Renovated Multi-Floor Office
For Sale
Contact for pricing
1015 E Broad St, Columbus, OH 43205
Renovated office building with heavy build-out, restrooms and kitchenettes on each floor, and secured access.
Property Size12,000 SF
Price / SF$132.92
Days on Market630
Property Features for 1015 E Broad St
General Information
Standard status
Active
Size
12,000 SF
Total Parking Spaces
40
Property subtype
OFFICE
Amenities
restrooms
kitchenettes
secured vestibule
key fob access
cameras
intercom with remote access
bus line
Listing Agency:
Alterra Real Estate Advisors
(614) 327-4366
Listed By:
Brad L Kitchen, SIOR
(614) 327-4366
Source:
Moodyscre
Added: Nov 7, 2024
Changed: Jul 27
Last Checked: Jul 29 at 12:14PM
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 Alterra Real Estate Advisors
Investment Insights
Based on property information with market context.
This renovated office building features a heavy office build-out with restrooms and kitchenettes on each floor. The property includes updates such as two new HVAC units, a new gutter system, and access control. A secure entry is in place with a secured vestibule, key fob access, cameras, and an intercom offering remote access capability.
Located on East Broad Street just outside Downtown Columbus in Olde Town East, the building sits directly on the bus line. The property provides 40 parking spaces.
With a layout that can support multi-tenant occupancy, the building offers flexibility for owner-occupant or investment use.
Located on East Broad Street just outside Downtown Columbus in Olde Town East, the building sits directly on the bus line. The property provides 40 parking spaces.
With a layout that can support multi-tenant occupancy, the building offers flexibility for owner-occupant or investment use.
Key Highlights
- Renovated office building with heavy office build‑out, including restrooms and kitchenettes on each floor
- Secure building features secured vestibule, key fob access, cameras, and intercom with remote access capability
- Interior renovations include 2 new HVAC units, a new gutter system, and access control
Financial Insights For Office B
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 | $237.6k | $19.80 |
| − Vacancy | −$52.7k | −$4.40 |
| EGI | $184.9k | $15.40 |
| − OpEx | −$46.2k | −$3.85 |
| NOI | $138.6k | $11.55 |
12,000 SF · lease $19.80/SF/yr · vacancy 22.20% · expense 25.00%
Alternative Uses
Best Use
Office B
$1.98M
$1.73M – $2.31M
NOI $138,640 @ 7.0% cap · market cap 8.69%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.50M
$2.19M – $2.92M
NOI $175,060 @ 7.0% cap · market cap 10.98%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
3,219
Businesses Nearby
Explore this area
Business Placement
Demographics for 43205, OH
12,044
Population
7,303
Households
1.6
Avg Household Size
35
Median Age
41%
College-Educated
89%
High-School Grad
2.4 sq mi
ZIP Area
5,018
Density / Sq Mi
$54,214
Median Household Income
$41,219
Median Earnings
$1,050
Median Rent
$290,800
Median Home Value
Market
Vacancy Rate% for Office in Columbus, OH
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office building - Renovated office building with heavy build-out, restrooms and kitchenettes on each floor, and secured access.
Where is this office building located?
The property is located at 1015 E Broad St Columbus, OH.
What is the asking price?
The asking price for this property is $1,595,000.
What are key features of this property?
This property features: Renovated office building with heavy office build‑out, including restrooms and kitchenettes on each floor; Secure building features secured vestibule, key fob access, cameras, and intercom with remote access capability; Interior renovations include 2 new HVAC units, a new gutter system, and access control
