Financial
Distress signals
Property profile

1840 Progress Ave Columbus, OH 43207

FOR SALE
Manufacturing properties
Property ID
US66-1159871
84,124 SF 3.84 ac lot Built 1966
Entity Owned Owner of record is a legal entity (LLC / corporation). Absentee Owner Owner mailing address differs from the property address. Free & Clear No active or open recorded mortgage detected.
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Property summary

AI-generated overview

Industrial building totaling approximately 86,000 square feet situated on a 3.84-acre lot. The facility has ceiling heights up to 27 feet and is equipped with seven dock doors and three 14-foot drive-in doors. Interior construction includes 42-foot by 34-foot column spacing, with electrical service rated at 480V/600 amp. The property is zoned for manufacturing (M) and is configured to support storage, manufacturing, and other industrial uses; it also has immediate rail access. The building is

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?
$43k
Tax billed · 2023
Assessed value$593k
Assessed land$60k
Assessed improvement$533k
Effective rate7.30%

Value estimate

· Sep 2026
$840k
$756k – $924k
Submarket $/SF estimate$2.13M
NOI build-up
Gross scheduled income$1.88M
Vacancy & credit loss−$451k
Operating expenses−$428k
NOI · 16.66% cap applied$999k

Realmo valuation models over county records.

Recently sold

What actually traded nearby?
$89/SF
ZIP average, outlier-cleaned · 37 recorded sales of this use type
Observed band · Q1–Q3$46 – $156

Cap rate analysis

How does the asset earn?
16.66%
$999k 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: Realty agency
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Realty agency39.6
Restaurant31.0
Law Firm27.3

Location

1840 Progress Ave Columbus, OH 43207
County assessor Recorded deeds · not on file 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 · 14 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
1000 Buckeye Park, Columbus, OH 43207-2509 $5,500,000 Jan 2026 52,478 SF
555 Marion, Columbus, OH 43207-2550 $4,000,000 Jun 2024 75,906 SF
2100 Advance, Columbus, OH 43207-1722 $1,550,000 Nov 2023 106,740 SF
84 Fornoff, Columbus, OH 43207-2414 $2,300,000 Jul 2023 47,030 SF
1939 Refugee, Columbus, OH 43207-1743 $450,000 Feb 2022 74,724 SF
2300 Lockbourne, Columbus, OH 43207-2167 $119,134 Nov 2019 48,200 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
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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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