Office Building with Exposed
For Sale
Contact for pricing
145 E Rich St, Columbus, OH 43215
Class A office building with open beam ceilings, exposed brick character, and climate-controlled lower-level storage.
Property Size23,884 SF
Price / SF$158.06
Days on Market655
Property Features for 145 E Rich St
General Information
Standard status
Active
Size
23,884 SF
Class
Class A
Total Parking Spaces
27
Property subtype
OFFICE
Amenities
climate controlled storage
signage opportunities
Building Details
Construction
exposed brick
Listing Agency:
Colliers | Columbus
(614) 206-6882
Listed By:
Andrew Jameson, SIOR, CCIM
(614) 206-6882
Source:
Moodyscre
Added: Oct 17, 2024
Changed: Jul 29
Last Checked: Aug 1 at 2:19PM
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 Colliers | Columbus
Investment Insights
Based on property information with market context.
This Class A office building offers distinctive character and practical space for an owner-occupant or investor looking to reposition. The property features open beam 14-foot ceilings and exposed brick, with climate-controlled storage located on the lower level. Total building size is 23,884 SF.
Parking is supported by both surface and garage options tied to the Columbus Commons Garage. The sale also includes a 27-space surface parking lot, plus multiple potential signage opportunities, including exterior signage and a custom mural.
For tenant and day-to-day convenience, the building is a short walk from Columbus Commons Park and nearby amenities including Dirty Franks, 16 Bit, and Little Palace.
Parking is supported by both surface and garage options tied to the Columbus Commons Garage. The sale also includes a 27-space surface parking lot, plus multiple potential signage opportunities, including exterior signage and a custom mural.
For tenant and day-to-day convenience, the building is a short walk from Columbus Commons Park and nearby amenities including Dirty Franks, 16 Bit, and Little Palace.
Key Highlights
- 23,884 SF Class A office building
- Open beam 14‑foot ceilings with exposed brick character
- Climate‑controlled storage in the lower level
Financial Insights For Office B
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 | $472.9k | $19.80 |
| − Vacancy | −$105.0k | −$4.40 |
| EGI | $367.9k | $15.40 |
| − OpEx | −$92.0k | −$3.85 |
| NOI | $275.9k | $11.55 |
23,884 SF · lease $19.80/SF/yr · vacancy 22.20% · expense 25.00%
Alternative Uses
Best Use
Office B
$3.94M
$3.45M – $4.60M
NOI $275,939 @ 7.0% cap · market cap 7.31%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$4.98M
$4.36M – $5.81M
NOI $348,428 @ 7.0% cap · market cap 9.23%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
6,902
Businesses Nearby
Explore this area
Business Placement
Demographics for 43215, OH
20,761
Population
13,428
Households
1.5
Avg Household Size
32
Median Age
71%
College-Educated
97%
High-School Grad
5.1 sq mi
ZIP Area
4,071
Density / Sq Mi
$74,469
Median Household Income
$59,521
Median Earnings
$1,487
Median Rent
$508,300
Median Home Value
Market
Vacancy Rate% for Office in Columbus, OH
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office building - Class A office building with open beam ceilings, exposed brick character, and climate-controlled lower-level storage.
Where is this office building located?
The property is located at 145 E Rich St Columbus, OH.
What is the asking price?
The asking price for this property is $3,775,000.
What are key features of this property?
This property features: 23,884 SF Class A office building; Open beam 14‑foot ceilings with exposed brick character; Climate‑controlled storage in the lower level
