Office Building with Updated
3070 RIVERSIDE DR, Upper Arlington, OH 43221
For Sale
Contact for pricing
Second-floor suites may accommodate an owner-user configuration.
Property Size19,936 SF
Lot Size1.05 Acres
Price / SF$145.47
Days on Market55
Property Features for 3070 RIVERSIDE DR
General Information
Standard status
Size
Total Parking Spaces
Lot size
Property subtype
Additional Details
Office Units
Amenities
lobby
common areas
security systems
renovated kitchenettes
common area bathrooms
upgraded LED lighting
Building Details
Year Built
Buildings
Building Size
Tenancy
Listing Agency:
Red One Realty
Listed By:
Jeff Sheu · License OH #2017006002
(614) 257-8076
Source:
Crexi
Added: Sep 17
Changed: Nov 8
Last Checked: Nov 10 at 8:09AM
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 One Realty
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This multi-tenant office property contains 19,936~ SF across 18 units on 1.05 acres. Built in 1971, the building includes several renovated kitchenettes, four shared bathrooms, and upgraded LED lighting. Improvements also include refreshed office interiors, lobby and common areas, parking lot, roof, and security systems.
The property provides 52 parking spaces. Second-floor suites offer potential for owner occupancy, and the building has a history of occupancy.
The property provides 52 parking spaces. Second-floor suites offer potential for owner occupancy, and the building has a history of occupancy.
Key Highlights
- 19,936~ SF office building on 1.05 acres
- 18 total units in a multi‑tenant configuration
- 52 parking spaces
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$245,452
Cap Rate
8.46%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,909,040
$4.9M
Cap Rate 7%
$3,506,457
$3.5M
Cap Rate 9%
$2,727,244
$2.7M
Market Conditions
NOI Build-Up for 19,936 SF
Gross rent
$430.6K $21.60/SF
− Vacancy
−$103.3K −$5.18/SF
EGI
$327.3K $16.42/SF
− OpEx
−$81.8K −$4.10/SF
NOI
$245.5K $12.31/SF
Area
Franklin County, OH
Vacancy
24.00%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,909,040
Cap Rate 7%
$3,506,457
Cap Rate 9%
$2,727,244
Alternative Uses
Best Use
Office B
$3.51M
$3.07M – $4.09M
NOI $245,452 @ 7.0% cap · market cap 8.46%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$4.06M
$3.56M – $4.74M
NOI $284,506 @ 7.0% cap · market cap 9.81%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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
$419,200
Median Home Value
Market
Average Price Trend$/SF for Office buildings in Franklin County, OH
Properties on Market for Office buildings in Franklin County
Vacancy Rate% for Office in Midwest region
Frequently Asked Questions
What type of property is this?
Office building - Second-floor suites may accommodate an owner-user configuration.
Where is this office building located?
The property is located at 3070 RIVERSIDE DR Upper Arlington, OH.
What is the asking price?
The asking price for this property is $2,900,000.
What are key features of this property?
This property features: 19,936~ SF office building on 1.05 acres; 18 total units in a multi‑tenant configuration; 52 parking spaces
