Standalone Industrial Flex
For Sale
Contact for pricing
700 TAYLOR AV, Columbus, OH 43219
Standalone industrial building with a 1099 drive-in door, 130+ clear height, and dedicated office space.
Property Size7,020 SF
Lot Size0.61 Acres
Price / SF$135.33
Days on Market354
Property Features for 700 TAYLOR AV
General Information
Standard status
Active
Size
7,020 SF
Lot size
0.61 Acres
Property subtype
INDUSTRIAL
Warehouse & Industrial
Clear Height
13 ft
Drive-In Doors
1
Additional Details
Cap Rate
7.76%
Highway Access
Yes
Listing Agency:
Hanna Commercial Real Estate | Central Ohio
(614) 354-7185
Listed By:
Ashley Simonton · License #2005010057
(614) 354-7185
Source:
Moodyscre
Added: Aug 26, 2025
Changed: Aug 14
Last Checked: Aug 14 at 1:01PM
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 Hanna Commercial Real Estate | Central Ohio
Investment Insights
Based on property information with market context.
This standalone industrial flex building offers approximately 7,020 square feet total, with about 3,930 square feet of office and 3,090 square feet of warehouse space. The office area includes an entry/waiting area, seven total offices (including one executive office, one oversized office, and five standard offices), a large conference room, a large open area workspace, and a kitchenette with a seating area. Four total restrooms are provided, with office menwomen and warehouse menwomen facilities, along with multiple storage and closet spaces. Warehouse improvements include a 1099 drive-in door and 130+ clear height, plus ample parking on approximately 0.61 acres.
The property is located at 700 Taylor Ave in Columbus, Ohio, described as just east of downtown Columbus. It is listed with a new 5-year lease and a 5-year option, signed 3/1/2025. Access is noted as less than one mile (0.8) from the I-670 and Leonard Ave on/off ramps.
The property is located at 700 Taylor Ave in Columbus, Ohio, described as just east of downtown Columbus. It is listed with a new 5-year lease and a 5-year option, signed 3/1/2025. Access is noted as less than one mile (0.8) from the I-670 and Leonard Ave on/off ramps.
Key Highlights
- New 5‑year lease with a 5‑year option signed 3/1/2025
- 7,020 SF standalone industrial building with appx. 3,930 SF office and 3,090 SF warehouse
- 10' x 10' drive‑in door and 13' + clear height
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
$69,759
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
7.34%
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%
$1,395,180
$1.4M
Cap Rate 7%
$996,557
$996.6K
Cap Rate 9%
$775,100
$775.1K
Market Conditions
NOI Build-Up for 7,020 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
$117.9K $16.80/SF
− Vacancy
−$10.6K −$1.51/SF
EGI
$107.3K $15.29/SF
− OpEx
−$37.6K −$5.35/SF
NOI
$69.8K $9.94/SF
Area
Columbus, OH
Vacancy
9.00%
Lease Rate
$16.80 /SF/Yr
Expense Ratio
35.00%
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%
$1,395,180
Cap Rate 7%
$996,557
Cap Rate 9%
$775,100
Alternative Uses
Best Use
Flex RnD
$996.6K
$872.0K – $1.16M
NOI $69,759 @ 7.0% cap · market cap 7.34%
Second Best
Warehouse
$481.5K
$421.3K – $561.8K
NOI $33,706 @ 7.0% cap · market cap 3.55%
Theoretical Best
Office A
$1.46M
$1.28M – $1.71M
NOI $102,410 @ 7.0% cap · market cap 10.78%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
13 ft
Clear height
1
Drive-in doors
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
738
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 43219, OH
30,457
Population
13,210
Households
2.3
Avg Household Size
33
Median Age
22%
College-Educated
82%
High-School Grad
16.0 sq mi
ZIP Area
1,904
Density / Sq Mi
$51,860
Median Household Income
$32,459
Median Earnings
$1,191
Median Rent
$173,600
Median Home Value
Market
Vacancy Rate% for Industrial in Columbus, OH
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Flex space - Standalone industrial building with a 1099 drive-in door, 130+ clear height, and dedicated office space.
Where is this flex space located?
The property is located at 700 TAYLOR AV Columbus, OH.
What is the asking price?
The asking price for this property is $950,000.
What are key features of this property?
This property features: New 5‑year lease with a 5‑year option signed 3/1/2025; 7,020 SF standalone industrial building with appx. 3,930 SF office and 3,090 SF warehouse; 10' x 10' drive‑in door and 13' + clear height
