Historic Retail
New
For Sale
$180,000
1725 Parsons Avenue, Columbus, OH 43207
The space requires interior renovation and roof work, with historic preservation requirements to verify before modifying the building.
Property Size649 SF
Price / SF$277.35
Days on Market3
Property Features for 1725 Parsons Avenue
General Information
Standard status
Active
Size
649 SF
Property subtype
Retail
Property Condition
Severity
Repairs Needed
Evidence
Interior renovations are needed, and roof needs work
Site & Location
Neighborhood
Reeb-Hosack
Taxes and HOA fees
Annual Taxes
$791
Building Details
Building Size
649 SF
Year Built
1948
Listing Agency:
Reafco
Listed By:
Min W Zhang · License #2020007987
(614) 412-2912
Source:
Vutech-ruff
Added: Oct 23
Changed: Oct 25
Last Checked: Oct 25 at 2:42AM
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 Reafco
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Investment Insights
Based on property information with market context.
This 649-square-foot retail space occupies a historic building constructed in 1948. Interior updates and roof repairs are needed. Prospective purchasers should confirm any preservation rules that could affect renovation or other changes to the property.
The property is in Columbus’ South Side neighborhood, near shops, restaurants, residential areas, and major roadways.
The property is in Columbus’ South Side neighborhood, near shops, restaurants, residential areas, and major roadways.
Key Highlights
- 649‑square‑foot retail space
- Built in 1948
- Interior renovation and roof work needed
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$7,541
Cap Rate
4.19%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$150,820
$150.8K
Cap Rate 7%
$107,729
$107.7K
Cap Rate 9%
$83,789
$83.8K
Market Conditions
NOI Build-Up for 649 SF
Gross rent
$14.2K $21.84/SF
− Vacancy
−$3.4K −$5.24/SF
EGI
$10.8K $16.60/SF
− OpEx
−$3.2K −$4.98/SF
NOI
$7.5K $11.62/SF
Area
ZIP 43207
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%
$150,820
Cap Rate 7%
$107,729
Cap Rate 9%
$83,789
Alternative Uses
Best Use
Retail
$107.7K
$94.3K – $125.7K
NOI $7,541 @ 7.0% cap · market cap 4.19%
Second Best
—
—
no second resolved use
Theoretical Best
Warehouse
$130.8K
$114.5K – $152.6K
NOI $9,157 @ 7.0% cap · market cap 5.09%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
780
Businesses Nearby
Explore this area
Business Placement
Demographics for 43207, OH
46,853
Population
21,242
Households
2.2
Avg Household Size
38
Median Age
16%
College-Educated
85%
High-School Grad
23.1 sq mi
ZIP Area
2,028
Density / Sq Mi
$61,307
Median Household Income
$40,037
Median Earnings
$1,115
Median Rent
$156,200
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in Columbus, OH
Frequently Asked Questions
What type of property is this?
Retail space - The space requires interior renovation and roof work, with historic preservation requirements to verify before modifying the building.
Where is this retail space located?
The property is located at 1725 Parsons Avenue Columbus, OH.
What is the asking price?
The asking price for this property is $180,000.
What are key features of this property?
This property features: 649‑square‑foot retail space; Built in 1948; Interior renovation and roof work needed
