Live-Work Space with Rubber
For Sale
Contact for pricing
857 S High St, Columbus, OH 43206
Rubber roof replaced in 2023 and brand-new hardwood floors in this live-work space with upstairs living potential.
Property Size1,830 SF
Price / SF$314.21
Days on Market1055
Property Features for 857 S High St
General Information
Standard status
Active
Size
1,830 SF
Property subtype
OFFICE
Building Details
Year Renovated
2023
Listing Agency:
SVN Wilson Commercial
(614) 944-5140
Listed By:
Beth Long · License ##2004021322
(614) 256-4033
Source:
Moodyscre
Added: Oct 27, 2023
Changed: Sep 7
Last Checked: Sep 15 at 11:02AM
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 SVN Wilson Commercial
Investment Insights
Based on property information with market context.
A versatile live-work space designed to support a wide range of business uses, with the option to incorporate comfortable living space upstairs. The property’s C-4 approved uses provide flexibility for different operating concepts, including office-style and creative or professional work.
Inside, brand-new hardwood floors and freshly painted walls create a clean, modern environment ready for a business’s personal updates. In 2023, the building received an updated rubber roof designed for weather resistance and long-term durability.
With a total size of 1,830 SF at 857 S High St in Columbus, this property can be considered for businesses looking for a combined work-and-living setup while retaining the ability to operate as a dedicated commercial space.
Inside, brand-new hardwood floors and freshly painted walls create a clean, modern environment ready for a business’s personal updates. In 2023, the building received an updated rubber roof designed for weather resistance and long-term durability.
With a total size of 1,830 SF at 857 S High St in Columbus, this property can be considered for businesses looking for a combined work-and-living setup while retaining the ability to operate as a dedicated commercial space.
Key Highlights
- 1,830 SF live‑work space at 857 S High St
- Upstairs living space potential for a live‑work setup
- C‑4 approved uses for flexible business operations
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
$21,143
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
3.68%
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%
$422,860
$422.9K
Cap Rate 7%
$302,043
$302.0K
Cap Rate 9%
$234,922
$234.9K
Market Conditions
NOI Build-Up for 1,830 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
$36.2K $19.80/SF
− Vacancy
−$8.0K −$4.40/SF
EGI
$28.2K $15.40/SF
− OpEx
−$7.0K −$3.85/SF
NOI
$21.1K $11.55/SF
Area
Columbus, OH
Vacancy
22.20%
Lease Rate
$19.80 /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%
$422,860
Cap Rate 7%
$302,043
Cap Rate 9%
$234,922
Alternative Uses
Best Use
Office B
$302.0K
$264.3K – $352.4K
NOI $21,143 @ 7.0% cap · market cap 3.68%
Second Best
Mixed Use
$300.0K
$262.5K – $350.0K
NOI $20,999 @ 7.0% cap · market cap 3.65%
Theoretical Best
Office A
$381.4K
$333.7K – $445.0K
NOI $26,697 @ 7.0% cap · market cap 4.64%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,273
Businesses Nearby
Explore this area
Business Placement
Demographics for 43206, OH
21,594
Population
12,758
Households
1.7
Avg Household Size
35
Median Age
48%
College-Educated
94%
High-School Grad
3.0 sq mi
ZIP Area
7,198
Density / Sq Mi
$74,421
Median Household Income
$52,603
Median Earnings
$1,339
Median Rent
$280,400
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Columbus, OH
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Frequently Asked Questions
What type of property is this?
Live-work space - Rubber roof replaced in 2023 and brand-new hardwood floors in this live-work space with upstairs living potential.
Where is this live-work space located?
The property is located at 857 S High St Columbus, OH.
What is the asking price?
The asking price for this property is $575,000.
What are key features of this property?
This property features: 1,830 SF live‑work space at 857 S High St; Upstairs living space potential for a live‑work setup; C‑4 approved uses for flexible business operations
