Leased Office Space in German
15 E Kossuth Street Columbus, OH 43206
For Sale
$193,000
SINGLE_FAMILY - Columbus, OH
Property Size1,331 SF
Price / SF$145
Days on Market50
Property Features for 15 E Kossuth Street
General Information
Property type
Residential
Property subtype
Office
Standard status
Active
APN
010-199409
Size
1,331 SF
Taxes and HOA fees
Tax Year
2024
Tax Annual Amount
3406
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: Jul 27
Last Checked: Jul 28 at 11:06PM
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.
Located at 15 E Kossuth Street in Columbus, this property is fully built out and leased to professional office tenants. The offering also highlights flexibility under mixed-use residential zoning, providing multiple pathways for future use.
The seller is offering the property concurrently with the adjacent building at 17 East Kossuth Street. Together, the parcels may be assembled into a larger, more cohesive footprint for an owner seeking connectivity between the two structures.
As presented, the asset is already configured for office operations with existing leased occupancy, while the mixed-use residential zoning can support longer-term redevelopment or owner-occupant scenarios consistent with that zoning description.
The seller is offering the property concurrently with the adjacent building at 17 East Kossuth Street. Together, the parcels may be assembled into a larger, more cohesive footprint for an owner seeking connectivity between the two structures.
As presented, the asset is already configured for office operations with existing leased occupancy, while the mixed-use residential zoning can support longer-term redevelopment or owner-occupant scenarios consistent with that zoning description.
Key Highlights
- Built in 1984
- Currently fully built out and leased to professional office tenants
- Mixed‑use residential zoning offers flexible future use options
Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $26.4k | $19.80 |
| − Vacancy | −$5.9k | −$4.40 |
| EGI | $20.5k | $15.40 |
| − OpEx | −$5.1k | −$3.85 |
| NOI | $15.4k | $11.55 |
1,331 SF · lease $19.80/SF/yr · vacancy 22.20% · expense 25.00%
Alternative Uses
Best Use
Office B
$219.7K
$192.2K – $256.3K
NOI $15,377 @ 7.0% cap · market cap 7.97%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$277.4K
$242.7K – $323.6K
NOI $19,417 @ 7.0% cap · market cap 10.06%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Office units - Fully built-out office space at 15 E Kossuth Street is currently leased to professional office tenants.
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 $193,000.
What are key features of this property?
This property features: Built in 1984; Currently fully built out and leased to professional office tenants; Mixed‑use residential zoning offers flexible future use options
