Corner Storefront
For Sale
$499,900
1154 S High Street, Columbus, OH 43206
Commercial zoning and a flexible vanilla-box interior support a range of retail configurations.
Property Size3,012 SF
Price / SF$165.97
Days on Market202
Property Features for 1154 S High Street
General Information
Standard status
Active
Size
3,012 SF
Property subtype
Commercial
Zoning
Commercial
Additional Details
Corner Location
Yes
Taxes and HOA fees
Annual Taxes
$5,193
Amenities
vanilla box layout
three half baths
one full bath with washer/dryer
garage bay
Building Details
Building Size
3,012 SF
Year Built
1937
Construction
brick and concrete block
Listing Agency:
Coldwell Banker Realty
(614) 738-1511
Listed By:
Victoria L Rossi · License #2013000597
(614) 738-1511
Source:
Carolgoffrealestate
Added: Feb 10
Changed: Aug 30
Last Checked: Aug 30 at 11:44PM
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 Coldwell Banker Realty
Investment Insights
Based on property information with market context.
Positioned at 1154 S High Street in Columbus, Ohio, this storefront property combines a classic brick and concrete block exterior with a clay roof. Built in 1937, the building contains 3,012 SF and offers a vanilla-box interior that can be adapted to a new retail concept. The layout includes three half baths, one full bath with a washer and dryer, and a garage bay.
The property occupies a corner setting and includes 2,200 SF of asphalt parking. Commercial zoning supports its retail classification, while the existing restroom configuration, service area, and open interior provide a practical foundation for customization.
The property occupies a corner setting and includes 2,200 SF of asphalt parking. Commercial zoning supports its retail classification, while the existing restroom configuration, service area, and open interior provide a practical foundation for customization.
Key Highlights
- 3,012 SF storefront property built in 1937
- 2,200 SF of asphalt parking on a corner setting
- Brick and concrete block exterior with clay roof
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
$34,725
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
6.95%
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%
$694,500
$694.5K
Cap Rate 7%
$496,071
$496.1K
Cap Rate 9%
$385,833
$385.8K
Market Conditions
NOI Build-Up for 3,012 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
$54.2K $18.00/SF
− Vacancy
−$4.6K −$1.53/SF
EGI
$49.6K $16.47/SF
− OpEx
−$14.9K −$4.94/SF
NOI
$34.7K $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%
$694,500
Cap Rate 7%
$496,071
Cap Rate 9%
$385,833
Alternative Uses
Best Use
Retail
$496.1K
$434.1K – $578.8K
NOI $34,725 @ 7.0% cap · market cap 6.95%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$627.7K
$549.3K – $732.3K
NOI $43,940 @ 7.0% cap · market cap 8.79%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
937
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 43206, OH
21,594
Population
12,758
Households
1.7
Avg Household Size
35
Median Age
48%
College-Educated
94%
High-School Grad
3.0 sq mi
ZIP Area
7,198
Density / Sq Mi
$74,421
Median Household Income
$52,603
Median Earnings
$1,339
Median Rent
$280,400
Median Home Value
Market
Vacancy Rate% for Retail in Columbus, OH
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Storefront property - Commercial zoning and a flexible vanilla-box interior support a range of retail configurations.
Where is this storefront property located?
The property is located at 1154 S High Street Columbus, OH.
What is the asking price?
The asking price for this property is $499,900.
What are key features of this property?
This property features: 3,012 SF storefront property built in 1937; 2,200 SF of asphalt parking on a corner setting; Brick and concrete block exterior with clay roof
