Turnkey Two-Story Office
130 East Main Street, New Albany, OH 43054
For Sale
Contact for pricing
Pending
Built in 2010 with upgraded finishes, a light-filled reception, multiple private offices, and kitchenettes across two levels.
Property Size3,200 SF
Days on Market188
Property Features for 130 East Main Street
General Information
Standard status
Size
Class
Property subtype
Occupancy
Investment Type
Building Details
Year Built
Year Renovated
Buildings
Stories
Units
Listing Agency:
Home Rounds Realty
Listed By:
Tonya Marie Swartz · License #2020005943
(614) 571-8336
Source:
Crexi
Added: May 6
Changed: Nov 7
Last Checked: Nov 8 at 6:18AM
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 Home Rounds Realty
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Investment Insights
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Built in 2010, this turnkey two-story office condominium offers an upgraded, professional setting with fresh designer paint, refinished hardwood flooring, and custom millwork throughout. A light-filled reception and waiting area with expansive storefront windows set the tone, followed by a functional first level featuring a large private executive office, an open common area suitable for bullpen or collaborative work, and an expansive conference suite. The suite also includes extensive built-in cabinetry and document storage, a full kitchenette with stainless steel appliances, an ADA-compliant first-floor restroom, multiple storage closets, and additional under-stair storage.
A dramatic staircase with glass panel architectural accents leads to the second level, where four private office suites provide additional privacy and workspace. The second floor also includes a kitchenette with a stainless steel appliance package, a convenient half bath, and a utility/storage closet with a mop sink. Completing the layout is a spacious owner’s/executive suite with a private full bath and shower.
Located at 130 E Main Street #G in New Albany, the property is positioned in the heart of New Albany’s downtown corridor, within walking distance to downtown New Albany.
A dramatic staircase with glass panel architectural accents leads to the second level, where four private office suites provide additional privacy and workspace. The second floor also includes a kitchenette with a stainless steel appliance package, a convenient half bath, and a utility/storage closet with a mop sink. Completing the layout is a spacious owner’s/executive suite with a private full bath and shower.
Located at 130 E Main Street #G in New Albany, the property is positioned in the heart of New Albany’s downtown corridor, within walking distance to downtown New Albany.
Key Highlights
- Class A two‑story office condominium with upgraded finishes, built in 2010
- Light‑filled reception and waiting area with expansive storefront windows
- First level includes a private executive office, open common/bullpen area, and an expansive conference suite
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$39,398
Cap Rate
3.03%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$787,960
$788.0K
Cap Rate 7%
$562,829
$562.8K
Cap Rate 9%
$437,756
$437.8K
Market Conditions
NOI Build-Up for 3,200 SF
Gross rent
$69.1K $21.60/SF
− Vacancy
−$16.6K −$5.18/SF
EGI
$52.5K $16.42/SF
− OpEx
−$13.1K −$4.10/SF
NOI
$39.4K $12.31/SF
Area
Franklin County, OH
Vacancy
24.00%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$787,960
Cap Rate 7%
$562,829
Cap Rate 9%
$437,756
Alternative Uses
Best Use
Office B
$562.8K
$492.5K – $656.6K
NOI $39,398 @ 7.0% cap · market cap 3.03%
Second Best
Healthcare Medical
$452.4K
$395.9K – $527.9K
NOI $31,671 @ 7.0% cap · market cap 2.44%
Theoretical Best
Specialty Retail
$652.4K
$570.8K – $761.1K
NOI $45,667 @ 7.0% cap · market cap 3.52%
Zoning and permitted uses should be independently verified with authorities.
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Location Intelligence
Trade Area within ½ mile
570
Businesses Nearby
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Business Placement
Demographics for 43054, OH
27,781
Population
11,577
Households
2.4
Avg Household Size
36
Median Age
65%
College-Educated
97%
High-School Grad
25.7 sq mi
ZIP Area
1,081
Density / Sq Mi
$139,679
Median Household Income
$75,539
Median Earnings
$1,808
Median Rent
$483,100
Median Home Value
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Market
Average Price Trend$/SF for Office Units in Franklin County, OH
Properties on Market for Office Units in Franklin County
Vacancy Rate% for Office in Midwest region
Frequently Asked Questions
What type of property is this?
Office unit - Built in 2010 with upgraded finishes, a light-filled reception, multiple private offices, and kitchenettes across two levels.
Where is this office unit located?
The property is located at 130 East Main Street New Albany, OH.
What is the asking price?
The asking price for this property is $1,299,000.
What are key features of this property?
This property features: Class A two‑story office condominium with upgraded finishes, built in 2010; Light‑filled reception and waiting area with expansive storefront windows; First level includes a private executive office, open common/bullpen area, and an expansive conference suite
