Leased Office
For Sale
$175,000
15 E Kossuth Street, Columbus, OH 43206
Office, Columbus, OH
Property Size1,331 SF
Price / SF$131.48
Days on Market145
Property Features for 15 E Kossuth Street
General Information
Property type
Residential
Property subtype
Office
Zoning description
Mixed Use
Rooms
Basement
Standard status
Active
APN
010-199409
Size
1,331 SF
Additional Details
Tenant in Place
Yes
Property Use
Office
Condition
Built-Out
Taxes and HOA fees
Tax Year
2024
Tax Annual Amount
3441
HOA Fee
$330 Annually
Utilities
Utilities
Natural Gas Available
Building Details
Year built
1984
Floors in Building
2
Buildings
2
Listing Agency:
Red 1 Realty
(614) 585-9020
Listed By:
Monique Evans
(614) 956-6420
Added: Jun 9
Changed: Oct 30
Last Checked: Oct 31 at 6:06AM
MLS# 226020965
Copyright © 2026 Columbus and Central Ohio Multiple Listing Service. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
This 1331-square-foot office unit at 15 E Kossuth Street is configured for professional office use and is currently leased to office tenants. The property includes a basement and was built in 1984, with natural gas available. Its flexible mixed-use residential zoning broadens the range of potential future configurations while retaining the existing office setup.
The property is offered concurrently with the adjacent building at 17 East Kossuth Street. Acquiring both parcels may allow the structures to be connected into a larger combined footprint. The address is in Columbus’s historic German Village area, providing a defined urban setting for the existing office operation and potential future redevelopment planning.
The property is offered concurrently with the adjacent building at 17 East Kossuth Street. Acquiring both parcels may allow the structures to be connected into a larger combined footprint. The address is in Columbus’s historic German Village area, providing a defined urban setting for the existing office operation and potential future redevelopment planning.
Key Highlights
- 1331 square feet of office space
- Currently leased to professional office tenants
- Flexible mixed‑use residential zoning
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$15,377
Cap Rate
8.79%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$307,540
$307.5K
Cap Rate 7%
$219,671
$219.7K
Cap Rate 9%
$170,856
$170.9K
Market Conditions
NOI Build-Up for 1,331 SF
Gross rent
$26.4K $19.80/SF
− Vacancy
−$5.9K −$4.40/SF
EGI
$20.5K $15.40/SF
− OpEx
−$5.1K −$3.85/SF
NOI
$15.4K $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%
$307,540
Cap Rate 7%
$219,671
Cap Rate 9%
$170,856
Alternative Uses
Best Use
Office B
$219.7K
$192.2K – $256.3K
NOI $15,377 @ 7.0% cap · market cap 8.79%
Second Best
Mixed Use
$218.2K
$190.9K – $254.6K
NOI $15,273 @ 7.0% cap · market cap 8.73%
Theoretical Best
Office A
$277.4K
$242.7K – $323.6K
NOI $19,417 @ 7.0% cap · market cap 11.10%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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See the owner, sales and loan history
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Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,822
Businesses Nearby
Explore this area
Business Placement
Demographics for 43206, OH
21,594
Population
12,758
Households
1.7
Avg Household Size
35
Median Age
48%
College-Educated
94%
High-School Grad
3.0 sq mi
ZIP Area
7,198
Density / Sq Mi
$74,421
Median Household Income
$52,603
Median Earnings
$1,339
Median Rent
$280,400
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 - Built-out professional workspace with basement access and flexible mixed-use residential zoning.
Where is this office unit located?
The property is located at 15 E Kossuth Street Columbus, OH.
What is the asking price?
The asking price for this property is $175,000.
What are key features of this property?
This property features: 1331 square feet of office space; Currently leased to professional office tenants; Flexible mixed‑use residential zoning
