Office Building with Warehouse
New
For Sale
Contact for pricing
275 Outerbelt St, Columbus, OH 43213
A single-story office property includes a warehouse area and is available as a complete building for an owner-user.
Property Size12,492 SF
Price / SF$168.11
Days on Market4
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Property Features for 275 Outerbelt St
General Information
Standard status
Active
Size
12,492 SF
Total Parking Spaces
26
Property subtype
OFFICE
Additional Details
Asking Price
$2,100,000
Building Details
Buildings
1
Stories
1
Building Size
12,492 SF
Construction
brick
Listing Agency:
CBRE | Columbus
(614) 224-1492
Listed By:
Don Matsanoff
(614) 430-5000
Source:
Moodyscre
Added: Oct 12
Changed: Oct 15
Last Checked: Oct 15 at 2:45AM
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 CBRE | Columbus
Investment Insights
Based on property information with market context.
The 12,492-square-foot office building is configured on one level and has a brick exterior. A small warehouse area with an overhead door is also part of the building. The entire property is available for an owner-user.
The site has 26 striped parking spaces, with surface area available to accommodate additional parking.
The site has 26 striped parking spaces, with surface area available to accommodate additional parking.
Key Highlights
- 12,492‑square‑foot single‑story office building
- Small warehouse area with an overhead door
- Brick exterior
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$144,324
Cap Rate
6.87%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,886,480
$2.9M
Cap Rate 7%
$2,061,771
$2.1M
Cap Rate 9%
$1,603,600
$1.6M
Market Conditions
NOI Build-Up for 12,492 SF
Gross rent
$247.3K $19.80/SF
− Vacancy
−$54.9K −$4.40/SF
EGI
$192.4K $15.40/SF
− OpEx
−$48.1K −$3.85/SF
NOI
$144.3K $11.55/SF
Area
Columbus, OH
Vacancy
22.20%
Lease Rate
$19.80 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,886,480
Cap Rate 7%
$2,061,771
Cap Rate 9%
$1,603,600
Alternative Uses
Best Use
Office B
$2.06M
$1.80M – $2.41M
NOI $144,324 @ 7.0% cap · market cap 6.87%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.60M
$2.28M – $3.04M
NOI $182,238 @ 7.0% cap · market cap 8.68%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
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Current Use
Location Intelligence
Trade Area within ½ mile
929
Businesses Nearby
Explore this area
Business Placement
Demographics for 43213, OH
35,105
Population
17,069
Households
2.1
Avg Household Size
37
Median Age
23%
College-Educated
90%
High-School Grad
10.3 sq mi
ZIP Area
3,408
Density / Sq Mi
$53,908
Median Household Income
$37,753
Median Earnings
$1,107
Median Rent
$197,700
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Office in Columbus, OH
Frequently Asked Questions
What type of property is this?
Office building - A single-story office property includes a warehouse area and is available as a complete building for an owner-user.
Where is this office building located?
The property is located at 275 Outerbelt St Columbus, OH.
What is the asking price?
The asking price for this property is $2,100,000.
What are key features of this property?
This property features: 12,492‑square‑foot single‑story office building; Small warehouse area with an overhead door; Brick exterior
