Mixed-Use Property with
For Sale
Contact for pricing
36-40 E Twelfth Ave, Columbus, OH 43201
Flexible room layouts include shared living areas, a separate studio, and a substantial office component.
Property Size6,971 SF
Price / SF$82.48
Days on Market19
Property Features for 36-40 E Twelfth Ave
General Information
Standard status
Active
Size
6,971 SF
Property subtype
RETAIL
Amenities
office space
open common spaces
laundry
private access
Listing Agency:
Coldwell Banker Realty
(651) 730-2589
Listed By:
Janet A Rung
(614) 600-8475
Source:
Moodyscre
Added: Sep 26
Changed: Oct 2
Last Checked: Oct 12 at 10:02PM
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 Coldwell Banker Realty
Investment Insights
Based on property information with market context.
This 6,971-square-foot mixed-use property combines a large office area with four or five single-room units and open common spaces. The second floor includes a kitchen and dining area, while bathrooms serve the second and third floors. Main-level features include laundry and living areas. A separate studio has its own kitchen, bathroom, and private access.
The property is at 36-40 E Twelfth Ave in Columbus, Ohio, near The Ohio State University, with the surrounding context identified as off-campus housing.
The property is at 36-40 E Twelfth Ave in Columbus, Ohio, near The Ohio State University, with the surrounding context identified as off-campus housing.
Key Highlights
- 6,971‑square‑foot mixed‑use property
- Large office area with 4 or 5 single‑room units
- Shared spaces include second‑floor kitchen and dining, upper‑floor bathrooms, and main‑level laundry and living areas
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$47,750
Cap Rate
8.30%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$955,000
$955.0K
Cap Rate 7%
$682,143
$682.1K
Cap Rate 9%
$530,556
$530.6K
Market Conditions
NOI Build-Up for 6,971 SF
Gross rent
$92.9K $13.32/SF
− Vacancy
−$6.0K −$0.87/SF
EGI
$86.8K $12.45/SF
− OpEx
−$39.1K −$5.60/SF
NOI
$47.8K $6.85/SF
Area
Columbus, OH
Vacancy
6.50%
Lease Rate
$13.32 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$955,000
Cap Rate 7%
$682,143
Cap Rate 9%
$530,556
Alternative Uses
Best Use
Mixed Use
$1.14M
$999.9K – $1.33M
NOI $79,992 @ 7.0% cap · market cap 13.91%
Second Best
Apartment 5plus
$682.1K
$596.9K – $795.8K
NOI $47,750 @ 7.0% cap · market cap 8.30%
Theoretical Best
Office A
$1.45M
$1.27M – $1.69M
NOI $101,695 @ 7.0% cap · market cap 17.69%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,931
Businesses Nearby
Explore this area
Business Placement
Demographics for 43201, OH
37,528
Population
17,484
Households
2.1
Avg Household Size
26
Median Age
65%
College-Educated
95%
High-School Grad
3.1 sq mi
ZIP Area
12,106
Density / Sq Mi
$43,451
Median Household Income
$21,792
Median Earnings
$1,299
Median Rent
$438,300
Median Home Value
Market
Vacancy Rate% for Multifamily in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Flexible room layouts include shared living areas, a separate studio, and a substantial office component.
Where is this mixed-use property located?
The property is located at 36-40 E Twelfth Ave Columbus, OH.
What is the asking price?
The asking price for this property is $575,000.
What are key features of this property?
This property features: 6,971‑square‑foot mixed‑use property; Large office area with 4 or 5 single‑room units; Shared spaces include second‑floor kitchen and dining, upper‑floor bathrooms, and main‑level laundry and living areas
