Limited Industrial Flex
600 Lakeview Plaza Boulevard Columbus, OH 43085
For Sale
Contact for pricing
Partially climate-controlled, sprinklered flex warehouse with prominent signage visibility from I-270.
Property Size50,418 SF
Price / SF$118.01
Days on Market94
Property Features for 600 Lakeview Plaza Boulevard
General Information
Standard status
Active
Size
50,418 SF
Property subtype
OFFICE
Listing Agency:
Alterra Real Estate Advisors
(614) 545-4099
Listed By:
Richard Conie
Source:
Moodyscre
Added: Apr 28
Changed: Jul 26
Last Checked: Jul 29 at 1:30PM
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 Alterra Real Estate Advisors
Investment Insights
Based on property information with market context.
This limited industrial flex warehouse offers partially climate-controlled warehouse space and sprinkler service throughout. The building also features a diesel back-up generator serving Suite F/G, updated HVAC units, and recently updated tenant spaces. Roof work includes a partial roof replacement with an in-place warranty, and parking lot sealcoating and repairs were completed in 2025.
Prominent building signage provides visibility from I-270. The property is situated within Worthington’s Tech District and offers convenient access to I-270, I-71, and SR 23. Parking is extensive, with a heavy parking ratio of 4/1000 supporting up to 220 surface parking spaces.
With its Limited Industrial zoning and flexible warehouse/office layout, the property is designed to support a range of light industrial and service-oriented uses.
Prominent building signage provides visibility from I-270. The property is situated within Worthington’s Tech District and offers convenient access to I-270, I-71, and SR 23. Parking is extensive, with a heavy parking ratio of 4/1000 supporting up to 220 surface parking spaces.
With its Limited Industrial zoning and flexible warehouse/office layout, the property is designed to support a range of light industrial and service-oriented uses.
Key Highlights
- Prominent building signage with visibility from I‑270
- Partially climate‑controlled, sprinklered flex warehouse space
- Diesel backup generator serving Suite F/G
Financial Insights For Flex RnD
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 | $847.0k | $16.80 |
| − Vacancy | −$76.2k | −$1.51 |
| EGI | $770.8k | $15.29 |
| − OpEx | −$269.8k | −$5.35 |
| NOI | $501.0k | $9.94 |
50,418 SF · lease $16.80/SF/yr · vacancy 9.00% · expense 35.00%
Alternative Uses
Best Use
Office B
$8.32M
$7.28M – $9.71M
NOI $582,494 @ 7.0% cap · market cap 9.79%
Second Best
Flex RnD
$7.16M
$6.26M – $8.35M
NOI $501,014 @ 7.0% cap · market cap 8.42%
Theoretical Best
Office A
$10.51M
$9.19M – $12.26M
NOI $735,516 @ 7.0% cap · market cap 12.36%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Location Intelligence
Current Use
Similar Off Market Nearby
- Gourmet Fresh Catering — 651 Lakeview Plaza Blvd Suite C, Worthington, OH 43085
Frequently Asked Questions
What type of property is this?
Flex space - Partially climate-controlled, sprinklered flex warehouse with prominent signage visibility from I-270.
Where is this flex space located?
The property is located at 600 Lakeview Plaza Boulevard Columbus, OH.
What is the asking price?
The asking price for this property is $5,950,000.
What are key features of this property?
This property features: Prominent building signage with visibility from I‑270; Partially climate‑controlled, sprinklered flex warehouse space; Diesel backup generator serving Suite F/G
