Columbus Industrial Building For
1503-1505 Alum Creek Dr Columbus, OH 43209
1503-1505 Alum Creek Dr, Columbus, OH, 43209
Contact for pricing
For Sale
Contact for pricing
11,600 SF industrial building with recent upgrades.
Property Size11,600 SF
Price / SF$146.12
Days on Market1408
Property Features for 1503-1505 Alum Creek Dr
General Information
- Standard status
- Active
- Size
- 11,600 SF
- Property subtype
- Industrial
Building Details
- Year Built
- 1967
Listing agency
NAI Ohio Equities, LLC
(614) 581-2434
Listed by
Dan Sheeran Jr · License #OH 2016006190
Source
Crexi
Added: Sep 13, 2022 Updated: Jul 6 at 8:11AM Checked: Jul 20 at 3:55AM
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
Investment Insights
Based on property information with market context.
This industrial building offers approximately 11,600 square feet and is available for sale, presenting options for ownership or tenancy. Units 1505 and 1503 are readily available for an owner-user. Recent enhancements include a new truck dock and doors, along with a drive-in door, enhancing the property's functionality. The building features a clear height range of 8 to 15 feet and Three-Phase 208 | 400 Amps electrical.
Key Highlights
- ±11,600 SF industrial building offering ownership or tenancy.
- Readily available units (1505 and 1503) for owner‑user.
- New truck dock and doors.
Local Financial Insights For Warehouse
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 | $71.0k | $6.12 |
| − Vacancy | −$5.5k | −$0.47 |
| EGI | $65.5k | $5.65 |
| − OpEx | −$9.8k | −$0.85 |
| NOI | $55.7k | $4.80 |
11,600 SF · lease $6.12/SF/yr · vacancy 7.70% · expense 15.00%
Alternative Uses
Best Use
Warehouse
$795.7K
$696.2K – $928.3K
NOI $55,697 @ 7.0% cap · market cap 3.29%
Second Best
Industrial
$655.3K
$573.4K – $764.5K
NOI $45,868 @ 7.0% cap · market cap 2.71%
Theoretical Best
Office A
$2.42M
$2.12M – $2.82M
NOI $169,225 @ 7.0% cap · market cap 9.98%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
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- Guardian Relocation Moving Company - Altas Van Lines — 1570 Integrity Dr E, Columbus, OH 43209
FAQs
What type of property is this?
Warehouse - 11,600 SF industrial building with recent upgrades.
Where is this warehouse located?
The property is located at 1503-1505 Alum Creek Dr Columbus, OH.
What is the asking price?
The asking price for this property is $1,695,000.
What are key features of this property?
This property features: ±11,600 SF industrial building offering ownership or tenancy.; Readily available units (1505 and 1503) for owner‑user.; New truck dock and doors.
