Flex Space with Two
For Sale
$495,000
8450 E Main St, Reynoldsburg, OH 43068
Community Commercial zoning supports office, storage, vehicle storage, and operational uses across two separate barn structures.
Property Size1,250 SF
Lot Size1.30 Acres
Price / SF$396
Days on Market73
Property Features for 8450 E Main St
General Information
Standard status
Active
Size
1,250 SF
Lot size
1.30 Acres
Zoning
Community Commercial
Additional Details
Outdoor Storage
Yes
Building Details
Year Built
1985
Buildings
2
Listing Agency:
Keller Williams Greater Cols
Listed By:
Mark A Sullivan · License #2010000493
(614) 537-3888
Source:
Dreamcolumbus
Added: Aug 3
Changed: Oct 12
Last Checked: Oct 7 at 1:48PM
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 Keller Williams Greater Cols
Investment Insights
Based on property information with market context.
This flex space includes two separate barns on a 1.3-acre commercial property. The front barn contains two private offices along with vehicle storage for company trucks, trailers, service vehicles, or specialty equipment. A rear barn provides additional room for products, materials, tools, machinery, and equipment, separating administrative and vehicle functions from general storage.
The property is located at 8450 E Main St in Reynoldsburg, Ohio, and carries Community Commercial zoning. The site’s outdoor area provides space for vehicle maneuvering, equipment staging, material storage, and parking. Built in 1985, the property combines office accommodations with enclosed storage and operational space for a range of commercial businesses.
The property is located at 8450 E Main St in Reynoldsburg, Ohio, and carries Community Commercial zoning. The site’s outdoor area provides space for vehicle maneuvering, equipment staging, material storage, and parking. Built in 1985, the property combines office accommodations with enclosed storage and operational space for a range of commercial businesses.
Key Highlights
- Two separate barns provide distinct office, vehicle, and general storage areas
- Front barn includes two private offices and vehicle storage
- Rear barn offers storage for products, materials, tools, machinery, and equipment
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$17,636
Cap Rate
3.56%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$352,720
$352.7K
Cap Rate 7%
$251,943
$251.9K
Cap Rate 9%
$195,956
$196.0K
Market Conditions
NOI Build-Up for 1,250 SF
Gross rent
$27.3K $21.84/SF
− Vacancy
−$6.6K −$5.24/SF
EGI
$20.7K $16.60/SF
− OpEx
−$3.1K −$2.49/SF
NOI
$17.6K $14.11/SF
Area
Franklin County, OH
Vacancy
24.00%
Lease Rate
$21.84 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$352,720
Cap Rate 7%
$251,943
Cap Rate 9%
$195,956
Alternative Uses
Best Use
Warehouse
$251.9K
$220.5K – $293.9K
NOI $17,636 @ 7.0% cap · market cap 3.56%
Second Best
Office B
$219.9K
$192.4K – $256.5K
NOI $15,390 @ 7.0% cap · market cap 3.11%
Theoretical Best
Specialty Retail
$254.8K
$223.0K – $297.3K
NOI $17,839 @ 7.0% cap · market cap 3.60%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
168
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 43068, OH
59,585
Population
25,294
Households
2.4
Avg Household Size
36
Median Age
30%
College-Educated
91%
High-School Grad
19.6 sq mi
ZIP Area
3,040
Density / Sq Mi
$70,451
Median Household Income
$42,327
Median Earnings
$1,214
Median Rent
$225,500
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Midwest region
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Frequently Asked Questions
What type of property is this?
Flex space - Community Commercial zoning supports office, storage, vehicle storage, and operational uses across two separate barn structures.
Where is this flex space located?
The property is located at 8450 E Main St Reynoldsburg, OH.
What is the asking price?
The asking price for this property is $495,000.
What are key features of this property?
This property features: Two separate barns provide distinct office, vehicle, and general storage areas; Front barn includes two private offices and vehicle storage; Rear barn offers storage for products, materials, tools, machinery, and equipment
