Single-Story Mixed-Use
For Sale
Contact for pricing
1000 N High St., Worthington, OH 43085
C-3-zoned commercial property with partial basement storage.
Property Size10,081 SF
Price / SF$148.79
Days on Market187
Property Features for 1000 N High St.
General Information
Standard status
Active
Size
10,081 SF
Property subtype
Office, Retail
Occupancy
100%
Investment Type
Value Add
Net Operating Income
$100,000
Building Details
Year Built
1960
Buildings
1
Units
9
Listing Agency:
ROI Realty Services, Inc.
(614) 221-2500
Listed By:
Fil Line
Source:
Crexi
Added: Feb 25
Changed: Aug 30
Last Checked: Aug 30 at 5:38PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of ROI Realty Services, Inc.
Investment Insights
Based on property information with market context.
High Wilson Plaza is a 10,081-square-foot mixed-use property with a single-story layout and a partial basement providing clean, dry storage space. The building dates to 1960 and includes high-quality finishes associated with newer leases.
The property is located at 1000 N. High St. in Worthington, Ohio, within an established suburban community and along a main thoroughfare described as a high-traffic area. C-3 zoning applies within the City of Worthington, supporting the property’s commercial positioning.
The property is located at 1000 N. High St. in Worthington, Ohio, within an established suburban community and along a main thoroughfare described as a high-traffic area. C-3 zoning applies within the City of Worthington, supporting the property’s commercial positioning.
Key Highlights
- 10,081 square feet of mixed‑use commercial space
- Single‑story building with a partial clean, dry basement
- Basement storage area provides additional usable space
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$106,153
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
7.08%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$2,123,060
$2.1M
Cap Rate 7%
$1,516,471
$1.5M
Cap Rate 9%
$1,179,478
$1.2M
Market Conditions
NOI Build-Up for 10,081 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$181.5K $18.00/SF
− Vacancy
−$39.9K −$3.96/SF
EGI
$141.5K $14.04/SF
− OpEx
−$35.4K −$3.51/SF
NOI
$106.2K $10.53/SF
Area
Richland County, OH
Vacancy
22.00%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$2,123,060
Cap Rate 7%
$1,516,471
Cap Rate 9%
$1,179,478
Alternative Uses
Best Use
Office B
$1.52M
$1.33M – $1.77M
NOI $106,153 @ 7.0% cap · market cap 7.08%
Second Best
Mixed Use
$1.43M
$1.25M – $1.66M
NOI $99,802 @ 7.0% cap · market cap 6.65%
Theoretical Best
Office A
$2.03M
$1.77M – $2.37M
NOI $141,973 @ 7.0% cap · market cap 9.46%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,042
Businesses Nearby
Explore this area
Business Placement
Demographics for 43085, OH
25,566
Population
10,961
Households
2.3
Avg Household Size
39
Median Age
62%
College-Educated
97%
High-School Grad
7.3 sq mi
ZIP Area
3,502
Density / Sq Mi
$112,474
Median Household Income
$63,239
Median Earnings
$1,405
Median Rent
$373,300
Median Home Value
Market
Vacancy Rate% for Office in Midwest region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Mixed-use property - C-3-zoned commercial property with partial basement storage.
Where is this mixed-use property located?
The property is located at 1000 N High St. Worthington, OH.
What is the asking price?
The asking price for this property is $1,500,000.
What are key features of this property?
This property features: 10,081 square feet of mixed‑use commercial space; Single‑story building with a partial clean, dry basement; Basement storage area provides additional usable space
