1555 Joyce Avenue Columbus, OH 43219
Mixed-use/industrial property in Columbus with developed infrastructure.
Property Features for 1555 Joyce Avenue
General Information
- Standard status
- Active
- Size
- 36,785 SF
- Property subtype
- Industrial, Mixed Use
Listing office Anchor Real Estate Group (614) 338-8701
Listing date Feb 11, 2024
Source Crexi
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 Anchor Real Estate Group
Investment Insights
Based on property information with market context.
Key Highlights
- Location in Columbus with well‑developed infrastructure.
- Streamlined transportation and logistics.
- Convenient highway access.
Local Financial Insights For Industrial
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $225.1k | $6.12 |
| − Vacancy | −$17.3k | −$0.47 |
| EGI | $207.8k | $5.65 |
| − OpEx | −$62.3k | −$1.69 |
| NOI | $145.5k | $3.95 |
