Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    711 Southwood Ave Columbus, OH 43207

    • Warehouses
    • 15,968 SF
    • 12.95 lot acres
    For Lease
    View listing
    $5 SF/Yr
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US66-2819321
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • IMPACT Community Action / Non-Profit Organization

    Property Details for 711 Southwood Ave

    Year built
    1990
    Lot size
    12.95 lot acres
    Property size
    15,968 SF
    Property type
    Warehouses
    APN
    010-113409
    APU
    10113409

    Description

    This exceptional 410,495-square-foot flex industrial campus, situated on 23.72 acres in Columbus, Ohio, presents a compelling value-add investment opportunity. The property comprises six buildings, including approximately 96,906 square feet of fully leased office space with long-term tenants and 313,589 square feet of warehouse space offering flexible occupancy terms or value-add potential. Seven tenants currently occupy the space. Recent capital improvements are extensive, encompassing HVAC upgrades, enhanced lighting, new flooring and paint in the office areas, and significant warehouse upgrades including LED lighting, storefronts, exterior enhancements, truck court improvements, expanded parking, new fencing, and upgraded security systems. The property boasts 27 dock-high doors and 17 loading docks. The campus benefits from ample parking and additional land, providing further value-add opportunities or potential for future infill redevelopment. Zoned M (Manufacturing) by the City of Columbus, this property is located in a Qualified Opportunity Zone and enjoys convenient access to major transportation arteries, including I-70, US-33, and I-71. The asking price is $14,000,000, representing a pro-forma cap rate of 10.00% and a pro-forma NOI of $1,400,000. The price per square foot is $34.11. This is a multi-tenant property with no credit rating provided for the tenants. The lease type is modified.

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $1,910,000
      Market price range: $610k - $1.91M

    • Alternative Use

      Use
      Estimation
      WAREHOUSE, STORAGE
      $1,090,000
      Current use
      AUTO REPAIR, GARAGE
      $2,530,000
      Change: +132% Conversion: Easy
      APARTMENT HOUSE (5+ UNITS)
      $2,315,000
      Change: +112% Conversion: Difficult
      OFFICE BUILDING
      $2,280,000
      Change: +109% Conversion: Difficult
      MEDICAL BUILDING
      $2,155,000
      Change: +98% Conversion: Difficult
      NEIGHBORHOOD: SHOPPING CENTER
      $1,725,000
      Change: +58% Conversion: Moderate
      RETAIL STORES
      $1,715,000
      Change: +57% Conversion: Moderate

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Columbus
    County
    Franklin
    State
    Ohio
    Longitude
    -82.9759
    Latitude
    39.9317
    CBSA code
    18140
    CBSA name
    COLUMBUS, OH METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $59,942
    $191,770
    $628,810
    $820,580
    -
    $547,900
    $1,796,600
    $2,344,500

    Comparable in this City

    • Value Estimation by Request
      0.22 Acres

      Hosack St

      MINI-WAREHOUSE, STORAGE • 0.22 Acres
      Hosack St, Columbus, OH 43207
      View Details
    • Value Estimation by Request
      1.24 Acres

      Creekway Dr

      WAREHOUSE, STORAGE • 1.24 Acres
      Creekway Dr, Columbus, OH 43207
      View Details
    • Value Estimation
      $25,670,000
      277,746 SF

      1590 Williams Rd

      WAREHOUSE, STORAGE • 277,746 SF
      1590 Williams Rd, Columbus, OH 43207-5183
      View Details
    • Value Estimation
      $8,205,000
      82,416 SF

      1884 Williams Rd, Unit 1900

      WAREHOUSE, STORAGE • 82,416 SF
      1884 Williams Rd, Columbus, OH 43207-5113
      View Details
    • Value Estimation by Request
      1,680 SF

      4220 Groveport Rd

      MINI-WAREHOUSE, STORAGE • 1,680 SF
      4220 Groveport Rd, Obetz, OH 43207-4309
      View Details
    • Value Estimation
      $5,425,000
      10,821 SF

      2177 Williams Rd

      WAREHOUSE, STORAGE • 10,821 SF
      2177 Williams Rd, Columbus, OH 43207-5193
      View Details

    Similar Nearby for Sale

    • $10,995,000
      240,000 SF

      Columbus Manufacturing Warehouse with Rail Access

      240,000 SF multi-purpose warehouse with outside storage and highway access.
      521 Marion Rd, Columbus, OH 43207
      View Details
    • $180,000
      1,100 SF

      Garage on Industrial Lot

      1,100 SF garage on 0.49 acre lot.
      Llewellyn Ave, Columbus, OH 43207
      View Details
    • $10,995,000
      240,000 SF

      Columbus Manufacturing Warehouse with Rail Access

      240,000 SF multi-purpose warehouse with outside storage and highway access.
      521 Marion Rd, Columbus, OH 43207
      View Details
    • Contact for pricing
      33,644 SF

      Versatile Building in Growing Community

      Office, warehouse, and turnkey brewery spaces available in revitalized Steelton Village.
      2025 S High St, Columbus, OH 43207
      View Details
    • Contact for pricing
      472,448 SF

      Columbus Warehouse with 3-Phase Power

      472,448 SF warehouse with convenient access to major travel routes.
      600-740 Marion Rd, Columbus, OH 43207
      View Details
    • Contact for pricing
      56,784 SF

      Centrally Located Standalone Property

      Unique property for sale or lease with income-producing trailer parking.
      2201 Advance Ave, Columbus, OH 43207
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      19,764 SF

      Columbus Warehouse: 19,764 SF

      Prime Columbus warehouse, 19,764 sq ft.
      1663 Watkins Rd, Columbus, OH 43207
      View Details
    • $4 SF/Yr
      394,016 SF

      Versatile Industrial Space with Highway Access

      Functional industrial space near major highways, suitable for diverse businesses.
      750 Marion Rd, Columbus, OH 43207
      View Details
    • Contact for pricing
      599,040 SF

      Spacious Warehouse and Distribution Facility

      Large industrial building with docks and drive-in doors for lease.
      2255 Parsons Ave, Columbus, OH 43207
      View Details
    • Contact for pricing
      244,800 SF

      Columbus Industrial Portfolio Opportunity

      Three-building portfolio near I-270 and CSX intermodal yard.
      1580 Williams Rd, Columbus, OH 43207
      View Details
    • $3 SF/Yr
      87,641 SF

      Columbus Industrial Distribution Center Space

      Industrial space for lease in Columbus distribution center.
      1695 Williams Rd, Columbus, OH 43207
      View Details
    • $9 SF/Yr
      7,500 SF

      Industrial Warehouse Near I-70

      7,500 SF industrial warehouse space near I-70 available for lease.
      2080-2090 Fairwood Ave, Columbus, OH 43207
      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.
    711 Southwood Ave
    Columbus, OH 43207
    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

    Google sign-in failed. Please try again or use another login method.