Renovated Commercial Property on Corner
For Sale
$1,488,000
3440 W Broad St, Columbus, OH 43204
Freestanding commercial property with modern upgrades on a corner lot.
Property Size21,844 SF
Days on Market341
Property Features for 3440 W Broad St
General Information
Standard status
Active
Size
21,844 SF
Property subtype
Retail
Site & Location
Neighborhood
Greater Hilltop
Building Details
Building Size
21,844 SF
Year Built
1951
Listing Agency:
Kohr Royer Griffith
Listed By:
Brent Garland · License #OH #2012002167
(614) 551-4485
Source:
Krgre
Added: Nov 24, 2025
Changed: Oct 30
Last Checked: Oct 30 at 1:14PM
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 Kohr Royer Griffith
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Investment Insights
Based on property information with market context.
This freestanding commercial property, built in 1951 and extensively renovated in 2018, combines historic character with modern upgrades. Situated on a 2+/- acre corner lot at West Broad and Wilson Road, the property features 21,844 square feet of interior space, plus a 2,500 square foot basement with double walkout doors and large exterior stairs. The location provides excellent visibility, accessibility, and strong signage opportunities.
Key Highlights
- Prime corner location at West Broad and Wilson Road with excellent visibility and accessibility.
- Extensively renovated in 2018, blending historic character with modern upgrades.
- Large interior space of 21,844 sq. ft. on 2+\/- acres.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$86,374
Cap Rate
5.80%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,727,480
$1.7M
Cap Rate 7%
$1,233,914
$1.2M
Cap Rate 9%
$959,711
$959.7K
Market Conditions
NOI Build-Up for 21,844 SF
Gross rent
$133.7K $6.12/SF
− Vacancy
−$10.3K −$0.47/SF
EGI
$123.4K $5.65/SF
− OpEx
−$37.0K −$1.69/SF
NOI
$86.4K $3.95/SF
Area
Columbus, OH
Vacancy
7.70%
Lease Rate
$6.12 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,727,480
Cap Rate 7%
$1,233,914
Cap Rate 9%
$959,711
Alternative Uses
Best Use
Industrial
$1.23M
$1.08M – $1.44M
NOI $86,374 @ 7.0% cap · market cap 5.80%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$4.55M
$3.98M – $5.31M
NOI $318,668 @ 7.0% cap · market cap 21.42%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
543
Businesses Nearby
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Business Placement
Demographics for 43204, OH
42,315
Population
19,286
Households
2.2
Avg Household Size
35
Median Age
25%
College-Educated
84%
High-School Grad
9.4 sq mi
ZIP Area
4,502
Density / Sq Mi
$59,158
Median Household Income
$38,610
Median Earnings
$1,206
Median Rent
$170,900
Median Home Value
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Market
Vacancy Rate% for Industrial in Columbus, OH
Frequently Asked Questions
What type of property is this?
Industrial property - Freestanding commercial property with modern upgrades on a corner lot.
Where is this industrial property located?
The property is located at 3440 W Broad St Columbus, OH.
What is the asking price?
The asking price for this property is $1,488,000.
What are key features of this property?
This property features: Prime corner location at West Broad and Wilson Road with excellent visibility and accessibility.; Extensively renovated in 2018, blending historic character with modern upgrades.; Large interior space of 21,844 sq. ft. on 2+\/- acres.
