5905 Green Pointe Dr S, Groveport, OH 43125

Building Details

Building Size 62,500 SF More

Year Built 1999 More

Properties For Sale

at 5905 Green Pointe Dr S

Suite A-B (Sublease)

Size 15,000 SF

Type Warehouse/Distribution

Term Negotiable

Contact us

Listing Agency: NAI Ohio Equities

Listed By: Kaydee Hurst · License #SAL.2020007916 Show Phone

Source: Ohioequities

Added: Nov 4 Last Checked: Nov 6 at 6:13AM

Report an Issue

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

Ask AI about this property

Review the available facts, identify missing information and prepare questions for the agent.

What should I ask the agent before proceeding? What information is missing from this listing?

Investment Insights

Based on property information with market context.

This flex space combines approximately 15,000 SF of office and warehouse area, including approximately 1,550 SF of office. The warehouse has 21' clear height, 25' x 50' column spacing, and a wet sprinkler system. Loading includes two dock doors with levelers and seals, along with three drive-in doors. The space is professionally managed by The Meritex Company and is available for sublease through November 30, 2028.

The property is within three miles of US-33 and I-270, connecting it to the greater Columbus region.

Key Highlights

• Approximately 15,000 SF of office/warehouse space, including approximately 1,550 SF of office
• 21' clear height and 25' x 50' column spacing
• Two 9' x 10' dock doors with levelers and seals

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$56,770

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,135,400 $1.1M

Cap Rate 7%

$811,000 $811.0K

Cap Rate 9%

$630,778 $630.8K

What to ask about pricing

Market Conditions

NOI Build-Up for 15,000 SF

Gross rent

$95.4K $6.36/SF

− Vacancy

−$8.1K −$0.54/SF

EGI

$87.3K $5.82/SF

− OpEx

−$30.6K −$2.04/SF

NOI

$56.8K $3.78/SF

Area

Franklin County, OH

Vacancy

8.45%

Lease Rate

$6.36 /SF/Yr

Expense Ratio

35.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,135,400

Cap Rate 7%

$811,000

Cap Rate 9%

$630,778

Alternative Uses

Best Use

Warehouse

$3.02M

$2.65M – $3.53M (±1% cap)

NOI $211,630 @ 7.0% cap · market cap 2,005,971.56%

Second Best

Industrial

$2.49M

$2.18M – $2.90M (±1% cap)

NOI $174,283 @ 7.0% cap · market cap 1,651,971.56%

Theoretical Best

Specialty Retail

$3.06M

$2.68M – $3.57M (±1% cap)

NOI $214,065 @ 7.0% cap · market cap 2,029,052.13%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Current Use

Columbus Courier & Freight Courier Service Sunbelt Rentals Flooring ... Building Supply Eccco Building Supply Above Sound and Lighting Tech Support Center Central Ohio Paper ... Big Box & Wholesale Store

Suggested Use

Top Pick Law Firm Building Supply Restaurant Dental Office Pharmacy Auto Repair Shop

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

Lease Details

Yes

Sprinkler system

Yes

Highway access

Location Intelligence

Trade Area within ½ mile

243

Businesses Nearby

Under-served

Demand for This Use

Explore this area Business Placement

Demographics for 43125, OH

14,295

Population

6,206

Households

2.3

Avg Household Size

41

Median Age

25%

College-Educated

95%

High-School Grad

31.5 sq mi

ZIP Area

454

Density / Sq Mi

$82,376

Median Household Income

$49,023

Median Earnings

$1,193

Median Rent

$233,200

Median Home Value

Market

Average Price Trend$/SF for Flex space in Franklin County, OH

$129 Jul

$197 Aug

$218 Sep

$204 Oct

Properties on Market for Flex space in Franklin County

Jul

Aug

Sep

Oct

Vacancy Rate% for Industrial in Midwest region

4.4% 2019

4.9% 2020

3.6% 2021

3.1% 2022

4.6% 2023

5% 2024

4.9% 2025

Similar For Sale Nearby

See more

Groveport Road Commercial Property

5610 Groveport Rd, Groveport, OH 43125

Contact for pricing

212,000 SF

View details

Warehouse with Outdoor Storage

4615 Homer Ohio Ln, Groveport, OH 43125

Contact for pricing

12,000 SF

View details

Warehouse Property

2650 London Groveport Rd, Groveport, OH 43125

Contact for pricing

View details

5-Unit Office Building

495 Main St, Groveport, OH 43125

$515,000

5,808 SF

View details

Renovated Creative Office Workspace

275 College Street, Groveport, OH 43125

$849,000

3,600 SF

View details

Frequently Asked Questions

What type of property is this?

Flex space - Office and warehouse areas are paired with dock and drive-in loading, with access to major regional routes.

Where is this flex space located?

The property is located at 5905 Green Pointe Dr S Groveport, OH.

What are key features of this property?

This property features: Approximately 15,000 SF of office/warehouse space, including approximately 1,550 SF of office; 21' clear height and 25' x 50' column spacing; Two 9' x 10' dock doors with levelers and seals