Office Units with Flexible
For Sale
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2656 N Columbus Street, Lancaster, OH 43130
Three vacant suites offer options for tenants seeking office space in Lancaster’s business corridor.
Property Size15,948 SF
Price / SF$0.00
Days on Market43
Property Features for 2656 N Columbus Street
General Information
Standard status
Active
Size
15,948 SF
Property subtype
Office
Additional Details
Property Use
Office
Building Details
Year Built
2021
Listing Agency:
AAG Realty & Auction, LLC
(740) 503-2936
Listed By:
Jeffrey A Sauer · License #2004018087
(740) 503-2126
Source:
Styerrep
Added: Sep 21
Changed: Nov 1
Last Checked: Nov 1 at 3:16PM
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 AAG Realty & Auction, LLC
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Investment Insights
Based on property information with market context.
This 15,948-square-foot office property, built in 2021, comprises multiple buildings. Three spaces are currently vacant, measuring 800, 1,120 and 2,300 square feet. The owner can remodel a space or configure it to tenant requirements. On-site management and ample parking serve the property, and utilities are separately metered.
The property is in Lancaster’s business corridor, near retail, restaurants, auto dealerships, medical offices and FMC Hospital.
The property is in Lancaster’s business corridor, near retail, restaurants, auto dealerships, medical offices and FMC Hospital.
Key Highlights
- Three available suites: 800 SF, 1,120 SF and 2,300 SF
- Multiple office buildings totaling 15,948 square feet
- Built in 2021
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$192,435
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,848,700
$3.8M
Cap Rate 7%
$2,749,071
$2.7M
Cap Rate 9%
$2,138,167
$2.1M
Market Conditions
NOI Build-Up for 15,948 SF
Gross rent
$342.6K $21.48/SF
− Vacancy
−$86.0K −$5.39/SF
EGI
$256.6K $16.09/SF
− OpEx
−$64.1K −$4.02/SF
NOI
$192.4K $12.07/SF
Area
Fairfield County, OH
Vacancy
25.10%
Lease Rate
$21.48 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,848,700
Cap Rate 7%
$2,749,071
Cap Rate 9%
$2,138,167
Alternative Uses
Best Use
Office B
$2.75M
$2.41M – $3.21M
NOI $192,435 @ 7.0% cap · market cap 1,202,718.75%
Second Best
—
—
no second resolved use
Theoretical Best
Warehouse
$3.21M
$2.81M – $3.75M
NOI $225,005 @ 7.0% cap · market cap 1,406,281.25%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
493
Businesses Nearby
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Business Placement
Demographics for 43130, OH
62,010
Population
26,434
Households
2.3
Avg Household Size
41
Median Age
23%
College-Educated
92%
High-School Grad
164.5 sq mi
ZIP Area
377
Density / Sq Mi
$68,242
Median Household Income
$43,936
Median Earnings
$1,031
Median Rent
$215,900
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Midwest region
Frequently Asked Questions
What type of property is this?
Office unit - Three vacant suites offer options for tenants seeking office space in Lancaster’s business corridor.
Where is this office unit located?
The property is located at 2656 N Columbus Street Lancaster, OH.
What are key features of this property?
This property features: Three available suites: 800 SF, 1,120 SF and 2,300 SF; Multiple office buildings totaling 15,948 square feet; Built in 2021
