Corner Mixed-Use
For Sale
$1,100,000
256 E Whittier St, Columbus, OH 43206
Two vacant apartments sit above commercial space in a corner-lot building serving German Village.
Property Size6,761 SF
Price / SF$162.70
Days on Market78
Property Features for 256 E Whittier St
General Information
Standard status
Active
Size
6,761 SF
Additional Details
Corner Location
Yes
Building Details
Year Built
1923
Listing Agency:
Carleton Realty, LLC
Listed By:
William C Hinterschied
(614) 891-0000
Source:
Thelorilynngroup
Added: Jul 29
Changed: Oct 5
Last Checked: Oct 7 at 1:05PM
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 Carleton Realty, LLC
Investment Insights
Based on property information with market context.
Built in 1923, this mixed-use property combines commercial space with two rental apartments located above. Both apartments are currently vacant, offering a clear existing residential component alongside the business-oriented portion of the building.
The property occupies a corner lot at 256 E. Whittier Street in Columbus’s German Village. Schiller Park is nearby, along with restaurants and other businesses that contribute to the surrounding commercial and community setting.
The property occupies a corner lot at 256 E. Whittier Street in Columbus’s German Village. Schiller Park is nearby, along with restaurants and other businesses that contribute to the surrounding commercial and community setting.
Key Highlights
- Mixed‑use building constructed in 1923
- Two rental apartments positioned above the commercial space
- Both apartments are currently vacant
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$77,948
Cap Rate
7.09%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,558,960
$1.6M
Cap Rate 7%
$1,113,543
$1.1M
Cap Rate 9%
$866,089
$866.1K
Market Conditions
NOI Build-Up for 6,761 SF
Gross rent
$121.7K $18.00/SF
− Vacancy
−$10.3K −$1.53/SF
EGI
$111.4K $16.47/SF
− OpEx
−$33.4K −$4.94/SF
NOI
$77.9K $11.53/SF
Area
Columbus, OH
Vacancy
8.50%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,558,960
Cap Rate 7%
$1,113,543
Cap Rate 9%
$866,089
Alternative Uses
Best Use
Retail
$1.11M
$974.4K – $1.30M
NOI $77,948 @ 7.0% cap · market cap 7.09%
Second Best
Mixed Use
$1.11M
$969.8K – $1.29M
NOI $77,582 @ 7.0% cap · market cap 7.05%
Theoretical Best
Office A
$1.41M
$1.23M – $1.64M
NOI $98,632 @ 7.0% cap · market cap 8.97%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
3,325
Businesses Nearby
Explore this area
Business Placement
Demographics for 43206, OH
21,594
Population
12,758
Households
1.7
Avg Household Size
35
Median Age
48%
College-Educated
94%
High-School Grad
3.0 sq mi
ZIP Area
7,198
Density / Sq Mi
$74,421
Median Household Income
$52,603
Median Earnings
$1,339
Median Rent
$280,400
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in Columbus, OH
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Two vacant apartments sit above commercial space in a corner-lot building serving German Village.
Where is this mixed-use property located?
The property is located at 256 E Whittier St Columbus, OH.
What is the asking price?
The asking price for this property is $1,100,000.
What are key features of this property?
This property features: Mixed‑use building constructed in 1923; Two rental apartments positioned above the commercial space; Both apartments are currently vacant
