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Renovated Retail Building with Parking

106-116 E Moler St Columbus, OH 43207

106-116 E Moler St, Columbus, OH, 43207
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Four-unit retail building in Columbus, Ohio, renovated in 2023.

Property Size18,941 SF
Price / SF$229.66
AddedMay 8
Days on Market70
Last RefreshJul 15 at 7:49 pm

Property Features for 106-116 E Moler St

General Information

Standard status
Active
Size
18,941 SF
Property subtype
RETAIL

Listing office Verti Commercial Real Estate L

Listing date May 8, 2026

Source Moodyscre

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 Verti Commercial Real Estate L


Investment Insights

Based on property information with market context.

This property, located in Columbus, Ohio, presents an investment opportunity. Constructed in 1923 and renovated in 2023, the 18,941 square foot building features four units. The property is currently 100% occupied with NNN leases, making it suitable for retail investors. The property includes a finish-ready basement space with HVAC and plumbing already in place. There is also a 23-space parking lot that offers opportunities for monetization through re-zoning and development, potentially adding value to the asset. The building combines historic charm with contemporary appeal and has a strong leasing history.

Key Highlights

  • 100% Occupancy with NNN Leases provides immediate and stable income.
  • Renovated in 2023, combining historic charm with modern functionality.
  • Value‑add potential with finish‑ready basement space, HVAC and plumbing in place.

Local Financial Insights For Retail

Simulate Cap Rate and NOI

NOI Build-Up
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.

Component $ $/SF
Gross rent $413.7k $21.84
− Vacancy −$99.3k −$5.24
EGI $314.4k $16.60
− OpEx −$94.3k −$4.98
NOI $220.1k $11.62
18,941 SF · lease $21.84/SF/yr · vacancy 24.00% · expense 30.00%

Alternative Uses

Best Use
Retail
$3.14M
$2.75M – $3.67M (±1% cap)
NOI $220,073 @ 7.0% cap · market cap 5.06%
Second Best
Industrial
$3.14M
$2.75M – $3.67M (±1% cap)
NOI $220,073 @ 7.0% cap · market cap 5.06%
Theoretical Best
Warehouse
$3.82M
$3.34M – $4.45M (±1% cap)
NOI $267,232 @ 7.0% cap · market cap 6.14%
Zoning and permitted uses should be independently verified with local authorities.

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

Retail space

Suggested Use

Parking Lot & Garage Grocery & Convenience Store Electrical Service Real Estate Agency Computer & Electronic Repair (Bike/Boat/Book/etc) Store Kitchen & Bath Showroom Food Market Tech Support Center Pharmacy

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

FAQs

What type of property is this?
Retail space - Four-unit retail building in Columbus, Ohio, renovated in 2023.
Where is this retail space located?
The property is located at 106-116 E Moler St Columbus, OH.
What is the asking price?
The asking price for this property is $4,350,000.
What are key features of this property?
This property features: 100% Occupancy with NNN Leases provides immediate and stable income.; Renovated in 2023, combining historic charm with modern functionality.; Value‑add potential with finish‑ready basement space, HVAC and plumbing in place.
Contact an agent
(614) 600-7273 Call to check price and availability
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