Office
New
For Sale
$1,450,000
104 N Murray Hill Rd., Columbus, OH 43228
The property is intended for office and medical professional use.
Property Size11,065 SF
Price / SF$131.04
Days on Market1
Property Features for 104 N Murray Hill Rd.
General Information
Standard status
Active
Size
11,065 SF
Class
C
Property subtype
Office
Zoning
SO
Building Details
Building Size
11,065 SF
Year Built
1987
Buildings
1
Listed By:
Jackson N. Pulliam, SIOR
(614) 285-7234
Source:
Alterrare
Added: Oct 7
Last Checked: Oct 7 at 2:37PM
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 Jackson N. Pulliam, SIOR
Investment Insights
Based on property information with market context.
Located at 104 N Murray Hill Rd. in Columbus, Ohio, this office building contains 11,065 square feet. Constructed in 1987, the property carries SO zoning and is described for office and medical professional use.
Key Highlights
- 11,065 SF office building
- Constructed in 1987
- Zoned SO
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$110,539
Cap Rate
7.62%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,210,780
$2.2M
Cap Rate 7%
$1,579,129
$1.6M
Cap Rate 9%
$1,228,211
$1.2M
Market Conditions
NOI Build-Up for 11,065 SF
Gross rent
$199.2K $18.00/SF
− Vacancy
−$51.8K −$4.68/SF
EGI
$147.4K $13.32/SF
− OpEx
−$36.8K −$3.33/SF
NOI
$110.5K $9.99/SF
Area
ZIP 43228
Vacancy
26.00%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,210,780
Cap Rate 7%
$1,579,129
Cap Rate 9%
$1,228,211
Alternative Uses
Best Use
Office B
$1.58M
$1.38M – $1.84M
NOI $110,539 @ 7.0% cap · market cap 7.62%
Second Best
—
—
no second resolved use
Theoretical Best
Warehouse
$2.36M
$2.06M – $2.75M
NOI $164,910 @ 7.0% cap · market cap 11.37%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,130
Businesses Nearby
Explore this area
Business Placement
Demographics for 43228, OH
58,465
Population
25,623
Households
2.3
Avg Household Size
32
Median Age
26%
College-Educated
86%
High-School Grad
19.9 sq mi
ZIP Area
2,938
Density / Sq Mi
$60,895
Median Household Income
$40,211
Median Earnings
$1,169
Median Rent
$204,000
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
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Office building - The property is intended for office and medical professional use.
Where is this office building located?
The property is located at 104 N Murray Hill Rd. Columbus, OH.
What is the asking price?
The asking price for this property is $1,450,000.
What are key features of this property?
This property features: 11,065 SF office building; Constructed in 1987; Zoned SO
