Two-Story Office Building with Separate
2505 Woodley Road Columbus, OH 43231
For Sale
$499,000
SINGLE_FAMILY - Columbus, OH
Property Size3,240 SF
Lot Size0.24 Acres
Price / SF$154.01
Days on Market328
Property Features for 2505 Woodley Road
General Information
Property type
Residential
Property subtype
Office
Parking
12
Standard status
Active
APN
113-000696
Size
3,240 SF
Lot size
0.24 Acres
Taxes and HOA fees
Tax Year
2024
Tax Annual Amount
9159
Building Details
Year built
1965
Floors in Building
2
Listing Agency:
Key Realty
(877) 539-7589
Listed By:
Ahmed A Salad · License #2016004612
(614) 586-5017
Added: Sep 4, 2025
Changed: Jul 27
Last Checked: Jul 28 at 9:06PM
MLS# 225033475
Copyright © 2026 Columbus and Central Ohio Multiple Listing Service. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
Built in 1965, this well-maintained two-story office building offers an approximately 1,620-square-foot layout on each level (about 4,860 square feet total). The property is positioned as a versatile blank slate for professional users, with a configuration that includes separate entrances to support privacy or dual-use flexibility. ADA accessibility is included, and the building is supported by 12 parking spaces, making it practical for day-to-day operations.
Located at 2505 Woodley Road in Columbus (Franklin County), the building sits on a 0.24-acre lot in Minerva Park, a centrally located community. The setting is described as having high visibility and an established mix of residential and business activity, which can be an advantage for office users seeking local presence.
This property is well-suited for firms looking to establish or expand a headquarters with room to organize space across two floors. The separate-entry design can support a single-tenant business plan or help accommodate multiple groups under one roof. With its ready-to-adapt interior and supportive parking and accessibility features, it offers a straightforward option for professional office use.
Located at 2505 Woodley Road in Columbus (Franklin County), the building sits on a 0.24-acre lot in Minerva Park, a centrally located community. The setting is described as having high visibility and an established mix of residential and business activity, which can be an advantage for office users seeking local presence.
This property is well-suited for firms looking to establish or expand a headquarters with room to organize space across two floors. The separate-entry design can support a single-tenant business plan or help accommodate multiple groups under one roof. With its ready-to-adapt interior and supportive parking and accessibility features, it offers a straightforward option for professional office use.
Key Highlights
- Prime location in the centrally located and established community of Minerva Park with high visibility.
- Approximately 4,860 sq ft of office space offering a blank slate for customization.
- Separate entrances provide seamless privacy and dual‑use flexibility.
Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $64.2k | $19.80 |
| − Vacancy | −$14.2k | −$4.40 |
| EGI | $49.9k | $15.40 |
| − OpEx | −$12.5k | −$3.85 |
| NOI | $37.4k | $11.55 |
3,240 SF · lease $19.80/SF/yr · vacancy 22.20% · expense 25.00%
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
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Office building - Well-maintained, ADA-accessible office building with ample parking and a layout designed for privacy or dual-use flexibility.
Where is this office building located?
The property is located at 2505 Woodley Road 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: Prime location in the centrally located and established community of Minerva Park with high visibility.; Approximately 4,860 sq ft of office space offering a blank slate for customization.; Separate entrances provide seamless privacy and dual‑use flexibility.
