Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    1711 Woodland Ave Columbus, OH 43219
    Back to Search
    Property profile & analytics

    1711 Woodland Ave, Columbus, OH 43219

    View on Map
    • Warehouses
    • 74,458 SF
    • 4.72 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Burton Metal Finishing Inc.& Powder Coating / Powder Coating Service

    Property Details for 1711 Woodland Ave

    Year built
    1958
    Lot size
    4.72 lot acres
    Property type
    Warehouses
    Property subtype
    Industrial properties

    Description

    This Columbus, Ohio industrial property offers a compelling sale-leaseback opportunity. The ±74,458 square foot warehouse, situated on a 4.72-acre lot in Franklin County (APN: 010-109322-00), consists of two buildings and boasts a desirable location with convenient access to major highways I-670, I-71, and I-270, as well as proximity to John Glenn International Airport. Built in 1958 and renovated in 2015, the property features a 20'-26' ceiling height, six dock-high doors, and seven drive-in doors, making it ideal for distribution and manufacturing operations. The property is zoned M and benefits from existing infrastructure including a 4' gas line and a 6' water line. The current tenant, occupying the space since 1987, has a 15-year NNN lease at $4.50/SF, generating a Pro-Forma NOI of $335,061 and a 7.50% cap rate. The asking price is $4,467,480. This sale-leaseback presents a strong investment opportunity with a long-term, established tenant and significant upside potential. The property's size, location, and features make it an attractive asset for investors seeking stable income and future growth.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Columbus
    County
    Franklin
    State
    Ohio
    Longitude
    -82.9544
    Latitude
    40.0028

    Comparable in this City

    • Value Estimation by Request

      2771 4Th Ave

      Life science properties
      2771 4Th Ave, Columbus, OH 43219
      View Details
    • Value Estimation by Request

      725 Taylor Ave

      Distribution properties
      725 Taylor Ave, Columbus, OH 43219
      View Details
    • Value Estimation by Request

      745 Taylor Ave

      Distribution properties
      745 Taylor Ave, Columbus, OH 43219
      View Details
    • Value Estimation by Request

      682 Cassady Ave

      Life science properties
      682 Cassady Ave, Columbus, OH 43219
      View Details
    • Value Estimation by Request
      34,905 SF

      2593 14Th Ave

      Flex space
      2593 14Th Ave, Columbus, OH 43219
      View Details
    • Value Estimation by Request
      150,000 SF

      2120-2240 Citygate Dr

      Distribution properties
      2120-2240 Citygate Dr, Columbus, OH 43219
      View Details

    Similar Nearby for Sale

    • $3,800,000

      Columbus Industrial Warehouse For Sale

      74,458 SF industrial warehouse in Northeast Columbus with convenient access.
      1711 Woodland Ave, Columbus, OH 43219
      View Details
    • Contact for pricing

      Flex Building Near Downtown Columbus

      Flex building with warehouse and office space, expansion potential.
      Columbus, OH 43219
      View Details
    • Contact for pricing
      199,266 SF

      Columbus Warehouse Space Available

      199,266 square foot warehouse space in Columbus, Ohio.
      3100 Easton Square Pl, Columbus, OH 43219
      View Details
    • $950,000
      7,020 SF

      Columbus Industrial/Flex Building For Sale

      Stand-alone industrial/flex building with new lease near downtown Columbus.
      700 Taylor Ave, Columbus, OH 43219
      View Details
    • Contact for pricing
      6,528 SF

      Industrial Flex Building For Sale

      6,528 SF industrial flex building in Columbus, Ohio.
      3840 E 5Th Ave, Columbus, OH 43219
      View Details
    • Contact for pricing

      Renovated Industrial Building with Suites

      13,200 SF industrial building undergoing complete renovation, convenient location.
      3061-3069 Lamb Ave, Columbus, OH 43219
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      29,260 SF

      Industrial Property with Hazard Compliance

      Industrial property featuring hazard compliance and potential rail service.
      1100 Woodland Ave, Columbus, OH 43219
      View Details
    • Contact for pricing
      60,000 SF

      New Speculative Warehouse Near Airport

      Under-construction 207,740 SF warehouse near Columbus Airport.
      885 Stelzer Rd, Columbus, OH 43219
      View Details
    • Contact for pricing
      7,584 SF

      East Side Warehouse Sublease Opportunity

      Warehouse sublease near airport with shared docks and drive-in.
      2300 Marilyn Ln, Columbus, OH 43219
      View Details
    • Contact for pricing
      44,000 SF

      Columbus Office/Warehouse Space Available

      Office and warehouse space in the airport/east submarket for lease.
      3000-3004 E 14Th Ave, Columbus, OH 43219
      View Details
    • Contact for pricing
      12,213 SF

      Stand-alone Building Near Interstate Access

      Stand-alone building with great interstate access and strong labor attributes.
      1040 Woodland Ave, Columbus, OH 43219
      View Details
    • Contact for pricing
      6,800 SF

      Adaptable Industrial Asset For Lease

      Well-appointed industrial space with office component, tailored for efficient operations.
      1400 Bliss St, Columbus, OH 43219
      View Details
    Request Owner's contact information
    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.
    1711 Woodland Ave
    Columbus, OH 43219
    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
    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

    Thank You for Inquiry
    1711 Woodland Ave, Columbus, OH, 43219
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!