Retail/Industrial Space in
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1328 West Broad Street, Columbus, OH
2,981 SF retail/industrial space for sale or lease.
Property Size2,981 SF
Lot Size0.26 Acres
Price / SF$95.57
Days on Market339
Property Features for 1328 West Broad Street
General Information
Standard status
Active
Size
2,981 SF
Lot size
0.26 Acres
Property subtype
RETAIL
Lease Type
Modified Gross
Properties For Sale
at 1328 West Broad Street Contact us- Size
- 2,981 SF
- Type
- RETAIL
- Lease Type
- MODIFIED_GROSS
- Availability
- AVAILABLE, Now
1328 West Broad Street
· ± 2,981 SF retail/industrial space for sale or lease.
· New Roof, 3-Phase Power,...
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Listing Agency:
Best Corporate Real Estate
Listed By:
James Mangas · License #2002005957
(614) 559-3350
Source:
Moodyscre
Added: Oct 3, 2025
Changed: Aug 8
Last Checked: Sep 5 at 4:07PM
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 Best Corporate Real Estate
Investment Insights
Based on property information with market context.
This property offers approximately 2,981 square feet of retail or industrial space, situated on approximately 0.2561 acres. It features a new roof, 3-phase power, and a 10-foot overhead door. There are 13 or more parking spaces available. The property is located in the Franklinton area and can be combined with the adjacent property at 1338 W Broad Street to create a total area of approximately 0.387 acres.
Key Highlights
- Located in booming Franklinton
- New Roof
- 3‑Phase Power
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
$11,787
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
4.14%
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%
$235,740
$235.7K
Cap Rate 7%
$168,386
$168.4K
Cap Rate 9%
$130,967
$131.0K
Market Conditions
NOI Build-Up for 2,981 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
$18.2K $6.12/SF
− Vacancy
−$1.4K −$0.47/SF
EGI
$16.8K $5.65/SF
− OpEx
−$5.1K −$1.69/SF
NOI
$11.8K $3.95/SF
Area
Columbus, OH
Vacancy
7.70%
Lease Rate
$6.12 /SF/Yr
Expense Ratio
30.00%
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%
$235,740
Cap Rate 7%
$168,386
Cap Rate 9%
$130,967
Alternative Uses
Best Use
Retail
$491.0K
$429.6K – $572.8K
NOI $34,368 @ 7.0% cap · market cap 12.06%
Second Best
Flex RnD
$423.2K
$370.3K – $493.7K
NOI $29,623 @ 7.0% cap · market cap 10.40%
Theoretical Best
Office A
$621.3K
$543.6K – $724.8K
NOI $43,488 @ 7.0% cap · market cap 15.26%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
715
Businesses Nearby
Explore this area
Business Placement
Market
Vacancy Rate% for Industrial in Columbus, OH
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Retail space - 2,981 SF retail/industrial space for sale or lease.
Where is this retail space located?
The property is located at 1328 West Broad Street Columbus, OH.
What is the asking price?
The asking price for this property is $284,900.
What are key features of this property?
This property features: Located in booming Franklinton; New Roof; 3‑Phase Power
