Linworth Mixed-Use Property For
For Sale
$579,000
2290 W Dublin Granville Road, Columbus, OH 43085
Mixed-use property in Linworth, across from new shopping center.
Property Size1,498 SF
Price / SF$386.52
Days on Market907
Property Features for 2290 W Dublin Granville Road
General Information
Standard status
Active
Size
1,498 SF
Total Parking Spaces
10
Amenities
Forced Air, Natural Gas
Building Details
Building Size
1,498 SF
Year Built
1870
Stories
2
Listed By:
Thomas F Calhoon
(614) 296-3400
Source:
Evrealestate
Added: Apr 13, 2024
Changed: Oct 1
Last Checked: Oct 5 at 4:49PM
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 Thomas F Calhoon
Investment Insights
Based on property information with market context.
This mixed-use property in Linworth presents an opportunity for business ventures. The property includes a small, separate building. It is located directly across the street from a new shopping center in Linworth. The property size is 1498 square feet.
Key Highlights
- Great opportunity for a business.
- Located in Linworth.
- Small separate building included.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$17,307
Cap Rate
2.99%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$346,140
$346.1K
Cap Rate 7%
$247,243
$247.2K
Cap Rate 9%
$192,300
$192.3K
Market Conditions
NOI Build-Up for 1,498 SF
Gross rent
$29.7K $19.80/SF
− Vacancy
−$6.6K −$4.40/SF
EGI
$23.1K $15.40/SF
− OpEx
−$5.8K −$3.85/SF
NOI
$17.3K $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 Rate 5%
$346,140
Cap Rate 7%
$247,243
Cap Rate 9%
$192,300
Alternative Uses
Best Use
Office B
$247.2K
$216.3K – $288.5K
NOI $17,307 @ 7.0% cap · market cap 2.99%
Second Best
Retail
$246.7K
$215.9K – $287.8K
NOI $17,270 @ 7.0% cap · market cap 2.98%
Theoretical Best
Office A
$312.2K
$273.2K – $364.2K
NOI $21,853 @ 7.0% cap · market cap 3.77%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
1,076
Businesses Nearby
Explore this area
Business Placement
Demographics for 43085, OH
25,566
Population
10,961
Households
2.3
Avg Household Size
39
Median Age
62%
College-Educated
97%
High-School Grad
7.3 sq mi
ZIP Area
3,502
Density / Sq Mi
$112,474
Median Household Income
$63,239
Median Earnings
$1,405
Median Rent
$373,300
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Office in Columbus, OH
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Mixed-use property in Linworth, across from new shopping center.
Where is this mixed-use property located?
The property is located at 2290 W Dublin Granville Road Columbus, OH.
What is the asking price?
The asking price for this property is $579,000.
What are key features of this property?
This property features: Great opportunity for a business.; Located in Linworth.; Small separate building included.
