Corner Retail with On-Site
For Sale
$460,000
1069 W Broad Street, Columbus, OH 43222
Corner retail property with on-site parking and UTC commercial zoning for retail, service, or creative office use.
Property Size2,322 SF
Price / SF$198.11
Days on Market336
Property Features for 1069 W Broad Street
General Information
Standard status
Active
Size
2,322 SF
Property subtype
Retail
Zoning
UTC
Taxes and HOA fees
Annual Taxes
$11,763
Amenities
on-site parking
Building Details
Building Size
2,322 SF
Year Built
1900
Listing Agency:
NAI Ohio Equities, Realtors
(614) 595-2752
Listed By:
Charles Boggs · License #2023003870
(614) 595-2752
Source:
Camtaylor
Added: Sep 23, 2025
Changed: Aug 23
Last Checked: Aug 23 at 8:03AM
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 NAI Ohio Equities, Realtors
Investment Insights
Based on property information with market context.
This corner retail property is offered for sale and is positioned to support an owner-user or investment approach. The building includes on-site parking and is described as having strong traffic exposure. It is also identified as being in UTC commercial zoning, which can make it a practical fit for retail, service-based business uses, or creative office use.
The property is located in Columbus, Ohio, on W Broad St, and is described as being just blocks from major developments and minutes from downtown Columbus. The corner configuration and parking availability are key attributes for tenants and operators evaluating a retail or flexible commercial use in the Franklinton area.
The property is located in Columbus, Ohio, on W Broad St, and is described as being just blocks from major developments and minutes from downtown Columbus. The corner configuration and parking availability are key attributes for tenants and operators evaluating a retail or flexible commercial use in the Franklinton area.
Key Highlights
- 2,322 SF corner retail property with on‑site parking
- UTC commercial zoning supports retail, service‑based business, or creative office use
- Corner location provides high traffic exposure
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
$26,770
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
5.82%
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%
$535,400
$535.4K
Cap Rate 7%
$382,429
$382.4K
Cap Rate 9%
$297,444
$297.4K
Market Conditions
NOI Build-Up for 2,322 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
$41.8K $18.00/SF
− Vacancy
−$3.6K −$1.53/SF
EGI
$38.2K $16.47/SF
− OpEx
−$11.5K −$4.94/SF
NOI
$26.8K $11.53/SF
Area
Columbus, OH
Vacancy
8.50%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
30.00%
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%
$535,400
Cap Rate 7%
$382,429
Cap Rate 9%
$297,444
Alternative Uses
Best Use
Retail
$382.4K
$334.6K – $446.2K
NOI $26,770 @ 7.0% cap · market cap 5.82%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$483.9K
$423.4K – $564.6K
NOI $33,874 @ 7.0% cap · market cap 7.36%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,191
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 43222, OH
4,124
Population
2,311
Households
1.8
Avg Household Size
34
Median Age
16%
College-Educated
73%
High-School Grad
1.4 sq mi
ZIP Area
2,946
Density / Sq Mi
$36,440
Median Earnings
$752
Median Rent
$215,900
Median Home Value
Market
Vacancy Rate% for Retail 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?
Storefront property - Corner retail property with on-site parking and UTC commercial zoning for retail, service, or creative office use.
Where is this storefront property located?
The property is located at 1069 W Broad Street Columbus, OH.
What is the asking price?
The asking price for this property is $460,000.
What are key features of this property?
This property features: 2,322 SF corner retail property with on‑site parking; UTC commercial zoning supports retail, service‑based business, or creative office use; Corner location provides high traffic exposure
