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    1111 Cable Ave Columbus, OH 43222

    Sponsored
    For Sale
    $1,650,000

    9,150 SF Cold Storage Facility, 100% Occupied

    Property size:
    9,150 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    396
    This exceptional investment opportunity presents a 9,150 square foot, single-tenant, Class C cold storage facility located at 1111 Cable Avenue, Columbus, OH 43222. The property, built in 1952 and situated on a 0.95-acre lot (APN: 010-049751-00, 010-279307-00, 010-030426-00, 010-023801-00), features 15 loading docks, a 15-foot ceiling height, and is zoned for Manufacturing (M). Currently leased under a triple-net (NNN) lease at $10,000 per month, with a remaining term of approximately 2.1 years expiring December 31, 2026 (lease commencement January 1, 2019). The property boasts 100% occupancy since its lease inception and includes approximately 800 square feet of office space. This core+ investment is priced at $1,650,000 and offers a strong return in a thriving industrial market. The property consists of one building, one story, and includes three-phase power. No ground lease is in place, and no lease options are available. This is a rare opportunity to acquire a well-maintained, high-performing asset with significant upside potential.

    Property Features for 1111 Cable Ave

    General Information

    Property type
    Refrigerated & Cold Storages
    Square Feet
    9,150 SF
    Class
    C
    Lot Size
    41,382 SF

    Building Details

    Year Built
    1952
    Buildings
    1
    Stories
    1
    Units
    1

    HighLights

    • 9,150 SF cold storage facility with ±800 SF of office space.
    • 0.95‑acre lot in Columbus, OH, zoned Manufacturing (M).
    • 15 loading docks and 9'-15' clear ceiling height; three‑phase power.
    • NNN leased at $10,000/month, expiring 12/31/2026.
    • Offered at $1,650,000; located in an Opportunity Zone.
    Property Profile Location Intelligence

    Current Use by Public Records

    What Chefs Want Food Products Supplier

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Columbus
    County
    Franklin
    State
    Ohio
    Longitude
    -83.030896718976
    Latitude
    39.960932930226

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    FAQs

    What type of property is this?
    Refrigerated / Cold Storage - 9,150 SF Cold Storage Facility, 100% Occupied
    Where is this refrigerated / cold storage located?
    The property is located at 1111 Cable Ave Columbus, OH.
    What is the asking price?
    The asking price for this property is $1,650,000.
    What are key features of this property?
    This property features: 9,150 SF cold storage facility with ±800 SF of office space.; 0.95-acre lot in Columbus, OH, zoned Manufacturing (M).; 15 loading docks and 9'-15' clear ceiling height; three-phase power.
    Request Owner's contact information
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    Columbus, OH 43222
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    Realmo Value Estimation

    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.

    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.

    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
    1111 Cable Ave Columbus, OH 43222
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