Downtown Storefront Retail
For Sale
$395,000
147 N High Street, Columbus, OH 43215
First-floor retail condominium features a double-glass storefront, two ADA restrooms, and rear access to garage parking.
Property Size1,594 SF
Price / SF$247.65
Days on Market47
Property Features for 147 N High Street
General Information
Standard status
Active
Size
1,594 SF
Total Parking Spaces
1
Property subtype
Street Retail
Site & Location
Traffic Count
16,927 vehicles/day
Highway Access
Yes
Building Details
Building Size
1,594 SF
Year Built
1900
Properties For Sale
at 147 N High Street Contact us- Size
- 1,594 SF
- Lease Type
- NNN
147 N High Street
Listing Agency:
NAI | Ohio Equities
(614) 629-5254
Listed By:
John Mally · License #2013004679
(614) 629-5254
Source:
Thebrokerlist
Added: Jul 15
Changed: Aug 25
Last Checked: Aug 29 at 5:49AM
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
Investment Insights
Based on property information with market context.
Available for sale is a 1,595-square-foot first-floor commercial condominium unit in the Brunson Building in downtown Columbus. The space is laid out with an open retail area in front and private space in the rear. A large double-glass storefront faces North High Street, supplying natural light and prominent street exposure.
The unit includes two ADA-compliant restrooms and rear access to a dedicated parking space within the building’s garage. It is positioned along a highly traveled segment of North High Street with approximately 16,927 vehicles per day, supporting visibility and consistent pass-by activity.
The storefront’s tall-ceiling feel and expansive glazing create an open, flexible environment for a range of retail, office, showroom, or service-oriented uses, with the back area providing additional separation and function.
The unit includes two ADA-compliant restrooms and rear access to a dedicated parking space within the building’s garage. It is positioned along a highly traveled segment of North High Street with approximately 16,927 vehicles per day, supporting visibility and consistent pass-by activity.
The storefront’s tall-ceiling feel and expansive glazing create an open, flexible environment for a range of retail, office, showroom, or service-oriented uses, with the back area providing additional separation and function.
Key Highlights
- 1,595 SF first‑floor commercial condominium unit in the Brunson Building in downtown Columbus
- Large double‑glass storefront with facing North High Street for natural light and street visibility
- Open retail/office/showroom/service layout plus private space in the rear
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
$18,389
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
4.66%
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%
$367,780
$367.8K
Cap Rate 7%
$262,700
$262.7K
Cap Rate 9%
$204,322
$204.3K
Market Conditions
NOI Build-Up for 1,595 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
$28.7K $18.00/SF
− Vacancy
−$2.4K −$1.53/SF
EGI
$26.3K $16.47/SF
− OpEx
−$7.9K −$4.94/SF
NOI
$18.4K $11.53/SF
Area
Columbus, OH
Vacancy
8.50%
Lease Rate
$18.00 /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%
$367,780
Cap Rate 7%
$262,700
Cap Rate 9%
$204,322
Alternative Uses
Best Use
Retail
$262.7K
$229.9K – $306.5K
NOI $18,389 @ 7.0% cap · market cap 4.66%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$332.4K
$290.9K – $387.8K
NOI $23,268 @ 7.0% cap · market cap 5.89%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
16,927 VPD
Traffic count
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
928
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 Retail in Columbus, OH
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Retail space - First-floor retail condominium features a double-glass storefront, two ADA restrooms, and rear access to garage parking.
Where is this retail space located?
The property is located at 147 N High Street Columbus, OH.
What is the asking price?
The asking price for this property is $395,000.
What are key features of this property?
This property features: 1,595 SF first‑floor commercial condominium unit in the Brunson Building in downtown Columbus; Large double‑glass storefront with facing North High Street for natural light and street visibility; Open retail/office/showroom/service layout plus private space in the rear
