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    1110 Morse Road Columbus, OH 43229

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    For Lease
    $692/Mo $0.36 SF/Yr (calc)

    COMMERCIAL - Columbus, OH

    Type:Office
    Property size:
    23,256 SF
    Lot size:
    0.98 Acres
    Added:
    Jul 1, 2025
    Days on Market:
    302
    Last Refresh:
    Apr 28 at 4:06 pm

    Property Features for 1110 Morse Road

    General Information

    Property type
    Commercial Lease
    Property subtype
    Office
    Standard status
    Active
    APN
    010-013470
    Size
    23,256 SF
    Lot size
    0.98 Acres

    Taxes and HOA fees

    Tax Year
    2024
    Tax Annual Amount
    28455

    Building Details

    Year built
    1966
    Floors in Building
    1

    We can help!

    Listing Contact
    Patrick T Larrimer
    Patrick T Larrimer

    Listing agent Patrick T Larrimer License #2015000714

    Listing office Real Estate Opportunity 2246 S Hamilton Rd., #101, Columbus, OH

    Listing date Jul 1, 2025

    MLS# 225024130

    Copyright © 2026 Columbus and Central Ohio Multiple Listing Service. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Renovated Office & Retail Suites

    Located in Columbus, OH, 1110 Morse Rd is a renovated four-story commercial office building offering flexible leasing options. Situated in an active Community Activity Center (CAC) zoning district, the multi-tenant property provides a range of suites suitable for office, healthcare, salon, wellness, and boutique retail users, among other options. Lease options range from approximately 200 square feet up to a full-floor suite. The building is ADA-accessible with an elevator, modern HVAC systems, and a new TPO roof installed in 2024. The property has over 35,000 vehicles per day on Morse Rd and 74-78 on-site shared surface parking spaces, providing a ratio of 3.1 spaces per 1,000 square feet. The CAC zoning allows for a wide range of uses, including professional services, medical, salon/spa, education, retail, and institutional purposes. Existing tenants include professional offices and salon suite users. Select suites feature existing plumbing infrastructure, suitable for salon or medical use. The building includes three above-grade floors plus a partial lower level, with ceiling heights of approximately 10 feet slab-to-slab. The property size is 23,256 square feet, situated on a lot of 0.98 acres.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Anioma Association of Nigeria ... Anime Club Loft of Luxe Hair Salon Legacy Home Health ... Home Health Care Service Jama & Sulud Home ... Home Health Care Service Providence Home Health ... Home Health Care Service

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Pharmacy

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

    Location Insight

    • Map
    • Local Demand
    City
    Columbus
    County
    Delaware
    State
    Ohio
    Longitude
    -82.989446
    Latitude
    40.062001

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    FAQs

    What type of property is this?
    Office units - Versatile commercial building with flexible leasing options in Columbus, OH.
    Where is this office units located?
    The property is located at 1110 Morse Road Columbus, OH.
    What is the lease rate?
    The lease rate is $692 /Mo.
    What are key features of this property?
    This property features: Fully renovated, four‑story commercial office building.; Prime location with high traffic exposure (35,000 vehicles/day) on Morse Rd and ample parking (74‑78 spaces, 3.1/1,000 SF ratio).; Flexible suite sizes available, ranging from approximately 200 SF to full‑floor, suitable for various business needs.
    (614) 746-5602
    We can help!
    Listing Contact
    Patrick T Larrimer
    Patrick T Larrimer
    Real Estate License ID: 2015000714
    Learn More
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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