Financial
Distress signals
Property profile

511 Industrial Mile Rd Columbus, OH 43228

FOR LEASE
Other commercial real estate
Property ID
US66-0612740
15,688 SF 1.48 ac lot Built 1980
Last sale Jun 2020 · $520,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 6-yr Hold Held for 6 years. Free & Clear No active or open recorded mortgage detected.
Saved · see the list in your Dashboard
Market Trends Soon

Property summary

AI-generated overview

The property is an industrial warehouse totaling approximately 17,688 square feet, consisting of about 15,688 square feet of primary warehouse/industrial area and an additional 2,000-square-foot mezzanine integrated into the interior layout. The site is situated on an approximately 1.48-acre lot with a dedicated parking area designed to accommodate more than 100 vehicles, including 32 paved asphalt spaces and a larger gravel parking area. The location provides immediate proximity to…

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. In the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Mortgages

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax · 2023

What does the county charge?
$30k
Tax billed · 2023
Assessed value$324k
Assessed land$41k
Assessed improvement$283k
Effective rate9.13%

Value estimate

· Sep 2026
$535k
$482k – $589k
AI approach$555k
NOI build-up
Gross scheduled income$288k
Vacancy & credit loss−$13k
Operating expenses−$41k
NOI · 3,117,466.67% cap applied$234k

Realmo valuation models over county records.

Recently sold

What actually traded nearby?
$97/SF
Submarket average, outlier-cleaned · 351 recorded sales of this use type
Observed band · Q1–Q3$40 – $180

Cap rate analysis

How does the asset earn?
3,117,466.67%
$234k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

No data for this section
What can be built here?

No zoning code is on file for this parcel. Coverage grows with every catalog release.

JurisdictionFRANKLIN

Location intelligence

Which uses thrive at this corner?
Best fit: Law Firm
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Law Firm18.8
Realty agency14.0
Hair Salon13.5

Location

511 Industrial Mile Rd Columbus, OH 43228
County assessor Recorded deeds · 3 transfers Qualifying comp sales · not on file Zoning catalog · not on file

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 6 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
3750 Sullivant, Columbus, OH 43228-2123 $1,000,000 Aug 2022 18,994 SF
1444 Demorest, Columbus, OH 43228-3744 $650,000 Apr 2022 11,900 SF
3736 Sullivant, Columbus, OH 43228-2123 $365,000 Feb 2022 880 SF
2320 Westbelt, Columbus, OH 43228-3822 $458,700 Sep 2021 24,393 SF
1524 Georgesville, Columbus, OH 43228-7700 $940,000 Sep 2021 2,690 SF
2163 Wilson, Columbus, OH 43228-9594 $535,000 Aug 2019 2,718 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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