Multi-Unit Street Retail
For Sale
$3,750,000
116 E Moler Street Columbus, Columbus, OH 43207
Four-unit retail building with renovated updates and NNN leases, plus a finish-ready basement and 23-space parking lot.
Property Size18,941 SF
Price / SF$197.98
Days on Market120
Property Features for 116 E Moler Street Columbus
General Information
Standard status
Active
Size
18,941 SF
Total Parking Spaces
23
Occupancy
100%
Net Operating Income
$289,250
Site & Location
Neighborhood
Reeb-Hosack
Taxes and HOA fees
Annual Taxes
$15,810
Amenities
No
Public
0.33
23.0
18941.0
Building Details
Building Size
18,941 SF
Year Built
1923
Year Renovated
2023
Stories
2
Tenancy
Multi
Listed By:
Penny Ray
(614) 660-5959
Source:
Movenowohio
Added: Jul 3
Changed: Oct 29
Last Checked: Oct 7 at 9:51AM
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 Penny Ray
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Investment Insights
Based on property information with market context.
This retail street property was built in 1923 and renovated in 2023. The building is configured as four separate units and is currently operating with 100% occupancy under NNN lease structures. In addition to the existing spaces, there is a finish-ready basement area with HVAC and plumbing already in place, providing an in-building option for future use or expansion of leasable area. Outside, the property includes a 23-space parking lot.
The property is offered for sale in Columbus, Ohio. It is presented as an NNN investment with a multi-unit retail setup designed for retail/street retail investors seeking a straightforward operating format.
From a tenant or operator standpoint, the building’s NNN lease structure and established unit configuration may align well with retail operators looking for a commercial space that is already packaged for investor ownership. The basement’s HVAC and plumbing-in-place condition can also be relevant for prospective tenants or buyers considering how to maximize the building’s usable footprint, subject to applicable approvals and final build-out plans.
The property is offered for sale in Columbus, Ohio. It is presented as an NNN investment with a multi-unit retail setup designed for retail/street retail investors seeking a straightforward operating format.
From a tenant or operator standpoint, the building’s NNN lease structure and established unit configuration may align well with retail operators looking for a commercial space that is already packaged for investor ownership. The basement’s HVAC and plumbing-in-place condition can also be relevant for prospective tenants or buyers considering how to maximize the building’s usable footprint, subject to applicable approvals and final build-out plans.
Key Highlights
- 18,941 SF four‑unit retail building built in 1923 and renovated in 2023
- 100% occupancy with NNN leases in place
- Finish‑ready basement space with HVAC and plumbing in place
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$220,073
Cap Rate
5.87%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,401,460
$4.4M
Cap Rate 7%
$3,143,900
$3.1M
Cap Rate 9%
$2,445,256
$2.4M
Market Conditions
NOI Build-Up for 18,941 SF
Gross rent
$413.7K $21.84/SF
− Vacancy
−$99.3K −$5.24/SF
EGI
$314.4K $16.60/SF
− OpEx
−$94.3K −$4.98/SF
NOI
$220.1K $11.62/SF
Area
ZIP 43207
Vacancy
24.00%
Lease Rate
$21.84 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,401,460
Cap Rate 7%
$3,143,900
Cap Rate 9%
$2,445,256
Alternative Uses
Best Use
Retail
$3.14M
$2.75M – $3.67M
NOI $220,073 @ 7.0% cap · market cap 5.87%
Second Best
—
—
no second resolved use
Theoretical Best
Warehouse
$3.82M
$3.34M – $4.45M
NOI $267,232 @ 7.0% cap · market cap 7.13%
Zoning and permitted uses should be independently verified with authorities.
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Who owns this building?
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Open Analytics
Current Use
Lease Details
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,018
Businesses Nearby
Explore this area
Business Placement
Demographics for 43207, OH
46,853
Population
21,242
Households
2.2
Avg Household Size
38
Median Age
16%
College-Educated
85%
High-School Grad
23.1 sq mi
ZIP Area
2,028
Density / Sq Mi
$61,307
Median Household Income
$40,037
Median Earnings
$1,115
Median Rent
$156,200
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in Columbus, OH
Frequently Asked Questions
What type of property is this?
Retail space - Four-unit retail building with renovated updates and NNN leases, plus a finish-ready basement and 23-space parking lot.
Where is this retail space located?
The property is located at 116 E Moler Street Columbus Columbus, OH.
What is the asking price?
The asking price for this property is $3,750,000.
What are key features of this property?
This property features: 18,941 SF four‑unit retail building built in 1923 and renovated in 2023; 100% occupancy with NNN leases in place; Finish‑ready basement space with HVAC and plumbing in place
