Two-Story Office
For Sale
$499,000
2505 Woodley Rd, Columbus, OH 43231
Separate entrances and ADA accessibility support flexible occupancy and office use.
Property Size4,860 SF
Lot Size0.24 Acres
Price / SF$154.01
Days on Market73
Property Features for 2505 Woodley Rd
General Information
Standard status
Active
Size
4,860 SF
Total Parking Spaces
12
Lot size
0.24 Acres
Amenities
ADA accessible
separate entrances
Building Details
Year Built
1965
Buildings
1
Stories
2
Building Size
4,860 SF
Listing Agency:
Key Realty
Listed By:
Ahmed A Salad · License #2016004612
(614) 586-5017
Source:
Thelorilynngroup
Added: Aug 4
Changed: Oct 8
Last Checked: Oct 15 at 2:05AM
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 Key Realty
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Investment Insights
Based on property information with market context.
Located at 2505 Woodley Road in Columbus, Ohio, this two-story office building was constructed in 1965 and offers separate entrances for distinct access arrangements or shared occupancy. ADA accessibility is also provided, supporting a range of professional office configurations.
The property sits on a 0.24-acre lot in Minerva Park, an established community with residential and business activity. Twelve parking spaces serve the building, while its position within the neighborhood provides visibility from the surrounding area. The office layout is suited to an owner-user seeking a dedicated commercial location or to an arrangement involving separate office areas, subject to applicable requirements.
The property sits on a 0.24-acre lot in Minerva Park, an established community with residential and business activity. Twelve parking spaces serve the building, while its position within the neighborhood provides visibility from the surrounding area. The office layout is suited to an owner-user seeking a dedicated commercial location or to an arrangement involving separate office areas, subject to applicable requirements.
Key Highlights
- Two‑story office building constructed in 1965
- 0.24‑acre lot in Minerva Park
- Separate entrances support distinct access arrangements
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$37,433
Cap Rate
7.50%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$748,660
$748.7K
Cap Rate 7%
$534,757
$534.8K
Cap Rate 9%
$415,922
$415.9K
Market Conditions
NOI Build-Up for 3,240 SF
Gross rent
$64.2K $19.80/SF
− Vacancy
−$14.2K −$4.40/SF
EGI
$49.9K $15.40/SF
− OpEx
−$12.5K −$3.85/SF
NOI
$37.4K $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%
$748,660
Cap Rate 7%
$534,757
Cap Rate 9%
$415,922
Alternative Uses
Best Use
Office B
$534.8K
$467.9K – $623.9K
NOI $37,433 @ 7.0% cap · market cap 7.50%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$675.2K
$590.8K – $787.8K
NOI $47,266 @ 7.0% cap · market cap 9.47%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
411
Businesses Nearby
Explore this area
Business Placement
Demographics for 43231, OH
22,126
Population
9,005
Households
2.5
Avg Household Size
34
Median Age
31%
College-Educated
90%
High-School Grad
4.2 sq mi
ZIP Area
5,268
Density / Sq Mi
$75,096
Median Household Income
$37,882
Median Earnings
$1,127
Median Rent
$222,500
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Columbus, OH
Frequently Asked Questions
What type of property is this?
Office building - Separate entrances and ADA accessibility support flexible occupancy and office use.
Where is this office building located?
The property is located at 2505 Woodley Rd Columbus, OH.
What is the asking price?
The asking price for this property is $499,000.
What are key features of this property?
This property features: Two‑story office building constructed in 1965; 0.24‑acre lot in Minerva Park; Separate entrances support distinct access arrangements
