Multi-Tenant Office
New
For Sale
$3,200,000
3070 Riverside Drive, Columbus, OH 43221
Renovated shared areas and office interiors support a multi-suite configuration with second-floor owner-user suite potential.
Property Size19,936 SF
Lot Size1.05 Acres
Price / SF$160.51
Days on Market5
Property Features for 3070 Riverside Drive
General Information
Standard status
Active
Size
19,936 SF
Total Parking Spaces
52
Lot size
1.05 Acres
Additional Details
Office Units
18
Amenities
lobby
security systems
renovated kitchenettes
common area bathrooms
LED lighting
Building Details
Year Built
1971
Buildings
1
Building Size
19,936 SF
Tenancy
Multi
Listing Agency:
Red 1 Realty
(614) 585-9020
Listed By:
Jeffrey Sheu · License #2017006002
(614) 257-8076
Source:
Maryhatem
Added: Oct 1
Last Checked: Oct 5 at 6:05PM
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 Red 1 Realty
Investment Insights
Based on property information with market context.
This multi-tenant office property contains approximately 19,936 square feet across 18 units on 1.05 acres. The building dates to 1971 and includes multiple kitchenettes, four common-area bathrooms, and upgraded LED lighting. Updates include the lobby, parking lot, common areas, roof, office interiors, and security systems. Potential owner-user suites are located on the second floor.
The property is on Riverside Drive in Columbus and includes 52 parking spaces. Its shared amenities and suite configuration provide a range of office layouts within one building.
The property is on Riverside Drive in Columbus and includes 52 parking spaces. Its shared amenities and suite configuration provide a range of office layouts within one building.
Key Highlights
- Approximately 19,936 SF across 18 units
- 1.05‑acre site with 52 parking spaces
- Recent work includes the roof, office interiors, lobby, parking lot, common areas, and security systems
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$230,327
Cap Rate
7.20%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,606,540
$4.6M
Cap Rate 7%
$3,290,386
$3.3M
Cap Rate 9%
$2,559,189
$2.6M
Market Conditions
NOI Build-Up for 19,936 SF
Gross rent
$394.7K $19.80/SF
− Vacancy
−$87.6K −$4.40/SF
EGI
$307.1K $15.40/SF
− OpEx
−$76.8K −$3.85/SF
NOI
$230.3K $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%
$4,606,540
Cap Rate 7%
$3,290,386
Cap Rate 9%
$2,559,189
Alternative Uses
Best Use
Office B
$3.29M
$2.88M – $3.84M
NOI $230,327 @ 7.0% cap · market cap 7.20%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$4.15M
$3.64M – $4.85M
NOI $290,833 @ 7.0% cap · market cap 9.09%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
18
Office units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
234
Businesses Nearby
Explore this area
Business Placement
Demographics for 43221, OH
33,844
Population
15,462
Households
2.2
Avg Household Size
38
Median Age
69%
College-Educated
97%
High-School Grad
9.5 sq mi
ZIP Area
3,563
Density / Sq Mi
$115,393
Median Household Income
$65,082
Median Earnings
$1,441
Median Rent
$419,200
Median Home Value
Check the figures for this property
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 - Renovated shared areas and office interiors support a multi-suite configuration with second-floor owner-user suite potential.
Where is this office building located?
The property is located at 3070 Riverside Drive Columbus, OH.
What is the asking price?
The asking price for this property is $3,200,000.
What are key features of this property?
This property features: Approximately 19,936 SF across 18 units; 1.05‑acre site with 52 parking spaces; Recent work includes the roof, office interiors, lobby, parking lot, common areas, and security systems
