Multi-Unit Street Retail
116 E Moler Street Columbus Columbus, OH 43207
116 E Moler Street Columbus, Columbus, OH, 43207
$4,100,000
For Sale
$4,100,000
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$216.46
Days on Market15
Property Features for 116 E Moler Street Columbus
General Information
- Standard status
- Active
- Size
- 18,941 SF
Building Details
- Year Built
- 1923
Listing Agency
(614) 660-5959
Listed by
Joe Herban
(614) 660-5959
Source
Movenowohio
Added: Jul 3 Checked: Jul 15 at 2:14 pm
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 Joe Herban
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
Local Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $413.7k | $21.84 |
| − Vacancy | −$99.3k | −$5.24 |
| EGI | $314.4k | $16.60 |
| − OpEx | −$94.3k | −$4.98 |
| NOI | $220.1k | $11.62 |
18,941 SF · lease $21.84/SF/yr · vacancy 24.00% · expense 30.00%
Alternative Uses
Best Use
Retail
$3.14M
$2.75M – $3.67M
NOI $220,073 @ 7.0% cap · market cap 5.37%
Second Best
—
—
no second resolved use
Theoretical Best
Warehouse
$3.82M
$3.34M – $4.45M
NOI $267,232 @ 7.0% cap · market cap 6.52%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Jennings Java Artisan ...
Cafe & Coffee Shop
Isla
Restaurant
Jennings Java Coffee ...
Cafe & Coffee Shop
The Well Center for Movement ...
Training Center
The Well
Training Center
Similar For Sale Nearby
FAQs
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 $4,100,000.
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
