Redevelopment Opportunity on Mock
For Sale
Contact for pricing
2511 Mock Rd, Columbus, OH 43219
4,027 SF building on 2.11 acres, C-4 Zoned.
Property Size4,027 SF
Lot Size2.11 Acres
Price / SF$235.91
Days on Market183
Property Features for 2511 Mock Rd
General Information
Standard status
Active
Size
4,027 SF
Lot size
2.11 Acres
Property subtype
Mixed Use
Zoning
C4
Building Details
Year Built
1992
Stories
1
Listing Agency:
The Robert Weiler Company
(614) 348-7777
Listed By:
Antoine Matthews CCIM · License #2003021183
Source:
Crexi
Added: Feb 19
Changed: Aug 10
Last Checked: Aug 20 at 10:09PM
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 The Robert Weiler Company
Investment Insights
Based on property information with market context.
This property presents a development opportunity with a 4,027 +/- SF former school building situated on 2.11 +/- acres. Zoned C-4 Commercial, the high-visibility property occupies the hard corner of Mock Road and Bar Harbor Road, offering excellent access and frontage. The site benefits from a prime location adjacent to Mock Park and direct service along the COTA bus line, providing convenient connectivity for users and visitors. It is also positioned along the Mock Road Connector project and sits directly on this new path, specifically where the project includes “on-street along Mock Rd to Bar Harbor Rd” and eventually connects to a new trailhead at Sunbury Road via Bethesda. This project is designed to enhance neighborhood connectivity, safety, and recreational access throughout the Linden area. Ongoing public and private investment in the corridor, supported by the City of Columbus and local neighborhood development organizations, is driving renewed growth and revitalization. With its flexible commercial zoning, prominent corner presence, and large parcel size, the property presents an excellent opportunity for redevelopment, community-oriented uses, or adaptive reuse. It is a high-visibility "hard corner" at Mock Road and Bar Harbor Road.
Key Highlights
- Prime location on the hard corner of Mock Road and Bar Harbor Road with high visibility.
- Large 2.11 +/- acre parcel zoned C‑4 Commercial, suitable for redevelopment or adaptive reuse.
- Directly benefits from the Mock Road Connector project, enhancing connectivity and access.
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
$46,210
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
4.86%
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%
$924,200
$924.2K
Cap Rate 7%
$660,143
$660.1K
Cap Rate 9%
$513,444
$513.4K
Market Conditions
NOI Build-Up for 4,027 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
$82.2K $20.40/SF
− Vacancy
−$8.2K −$2.04/SF
EGI
$73.9K $18.36/SF
− OpEx
−$27.7K −$6.89/SF
NOI
$46.2K $11.48/SF
Area
Columbus, OH
Vacancy
10.00%
Lease Rate
$20.40 /SF/Yr
Expense Ratio
37.50%
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%
$924,200
Cap Rate 7%
$660,143
Cap Rate 9%
$513,444
Alternative Uses
Best Use
Mixed Use
$660.1K
$577.6K – $770.2K
NOI $46,210 @ 7.0% cap · market cap 4.86%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$839.2K
$734.3K – $979.1K
NOI $58,747 @ 7.0% cap · market cap 6.18%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
130
Businesses Nearby
Explore this area
Business Placement
Demographics for 43219, OH
30,457
Population
13,210
Households
2.3
Avg Household Size
33
Median Age
22%
College-Educated
82%
High-School Grad
16.0 sq mi
ZIP Area
1,904
Density / Sq Mi
$51,860
Median Household Income
$32,459
Median Earnings
$1,191
Median Rent
$173,600
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - 4,027 SF building on 2.11 acres, C-4 Zoned.
Where is this mixed-use property located?
The property is located at 2511 Mock Rd Columbus, OH.
What is the asking price?
The asking price for this property is $950,000.
What are key features of this property?
This property features: Prime location on the hard corner of Mock Road and Bar Harbor Road with high visibility.; Large 2.11 +/- acre parcel zoned C‑4 Commercial, suitable for redevelopment or adaptive reuse.; Directly benefits from the Mock Road Connector project, enhancing connectivity and access.
