Multi-Tenant Office
For Sale
$570,000
1386 East Main Street, Columbus, OH 43205
A six-suite office building with 4,468 SF total offers flexible space for office, professional, or creative users.
Property Size4,468 SF
Price / SF$127.57
Days on Market144
Property Features for 1386 East Main Street
General Information
Standard status
Active
Size
4,468 SF
Class
C
Property subtype
Office
Additional Details
Office Units
6
Building Details
Building Size
4,468 SF
Tenancy
Multi
Listing Agency:
NAI Ohio Equities
Listed By:
Max Ward · License #2024003070
(513) 833-4297
Source:
Ohioequities
Added: Jun 1
Changed: Oct 19
Last Checked: Oct 20 at 5:45PM
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
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Investment Insights
Based on property information with market context.
1386 East Main Street is a multi-tenant office property totaling 4,468 SF, configured into six individual suites. The layout is designed for flexible occupancy, supporting a range of office, professional service, creative, or small business uses.
The property is located along East Main Street in Columbus, with access to the city’s urban corridor and connectivity that supports steady day-to-day exposure. It is described as being just minutes from Downtown Columbus.
For buyers seeking a mixed live-and-lease approach, the suite configuration allows an owner-user to occupy a portion of the building while renting the remaining suites to help offset expenses.
The property is located along East Main Street in Columbus, with access to the city’s urban corridor and connectivity that supports steady day-to-day exposure. It is described as being just minutes from Downtown Columbus.
For buyers seeking a mixed live-and-lease approach, the suite configuration allows an owner-user to occupy a portion of the building while renting the remaining suites to help offset expenses.
Key Highlights
- 4,468 SF multi‑tenant office building configured into six individual suites
- Flexible suite layout suitable for office, professional service, creative, or small business users
- Multi‑tenant setup can support an investor for rental income or an owner/user to offset expenses
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$51,620
Cap Rate
9.06%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,032,400
$1.0M
Cap Rate 7%
$737,429
$737.4K
Cap Rate 9%
$573,556
$573.6K
Market Conditions
NOI Build-Up for 4,468 SF
Gross rent
$88.5K $19.80/SF
− Vacancy
−$19.6K −$4.40/SF
EGI
$68.8K $15.40/SF
− OpEx
−$17.2K −$3.85/SF
NOI
$51.6K $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 Rate 5%
$1,032,400
Cap Rate 7%
$737,429
Cap Rate 9%
$573,556
Alternative Uses
Best Use
Office B
$737.4K
$645.3K – $860.3K
NOI $51,620 @ 7.0% cap · market cap 9.06%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$931.2K
$814.8K – $1.09M
NOI $65,181 @ 7.0% cap · market cap 11.44%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
6
Office units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
829
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Columbus, OH
Frequently Asked Questions
What type of property is this?
Office unit - A six-suite office building with 4,468 SF total offers flexible space for office, professional, or creative users.
Where is this office unit located?
The property is located at 1386 East Main Street Columbus, OH.
What is the asking price?
The asking price for this property is $570,000.
What are key features of this property?
This property features: 4,468 SF multi‑tenant office building configured into six individual suites; Flexible suite layout suitable for office, professional service, creative, or small business users; Multi‑tenant setup can support an investor for rental income or an owner/user to offset expenses
