Leased Office
For Sale
$187,000
15 E Kossuth Street, Columbus, OH 43206
Office, Columbus, OH
Property Size1,331 SF
Price / SF$140.50
Days on Market99
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
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
Listing Agency:
Red 1 Realty
(614) 585-9020
Listed By:
Monique Evans
(614) 956-6420
Added: Jun 9
Changed: Sep 14
Last Checked: Sep 15 at 2:06PM
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.
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 = 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
$15,377
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
8.22%
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%
$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
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
$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 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%
$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 8.22%
Second Best
Mixed Use
$218.2K
$190.9K – $254.6K
NOI $15,273 @ 7.0% cap · market cap 8.17%
Theoretical Best
Office A
$277.4K
$242.7K – $323.6K
NOI $19,417 @ 7.0% cap · market cap 10.38%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
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
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Frequently Asked Questions
What type of property is this?
Office units - Built-out professional workspace with basement access and flexible mixed-use residential zoning.
Where is this office units located?
The property is located at 15 E Kossuth Street Columbus, OH.
What is the asking price?
The asking price for this property is $187,000.
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
