Three-Office Building with Creek
For Sale
$249,900
1404 Waggoner Rd, Reynoldsburg, OH 43068
Configured for office operations with multiple rooms, full bathrooms, and room to expand front parking.
Property Size1,488 SF
Price / SF$167.94
Days on Market94
Property Features for 1404 Waggoner Rd
General Information
Standard status
Active
Size
1,488 SF
Building Details
Year Built
1956
Listing Agency:
Di Lusso Real Estate
Listed By:
Fisal Ikhmayes · License #2024003271
(614) 900-1000
Source:
Thetomlinson
Added: Jul 14
Changed: Oct 10
Last Checked: Oct 12 at 10:19PM
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 Di Lusso Real Estate
Investment Insights
Based on property information with market context.
This office property at 1404 Waggoner Road is arranged with three office rooms and two full bathrooms. The configuration provides a straightforward setting for professional office operations, with the source information also identifying potential for residential, small retail, beauty salon, or service-oriented use.
The property includes a creek view and space in front for additional parking. It is located in Reynoldsburg, Ohio, with the address placing it on Waggoner Road in the 43068 ZIP code.
The property includes a creek view and space in front for additional parking. It is located in Reynoldsburg, Ohio, with the address placing it on Waggoner Road in the 43068 ZIP code.
Key Highlights
- Three office rooms included
- Two full bathrooms
- Space available for additional front parking
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$18,320
Cap Rate
7.33%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$366,400
$366.4K
Cap Rate 7%
$261,714
$261.7K
Cap Rate 9%
$203,556
$203.6K
Market Conditions
NOI Build-Up for 1,488 SF
Gross rent
$32.1K $21.60/SF
− Vacancy
−$7.7K −$5.18/SF
EGI
$24.4K $16.42/SF
− OpEx
−$6.1K −$4.10/SF
NOI
$18.3K $12.31/SF
Area
Franklin County, OH
Vacancy
24.00%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$366,400
Cap Rate 7%
$261,714
Cap Rate 9%
$203,556
Alternative Uses
Best Use
Office B
$261.7K
$229.0K – $305.3K
NOI $18,320 @ 7.0% cap · market cap 7.33%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$303.4K
$265.4K – $353.9K
NOI $21,235 @ 7.0% cap · market cap 8.50%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
525
Businesses Nearby
Explore this area
Business Placement
Demographics for 43068, OH
59,585
Population
25,294
Households
2.4
Avg Household Size
36
Median Age
30%
College-Educated
91%
High-School Grad
19.6 sq mi
ZIP Area
3,040
Density / Sq Mi
$70,451
Median Household Income
$42,327
Median Earnings
$1,214
Median Rent
$225,500
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 Midwest region
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Frequently Asked Questions
What type of property is this?
Office units - Configured for office operations with multiple rooms, full bathrooms, and room to expand front parking.
Where is this office units located?
The property is located at 1404 Waggoner Rd Reynoldsburg, OH.
What is the asking price?
The asking price for this property is $249,900.
What are key features of this property?
This property features: Three office rooms included; Two full bathrooms; Space available for additional front parking
