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    Four-Story Office-Retail Building Title is generated by Realmo AI

    1110 Morse Road, Columbus, OH 43229

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    For Lease
    $6,900/Mo $3 SF/Yr (calc)

    COMMERCIAL - Columbus, OH

    Type:Office
    Property size:
    23,256 SF
    Lot size:
    0.98 Acres
    Added:
    Jul 1, 2025
    Days on Market:
    338
    Last Refresh:
    Jun 3 at 9:06 am

    Property Features for 1110 Morse Road

    General Information

    Property type
    Commercial Lease
    Property subtype
    Office
    Standard status
    Active
    APN
    010-013470
    Size
    23,256 SF
    Lot size
    0.98 Acres

    Taxes and HOA fees

    Tax Year
    2024
    Tax Annual Amount
    28455

    Building Details

    Year built
    1966
    Floors in Building
    1

    We can help!

    Listing Contact
    Patrick T Larrimer
    Patrick T Larrimer

    Listing agent Patrick T Larrimer License #2015000714

    Listing office Real Estate Opportunity 2246 S Hamilton Rd., #101, Columbus, OH

    Listing date Jul 1, 2025

    MLS# 225024133

    Copyright © 2026 Columbus and Central Ohio Multiple Listing Service. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • High‑traffic location with over 35,000 vehicles per day on Morse Rd.
    • Flexible suite sizes available, ranging from approximately 200 SF to full‑floor suites.
    • Zoned Community Activity Center (CAC) allowing for a wide range of uses.
    • Move‑in ready with ADA accessibility, elevator, modern HVAC, and new TPO roof (2024).
    • Ample on‑site shared parking with 74‑78 spaces.
    • Suites with existing plumbing infrastructure available.

    Overview

    1110 Morse Rd is a fully renovated, multi-tenant four-story commercial building designed to support both office and retail-oriented uses. Suites are available in flexible configurations, ranging from smaller options through full-floor opportunities, and the property includes modern HVAC and ADA accessibility with an elevator. A new TPO roof was installed in 2024, and ceiling height is approximately 10' slab-to-slab, supporting a comfortable work environment for a variety of tenant needs. Select suites include existing plumbing infrastructure, which may streamline salon or medical buildouts.

    Located on Morse Road in Columbus’ Community Activity Center (CAC) zoning district, the property is set up for a wide range of professional and service-oriented uses, including medical, salon/spa, education, and retail. The site provides convenient on-site shared surface parking, with exposure to over 35,000 vehicles per day on Morse Rd and 74–78 shared parking spaces available.

    This building is well suited for startups, growing businesses, or operators seeking move-in ready space with adaptable suite sizes. With existing tenants that include professional offices and salon suite users, the mix supports professional services and personal care concepts alongside office operations, offering tenants a practical path to occupancy in a visible, actively zoned commercial setting.
    Property Profile Location Intelligence

    Current Use by Public Records

    Anioma Association of Nigeria ... Anime Club Loft of Luxe Hair Salon Legacy Home Health ... Home Health Care Service Jama & Sulud Home ... Home Health Care Service Providence Home Health ... Home Health Care Service

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Pharmacy

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Columbus
    County
    Delaware
    State
    Ohio
    Longitude
    -82.989446
    Latitude
    40.062001

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    FAQs

    What type of property is this?
    Office units - Fully renovated suites with ADA access and elevator, positioned for offices, healthcare, salon, wellness, and retail users.
    Where is this office units located?
    The property is located at 1110 Morse Road Columbus, OH.
    What is the lease rate?
    The lease rate is $6,900 /Mo.
    What are key features of this property?
    This property features: High‑traffic location with over 35,000 vehicles per day on Morse Rd.; Flexible suite sizes available, ranging from approximately 200 SF to full‑floor suites.; Zoned Community Activity Center (CAC) allowing for a wide range of uses.
    (614) 746-5602
    We can help!
    Listing Contact
    Patrick T Larrimer
    Patrick T Larrimer
    Real Estate License ID: 2015000714
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    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.

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