Flex Building with Fenced
87 Highview Blvd, Columbus, OH 43207
For Sale
New
$1,025,000
An office-and-warehouse layout pairs renovated administrative space with fenced exterior storage and three-phase electrical service.
Property Size4,776 SF
Lot Size1.50 Acres
Price / SF$215.07
Days on Market2
Property Features for 87 Highview Blvd
General Information
Standard status
Size
Total Parking Spaces
Lot size
Property subtype
Zoning
Site & Location
Neighborhood
Highway Access
Fenced Yard
Outdoor Storage
Warehouse & Industrial
Clear Height
Warehouse Space
Office Build-Out
Drive-In Doors
Three-Phase Power
Additional Details
Property Use
Building Details
Building Size
Year Built
Buildings
Listing Agency:
NAI Ohio Equities, LLC
Listed By:
Joe Menninger, CCIM · License #2013003363
(614) 778-1464
Source:
Ohioequities
Added: Nov 6
Last Checked: Nov 6 at 2:34PM
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 NAI Ohio Equities, LLC
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Investment Insights
Based on property information with market context.
This 4,766-square-foot flex building combines 1,382 square feet of fully renovated office space with 3,384 square feet of warehouse area. Two drive-in doors measure 8 by 10 feet and 12 by 10 feet, and the warehouse offers clear height up to 20 feet. The building was constructed in 2004 and has three-phase power.
The property occupies 1.5 acres and includes approximately 2,200 square feet of fenced outdoor storage and 20 parking spaces. CAC zoning and access to US-23, I-270, and SR-104 are additional property details.
The property occupies 1.5 acres and includes approximately 2,200 square feet of fenced outdoor storage and 20 parking spaces. CAC zoning and access to US-23, I-270, and SR-104 are additional property details.
Key Highlights
- 4,766 SF flex building on 1.5 acres
- 1,382 SF of renovated office space and 3,384 SF of warehouse space
- Two drive‑in doors: 8' x 10' and 12' x 10'
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$67,242
Cap Rate
6.56%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,344,840
$1.3M
Cap Rate 7%
$960,600
$960.6K
Cap Rate 9%
$747,133
$747.1K
Market Conditions
NOI Build-Up for 4,766 SF
Gross rent
$104.1K $21.84/SF
− Vacancy
−$25.0K −$5.24/SF
EGI
$79.1K $16.60/SF
− OpEx
−$11.9K −$2.49/SF
NOI
$67.2K $14.11/SF
Area
ZIP 43207
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%
$1,344,840
Cap Rate 7%
$960,600
Cap Rate 9%
$747,133
Alternative Uses
Best Use
Warehouse
$960.6K
$840.5K – $1.12M
NOI $67,242 @ 7.0% cap · market cap 6.56%
Second Best
Industrial
$791.1K
$692.2K – $922.9K
NOI $55,376 @ 7.0% cap · market cap 5.40%
Theoretical Best
—
—
same as Best Use
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
20 ft
Clear height
2
Drive-in doors
Yes
Fenced yard
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
486
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 43207, OH
46,853
Population
21,242
Households
2.2
Avg Household Size
38
Median Age
16%
College-Educated
85%
High-School Grad
23.1 sq mi
ZIP Area
2,028
Density / Sq Mi
$61,307
Median Household Income
$40,037
Median Earnings
$1,115
Median Rent
$156,200
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/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 - An office-and-warehouse layout pairs renovated administrative space with fenced exterior storage and three-phase electrical service.
Where is this flex space located?
The property is located at 87 Highview Blvd Columbus, OH.
What is the asking price?
The asking price for this property is $1,025,000.
What are key features of this property?
This property features: 4,766 SF flex building on 1.5 acres; 1,382 SF of renovated office space and 3,384 SF of warehouse space; Two drive‑in doors: 8' x 10' and 12' x 10'
