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    195 Phillipi Rd Columbus, OH 43228

    For Sale
    $6,500,000

    61,600 SF Warehouse, $6.5M

    Property size:
    61,600 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    369
    This Columbus, Ohio industrial property, located at 195 Phillipi Rd, offers 61,600 square feet of manufacturing space in a single, one-story building on a 4.13-acre lot (APN 140-006363). Built in 1955, this Class B property features 8,000 square feet of office space, five 9' x 10' loading docks, and two 10' x 12' drive-in doors. The warehouse boasts a 14-foot clear ceiling height, heavy power, and ample outside storage. The property is conveniently situated on the west side of Columbus within an Ohio Opportunity Zone, providing excellent access to I-270 and I-70. Note that the building is not sprinklered and the seller requires up to 180 days post-closing to vacate the premises. The property includes a new roof. This is a prime opportunity for a manufacturing business seeking a well-located, spacious facility. The asking price is $6,500,000.

    Property Features for 195 Phillipi Rd

    General Information

    Property type
    Manufacturing properties
    Square Feet
    61,600 SF
    Class
    B
    Lot Size
    179,903 SF

    Building Details

    Year Built
    1955
    Buildings
    1
    Stories
    1

    HighLights

    • 61,600 SF Warehouse Building
    • 4‑Acre Site
    • New Roof Installation
    • 8,000 SF of Office Space
    • Five (5) Dock‑High Doors (9' x 10')
    • Two (2) Drive‑In Doors (10' x 12')
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Bidfta.com Auction House Cash and Carry Discount Store

    Suggested Use

    Restaurant Realty agency Law Firm Spa & Massage Building Supply Dental Office Wholesale Shop Hair Salon Auto Repair Shop Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Columbus
    County
    Franklin
    State
    Ohio
    Longitude
    -83.1117827
    Latitude
    39.9576172

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    FAQs

    What type of property is this?
    Manufacturing property - 61,600 SF Warehouse, $6.5M
    Where is this manufacturing property located?
    The property is located at 195 Phillipi Rd Columbus, OH.
    What is the asking price?
    The asking price for this property is $6,500,000.
    What are key features of this property?
    This property features: 61,600 SF Warehouse Building; 4-Acre Site; New Roof Installation
    Request Owner's contact information
    195 Phillipi Rd Columbus, OH 43228
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    Columbus, OH 43228
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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
    195 Phillipi Rd Columbus, OH 43228
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