Flex Space Property with Versatile
For Sale
$650,000
6050 E Livingston Avenue Columbus, Columbus, OH 43232
Highly flexible zoning supports medical offices, corporate offices, light-to-heavy manufacturing, food production, distribution, and warehouse operations.
Property Size3,598 SF
Price / SF$180.66
Days on Market36
Property Features for 6050 E Livingston Avenue Columbus
General Information
Standard status
Active
Size
3,598 SF
Zoning
highly flexible zoning
Taxes and HOA fees
Annual Taxes
$10,761
Amenities
No
0.42
3598.0
Building Details
Building Size
3,598 SF
Year Built
1966
Stories
1
Listing Agency:
(614) 660-5959
Listed By:
Jim Fallieras
(614) 660-5959
Source:
Movenowohio
Added: Jul 5
Changed: Aug 8
Last Checked: Aug 9 at 4:25AM
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 Jim Fallieras
Investment Insights
Based on property information with market context.
Offered for sale, this flex space property is positioned as a highly versatile site with zoning that allows a wide range of uses. Public remarks note permitted uses spanning medical facilities, professional and corporate offices, and financial institutions, along with light to heavy manufacturing, food production and distribution, warehouse operations, and event centers. The site also supports fitness and wellness, educational institutions, research labs, and certain community-oriented uses such as parks, recreation, libraries, and government services.
Additional permitted and conditional uses referenced in the remarks include vehicle care/car wash services, air transportation-related operations, and auction facilities, as well as conditional uses such as childcare and select community facilities. The property is located at 6050 E Livingston Avenue, Columbus, OH 43232, with a listed size of 3,598.
Additional permitted and conditional uses referenced in the remarks include vehicle care/car wash services, air transportation-related operations, and auction facilities, as well as conditional uses such as childcare and select community facilities. The property is located at 6050 E Livingston Avenue, Columbus, OH 43232, with a listed size of 3,598.
Key Highlights
- 0.42‑acre commercial lot with 3,598 SF total building area
- Year built: 1966
- Highly flexible zoning allows medical facilities, professional and corporate offices, and financial institutions (with or without drive‑thru)
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$41,569
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
6.40%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$831,380
$831.4K
Cap Rate 7%
$593,843
$593.8K
Cap Rate 9%
$461,878
$461.9K
Market Conditions
NOI Build-Up for 3,598 SF
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.
Gross rent
$71.2K $19.80/SF
− Vacancy
−$15.8K −$4.40/SF
EGI
$55.4K $15.40/SF
− OpEx
−$13.9K −$3.85/SF
NOI
$41.6K $11.55/SF
Area
Columbus, OH
Vacancy
22.20%
Lease Rate
$19.80 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$831,380
Cap Rate 7%
$593,843
Cap Rate 9%
$461,878
Alternative Uses
Best Use
Office B
$593.8K
$519.6K – $692.8K
NOI $41,569 @ 7.0% cap · market cap 6.40%
Second Best
Flex RnD
$510.8K
$446.9K – $595.9K
NOI $35,754 @ 7.0% cap · market cap 5.50%
Theoretical Best
Office A
$749.8K
$656.1K – $874.8K
NOI $52,489 @ 7.0% cap · market cap 8.08%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
296
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
Market
Vacancy Rate% for Office in Columbus, OH
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Ribman Catering LLC — 1496 Joshua Run Rd, Columbus, OH 43232
Frequently Asked Questions
What type of property is this?
Flex space - Highly flexible zoning supports medical offices, corporate offices, light-to-heavy manufacturing, food production, distribution, and warehouse operations.
Where is this flex space located?
The property is located at 6050 E Livingston Avenue Columbus Columbus, OH.
What is the asking price?
The asking price for this property is $650,000.
What are key features of this property?
This property features: 0.42‑acre commercial lot with 3,598 SF total building area; Year built: 1966; Highly flexible zoning allows medical facilities, professional and corporate offices, and financial institutions (with or without drive‑thru)
