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Property profile & analytics
OFF-MARKET
Estimated value
$710,000
Warehouses
989 Old Henderson Rd Columbus, OH 43220-3722
Entity Owned
23-yr Hold
~
Est. High Equity
Property ID
US66-6031527
Property summary
AI-generated overview
This exceptional 6,000+ square foot warehouse/office space is available for lease at 989 Old Henderson Rd, Columbus, OH 43220. Located in the M-1 Manufacturing District (APN 010-203932-00), this single-story building offers convenient access to major thoroughfares including SR 315, and is within easy reach of Grandview, Arlington, Dublin, Worthington, and Downtown Columbus. Built in 1957 and renovated in 1980, the property boasts a total of 17,356 square feet, with 6,000 square feet currently vacant. The warehouse features a desirable ceiling height of 14'9" and two 12' drive-in doors, making it ideal for various industrial and storage needs. Seven parking spaces are conveniently located in front of the unit. On-site signage opportunities are also available. The property's zoning designation as M-1 Manufacturing District allows for a wide range of potential uses. This well-maintained space presents a fantastic opportunity for businesses seeking efficient and accessible warehouse and office space in a prime Columbus location. The property's history reflects a commitment to consistent upkeep and functionality. Contact us today to schedule a viewing and explore the possibilities.
Property profile
Verified
Property type
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Year built
1957
Total area
17,356 SF
Lot
1.51 ac (65,558 SF)
APN
010-203932
UPID
US66-6031527
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
Current use
Occupant on record · Public records
-
bath2BATH Renovation Specialist General Contractor
-
The Cleary Company Hardware & Home Improvement Interior Design
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$536k
Blend (final)
Blend
$710k
Owner & transaction history
J-lu LLC · 23 yrs held
J-lu LLC
since 2003
5 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Columbus submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Columbus submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$710k
Range $639k – $781k · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$41 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$18,447
Tax year 2023
Assessed value
$252,530
Assessed 2023
Previous assessed
$181,160
+39.4% YoY
Effective rate
7.30%
On assessed value
Assessed land
$163,800
Assessed improvement
$88,730
Land market value
$468,000
Improvement market value
$253,500
Total market value
$721,500
Applied tax rate
10.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Status
Off-Market
Year built
1957
Heating
YES
Cooling
CENTRAL
Buildings
1
Stories
1
Total area
17,356 SF
Lot
1.51 ac (65,558 SF)
APN
010-203932
UPID
US66-6031527
Jurisdiction
FRANKLIN
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
1957
Heating
YES
Cooling
Yes
Stories
1
Buildings
1
Lot
1.51 ac
Current owner
From public records · entity-resolved
J-lu LLC
Entity
Mailing address
989 OLD HENDERSON RD, COLUMBUS, OH 43220-3722
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2003
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 17, 2019
—
J-lu LLC
—
Grant Deed
related
$1,760,000 · First Merchants Bk
Jun 1, 2018
—
J Lu LLC
—
Deed
related
$909,900 · Jp Morgan Chase Bk
Jul 1, 2003
$250,000
J-lu LLC
Solomon,sanford J
Grant Deed
$498,000 · Unizan Bank NA
Jul 1, 2003
—
John H Wolfe
John-saford
Quit Claim Deed
related
—
—
—
J Lu LLC
—
Deed Of Trust
related
$909,900 · Jp Morgan Chase Bk
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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