Renovated Historic Office
For Sale
Contact for pricing
30 E Columbus St, Columbus, OH 43206
Three-parcel office property with updated interiors, exposed brick, natural light, and private off-street parking.
Property Size5,819 SF
Price / SF$256.92
Days on Market10
Property Features for 30 E Columbus St
General Information
Standard status
Active
Size
5,819 SF
Property subtype
Office
Additional Details
Highway Access
Yes
Listing Agency:
NAI Ohio Equities, LLC
Listed By:
Gabriel Dent · License #SAL.2025005415
(380) 237-6839
Source:
Crexi
Added: Sep 2
Changed: Sep 9
Last Checked: Sep 10 at 8:13AM
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, LLC
Investment Insights
Based on property information with market context.
This office property comprises three parcels totaling approximately 5,819 SF, with professional office interiors and recent renovations. Exposed brick, strong natural light, historic architectural details, and contemporary improvements create a character-rich workplace environment. Private off-street parking adds practical convenience for occupants and visitors.
The property is positioned in German Village near dining, retail, and other neighborhood amenities. Access to I-70 and I-71 supports travel throughout the area, while proximity to Nationwide Children’s Hospital, the Franklin County Courthouse, and Downtown Columbus broadens its surrounding employment and institutional context.
The configuration can accommodate an owner-user, professional service business, or investor, subject to applicable requirements. The three parcels measure approximately 1,845 SF, 1,468 SF, and 2,506 SF, respectively.
The property is positioned in German Village near dining, retail, and other neighborhood amenities. Access to I-70 and I-71 supports travel throughout the area, while proximity to Nationwide Children’s Hospital, the Franklin County Courthouse, and Downtown Columbus broadens its surrounding employment and institutional context.
The configuration can accommodate an owner-user, professional service business, or investor, subject to applicable requirements. The three parcels measure approximately 1,845 SF, 1,468 SF, and 2,506 SF, respectively.
Key Highlights
- Three parcels totaling approximately 5,819 SF
- Individual parcel sizes of 1,845 SF, 1,468 SF, and 2,506 SF
- Recently renovated professional office buildouts
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$67,229
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.50%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,344,580
$1.3M
Cap Rate 7%
$960,414
$960.4K
Cap Rate 9%
$746,989
$747.0K
Market Conditions
NOI Build-Up for 5,819 SF
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.
Gross rent
$115.2K $19.80/SF
− Vacancy
−$25.6K −$4.40/SF
EGI
$89.6K $15.40/SF
− OpEx
−$22.4K −$3.85/SF
NOI
$67.2K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,344,580
Cap Rate 7%
$960,414
Cap Rate 9%
$746,989
Alternative Uses
Best Use
Office B
$960.4K
$840.4K – $1.12M
NOI $67,229 @ 7.0% cap · market cap 4.50%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.21M
$1.06M – $1.41M
NOI $84,890 @ 7.0% cap · market cap 5.68%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Columbus, OH
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Frequently Asked Questions
What type of property is this?
Office building - Three-parcel office property with updated interiors, exposed brick, natural light, and private off-street parking.
Where is this office building located?
The property is located at 30 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 parcels totaling approximately 5,819 SF; Individual parcel sizes of 1,845 SF, 1,468 SF, and 2,506 SF; Recently renovated professional office buildouts
