First-Floor Office
New
For Sale
$350,000
1151 Bethel Road 103B, Columbus, OH 43220
The layout combines a private office, meeting area, reception space, and storage room.
Property Size1,363 SF
Days on Market4
Property Features for 1151 Bethel Road 103B
General Information
Standard status
Active
Size
1,363 SF
Property subtype
Mixed Use
Additional Details
Floor
First Floor
Highway Access
Yes
Taxes and HOA fees
Annual Taxes
$6,136
Building Details
Building Size
1,363 SF
Year Built
1999
Listing Agency:
Red 1 Realty
Listed By:
Sonmin Kim · License #2015005584
(614) 787-1284
Source:
Rollsrealty
Added: Oct 19
Changed: Oct 21
Last Checked: Oct 21 at 2:26AM
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 Red 1 Realty
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 office suite occupies the building’s first floor and includes a private office, a conference or meeting area, reception space, and a storage room. Recent updates include new flooring and fresh paint. The property was built in 1999, and the suite is positioned on the south side of the building.
Surface parking is available for visitors and staff. The property is approximately a quarter-mile from SR-315, with hospitals, a university, and dining options nearby.
Surface parking is available for visitors and staff. The property is approximately a quarter-mile from SR-315, with hospitals, a university, and dining options nearby.
Key Highlights
- First‑floor office suite on the building’s south side
- Private office, conference or meeting area, reception space, and storage room
- Updated with new flooring and fresh paint
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$15,747
Cap Rate
4.50%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$314,940
$314.9K
Cap Rate 7%
$224,957
$225.0K
Cap Rate 9%
$174,967
$175.0K
Market Conditions
NOI Build-Up for 1,363 SF
Gross rent
$27.0K $19.80/SF
− Vacancy
−$6.0K −$4.40/SF
EGI
$21.0K $15.40/SF
− OpEx
−$5.2K −$3.85/SF
NOI
$15.7K $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%
$314,940
Cap Rate 7%
$224,957
Cap Rate 9%
$174,967
Alternative Uses
Best Use
Office B
$225.0K
$196.8K – $262.5K
NOI $15,747 @ 7.0% cap · market cap 4.50%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$284.1K
$248.6K – $331.4K
NOI $19,884 @ 7.0% cap · market cap 5.68%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,046
Businesses Nearby
Explore this area
Business Placement
Demographics for 43220, OH
27,736
Population
14,157
Households
2
Avg Household Size
37
Median Age
63%
College-Educated
96%
High-School Grad
6.6 sq mi
ZIP Area
4,202
Density / Sq Mi
$77,090
Median Household Income
$49,863
Median Earnings
$1,202
Median Rent
$463,200
Median Home Value
Market
Vacancy Rate% for Office in Columbus, OH
Frequently Asked Questions
What type of property is this?
Office unit - The layout combines a private office, meeting area, reception space, and storage room.
Where is this office unit located?
The property is located at 1151 Bethel Road 103B Columbus, OH.
What is the asking price?
The asking price for this property is $350,000.
What are key features of this property?
This property features: First‑floor office suite on the building’s south side; Private office, conference or meeting area, reception space, and storage room; Updated with new flooring and fresh paint
