Technical
Financial
Distress signals
Property profile

2631 Morse Rd C Columbus, OH 43231

FOR SALE
Retail space
Property ID
US66-3978705
37,500 SF 2.8 ac lot Built 1983
Entity Owned 8-yr Hold Absentee Owner ~ Est. High Equity
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Property summary

AI-generated overview

This Columbus, Ohio warehouse property at 2631 Morse Road offers multiple tenancy options in a prime location. The building totals 37,500 square feet, with two available spaces ranging from 3,475 to 4,462 contiguous square feet. Each unit features attractive glass front windows providing ample natural light. The property boasts a large parking lot suitable for various uses, enhancing its versatility. Situated on high-traffic Morse Road, with a daily vehicle count of 28,916, this location provides excellent visibility and opportunities for prominent signage. The estimated common area maintenance (CAM) charge is $3.05 per square foot. The minimum divisible space is 4,462 square feet, making it ideal for businesses seeking efficient and well-lit warehouse space in a bustling commercial area. The property's address is 2631 Morse Rd, Columbus, OH 43231. This location offers a blend of retail and industrial suitability, making it a versatile option for a range of businesses. The high visibility and ample parking make this an attractive opportunity for businesses seeking a strong presence in a busy commercial corridor. The available spaces are ready for immediate occupancy.

Property profile

Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1983
Total area 37,500 SF
Lot 2.8 ac (122,142 SF)
APN 600-126773
UPID US66-3978705

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Production Facility Furniture & Home Goods
  • Kitchen & Bath Showroom Furniture & Home Goods
  • Kitchen & Bath Showroom Furniture & Home Goods
  • Telecommunications Service
  • Roofing Company General Contractor

Location

2631 Morse Rd, Unit C Columbus, OH 43231
Columbus metro Census 7531 COLUMBUS, OH METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$1.78M
Blend (final) Blend
$840k

Owner & transaction history

since 2017
7 recorded transactions
2018
Price N/A
2017
$1.4M
2011
$1.2M
2005
$1.8M
2002
Price N/A
1999
$1.2M
1997
Price N/A

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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