
What are key features of this property?
This property features: Approximately 15,000 SF configured for retail and industrial use; Three‑phase power and a layout that can be converted for other uses; Approximately 180 parking spaces; the property is fenced and has outdoor lighting
