Add Listing
    For Lease
    • 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

    Us Highway 40 West Jefferson, OH 43162

    View on Map
    New
    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    Class A warehouse space for lease in West Jefferson, OH.

    Property size:
    1,062,000 SF
    Lot size:
    82.00 Acres

    Property Features for Us Highway 40

    General Information

    Size
    1,062,000 SF
    Lot size
    82.00 Acres

    We can help!

    Listing Contact
    Stephen Lindley
    Source: Moodyscre

    Listing Agency: Ambrose Property Group Listing Agent: Stephen Lindley

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

    Learn more

    Overview

    Industrial Warehouse Space Available

    A Class A industrial warehouse offers 343,500 square feet of available space in the south portion of Building I. The minimum divisible area is 170,000 square feet. The space includes a 2,500 square foot office area, 254 parking spaces for automobiles, and 85 trailer parking spaces. The warehouse features a 40-foot clear height, 38 docks, and two drive-in doors. The floor is constructed with an 8-inch unreinforced concrete slab. The property benefits from a 15-year, 100% tax abatement. This warehouse is located within Columbus Logistics Park – West, a 232-acre Class A logistics park situated directly off I-70, 20 miles west of downtown Columbus. The park contains three buildings accessible via U.S. 40.
    Location Intelligence

    Current Use by Public Records

    Distribution centers

    Map

    City
    West Jefferson
    County
    Madison
    State
    Ohio
    Longitude
    -83.353591
    Latitude
    39.939609

    Nearby Similar for Lease

    • $10 SF/Yr
      2,250 SF

      West Jefferson Medical/Office Space

      Single-story medical/office space available for lease in West Jefferson, OH.
      487 West Main St, West Jefferson, OH 43162
      View Details
    • Contact for pricing
      4,000 SF

      Retail Space on Main Street

      Retail spaces available in West Jefferson with high visibility.
      229-275 E Main St, West Jefferson, OH 43162
      View Details
    • Contact for pricing
      734,160 SF

      Industrial Space Available for Lease

      Industrial space available for lease at Park 70 East.
      15 Commerce Pkwy, West Jefferson, OH
      View Details
    • Contact for pricing
      669,760 SF

      Industrial Space Available For Lease

      Industrial space available for lease at Park 70 East.
      Park 70 East, West Jefferson, OH
      View Details
    • Contact for pricing
      542,640 SF

      Industrial Space Available for Lease

      Industrial space available for lease at Park 70 East.
      SR-29 & National Pike, West Jefferson, OH
      View Details
    • Contact for pricing
      832,600 SF

      Modern Distribution Warehouse in West Jefferson

      832,600 SF warehouse space available for lease.
      1020 Enterprise Pkwy, West Jefferson, OH 43162
      View Details
    • Contact for pricing
      137,041 SF

      C5 Gateway Logistics Center

      747,520 SF distribution center near Interstate 70.
      1050 Gateway Park Dr, West Jefferson, OH
      View Details
    • Contact for pricing
      789,630 SF

      West Jefferson Industrial Build-to-Suit

      47-acre pad-ready site, build-to-suit opportunity.
      46 Commerce Pkwy, West Jefferson, OH 43162
      View Details
    • Contact for pricing
      1,090,000 SF

      West Jefferson Warehouse For Sale

      Large industrial warehouse with ample parking and modern amenities.
      44 Commerce Pkwy, West Jefferson, OH
      View Details
    • Contact for pricing
      1,841,747 SF

      West Jefferson Logistics Center Space

      Large distribution center space near major transportation routes.
      1025 Enterprise Pkwy S, West Jefferson, OH 43162
      View Details
    • Contact for pricing
      845,280 SF

      West Jefferson Class A Warehouse

      Class A warehouse in West Jefferson, OH, built in 2020.
      220 Park Dr West, West Jefferson, OH
      View Details
    • Contact for pricing
      343,500 SF

      West Jefferson Industrial/Logistics Opportunity

      Industrial and logistics space available for lease in West Jefferson.
      200 Park Dr West, West Jefferson, OH
      View Details

    FAQs

    What type of property is this?
    Warehouse - Class A warehouse space for lease in West Jefferson, OH.
    Where is this warehouse located?
    The property is located at Us Highway 40 West Jefferson, OH.
    What are key features of this property?
    This property features: - 15-year, 100% tax abatement; - **343,500 SF of Class A industrial warehouse space available**; - **40' clear height**
    (317) 414-2112 Call to check price and availability
    Request Owner's contact information
    Us Highway 40 West Jefferson, OH 43162
    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.
    Us Highway 40
    West Jefferson, OH 43162
    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
    Us Highway 40 West Jefferson, OH 43162
    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!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Stephen Lindley
    (317) 414-2112 (317) 573-4600
    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!