Two-Story Flex Space with
For Sale
Contact for pricing
6816 Lauffer Rd, Columbus, OH 43231
Office and climate-controlled warehouse areas support mixed commercial operations.
Property Size21,832 SF
Price / SF$91.61
Days on Market14
Property Features for 6816 Lauffer Rd
General Information
Standard status
Active
Size
21,832 SF
Total Parking Spaces
45
Elevators
Yes
Property subtype
Office, Industrial
Lease Type
NNN
Warehouse & Industrial
Clear Height
22 ft
Conditioned Warehouse
Yes
Additional Details
Highway Access
Yes
Amenities
freight elevator
Building Details
Buildings
1
Stories
2
Tenancy
Single
Listing Agency:
Colliers - Columbus, Ohio
Listed By:
Andrew Jameson · License #OH 415955
(614) 437-4500
Source:
Crexi
Added: Aug 28
Changed: Sep 8
Last Checked: Sep 9 at 7:32AM
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 Colliers - Columbus, Ohio
Investment Insights
Based on property information with market context.
Located at 6816 Lauffer Road, this 21,832-square-foot flex property combines professional office areas with climate-controlled warehouse space across two stories. The building includes both dock-level and drive-in loading, a freight elevator, and clear heights ranging from 20' to 22'. On-site parking is also provided.
The property is positioned near the Cleveland Avenue and I-270 interchange, connecting it with Westerville, Polaris, Easton, and employment centers across the Columbus metropolitan area. Its office, warehouse, and loading components accommodate a range of service, light industrial, office, and flex-oriented operations.
The property is positioned near the Cleveland Avenue and I-270 interchange, connecting it with Westerville, Polaris, Easton, and employment centers across the Columbus metropolitan area. Its office, warehouse, and loading components accommodate a range of service, light industrial, office, and flex-oriented operations.
Key Highlights
- 21,832‑square‑foot two‑story flex facility
- Combination of professional office and climate‑controlled warehouse space
- Dock and drive‑in loading access
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
$104,825
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
5.24%
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%
$2,096,500
$2.1M
Cap Rate 7%
$1,497,500
$1.5M
Cap Rate 9%
$1,164,722
$1.2M
Market Conditions
NOI Build-Up for 21,832 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
$133.6K $6.12/SF
− Vacancy
−$10.3K −$0.47/SF
EGI
$123.3K $5.65/SF
− OpEx
−$18.5K −$0.85/SF
NOI
$104.8K $4.80/SF
Area
Columbus, OH
Vacancy
7.70%
Lease Rate
$6.12 /SF/Yr
Expense Ratio
15.00%
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%
$2,096,500
Cap Rate 7%
$1,497,500
Cap Rate 9%
$1,164,722
Alternative Uses
Best Use
Office B
$3.60M
$3.15M – $4.20M
NOI $252,232 @ 7.0% cap · market cap 12.61%
Second Best
Flex RnD
$3.10M
$2.71M – $3.62M
NOI $216,949 @ 7.0% cap · market cap 10.85%
Theoretical Best
Office A
$4.55M
$3.98M – $5.31M
NOI $318,493 @ 7.0% cap · market cap 15.92%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
22 ft
Clear height
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,350
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 43231, OH
22,126
Population
9,005
Households
2.5
Avg Household Size
34
Median Age
31%
College-Educated
90%
High-School Grad
4.2 sq mi
ZIP Area
5,268
Density / Sq Mi
$75,096
Median Household Income
$37,882
Median Earnings
$1,127
Median Rent
$222,500
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Columbus, OH
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Frequently Asked Questions
What type of property is this?
Flex space - Office and climate-controlled warehouse areas support mixed commercial operations.
Where is this flex space located?
The property is located at 6816 Lauffer Rd Columbus, OH.
What is the asking price?
The asking price for this property is $2,000,000.
What are key features of this property?
This property features: 21,832‑square‑foot two‑story flex facility; Combination of professional office and climate‑controlled warehouse space; Dock and drive‑in loading access
