Mixed-Use Building with
For Sale
$1,600,000
1555 N 4th Street Columbus, Columbus, OH 43201
Fully occupied mixed-use building offers 3 commercial units and 6 residential units.
Property Size15,508 SF
Price / SF$103.17
Days on Market48
Property Features for 1555 N 4th Street Columbus
General Information
Standard status
Active
Size
15,508 SF
Occupancy
100%
Net Operating Income
$128,483
Additional Details
Multifamily Units
6
Taxes and HOA fees
Annual Taxes
$11,382
Amenities
No
0.16
15508.0
Building Details
Building Size
15,508 SF
Year Built
1920
Stories
2
Listing Agency:
(614) 660-5959
Listed By:
John Stomps
(614) 660-5959
Source:
Movenowohio
Added: Jul 5
Changed: Aug 7
Last Checked: Aug 21 at 3:53AM
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 John Stomps
Investment Insights
Based on property information with market context.
This mixed-use building includes 3 commercial units and 6 residential units and is currently fully occupied. The building is submetered, which supports separate measurement for the units.
The property is located in Columbus, Ohio’s University District. The entire building is tax abated through 2029.
For sale as an income-producing, submetered mixed-use asset with both commercial and residential components already in place.
The property is located in Columbus, Ohio’s University District. The entire building is tax abated through 2029.
For sale as an income-producing, submetered mixed-use asset with both commercial and residential components already in place.
Key Highlights
- Fully occupied mixed‑use building with 3 commercial units and 6 residential units
- Located in the University District of Columbus, Ohio
- Entire building is submetered and tax abated through 2029
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
$106,227
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
6.64%
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%
$2,124,540
$2.1M
Cap Rate 7%
$1,517,529
$1.5M
Cap Rate 9%
$1,180,300
$1.2M
Market Conditions
NOI Build-Up for 15,508 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
$206.6K $13.32/SF
− Vacancy
−$13.4K −$0.87/SF
EGI
$193.1K $12.45/SF
− OpEx
−$86.9K −$5.60/SF
NOI
$106.2K $6.85/SF
Area
Columbus, OH
Vacancy
6.50%
Lease Rate
$13.32 /SF/Yr
Expense Ratio
45.00%
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%
$2,124,540
Cap Rate 7%
$1,517,529
Cap Rate 9%
$1,180,300
Alternative Uses
Best Use
Retail
$2.55M
$2.23M – $2.98M
NOI $178,792 @ 7.0% cap · market cap 11.17%
Second Best
Apartment 5plus
$1.52M
$1.33M – $1.77M
NOI $106,227 @ 7.0% cap · market cap 6.64%
Theoretical Best
Office A
$3.23M
$2.83M – $3.77M
NOI $226,236 @ 7.0% cap · market cap 14.14%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
6
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
1,429
Businesses Nearby
Explore this area
Business Placement
Demographics for 43201, OH
37,528
Population
17,484
Households
2.1
Avg Household Size
26
Median Age
65%
College-Educated
95%
High-School Grad
3.1 sq mi
ZIP Area
12,106
Density / Sq Mi
$43,451
Median Household Income
$21,792
Median Earnings
$1,299
Median Rent
$438,300
Median Home Value
Market
Vacancy Rate% for Multifamily in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - Fully occupied mixed-use building offers 3 commercial units and 6 residential units.
Where is this apartment building located?
The property is located at 1555 N 4th Street Columbus Columbus, OH.
What is the asking price?
The asking price for this property is $1,600,000.
What are key features of this property?
This property features: Fully occupied mixed‑use building with 3 commercial units and 6 residential units; Located in the University District of Columbus, Ohio; Entire building is submetered and tax abated through 2029
