Renovated Multi-Floor Office
For Sale
Contact for pricing
1015 E Broad St, Columbus, OH 43205
Renovated office building with heavy build-out, restrooms and kitchenettes on each floor, and secured access.
Property Size12,000 SF
Price / SF$132.92
Days on Market723
Property Features for 1015 E Broad St
General Information
Standard status
Active
Size
12,000 SF
Total Parking Spaces
40
Property subtype
OFFICE
Site & Location
Neighborhood
Near East
Amenities
restrooms
kitchenettes
secured vestibule
key fob access
cameras
intercom with remote access
bus line
Listing Agency:
Alterra Real Estate Advisors
(380) 204-7784
Listed By:
Brad L Kitchen, SIOR
(614) 327-4366
Source:
Moodyscre
Added: Nov 7, 2024
Changed: Oct 25
Last Checked: Oct 30 at 4:18PM
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 Alterra Real Estate Advisors
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This renovated office building features a heavy office build-out with restrooms and kitchenettes on each floor. The property includes updates such as two new HVAC units, a new gutter system, and access control. A secure entry is in place with a secured vestibule, key fob access, cameras, and an intercom offering remote access capability.
Located on East Broad Street just outside Downtown Columbus in Olde Town East, the building sits directly on the bus line. The property provides 40 parking spaces.
With a layout that can support multi-tenant occupancy, the building offers flexibility for owner-occupant or investment use.
Located on East Broad Street just outside Downtown Columbus in Olde Town East, the building sits directly on the bus line. The property provides 40 parking spaces.
With a layout that can support multi-tenant occupancy, the building offers flexibility for owner-occupant or investment use.
Key Highlights
- Renovated office building with heavy office build‑out, including restrooms and kitchenettes on each floor
- Secure building features secured vestibule, key fob access, cameras, and intercom with remote access capability
- Interior renovations include 2 new HVAC units, a new gutter system, and access control
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$138,640
Cap Rate
8.69%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,772,800
$2.8M
Cap Rate 7%
$1,980,571
$2.0M
Cap Rate 9%
$1,540,444
$1.5M
Market Conditions
NOI Build-Up for 12,000 SF
Gross rent
$237.6K $19.80/SF
− Vacancy
−$52.7K −$4.40/SF
EGI
$184.9K $15.40/SF
− OpEx
−$46.2K −$3.85/SF
NOI
$138.6K $11.55/SF
Area
Columbus, OH
Vacancy
22.20%
Lease Rate
$19.80 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,772,800
Cap Rate 7%
$1,980,571
Cap Rate 9%
$1,540,444
Alternative Uses
Best Use
Office B
$1.98M
$1.73M – $2.31M
NOI $138,640 @ 7.0% cap · market cap 8.69%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.50M
$2.19M – $2.92M
NOI $175,060 @ 7.0% cap · market cap 10.98%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,745
Businesses Nearby
Explore this area
Business Placement
Demographics for 43205, OH
12,044
Population
7,303
Households
1.6
Avg Household Size
35
Median Age
41%
College-Educated
89%
High-School Grad
2.4 sq mi
ZIP Area
5,018
Density / Sq Mi
$54,214
Median Household Income
$41,219
Median Earnings
$1,050
Median Rent
$290,800
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Office in Columbus, OH
Frequently Asked Questions
What type of property is this?
Office building - Renovated office building with heavy build-out, restrooms and kitchenettes on each floor, and secured access.
Where is this office building located?
The property is located at 1015 E Broad St Columbus, OH.
What is the asking price?
The asking price for this property is $1,595,000.
What are key features of this property?
This property features: Renovated office building with heavy office build‑out, including restrooms and kitchenettes on each floor; Secure building features secured vestibule, key fob access, cameras, and intercom with remote access capability; Interior renovations include 2 new HVAC units, a new gutter system, and access control
