Built-Out Retail
For Sale
$459,000
153 N High Street, Gahanna, OH 43230
Commercial Sale, Gahanna, OH
Property Size1,793 SF
Lot Size0.17 Acres
Price / SF$255
Days on Market48
Property Features for 153 N High Street
General Information
Property type
Residential
Property subtype
Retail
Zoning description
C
Subdivision
OLD GAHANNA
Standard status
Active
APN
025-000325
Size
1,793 SF
Lot size
0.17 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
7980
Utilities
Sewer type
Public Sewer
Heating system
Forced Air
Water source
Public
Amenities
reception/waiting area
plumbed stations
climate-controlled flex space
gas fireplace
Building Details
Year built
1953
Floors in Building
1
Listing Agency:
RE/MAX Town Center · RE/MAX International
(614) 428-7444
Listed By:
Brian B Phillips
(740) 973-0350
Added: Sep 3
Changed: Oct 20
Last Checked: Oct 20 at 12:06PM
MLS# 226033608
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.
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 1,793-square-foot retail property was built in 1953 and is configured for personal-care use. The interior includes a reception and waiting area, five plumbed stations, and approximately 500+/- square feet of climate-controlled flex space at the rear. The additional area was previously used as a rehearsal studio and can support complementary retail, gallery, or boutique functions. Street parking is available at the front, with additional parking behind the building. The existing business has relocated and is not part of the sale, while fixtures may remain.
Capital improvements include plumbing work in 2017; the roof, water heater, rear deck, and gas fireplace or lantern restoration in 2018; the detached garage roof in 2021; the front door in 2022; and the HVAC system in 2023. The property has forced-air heating, public water, and public sewer.
Capital improvements include plumbing work in 2017; the roof, water heater, rear deck, and gas fireplace or lantern restoration in 2018; the detached garage roof in 2021; the front door in 2022; and the HVAC system in 2023. The property has forced-air heating, public water, and public sewer.
Key Highlights
- 1,793 SF retail property on a 0.17‑acre parcel
- Five fully plumbed and equipped stations
- Approximately 500+/- SF of climate‑controlled rear flex space
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$20,833
Cap Rate
4.54%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$416,660
$416.7K
Cap Rate 7%
$297,614
$297.6K
Cap Rate 9%
$231,478
$231.5K
Market Conditions
NOI Build-Up for 1,793 SF
Gross rent
$39.2K $21.84/SF
− Vacancy
−$9.4K −$5.24/SF
EGI
$29.8K $16.60/SF
− OpEx
−$8.9K −$4.98/SF
NOI
$20.8K $11.62/SF
Area
ZIP 43230
Vacancy
24.00%
Lease Rate
$21.84 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$416,660
Cap Rate 7%
$297,614
Cap Rate 9%
$231,478
Alternative Uses
Best Use
Retail
$297.6K
$260.4K – $347.2K
NOI $20,833 @ 7.0% cap · market cap 4.54%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$340.1K
$297.6K – $396.8K
NOI $23,809 @ 7.0% cap · market cap 5.19%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
928
Businesses Nearby
Explore this area
Business Placement
Demographics for 43230, OH
58,372
Population
26,170
Households
2.2
Avg Household Size
37
Median Age
50%
College-Educated
96%
High-School Grad
20.4 sq mi
ZIP Area
2,861
Density / Sq Mi
$92,271
Median Household Income
$53,832
Median Earnings
$1,407
Median Rent
$282,800
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 Midwest region
Frequently Asked Questions
What type of property is this?
Retail space - Five-station personal-care layout with rear flex area, public utilities, and recent HVAC improvements.
Where is this retail space located?
The property is located at 153 N High Street Gahanna, OH.
What is the asking price?
The asking price for this property is $459,000.
What are key features of this property?
This property features: 1,793 SF retail property on a 0.17‑acre parcel; Five fully plumbed and equipped stations; Approximately 500+/- SF of climate‑controlled rear flex space
