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 Market28
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
(614) 586-5017
Listed By:
Ahmed A Salad · License #2016004612
Source:
Kwcore
Added: Aug 4
Changed: Aug 30
Last Checked: Aug 30 at 8:24PM
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
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 = 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
$37,433
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
7.50%
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%
$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
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
$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 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%
$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.
Property Analytics
Property Profile
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
Market
Vacancy Rate% for Office in Columbus, OH
Questions? Ask Rey
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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
