Renovated Creative Office
For Sale
$849,000
275 College Street Groveport, Groveport, OH 43125
Turnkey renovated office with workstations, private conference room with Zoom, kitchenette, and ample front-and-rear parking.
Property Size3,600 SF
Price / SF$235.83
Days on Market93
Property Features for 275 College Street Groveport
General Information
Standard status
Active
Size
3,600 SF
Taxes and HOA fees
Annual Taxes
$8,302
Amenities
No
Public
0.28
3600.0
Building Details
Building Size
3,600 SF
Year Built
1900
Stories
1
Listed By:
Yashar Bayramzade
(614) 660-5959
Source:
Movenowohio
Added: Jul 7
Changed: Oct 7
Last Checked: Oct 7 at 8:36AM
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 Yashar Bayramzade
Investment Insights
Based on property information with market context.
This renovated office property offers more than 3,600 square feet designed for flexible, workplace use. The interior includes individual workstations, separate men’s and women’s restrooms, and a conference room intended for private meetings, equipped with Zoom capabilities. A fully appointed kitchenette features a dishwasher and garbage disposal for daily convenience. Additional flex space is currently used as an architectural product library, with extra workstations available to support a range of business functions.
Located at 275 College Street in Groveport, Ohio, the property is set up for convenient daily access. Parking is available in both the front and rear, accommodating employees and visitors with on-site convenience.
For buyers or tenants seeking an office environment that balances ready-to-use functionality with flexible interior space, this setup is purpose-built. The combination of dedicated meeting space, separate restroom facilities, and a dedicated kitchenette supports day-to-day operations. The included flex area and additional workstations allow for adaptable use within the office footprint, whether for project-based teams or specialty workspace needs. The purchase also includes an additional parcel at 283 College Street, with lot dimensions of 39' x 154'.
Located at 275 College Street in Groveport, Ohio, the property is set up for convenient daily access. Parking is available in both the front and rear, accommodating employees and visitors with on-site convenience.
For buyers or tenants seeking an office environment that balances ready-to-use functionality with flexible interior space, this setup is purpose-built. The combination of dedicated meeting space, separate restroom facilities, and a dedicated kitchenette supports day-to-day operations. The included flex area and additional workstations allow for adaptable use within the office footprint, whether for project-based teams or specialty workspace needs. The purchase also includes an additional parcel at 283 College Street, with lot dimensions of 39' x 154'.
Key Highlights
- More than 3,600 SF of renovated office space formerly a church
- Includes individual workstations plus an additional flex space with extra workstations
- Private conference room with Zoom capabilities
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$44,323
Cap Rate
5.22%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$886,460
$886.5K
Cap Rate 7%
$633,186
$633.2K
Cap Rate 9%
$492,478
$492.5K
Market Conditions
NOI Build-Up for 3,600 SF
Gross rent
$77.8K $21.60/SF
− Vacancy
−$18.7K −$5.18/SF
EGI
$59.1K $16.42/SF
− OpEx
−$14.8K −$4.10/SF
NOI
$44.3K $12.31/SF
Area
Franklin County, OH
Vacancy
24.00%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$886,460
Cap Rate 7%
$633,186
Cap Rate 9%
$492,478
Alternative Uses
Best Use
Office B
$633.2K
$554.0K – $738.7K
NOI $44,323 @ 7.0% cap · market cap 5.22%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$733.9K
$642.2K – $856.3K
NOI $51,376 @ 7.0% cap · market cap 6.05%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
319
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
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Market
Vacancy Rate% for Office in Midwest region
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Frequently Asked Questions
What type of property is this?
Office building - Turnkey renovated office with workstations, private conference room with Zoom, kitchenette, and ample front-and-rear parking.
Where is this office building located?
The property is located at 275 College Street Groveport Groveport, OH.
What is the asking price?
The asking price for this property is $849,000.
What are key features of this property?
This property features: More than 3,600 SF of renovated office space formerly a church; Includes individual workstations plus an additional flex space with extra workstations; Private conference room with Zoom capabilities
