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    Bexley Freestanding Retail/Office Building Title is generated by Realmo AI

    2690 East Main Street, Columbus, OH 43209

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    For Lease
    $21 SF/Yr $2,523/Mo (calc)

    1,442 SF building in Bexley's Main Street corridor.

    Type:Retail
    Property size:
    1,442 SF
    Added:
    Mar 6, 2026
    Days on Market:
    73
    Last Refresh:
    Apr 5 at 11:18 pm

    Property Features for 2690 East Main Street

    General Information

    Standard status
    Active
    Size
    1,442 SF
    Property subtype
    Retail

    Building Details

    Year Built
    1974

    Spaces For Lease

    at 2690 East Main Street Contact us

    We can help!

    Listing Contact
    John Mally
    John Mally

    Listing agent John Mally License #2013004679

    Listing office NAI Ohio Equities

    Listing date Mar 6, 2026

    Source Naiglobal

    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 NAI Ohio Equities

    HighLights

    • Prime location in the heart of Bexley's Main Street corridor, a high‑income, walkable community.
    • Freestanding 1,442 SF building with excellent street presence and monument signage.
    • Private rear parking and strong daily traffic counts.
    • Flexible layout ideal for retail, professional office, medical, or wellness use.
    • Minutes from Downtown Columbus and I‑670, providing easy access to a dense residential and workforce population.
    • Walkable to Bexley amenities and schools.

    Overview

    Located in the heart of downtown Bexley, this freestanding 1,442 SF building is situated along one of Columbus' most established commercial corridors. The property offers strong daily traffic counts and exceptional visibility. It features a flexible layout suitable for retail or office use, making it ideal for retail, professional office, medical, and wellness businesses. The building includes a rear parking lot, street parking, and monument signage. Exterior and landscape updates are planned for 2026. The location is walkable to Bexley amenities and schools and provides immediate access to Downtown Columbus, Bexley, and major interstate connections, positioning it in the center of a dense residential and workforce population. The property is surrounded by national retailers, neighborhood service businesses, and ongoing reinvestment along East Main. New ownership is making improvements and is ready to accommodate a new concept. This space offers true street presence, private rear parking, and monument signage in a walkable, high-income community just minutes from Downtown Columbus.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Nationwide Insurance: Robert ... Insurance Agency J S Graham ... Accounting Firm Wood Bill Insurance Agency

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Daycare Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Columbus
    County
    Delaware
    State
    Ohio
    Longitude
    -82.9268
    Latitude
    39.9571

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    FAQs

    What type of property is this?
    Storefront property - 1,442 SF building in Bexley's Main Street corridor.
    Where is this storefront property located?
    The property is located at 2690 East Main Street Columbus, OH.
    What is the lease rate?
    The lease rate is $21 SF/Yr.
    What are key features of this property?
    This property features: Prime location in the heart of Bexley's Main Street corridor, a high‑income, walkable community.; Freestanding 1,442 SF building with excellent street presence and monument signage.; Private rear parking and strong daily traffic counts.
    (614) 629-5254
    We can help!
    Listing Contact
    John Mally
    John Mally
    Real Estate License ID: 2013004679
    Learn More
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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