Converted Office
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275 College St, Groveport, OH 43125
Recently renovated 3,776 SF office building with flexible storage accessible from the rear.
Property Size3,776 SF
Price / SF$263.51
Days on Market4
Property Features for 275 College St
General Information
Standard status
Active
Size
3,776 SF
Property subtype
OFFICE
Building Details
Buildings
1
Listing Agency:
Allied Real Estate Advisors
(614) 736-1232
Listed By:
Jake Nolan
Source:
Moodyscre
Added: Jul 28
Changed: Jul 29
Last Checked: Jul 30 at 12:13PM
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 Allied Real Estate Advisors
Investment Insights
Based on property information with market context.
275 College St in Groveport, OH is a 3,776 SF former church recently converted into an office building. The property underwent renovation, supporting immediate office use without down time.
A portion of the building can be utilized as flex storage. Rear access is available to the storage area, creating a convenient option for off-site or overflow inventory while keeping office space functional.
The building’s interior configuration supports office occupancy alongside the attached rear-access storage use, making it well suited for tenants needing both working space and additional storage capacity.
A portion of the building can be utilized as flex storage. Rear access is available to the storage area, creating a convenient option for off-site or overflow inventory while keeping office space functional.
The building’s interior configuration supports office occupancy alongside the attached rear-access storage use, making it well suited for tenants needing both working space and additional storage capacity.
Key Highlights
- 3,776 SF office building converted from a former church
- Recently renovated for office occupancy
- Includes flex storage space
Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $81.6k | $21.60 |
| − Vacancy | −$19.6k | −$5.18 |
| EGI | $62.0k | $16.42 |
| − OpEx | −$15.5k | −$4.10 |
| NOI | $46.5k | $12.31 |
3,776 SF · lease $21.60/SF/yr · vacancy 24.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$664.1K
$581.1K – $774.8K
NOI $46,490 @ 7.0% cap · market cap 4.67%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$769.8K
$673.6K – $898.1K
NOI $53,887 @ 7.0% cap · market cap 5.42%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
244
Businesses Nearby
Explore this area
Business Placement
Demographics for 43125, OH
14,295
Population
6,206
Households
2.3
Avg Household Size
41
Median Age
25%
College-Educated
95%
High-School Grad
31.5 sq mi
ZIP Area
454
Density / Sq Mi
$82,376
Median Household Income
$49,023
Median Earnings
$1,193
Median Rent
$233,200
Median Home Value
Market
Vacancy Rate% for Office in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office building - Recently renovated 3,776 SF office building with flexible storage accessible from the rear.
Where is this office building located?
The property is located at 275 College St Groveport, OH.
What is the asking price?
The asking price for this property is $995,000.
What are key features of this property?
This property features: 3,776 SF office building converted from a former church; Recently renovated for office occupancy; Includes flex storage space
