Columbus Mixed-Use/Industrial Property For
For Sale
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1555 Joyce Avenue, Columbus, OH 43219
Mixed-use/industrial property in Columbus with developed infrastructure.
Property Size36,785 SF
Price / SF$108.74
Days on Market976
Property Features for 1555 Joyce Avenue
General Information
Standard status
Active
Size
36,785 SF
Property subtype
Industrial, Mixed Use
Listing Agency:
Anchor Real Estate Group
Listed By:
Denise Pace · License #444298
(614) 264-8042
Source:
Crexi
Added: Feb 11, 2024
Changed: Oct 13
Last Checked: Oct 12 at 9:03PM
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.
Located in Columbus, this 36,785-square-foot property benefits from well-developed infrastructure, including highways, railroad access, and an airport. The location offers streamlined transportation and logistics. It also enhances business visibility and may qualify for government incentives. The property is suitable for mixed-use or industrial purposes.
Key Highlights
- Location in Columbus with well‑developed infrastructure.
- Streamlined transportation and logistics.
- Convenient highway access.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$145,453
Cap Rate
3.64%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,909,060
$2.9M
Cap Rate 7%
$2,077,900
$2.1M
Cap Rate 9%
$1,616,144
$1.6M
Market Conditions
NOI Build-Up for 36,785 SF
Gross rent
$225.1K $6.12/SF
− Vacancy
−$17.3K −$0.47/SF
EGI
$207.8K $5.65/SF
− OpEx
−$62.3K −$1.69/SF
NOI
$145.5K $3.95/SF
Area
Columbus, OH
Vacancy
7.70%
Lease Rate
$6.12 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,909,060
Cap Rate 7%
$2,077,900
Cap Rate 9%
$1,616,144
Alternative Uses
Best Use
Mixed Use
$6.03M
$5.28M – $7.04M
NOI $422,108 @ 7.0% cap · market cap 10.55%
Second Best
Industrial
$2.08M
$1.82M – $2.42M
NOI $145,453 @ 7.0% cap · market cap 3.64%
Theoretical Best
Office A
$7.67M
$6.71M – $8.94M
NOI $536,633 @ 7.0% cap · market cap 13.42%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
306
Businesses Nearby
Explore this area
Business Placement
Demographics for 43219, OH
30,457
Population
13,210
Households
2.3
Avg Household Size
33
Median Age
22%
College-Educated
82%
High-School Grad
16.0 sq mi
ZIP Area
1,904
Density / Sq Mi
$51,860
Median Household Income
$32,459
Median Earnings
$1,191
Median Rent
$173,600
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Industrial in Columbus, OH
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Mixed-use/industrial property in Columbus with developed infrastructure.
Where is this mixed-use property located?
The property is located at 1555 Joyce Avenue Columbus, OH.
What is the asking price?
The asking price for this property is $4,000,000.
What are key features of this property?
This property features: Location in Columbus with well‑developed infrastructure.; Streamlined transportation and logistics.; Convenient highway access.
