Renovated Office Building with
For Sale
Contact for pricing
Pending
1830 E BROAD ST, Columbus, OH 43203
Move-in-ready office building with private offices, conference rooms, and an attached two-car garage.
Property Size2,880 SF
Days on Market152
Property Features for 1830 E BROAD ST
General Information
Standard status
Pending
Size
2,880 SF
Class
B
Total Parking Spaces
15
Property subtype
Office
Additional Details
Opportunity Zone
Yes
Road Access
Yes
Amenities
2 conference rooms
10 private offices
Building Details
Year Built
1966
Year Renovated
2024
Buildings
1
Stories
1
Units
1
Tenancy
Single
Listing Agency:
Verti Commercial Real Estate
Listed By:
Matthew E. Drane · License #SAL.2020000914
(202) 510-2689
Source:
Crexi
Added: Apr 14
Changed: Sep 10
Last Checked: Sep 11 at 6:07AM
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 Verti Commercial Real Estate
Investment Insights
Based on property information with market context.
Originally built in 1966, this single-tenant office building has undergone comprehensive interior and exterior renovations in 2023–2024. The move-in-ready layout includes 2 conference rooms and 10 private offices, with an attached 2-car garage for added convenience.
Located on E. Broad Street, the property provides high-visibility frontage and an opportunity for signage. It also sits directly across from Franklin Park Conservatory, with access to COTA bus lines to support staff and client travel.
The building is positioned within a federal Opportunity Zone, and qualified investors may benefit from capital gains tax advantages. This turnkey asset is ready for immediate occupancy or lease-up.
Located on E. Broad Street, the property provides high-visibility frontage and an opportunity for signage. It also sits directly across from Franklin Park Conservatory, with access to COTA bus lines to support staff and client travel.
The building is positioned within a federal Opportunity Zone, and qualified investors may benefit from capital gains tax advantages. This turnkey asset is ready for immediate occupancy or lease-up.
Key Highlights
- 1966‑built, fully renovated 2,880 SF single‑tenant office with comprehensive interior and exterior renovations in 2023–2024
- Move‑in‑ready layout includes 2 conference rooms and 10 private offices
- Attached 2‑car garage
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$33,274
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.12%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$665,480
$665.5K
Cap Rate 7%
$475,343
$475.3K
Cap Rate 9%
$369,711
$369.7K
Market Conditions
NOI Build-Up for 2,880 SF
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.
Gross rent
$57.0K $19.80/SF
− Vacancy
−$12.7K −$4.40/SF
EGI
$44.4K $15.40/SF
− OpEx
−$11.1K −$3.85/SF
NOI
$33.3K $11.55/SF
Area
Columbus, OH
Vacancy
22.20%
Lease Rate
$19.80 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$665,480
Cap Rate 7%
$475,343
Cap Rate 9%
$369,711
Alternative Uses
Best Use
Office B
$475.3K
$415.9K – $554.6K
NOI $33,274 @ 7.0% cap · market cap 5.12%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$600.2K
$525.2K – $700.2K
NOI $42,014 @ 7.0% cap · market cap 6.46%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
Single-tenant
Tenancy
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
711
Businesses Nearby
Explore this area
Business Placement
Demographics for 43203, OH
8,726
Population
5,301
Households
1.6
Avg Household Size
32
Median Age
30%
College-Educated
88%
High-School Grad
1.4 sq mi
ZIP Area
6,233
Density / Sq Mi
$44,099
Median Household Income
$36,918
Median Earnings
$930
Median Rent
$282,100
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Columbus, OH
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Frequently Asked Questions
What type of property is this?
Office building - Move-in-ready office building with private offices, conference rooms, and an attached two-car garage.
Where is this office building located?
The property is located at 1830 E BROAD ST Columbus, OH.
What is the asking price?
The asking price for this property is $650,000.
What are key features of this property?
This property features: 1966‑built, fully renovated 2,880 SF single‑tenant office with comprehensive interior and exterior renovations in 2023–2024; Move‑in‑ready layout includes 2 conference rooms and 10 private offices; Attached 2‑car garage
