Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    1900 Ikea Way Columbus, OH 43240

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    4.2 acre commercial site with high visibility.

    Lot size:
    4.20 Acres

    Property Features for 1900 Ikea Way

    General Information

    Standard status
    Active
    Zoning
    Commercial
    Lot size
    4.20 Acres

    We can help!

    Listing Contact
    Thomas Flynn
    Source: Crexi

    Listing Agency: CBRE - Akron Canton Listing Agent: Thomas Flynn

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Overview

    Prime Land Near I-71

    This 4.2 acre site is located off I-71 along the Gemini Place/IKEA Way corridor. The location is in front of IKEA and between two signalized intersections. The site benefits from high visibility, with over 31,000 vehicles passing the site per day. The Gemini Place/IKEA Way corridor serves as an east/west connector for the trade area.
    Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Columbus
    County
    Delaware
    State
    Ohio
    Longitude
    -82.9988
    Latitude
    39.9602

    Nearby Similar for Sale

    • $578,000
      3,240 SF

      Minerva Park Office Building

      Two-story office building in Minerva Park with dual-use flexibility.
      2505 Woodley Rd, Columbus, OH 43231
      View Details
    • $81,000
      6,320 SF

      Retail Space in Columbus, OH

      Retail space available for sale in Columbus, Ohio.
      4996 Lindora Dr, Columbus, OH 43232
      View Details
    • $475,000
      3,600 SF

      Olde Towne East Duplex

      Unique duplex in historic neighborhood, ideal for investors/owner-occupants.
      1174 Rich St, Columbus, OH 43223
      View Details
    • $3,500,000
      30,746 SF

      Renovated Flex Building in Columbus

      31,656 SF renovated flex building near Downtown Columbus.
      1025 E 5Th Ave, Columbus, OH 43201
      View Details
    • New
      $719,900
      0.08 Acres

      Completely Rebuilt Two-Family Home

      Stunning, rebuilt two-family home near OSU and Short North.
      42 King Ave, Columbus, OH 43201
      View Details
    • New
      $384,900
      0.15 Acres

      Grandview Duplex Investment Opportunity

      Duplex in Grandview area with income potential.
      1561 Glenn Ave, Columbus, OH 43212
      View Details
    • $249,000
      Pending

      Former Ice Cream Shop Opportunity

      Turnkey restaurant with drive-up, high traffic location, expansion potential.
      2860 Sullivant Ave, Columbus, OH 43204
      View Details
    • $380,000
      0.12 Acres

      Updated Duplex in Southern Orchards

      Well-maintained, fully occupied duplex with recent updates and strong rental income.
      1150 S Ohio Ave, Columbus, OH 43206
      View Details
    • $375,000
      0.10 Acres

      Southern Orchards Duplex Investment

      Turnkey duplex near downtown Columbus with strong rental potential.
      911 Linwood Ave, Columbus, OH 43206
      View Details
    • New
      $319,900
      0.11 Acres

      Updated Duplex in Franklinton

      Turnkey three-bedroom duplex in Franklinton near downtown Columbus.
      154-156 N Central Ave, Columbus, OH 43222
      View Details
    • New
      $689,900
      0.10 Acres

      Columbus Duplex Near Schiller Park

      Updated duplex near Thurman Cafe and Schiller Park.
      154-156 E Gates St, Columbus, OH 43206
      View Details
    • $749,900
      0.11 Acres

      Victorian Village Four-Unit Multifamily Property

      Four-unit property near Goodale Park with income potential.
      217 W Hubbard Ave, Columbus, OH 43215
      View Details

    FAQs

    What type of property is this?
    Commercial land - 4.2 acre commercial site with high visibility.
    Where is this commercial land located?
    The property is located at 1900 Ikea Way Columbus, OH.
    What are key features of this property?
    This property features: - Prominent location off I-71.; - Located in front of IKEA.; - Situated between two signalized intersections.
    Request Owner's contact information
    1900 Ikea Way Columbus, OH 43240
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    1900 Ikea Way
    Columbus, OH 43240
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1900 Ikea Way Columbus, OH 43240
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Thomas Flynn
    Learn More
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!