Downtown Retail Condo
For Sale
Contact for pricing
147 N High St, Columbus, OH 43215
First-floor storefront retail space with an open creative layout, back privacy, and rear garage parking access.
Property Size1,594 SF
Price / SF$247.80
Days on Market514
Property Features for 147 N High St
General Information
Standard status
Active
Size
1,594 SF
Total Parking Spaces
1
Property subtype
RETAIL
Additional Details
Traffic Count
16,927 vehicles/day
Listing Agency:
NAI Ohio Equities
(614) 224-2400
Listed By:
John Mally · License #2013004679
(614) 570-7804
Source:
Moodyscre
Added: Apr 16, 2025
Changed: Sep 4
Last Checked: Sep 10 at 11:15AM
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.
This commercial condo unit at the Brunson Building offers a first-floor storefront retail space totaling approximately 1,595 square feet. The interior features an open floor plan with creative, open space toward the front and additional privacy in the back, supported by one ADA restroom. Large double glass storefront glazing faces High Street.
The unit includes rear access to a parking space in the building garage. The storefront is positioned along North High Street with stated high traffic volume of approximately 16,927 vehicles per day.
Ideal for users seeking a street-facing retail presence with an open interior layout and separate back area, this condo storefront also provides ADA accessibility and on-site rear parking access via the garage.
The unit includes rear access to a parking space in the building garage. The storefront is positioned along North High Street with stated high traffic volume of approximately 16,927 vehicles per day.
Ideal for users seeking a street-facing retail presence with an open interior layout and separate back area, this condo storefront also provides ADA accessibility and on-site rear parking access via the garage.
Key Highlights
- 1,595 SF first‑floor storefront retail space in the Brunson Building in downtown Columbus
- Open creative layout with large double glass storefronts facing North High St
- Rear access to a parking space in the garage
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
$18,377
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
4.65%
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%
$367,540
$367.5K
Cap Rate 7%
$262,529
$262.5K
Cap Rate 9%
$204,189
$204.2K
Market Conditions
NOI Build-Up for 1,594 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%
$367,540
Cap Rate 7%
$262,529
Cap Rate 9%
$204,189
Alternative Uses
Best Use
Retail
$262.5K
$229.7K – $306.3K
NOI $18,377 @ 7.0% cap · market cap 4.65%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$332.2K
$290.7K – $387.6K
NOI $23,254 @ 7.0% cap · market cap 5.89%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
16,927 VPD
Traffic count
Location Intelligence
Trade Area within ½ mile
928
Businesses Nearby
Under-served
Demand for This Use
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in Columbus, OH
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Frequently Asked Questions
What type of property is this?
Storefront property - First-floor storefront retail space with an open creative layout, back privacy, and rear garage parking access.
Where is this storefront property located?
The property is located at 147 N High St 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 storefront retail space in the Brunson Building in downtown Columbus; Open creative layout with large double glass storefronts facing North High St; Rear access to a parking space in the garage
