Mixed-Use Property with
1660 Brown Road, Columbus, OH 43223
For Sale
New
$1,900,000
Eight apartments are complemented by office, storage, and garage space across five parcels.
Property Size8,239 SF
Price / SF$230.61
Days on Market6
Property Features for 1660 Brown Road
General Information
Standard status
Size
Total Parking Spaces
Property subtype
Site & Location
Neighborhood
Units
Unit Mix
Multifamily Units
Taxes and HOA fees
Annual Taxes
Building Details
Building Size
Year Built
Listing Agency:
Cutler Real Estate
Listed By:
Kimberly D Webb · License #658014261
(614) 946-6671
Source:
Camtaylor
Added: Nov 2
Changed: Nov 4
Last Checked: Nov 6 at 5:55PM
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 Cutler Real Estate
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Investment Insights
Based on property information with market context.
This mixed-use property includes eight apartments: four one-bedroom units and four two-bedroom units. The site also has dedicated office space divided into four offices, a two-door warehouse and storage area, and a six-car garage. The property was built in 1948.
The offering comprises five parcels, including three undeveloped parcels. Together, the existing residential, office, warehouse, storage, and garage components form a varied property configuration.
The offering comprises five parcels, including three undeveloped parcels. Together, the existing residential, office, warehouse, storage, and garage components form a varied property configuration.
Key Highlights
- Eight apartments: four 1‑bedroom and four 2‑bedroom units
- Office area divided into four separate offices
- Two‑door warehouse and storage area
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$94,543
Cap Rate
4.98%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,890,860
$1.9M
Cap Rate 7%
$1,350,614
$1.4M
Cap Rate 9%
$1,050,478
$1.1M
Market Conditions
NOI Build-Up for 8,239 SF
Gross rent
$168.1K $20.40/SF
− Vacancy
−$16.8K −$2.04/SF
EGI
$151.3K $18.36/SF
− OpEx
−$56.7K −$6.89/SF
NOI
$94.5K $11.48/SF
Area
Columbus, OH
Vacancy
10.00%
Lease Rate
$20.40 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,890,860
Cap Rate 7%
$1,350,614
Cap Rate 9%
$1,050,478
Alternative Uses
Best Use
Mixed Use
$1.35M
$1.18M – $1.58M
NOI $94,543 @ 7.0% cap · market cap 4.98%
Second Best
Apartment 5plus
$806.2K
$705.5K – $940.6K
NOI $56,436 @ 7.0% cap · market cap 2.97%
Theoretical Best
Office A
$1.72M
$1.50M – $2.00M
NOI $120,193 @ 7.0% cap · market cap 6.33%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
8
Residential units
Location Intelligence
Trade Area within ½ mile
174
Businesses Nearby
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Business Placement
Demographics for 43223, OH
27,951
Population
10,662
Households
2.6
Avg Household Size
35
Median Age
11%
College-Educated
77%
High-School Grad
10.0 sq mi
ZIP Area
2,795
Density / Sq Mi
$45,902
Median Household Income
$32,509
Median Earnings
$1,063
Median Rent
$113,600
Median Home Value
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Market
Average Price Trend$/SF for Mixed-use properties in Columbus, OH
Properties on Market for Mixed-use properties in Columbus
Vacancy Rate% for Industrial in Columbus, OH
Frequently Asked Questions
What type of property is this?
Mixed-use property - Eight apartments are complemented by office, storage, and garage space across five parcels.
Where is this mixed-use property located?
The property is located at 1660 Brown Road Columbus, OH.
What is the asking price?
The asking price for this property is $1,900,000.
What are key features of this property?
This property features: Eight apartments: four 1‑bedroom and four 2‑bedroom units; Office area divided into four separate offices; Two‑door warehouse and storage area
