Updated Mixed-Use Commercial
For Sale
$185,000
301 S Hamilton Road, Columbus, OH 43213
Flexible office layout includes private rooms, customer waiting space, kitchenette, storage, and front and side parking.
Property Size750 SF
Price / SF$246.67
Days on Market13
Property Features for 301 S Hamilton Road
General Information
Standard status
Active
Size
750 SF
Property subtype
Mixed Use
Additional Details
Furnished
Yes
Office Units
1
Taxes and HOA fees
Annual Taxes
$2,087
Amenities
kitchenette
security system
Building Details
Building Size
750 SF
Year Built
1952
Buildings
1
Tenancy
Single
Owner Occupied
Yes
Listing Agency:
RE/MAX Consultant Group
(614) 306-5039
Listed By:
Todd A Jarvis · License #2003004288
(614) 306-5039
Source:
Camtaylor
Added: Jul 28
Changed: Aug 8
Last Checked: Aug 8 at 9:48AM
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 RE/MAX Consultant Group
Investment Insights
Based on property information with market context.
This mixed-use commercial property offers a practical arrangement for professional, retail, or service operations. The interior includes a front reception area, a primary office, two private offices, a bathroom, a rear room suited to storage or office use, and a kitchenette. Neutral interior finishes, newer front and rear entry doors, a tankless hot water system, refreshed landscaping, and an installed security system are among the property updates. Furniture currently in the building will remain, supporting a straightforward transition for the next owner.
The property sits across from Roosters and Tee Jaye’s, with reported daily activity of approximately 10 walk-ins. Prominent signage is available, while parking is provided at the front and side. Rear yard access is also available, with potential to expand the parking area. The building was constructed in 1952.
The property sits across from Roosters and Tee Jaye’s, with reported daily activity of approximately 10 walk-ins. Prominent signage is available, while parking is provided at the front and side. Rear yard access is also available, with potential to expand the parking area. The building was constructed in 1952.
Key Highlights
- Mixed‑use property with front waiting area, main office, two private offices, bathroom, rear room, and kitchenette
- Approximately 10 walk‑ins per day reported
- Across from Roosters and Tee Jaye's
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
$8,665
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
4.68%
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%
$173,300
$173.3K
Cap Rate 7%
$123,786
$123.8K
Cap Rate 9%
$96,278
$96.3K
Market Conditions
NOI Build-Up for 750 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
$14.9K $19.80/SF
− Vacancy
−$3.3K −$4.40/SF
EGI
$11.6K $15.40/SF
− OpEx
−$2.9K −$3.85/SF
NOI
$8.7K $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%
$173,300
Cap Rate 7%
$123,786
Cap Rate 9%
$96,278
Alternative Uses
Best Use
Office B
$123.8K
$108.3K – $144.4K
NOI $8,665 @ 7.0% cap · market cap 4.68%
Second Best
Retail
$123.5K
$108.1K – $144.1K
NOI $8,647 @ 7.0% cap · market cap 4.67%
Theoretical Best
Office A
$156.3K
$136.8K – $182.4K
NOI $10,941 @ 7.0% cap · market cap 5.91%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
1
Office units
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
849
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
Market
Vacancy Rate% for Office in Columbus, OH
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Flexible office layout includes private rooms, customer waiting space, kitchenette, storage, and front and side parking.
Where is this mixed-use property located?
The property is located at 301 S Hamilton Road Columbus, OH.
What is the asking price?
The asking price for this property is $185,000.
What are key features of this property?
This property features: Mixed‑use property with front waiting area, main office, two private offices, bathroom, rear room, and kitchenette; Approximately 10 walk‑ins per day reported; Across from Roosters and Tee Jaye's
