1351 Parsons Ave Columbus, OH 43206
Retail space for sale or lease with ample parking.
Property Features for 1351 Parsons Ave
General Information
- Standard status
- Active
- Size
- 9,660 SF
- Property subtype
- Mixed Use, Office, Retail
Building Details
- Year Built
- 1935
Listing office NAI Ohio Equities, LLC (614) 581-2434
Listing date Jun 11, 2020
Source Crexi
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 NAI Ohio Equities, LLC
Investment Insights
Based on property information with market context.
Key Highlights
- Ample Parking: 34 parking spaces available.
- High Potential: ±10,000 SF of retail space, divisible to ±2,500 SF, offering flexible usage options.
- New Roof: Roof replaced in April 2022.
Local Financial Insights For Retail
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 | $173.9k | $18.00 |
| − Vacancy | −$14.8k | −$1.53 |
| EGI | $159.1k | $16.47 |
| − OpEx | −$47.7k | −$4.94 |
| NOI | $111.4k | $11.53 |
