Mixed-Use Building with
For Sale
$829,000
26542660 Broad Street, Columbus, OH 43204
Residential units sit above ground-floor retail spaces, with coin-operated laundry available on the upper level.
Property Size10,336 SF
Price / SF$80.21
Days on Market130
Property Features for 26542660 Broad Street
General Information
Standard status
Active
Size
10,336 SF
Property subtype
General Commercial
Site & Location
Road Access
Yes
Public Transit
Yes
Additional Details
Multifamily Units
8
Amenities
coin operated laundry
3
Building Details
Year Built
1928
Buildings
1
Tenancy
Multi
Listing Agency:
Carleton Realty, LLC
(614) 649-4540
Listed By:
Evan Kline
(614) 649-4540
Source:
Xome
Added: Apr 2
Changed: Aug 8
Last Checked: Aug 9 at 5:11AM
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.
This mixed-use building combines 8 residential apartments above 3 retail spaces, providing separate residential and commercial components within one property. The upper level includes convenient coin-operated laundry facilities for apartment residents. Built in 1928, the property contains 10,336 square feet and is configured for both residential and retail occupancy.
The property is located along the West Broad St corridor in Columbus’ Hilltop neighborhood, with transit access and nearby amenities. Its combination of apartments and ground-floor commercial space creates a varied occupancy profile within an established Columbus location.
The property is located along the West Broad St corridor in Columbus’ Hilltop neighborhood, with transit access and nearby amenities. Its combination of apartments and ground-floor commercial space creates a varied occupancy profile within an established Columbus location.
Key Highlights
- 8 residential apartments above 3 retail spaces
- 10,336 square feet of mixed‑use building area
- Coin‑operated laundry facilities on the upper level
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
$70,800
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
8.54%
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%
$1,416,000
$1.4M
Cap Rate 7%
$1,011,429
$1.0M
Cap Rate 9%
$786,667
$786.7K
Market Conditions
NOI Build-Up for 10,336 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
$137.7K $13.32/SF
− Vacancy
−$8.9K −$0.87/SF
EGI
$128.7K $12.45/SF
− OpEx
−$57.9K −$5.60/SF
NOI
$70.8K $6.85/SF
Area
Columbus, OH
Vacancy
6.50%
Lease Rate
$13.32 /SF/Yr
Expense Ratio
45.00%
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%
$1,416,000
Cap Rate 7%
$1,011,429
Cap Rate 9%
$786,667
Alternative Uses
Best Use
Retail
$1.70M
$1.49M – $1.99M
NOI $119,164 @ 7.0% cap · market cap 14.37%
Second Best
Mixed Use
$1.69M
$1.48M – $1.98M
NOI $118,606 @ 7.0% cap · market cap 14.31%
Theoretical Best
Office A
$2.15M
$1.88M – $2.51M
NOI $150,785 @ 7.0% cap · market cap 18.19%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
8
Residential units
Multi-tenant
Tenancy
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
151
Businesses Nearby
Explore this area
Business Placement
Demographics for 43204, OH
42,315
Population
19,286
Households
2.2
Avg Household Size
35
Median Age
25%
College-Educated
84%
High-School Grad
9.4 sq mi
ZIP Area
4,502
Density / Sq Mi
$59,158
Median Household Income
$38,610
Median Earnings
$1,206
Median Rent
$170,900
Median Home Value
Market
Vacancy Rate% for Multifamily in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Residential units sit above ground-floor retail spaces, with coin-operated laundry available on the upper level.
Where is this mixed-use property located?
The property is located at 26542660 Broad Street Columbus, OH.
What is the asking price?
The asking price for this property is $829,000.
What are key features of this property?
This property features: 8 residential apartments above 3 retail spaces; 10,336 square feet of mixed‑use building area; Coin‑operated laundry facilities on the upper level
