Columbus Industrial Building For
For Sale
Contact for pricing
700 TAYLOR AV, Columbus, OH
Stand-alone industrial building near downtown Columbus with new 5-year lease.
Property Size7,020 SF
Lot Size0.61 Acres
Price / SF$135.33
Days on Market349
Property Features for 700 TAYLOR AV
General Information
Standard status
Active
Size
7,020 SF
Lot size
0.61 Acres
Property subtype
INDUSTRIAL
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 8
Last Checked: May 20 at 9:14PM
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 stand-alone industrial building, located just east of downtown Columbus, presents an investment opportunity. The property features a new 5-year lease with a 5-year option, signed on March 1, 2025. The building has 7,020 square feet of space, with approximately 3,930 square feet designated as office space and 3,090 square feet for warehouse use, situated on 0.61 acres of land. The office area includes an entry/waiting area, seven offices (one executive, one oversized, and five standard), a large conference room, and an open workspace. There is also a kitchenette with a seating area and two restrooms (men's and women's). The warehouse portion includes two restrooms (men's and women's), multiple storage/closet spaces, and a 10’ x 10’ drive-in door. The clear height is 13’+. Ample parking is available. The property is located less than one mile (0.8) from the I-670 and Leonard Avenue on/off ramps.
Key Highlights
- New 5‑Year Lease with 5‑Year Option (signed 3/1/2025)
- 7.76% CAP Rate** at $950,000 Asking Price
- Stand‑alone Industrial Building Just East of Downtown Columbus
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
$81,104
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
8.54%
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%
$1,622,080
$1.6M
Cap Rate 7%
$1,158,629
$1.2M
Cap Rate 9%
$901,156
$901.2K
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
$139.0K $19.80/SF
− Vacancy
−$30.9K −$4.40/SF
EGI
$108.1K $15.40/SF
− OpEx
−$27.0K −$3.85/SF
NOI
$81.1K $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%
$1,622,080
Cap Rate 7%
$1,158,629
Cap Rate 9%
$901,156
Alternative Uses
Best Use
Office B
$1.16M
$1.01M – $1.35M
NOI $81,104 @ 7.0% cap · market cap 8.54%
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
Location Intelligence
Trade Area within ½ mile
982
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
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
- Self Storage — 2281 Atcheson St, Columbus, OH 43203, United States
- Self-Storage at U-Haul — 1314 E 5th Ave, Columbus, OH 43219
- NextLevel Logistics LLC — 1330 Atcheson St, Columbus, OH 43211
Frequently Asked Questions
What type of property is this?
Warehouse - Stand-alone industrial building near downtown Columbus with new 5-year lease.
Where is this warehouse 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 5‑Year Option (signed 3/1/2025); 7.76% CAP Rate** at $950,000 Asking Price; Stand‑alone Industrial Building Just East of Downtown Columbus
