Flex Building with Warehouse
720 Grandview Ave, Columbus, OH 43215
For Sale
New
$850,000
A blend of warehouse and office area is served by two drive-in doors for loading and vehicle access.
Property Size6,300 SF
Lot Size0.26 Acres
Price / SF$134.92
Days on Market3
Property Features for 720 Grandview Ave
General Information
Standard status
Size
Lot size
Property subtype
Site & Location
Neighborhood
Highway Access
Warehouse & Industrial
Warehouse Space
Office Build-Out
Drive-In Doors
Additional Details
Property Use
Building Details
Building Size
Year Built
Buildings
Listing Agency:
Passov Real Estate Group
Listed By:
Dylan Loconti · License OH SAL.2024003127
(216) 536-4460
Source:
Passovgroup
Added: Nov 8
Last Checked: Nov 8 at 5:34PM
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 Passov Real Estate Group
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Investment Insights
Based on property information with market context.
This flex property contains approximately 6,300 square feet, with about 5,300 square feet devoted to warehouse space and 1,000 square feet of office area. Two drive-in doors provide direct access for vehicles and loading. The building was constructed in 1950 and sits on a 0.26-acre lot.
The property is at 720 Grandview Ave in Columbus, within the Grandview South commercial corridor. I-670, Downtown Columbus, the Short North and Ohio State are described as minutes away. Grandview Yard and the Grandview Heights retail corridor are identified as nearby surroundings.
The property is at 720 Grandview Ave in Columbus, within the Grandview South commercial corridor. I-670, Downtown Columbus, the Short North and Ohio State are described as minutes away. Grandview Yard and the Grandview Heights retail corridor are identified as nearby surroundings.
Key Highlights
- Approximately 6,300 SF flex building
- Approximately 5,300 SF of warehouse space and 1,000 SF of office space
- Two drive‑in doors
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$62,604
Cap Rate
7.37%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,252,080
$1.3M
Cap Rate 7%
$894,343
$894.3K
Cap Rate 9%
$695,600
$695.6K
Market Conditions
NOI Build-Up for 6,300 SF
Gross rent
$105.8K $16.80/SF
− Vacancy
−$9.5K −$1.51/SF
EGI
$96.3K $15.29/SF
− OpEx
−$33.7K −$5.35/SF
NOI
$62.6K $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 Rate 5%
$1,252,080
Cap Rate 7%
$894,343
Cap Rate 9%
$695,600
Alternative Uses
Best Use
Flex RnD
$894.3K
$782.6K – $1.04M
NOI $62,604 @ 7.0% cap · market cap 7.37%
Second Best
Warehouse
$432.1K
$378.1K – $504.2K
NOI $30,249 @ 7.0% cap · market cap 3.56%
Theoretical Best
Office A
$1.31M
$1.15M – $1.53M
NOI $91,907 @ 7.0% cap · market cap 10.81%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
2
Drive-in doors
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
654
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 43215, OH
20,761
Population
13,428
Households
1.5
Avg Household Size
32
Median Age
71%
College-Educated
97%
High-School Grad
5.1 sq mi
ZIP Area
4,071
Density / Sq Mi
$74,469
Median Household Income
$59,521
Median Earnings
$1,487
Median Rent
$508,300
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Flex space in Columbus, OH
Properties on Market for Flex space in Columbus
Vacancy Rate% for Industrial in Columbus, OH
Frequently Asked Questions
What type of property is this?
Flex space - A blend of warehouse and office area is served by two drive-in doors for loading and vehicle access.
Where is this flex space located?
The property is located at 720 Grandview Ave Columbus, OH.
What is the asking price?
The asking price for this property is $850,000.
What are key features of this property?
This property features: Approximately 6,300 SF flex building; Approximately 5,300 SF of warehouse space and 1,000 SF of office space; Two drive‑in doors
