Office Building with Mixed-Use
For Sale
$175,000
15 E Kossuth Street, Columbus, OH 43206
Configured for professional offices and occupied by office tenants, the property also carries residential mixed-use zoning.
Property Size1,331 SF
Price / SF$131.48
Days on Market144
Property Features for 15 E Kossuth Street
General Information
Standard status
Active
Size
1,331 SF
Property subtype
Office
Site & Location
Neighborhood
German Village
Additional Details
Condition
Built-Out
Property Use
Office
Taxes and HOA fees
Annual Taxes
$3,440
Building Details
Building Size
1,331 SF
Year Built
1984
Buildings
1
Tenancy
Multi
Listing Agency:
Red 1 Realty
Listed By:
Monique Evans
(614) 956-6420
Source:
Ologyrealty
Added: Jun 10
Changed: Oct 30
Last Checked: Oct 30 at 3:04PM
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 Red 1 Realty
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Investment Insights
Based on property information with market context.
This office building was constructed in 1984 and is currently occupied by professional office tenants. Its zoning allows a mix of residential and other uses, providing flexibility beyond its existing office configuration.
The property is offered in conjunction with the neighboring building at 17 E Kossuth Street. The two structures may be connected as part of a combined purchase.
The property is offered in conjunction with the neighboring building at 17 E Kossuth Street. The two structures may be connected as part of a combined purchase.
Key Highlights
- Occupied by professional office tenants
- Zoned for mixed residential uses
- Built in 1984
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
—
—
no second resolved use
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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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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Market
Vacancy Rate% for Office in Columbus, OH
Frequently Asked Questions
What type of property is this?
Office building - Configured for professional offices and occupied by office tenants, the property also carries residential mixed-use zoning.
Where is this office building 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: Occupied by professional office tenants; Zoned for mixed residential uses; Built in 1984
