Turnkey Two-Story Office
For Sale
Contact for pricing
Pending
130 East Main Street, New Albany, OH 43054
Built in 2010 with upgraded finishes, a light-filled reception, multiple private offices, and kitchenettes across two levels.
Property Size3,200 SF
Days on Market140
Property Features for 130 East Main Street
General Information
Standard status
Pending
Size
3,200 SF
Class
A
Property subtype
Office, Mixed Use
Occupancy
100%
Investment Type
Owner/User
Building Details
Year Built
2006
Year Renovated
2010
Buildings
2
Stories
2
Units
12
Listing Agency:
Home Rounds Realty
Listed By:
Tonya Marie Swartz · License #2020005943
(614) 571-8336
Source:
Crexi
Added: May 6
Changed: Sep 20
Last Checked: Sep 21 at 5:49AM
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
Investment Insights
Based on property information with market context.
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 = 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
$39,398
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
3.03%
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%
$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
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
$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 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%
$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.
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
570
Businesses Nearby
Explore this area
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Office in Midwest region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Office units - Built in 2010 with upgraded finishes, a light-filled reception, multiple private offices, and kitchenettes across two levels.
Where is this office units 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
