Versatile Granville Property on
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1805 Columbus Rd, Granville, OH 43023
Adaptable property in a growing corridor, suited for various uses.
Property Size2,844 SF
Lot Size1.00 Acre
Price / SF$179.29
Days on Market238
Property Features for 1805 Columbus Rd
General Information
Standard status
Active
Size
2,844 SF
Lot size
1.00 Acre
Property subtype
Mixed Use, Retail
Building Details
Year Built
1938
Year Renovated
2024
Units
2
Listing Agency:
Keller Williams Greater Columbus Realty
Listed By:
Martha Hunley · License #450518
(614) 314-5555
Source:
Crexi
Added: Feb 10
Changed: Aug 8
Last Checked: Aug 25 at 9:12AM
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 Keller Williams Greater Columbus Realty
Investment Insights
Based on property information with market context.
Located on Columbus Road in Granville, this property offers over an acre of land and more than 2,500 square feet of space suitable for a variety of business or mixed-use needs. The interior features large rooms with large windows providing abundant light, hardwood flooring, and a decorative fireplace. The space is ideal for small business operations, workshops, or client-based services. The building is set up to accommodate two businesses, with utilities separated between A and B units, delineated by the door at the back of the main hallway. The property benefits from excellent road exposure and ample parking space, situated in a growing corridor, making it ready for its next chapter.
Key Highlights
- Over an acre of land in a growing corridor.
- More than 2,500 SF of adaptable space suited for business or mixed‑use.
- Set up for two separate businesses with separate utilities.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$46,274
Cap Rate
9.08%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$925,480
$925.5K
Cap Rate 7%
$661,057
$661.1K
Cap Rate 9%
$514,156
$514.2K
Market Conditions
NOI Build-Up for 2,844 SF
Gross rent
$76.8K $27.00/SF
− Vacancy
−$2.7K −$0.97/SF
EGI
$74.0K $26.03/SF
− OpEx
−$27.8K −$9.76/SF
NOI
$46.3K $16.27/SF
Area
Licking County, OH
Vacancy
3.58%
Lease Rate
$27.00 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$925,480
Cap Rate 7%
$661,057
Cap Rate 9%
$514,156
Alternative Uses
Best Use
Mixed Use
$661.1K
$578.4K – $771.2K
NOI $46,274 @ 7.0% cap · market cap 9.08%
Second Best
—
—
no second resolved use
Theoretical Best
Flex RnD
$2.28M
$2.00M – $2.66M
NOI $159,885 @ 7.0% cap · market cap 31.36%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
57
Businesses Nearby
Explore this area
Business Placement
Demographics for 43023, OH
14,462
Population
5,344
Households
2.7
Avg Household Size
36
Median Age
55%
College-Educated
98%
High-School Grad
49.9 sq mi
ZIP Area
290
Density / Sq Mi
$136,127
Median Household Income
$48,318
Median Earnings
$1,094
Median Rent
$428,900
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Adaptable property in a growing corridor, suited for various uses.
Where is this mixed-use property located?
The property is located at 1805 Columbus Rd Granville, OH.
What is the asking price?
The asking price for this property is $509,900.
What are key features of this property?
This property features: Over an acre of land in a growing corridor.; More than 2,500 SF of adaptable space suited for business or mixed‑use.; Set up for two separate businesses with separate utilities.
