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.
- Added:
- Jul 3, 2026
- Days on Market:
- 5
- Last Refresh:
- Jul 4 at 3:02 am
Property Features for 116 E Moler Street Columbus
General Information
- Standard status
- Active
- Size
- 18,941 SF
Building Details
- Year Built
- 1923
Listing office (614) 660-5959
Listing date Jul 3, 2026
Source Movenowohio
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
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
- 23‑space parking lot included
- 0.33‑acre lot with public water source
Overview
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.
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 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Columbus
- County
- Delaware
- State
- Ohio
- Longitude
- -82.992756
- Latitude
- 39.9351674