Columbus Cold Storage Truck
1111 Cable Ave Columbus, OH 43222
1111 Cable Ave, Columbus, OH, 43222
$1,650,000
For Sale
$1,650,000
9,150 SF cold storage truck terminal with 15 docks.
Property Size9,150 SF
Lot Size0.95 Acres
Price / SF$180.33
Days on Market176
Property Features for 1111 Cable Ave
General Information
- Standard status
- Active
- Size
- 9,150 SF
- Lot size
- 0.95 Acres
- Property subtype
- Industrial
Building Details
- Year Built
- 1952
Listing agency
NAI Ohio Equities, LLC
(614) 629-5282
Listed by
Ryan McGreevy · License #2007000920
Source
Ohioequities
Added: Jan 27 Updated: Jul 6 at 10:10AM Checked: Jul 22 at 5:41AM
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 9,150 SF industrial building in Columbus is suited for cold storage and refrigerated warehouse use. It features a cold storage truck terminal, approximately 800 SF of office space, and 15 docks. The property is situated on 0.95 acres of M-zoned land and has three-phase power. The property is currently 100% occupied and leased at $10,000 per month NNN, with the lease expiring on December 31, 2026. Clear height ranges from 9 to 15 feet. Located at the corner of Cable & N Glenwood Avenues, just north of W. Broad Street in the heart of Franklinton, the property offers access to major highways and is located in an Opportunity Zone.
Key Highlights
- Leased Investment: 100% occupancy with a lease at $10,000 per month NNN until December 31, 2026.
- Cold Storage Truck Terminal: 9,150 SF building ideally suited for cold storage and refrigerated warehouse use.
- Prime Location: Corner lot in Franklinton with nearby access to major highways.
Local Financial Insights For Office B
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 | $181.2k | $19.80 |
| − Vacancy | −$40.2k | −$4.40 |
| EGI | $141.0k | $15.40 |
| − OpEx | −$35.2k | −$3.85 |
| NOI | $105.7k | $11.55 |
9,150 SF · lease $19.80/SF/yr · vacancy 22.20% · expense 25.00%
Alternative Uses
Best Use
Office B
$1.51M
$1.32M – $1.76M
NOI $105,713 @ 7.0% cap · market cap 6.41%
Second Best
Warehouse
$627.6K
$549.2K – $732.2K
NOI $43,933 @ 7.0% cap · market cap 2.66%
Theoretical Best
Office A
$1.91M
$1.67M – $2.22M
NOI $133,483 @ 7.0% cap · market cap 8.09%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
What Chefs Want
Big Box & Wholesale Store
Similar For Sale Nearby
FAQs
What type of property is this?
Truck terminal - 9,150 SF cold storage truck terminal with 15 docks.
Where is this truck terminal 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: Leased Investment: 100% occupancy with a lease at $10,000 per month NNN until December 31, 2026.; Cold Storage Truck Terminal: 9,150 SF building ideally suited for cold storage and refrigerated warehouse use.; Prime Location: Corner lot in Franklinton with nearby access to major highways.
