Office Unit with Three
20 Northwoods Boulevard #20A, Columbus, OH 43235
For Sale
$225,000
The suite includes a kitchen area and an in-unit bathroom, with parking directly outside the entrance.
Property Size1,072 SF
Price / SF$209.89
Days on Market78
Property Features for 20 Northwoods Boulevard #20A
General Information
Standard status
Size
Property subtype
Site & Location
Neighborhood
Highway Access
Additional Details
Condition
Property Use
Taxes and HOA fees
Annual Taxes
Building Details
Building Size
Year Built
Stories
Listing Agency:
e-Merge Real Estate
(614) 678-5505
Listed By:
Natalie H Morrison
(614) 316-2968
Source:
Douglaskeycresolutions
Added: Aug 26
Changed: Nov 7
Last Checked: Nov 10 at 7:12PM
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 e-Merge Real Estate
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 1,072-square-foot office unit, built in 1985, has three offices that can instead be configured as two offices and a conference room. A kitchen area and bathroom are located within the unit. Recent interior work includes newer carpet and fresh paint, and the entry has no stairs.
The property is in the Worthington area of Columbus, with access to US 23, US 270, and SR 315. Parking is positioned directly in front of the unit entrance.
The property is in the Worthington area of Columbus, with access to US 23, US 270, and SR 315. Parking is positioned directly in front of the unit entrance.
Key Highlights
- 1,072‑square‑foot office unit with three offices, or two offices and a conference room
- Kitchen area and bathroom inside the unit
- No stairs at the unit entrance; parking directly outside
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$14,091
Cap Rate
6.26%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$281,820
$281.8K
Cap Rate 7%
$201,300
$201.3K
Cap Rate 9%
$156,567
$156.6K
Market Conditions
NOI Build-Up for 1,072 SF
Gross rent
$23.3K $21.72/SF
− Vacancy
−$4.5K −$4.19/SF
EGI
$18.8K $17.53/SF
− OpEx
−$4.7K −$4.38/SF
NOI
$14.1K $13.14/SF
Area
ZIP 43235
Vacancy
19.31%
Lease Rate
$21.72 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$281,820
Cap Rate 7%
$201,300
Cap Rate 9%
$156,567
Alternative Uses
Best Use
Office B
$201.3K
$176.1K – $234.9K
NOI $14,091 @ 7.0% cap · market cap 6.26%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$217.1K
$190.0K – $253.3K
NOI $15,196 @ 7.0% cap · market cap 6.75%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
739
Businesses Nearby
Explore this area
Business Placement
Demographics for 43235, OH
45,561
Population
20,855
Households
2.2
Avg Household Size
36
Median Age
59%
College-Educated
96%
High-School Grad
14.2 sq mi
ZIP Area
3,209
Density / Sq Mi
$86,758
Median Household Income
$54,814
Median Earnings
$1,412
Median Rent
$346,500
Median Home Value
Market
Average Price Trend$/SF for Office Units in Columbus, OH
Properties on Market for Office Units in Columbus
Vacancy Rate% for Office in Columbus, OH
Frequently Asked Questions
What type of property is this?
Office unit - The suite includes a kitchen area and an in-unit bathroom, with parking directly outside the entrance.
Where is this office unit located?
The property is located at 20 Northwoods Boulevard #20A Columbus, OH.
What is the asking price?
The asking price for this property is $225,000.
What are key features of this property?
This property features: 1,072‑square‑foot office unit with three offices, or two offices and a conference room; Kitchen area and bathroom inside the unit; No stairs at the unit entrance; parking directly outside
