Building Details

Buildings 3

Listing Agency: NAI Ohio Equities Show Phone

Listed By: Gabriel Dent · License #SAL.2025005415 Show Phone

Source: Moodyscre

Added: Sep 1 Changed: Oct 16 Last Checked: Oct 16 at 11:52AM

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Investment Insights

Based on property information with market context.

This office property comprises three recently renovated buildings totaling 5,049 square feet. The individual structures measure 1,338 square feet at 30 E Columbus St, 1,475 square feet at 40 E Columbus St, and 2,236 square feet at 762 S Pearl Ave. Interior character includes exposed brick and abundant natural light, while private off-street parking adds practical functionality for occupants and visitors.

The portfolio is positioned in German Village with walkable access to dining, retail, and other amenities. I-70 and I-71 provide convenient regional connectivity, and the property is near Nationwide Children’s Hospital and the Franklin County Courthouse. The layout and recent improvements support professional service office use.

Key Highlights

• Three‑building office portfolio totaling 5,049 SF
• 30 E Columbus St building contains 1,338 SF
• 40 E Columbus St building contains 1,475 SF

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$58,333

Cap Rate

3.90%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,166,660 $1.2M

Cap Rate 7%

$833,329 $833.3K

Cap Rate 9%

$648,144 $648.1K

Is this asking price fair?

Market Conditions

NOI Build-Up for 5,049 SF

Gross rent

$100.0K $19.80/SF

− Vacancy

−$22.2K −$4.40/SF

EGI

$77.8K $15.40/SF

− OpEx

−$19.4K −$3.85/SF

NOI

$58.3K $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%

$1,166,660

Cap Rate 7%

$833,329

Cap Rate 9%

$648,144

Alternative Uses

Best Use

Office B

$833.3K

$729.2K – $972.2K (±1% cap)

NOI $58,333 @ 7.0% cap · market cap 3.90%

Second Best

—

—

no second resolved use

Theoretical Best

Office A

$1.05M

$920.7K – $1.23M (±1% cap)

NOI $73,657 @ 7.0% cap · market cap 4.93%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Current Use

Office buildings

Suggested Use

Top Pick Grocery & Convenience Store Electrical Service Food Market (Bike/Boat/Book/etc) Store Clothing & Fashion Store Butcher

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Yes

Highway access

Location Intelligence

Trade Area within ½ mile

1,822

Businesses Nearby

Explore this area Business Placement

Demographics for 43206, OH

21,594

Population

12,758

Households

1.7

Avg Household Size

35

Median Age

48%

College-Educated

94%

High-School Grad

3.0 sq mi

ZIP Area

7,198

Density / Sq Mi

$74,421

Median Household Income

$52,603

Median Earnings

$1,339

Median Rent

$280,400

Median Home Value

Market

Vacancy Rate% for Office in Columbus, OH

14.1% 2019

20.2% 2020

23.4% 2021

26.3% 2022

25.6% 2023

24.1% 2024

23.5% 2025

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Frequently Asked Questions

What type of property is this?

Office building - Three recently improved buildings offer professional office space with exposed brick, natural light, and private off-street parking.

Where is this office building located?

The property is located at 30-40 E Columbus St Columbus, OH.

What is the asking price?

The asking price for this property is $1,495,000.

What are key features of this property?

This property features: Three‑building office portfolio totaling 5,049 SF; 30 E Columbus St building contains 1,338 SF; 40 E Columbus St building contains 1,475 SF