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Property profile & analytics
OFF-MARKET Estimated value $755,000
Flex space

1085 Stimmel Rd 1091 Columbus, OH 43223-2911

6,624 SF 1.45 ac lot Built 1958
Entity Owned 2-yr Hold ~ Est. High Equity
Property ID
US66-1385955
Property summary
AI-generated overview

This exceptional 16,305-square-foot flex space property, located at 1085 Stimmel Road, Columbus, and situated on a 1.44-acre lot (APN 140-007062), is available for lease at $10 per square foot, NNN ($13,500 monthly base rent). The property boasts a completely renovated, stand-alone design, offering convenient access to Downtown Columbus. The building features a freshly remodeled (2024) 1,050-square-foot office area, complete with a reception area, four private offices, and a spacious kitchenette/breakroom. In addition to the office space, there is a substantial 15,255-square-foot warehouse/shop area equipped with three-phase power throughout and radiant heat. The warehouse features eight 12' x 12' drive-in doors, enhancing accessibility and efficiency. Further enhancing the property's functionality are 2,400 square feet of covered storage bays, an exterior dock, and a loading ramp. Ample paved parking is available for tenants and visitors. The property is conveniently located near Harmon Ave. This property presents a unique opportunity for businesses seeking a blend of modern office space and expansive warehouse capabilities in a prime location.

Property profile
Verified
Property type Flex space
Use group LIGHT INDUSTRIAL
Year built 1958
Construction WOOD
Total area 6,624 SF
Lot 1.45 ac (63,336 SF)
Zoning code 1085
APN 140-007062
UPID US66-1385955
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$755k
CAP Approach CAP
by Request
Comparable Approach Comparable
$935k
Blend (final) Blend
$755k
Owner & transaction history
Stimmel Estates LLC · 2 yrs held
Stimmel Estates LLC
since 2024
Last sale
$755,000
5 recorded transactions
2024
$755,000
1969
Price N/A
1969
Price N/A
1969
Price N/A
1969
Price N/A
Zoning & alternative use
1085 · Columbus, OH
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Apartment house (5+ units) $960,000 +76.1%
Office building $945,000 +73.4%
Medical building $895,000 +64.1%
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