2-Unit Mixed-Use
New
For Sale
$749,900
2214-2216 Eakin Road, Columbus, OH 43223
Restaurant and tire-shop tenants have occupied the premises for more than a decade.
Property Size3,318 SF
Days on Market7
Property Features for 2214-2216 Eakin Road
General Information
Standard status
Active
Size
3,318 SF
Property subtype
Mixed Use
Site & Location
Neighborhood
Southwest
Tenancy & Operations
Currently Operating
Yes
Tenant in Place
Yes
Real Estate Included
Yes
Additional Details
Automotive Uses
tire service
Taxes and HOA fees
Annual Taxes
$5,021
Building Details
Building Size
3,318 SF
Year Built
1969
Tenancy
Multi
Listing Agency:
Red 1 Realty
Listed By:
Omar Abouseada · License #2019005277
(614) 735-5860
Source:
Vutech-ruff
Added: Oct 27
Changed: Nov 1
Last Checked: Nov 1 at 3:48PM
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 Red 1 Realty
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.
Built in 1969, this two-unit commercial property is occupied by a restaurant and a tire shop. The restaurant has operated at this address for over 15 years, while the tire shop has been on the property for more than 10 years.
Both leases are expected to come up for renewal in approximately two years, providing a future point to review lease terms.
Both leases are expected to come up for renewal in approximately two years, providing a future point to review lease terms.
Key Highlights
- Two commercial units occupied by a restaurant and a tire shop
- Restaurant has operated at the property for over 15 years
- Tire shop has been at the property for more than 10 years
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$44,435
Cap Rate
5.93%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$888,700
$888.7K
Cap Rate 7%
$634,786
$634.8K
Cap Rate 9%
$493,722
$493.7K
Market Conditions
NOI Build-Up for 3,318 SF
Gross rent
$63.7K $19.20/SF
− Vacancy
−$4.5K −$1.34/SF
EGI
$59.2K $17.86/SF
− OpEx
−$14.8K −$4.46/SF
NOI
$44.4K $13.39/SF
Area
Columbus, OH
Vacancy
7.00%
Lease Rate
$19.20 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$888,700
Cap Rate 7%
$634,786
Cap Rate 9%
$493,722
Alternative Uses
Best Use
Specialty Retail
$634.8K
$555.4K – $740.6K
NOI $44,435 @ 7.0% cap · market cap 5.93%
Second Best
Retail
$546.5K
$478.2K – $637.6K
NOI $38,253 @ 7.0% cap · market cap 5.10%
Theoretical Best
Office A
$691.5K
$605.1K – $806.7K
NOI $48,404 @ 7.0% cap · market cap 6.45%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
369
Businesses Nearby
Explore this area
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
Market
Vacancy Rate% for Retail in Columbus, OH
Frequently Asked Questions
What type of property is this?
Mixed-use property - Restaurant and tire-shop tenants have occupied the premises for more than a decade.
Where is this mixed-use property located?
The property is located at 2214-2216 Eakin Road Columbus, OH.
What is the asking price?
The asking price for this property is $749,900.
What are key features of this property?
This property features: Two commercial units occupied by a restaurant and a tire shop; Restaurant has operated at the property for over 15 years; Tire shop has been at the property for more than 10 years
