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    The Largest CRE Database in the US with Over 1 Million Listings

    781 Northwest Blvd Grandview Heights, OH 43212

    Sponsored
    For Lease
    $4,750 /Mo ($4 SF/Yr)

    COMMERCIAL - Grandview Heights, OH

    Type:Office
    Property size:
    12,000 SF
    Days on Market:
    26
    Last Refresh:
    Jan 31 at 1:06 am

    Property Features for 781 Northwest Blvd

    General Information

    Property type
    Commercial Lease
    Property subtype
    Office
    Standard status
    Active
    APN
    030-001269
    Parking
    20
    Size
    12,000 SF

    Utilities

    Utilities
    Electricity Available
    Heating system
    Forced Air
    Water source
    Public

    Building Details

    Floors in Building
    2

    We can help!

    Listing Contact
    Ersula D Haygood

    Realty ONE Group Elements (614) 974-2230

    Listing agent Ersula D Haygood (614) 425-5377

    Listing date Jan 6, 2026

    MLS# 225033553

    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.

    Learn more

    Property Insight Report

    Overview

    Furnished Office Space, Grandview Heights

    This commercial space in Grandview Heights, Ohio, offers 5,000 square feet of fully furnished office space. The suite includes 8 private office suites, a large multi-purpose room suitable for additional office setups or team meetings, a dedicated conference room, and a reception area. The space is designed for convenience and functionality, featuring a kitchenette, modern furnishings, updated lighting, numeric door locks, and a security system. The property has three private entrances inside a secured building, providing flexibility for multiple teams or departments. All utilities are included in the rent. The location is near The Yards. The property is suitable for businesses seeking private offices, collaborative areas, or client-ready meeting spaces.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Office space

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Dental Office Hair Salon Clothing Store Nail Salon Food Market Grocery Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Grandview Heights
    County
    Franklin
    State
    Ohio
    Longitude
    -83.029593
    Latitude
    39.975132

    Nearby Similar for Lease

    • Contact for pricing
      24,568 SF

      Grandview Heights Office Space

      Modern office suites, prime location.
      827 Goodale Blvd, Grandview Heights, OH 43212
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    • Contact for pricing

      Office/Warehouse/Lab Space Near Downtown

      19,942 SF flex space near Grandview Yard.
      Grandview Heights, OH 43212
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    • $25 SF/Yr
      27,242 SF

      Creative Office Space Available

      Move-in ready office space with high-end finishes and patio.
      1400 W Goodale Blvd, Grandview Heights, OH
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    • $5 SF/Yr
      23,643 SF

      Office/Warehouse Space for Lease

      Central office/warehouse for lease, divisible units available.
      1481 W Goodale Blvd, Grandview Heights, OH
      View Details

    FAQs

    What type of property is this?
    Office space - Move-in ready office space in Grandview Heights near The Yards.
    Where is this office space located?
    The property is located at 781 Northwest Blvd Grandview Heights, OH.
    What is the lease rate?
    The lease rate is $4 SF/Yr.
    What are key features of this property?
    This property features: - 5,000 sq ft fully furnished, move-in ready office space in Grandview Heights.; - All utilities included in rent for simplified budgeting.; - Features **8 private office suites, conference room, multi-purpose room, and reception area**.
    (614) 425-5377
    Request Owner's contact information
    781 Northwest Blvd Grandview Heights, OH 43212
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    Grandview Heights, OH 43212
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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.

    More about this property
    781 Northwest Blvd Grandview Heights, OH 43212
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    We can help!
    Listing Contact
    Ersula D Haygood
    (614) 425-5377
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