Remodeled Multi-Office
For Sale
Contact for pricing
254 W Johnstown Road, Gahanna, OH 43230
The building can be leased as a whole or as separate office spaces.
Property Size2,000 SF
Price / SF$0.28
Days on Market82
Property Features for 254 W Johnstown Road
General Information
Standard status
Active
Size
2,000 SF
Property subtype
Office
Additional Details
Office Units
6
Property Use
Office
Amenities
conference room
break room with kitchen area
Building Details
Year Built
1927
Year Renovated
2017
Buildings
1
Stories
3
Listing Agency:
AIM Realty Advisors
(614) 446-7746
Listed By:
Andrew Meyta · License #2014002368
(614) 598-2518
Source:
Livewellhomegrp
Added: Aug 10
Changed: Oct 28
Last Checked: Oct 28 at 4:27PM
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 AIM Realty Advisors
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Investment Insights
Based on property information with market context.
This 2,000-square-foot office building dates to 1927 and was remodeled in 2017. Its three levels contain six offices, a conference room, two bathrooms, and a break area with a kitchen. The first floor has one office and the conference room; the second includes three offices, and the third has two.
Located at 254 W Johnstown Road in Gahanna, the property is available as a full-building lease or in individual offices. The configuration includes shared meeting space and kitchen facilities alongside the private offices.
Located at 254 W Johnstown Road in Gahanna, the property is available as a full-building lease or in individual offices. The configuration includes shared meeting space and kitchen facilities alongside the private offices.
Key Highlights
- 2,000‑square‑foot office building, built in 1927 and remodeled in 2017
- Six offices across three levels
- First floor includes a conference room, bathroom, break area with kitchen, and one office
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$19,973
Suggested Prices Based on Cap Rates
Cap Rate 5%
$399,460
$399.5K
Cap Rate 7%
$285,329
$285.3K
Cap Rate 9%
$221,922
$221.9K
Market Conditions
NOI Build-Up for 2,000 SF
Gross rent
$35.0K $17.52/SF
− Vacancy
−$8.4K −$4.20/SF
EGI
$26.6K $13.32/SF
− OpEx
−$6.7K −$3.33/SF
NOI
$20.0K $9.99/SF
Area
ZIP 43230
Vacancy
24.00%
Lease Rate
$17.52 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$399,460
Cap Rate 7%
$285,329
Cap Rate 9%
$221,922
Alternative Uses
Best Use
Office B
$285.3K
$249.7K – $332.9K
NOI $19,973 @ 7.0% cap · market cap 3,631.45%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$379.4K
$332.0K – $442.6K
NOI $26,557 @ 7.0% cap · market cap 4,828.55%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
6
Office units
Location Intelligence
Trade Area within ½ mile
855
Businesses Nearby
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Business Placement
Demographics for 43230, OH
58,372
Population
26,170
Households
2.2
Avg Household Size
37
Median Age
50%
College-Educated
96%
High-School Grad
20.4 sq mi
ZIP Area
2,861
Density / Sq Mi
$92,271
Median Household Income
$53,832
Median Earnings
$1,407
Median Rent
$282,800
Median Home Value
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Market
Vacancy Rate% for Office in Midwest region
Frequently Asked Questions
What type of property is this?
Office building - The building can be leased as a whole or as separate office spaces.
Where is this office building located?
The property is located at 254 W Johnstown Road Gahanna, OH.
What are key features of this property?
This property features: 2,000‑square‑foot office building, built in 1927 and remodeled in 2017; Six offices across three levels; First floor includes a conference room, bathroom, break area with kitchen, and one office
