Standalone Brick Office
For Sale
$2,100,000
379 W Olentangy Street, Powell, OH 43065
Standalone brick office facility with private offices, collaborative workspace, meeting rooms, and an updated entrance.
Property Size7,822 SF
Price / SF$268.47
Days on Market9
Property Features for 379 W Olentangy Street
General Information
Standard status
Active
Size
7,822 SF
Property subtype
Office
Taxes and HOA fees
Annual Taxes
$41,931
Amenities
video conferencing
meeting rooms
entertainment lounge
gas fireplace
bar area
kitchen
modern entrance
Building Details
Building Size
7,822 SF
Year Built
2005
Buildings
1
Construction
brick
Listing Agency:
RE/MAX Impact
(614) 747-3710
Listed By:
Lorri Hughes Pritchard · License #395863
(614) 747-3710
Source:
Camtaylor
Added: Jul 30
Changed: Aug 2
Last Checked: Aug 7 at 1:29AM
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 Impact
Investment Insights
Based on property information with market context.
This standalone office facility contains 7,822 square feet within an all-brick building constructed in 2005. The interior includes 14 private executive offices, an open workstation area, and a collaborative zone that supports varied office configurations. Two meeting rooms feature dual 4K video-conferencing systems, while a separate lounge provides a gas fireplace, raised bar, and kitchen. The updated entry offers a contemporary arrival point for employees and visitors.
The property is located in downtown Powell at 379 W Olentangy Street. Its combination of enclosed offices, open work areas, dedicated meeting space, and hospitality-oriented amenities creates a fully built-out corporate office environment.
The property is located in downtown Powell at 379 W Olentangy Street. Its combination of enclosed offices, open work areas, dedicated meeting space, and hospitality-oriented amenities creates a fully built-out corporate office environment.
Key Highlights
- 7822 SF standalone office building
- All‑brick construction completed in 2005
- 14 private executive offices
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
$89,082
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
4.24%
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%
$1,781,640
$1.8M
Cap Rate 7%
$1,272,600
$1.3M
Cap Rate 9%
$989,800
$989.8K
Market Conditions
NOI Build-Up for 7,822 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
$160.5K $20.52/SF
− Vacancy
−$41.7K −$5.34/SF
EGI
$118.8K $15.18/SF
− OpEx
−$29.7K −$3.80/SF
NOI
$89.1K $11.39/SF
Area
Butler County, OH
Vacancy
26.00%
Lease Rate
$20.52 /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%
$1,781,640
Cap Rate 7%
$1,272,600
Cap Rate 9%
$989,800
Alternative Uses
Best Use
Office B
$1.27M
$1.11M – $1.48M
NOI $89,082 @ 7.0% cap · market cap 4.24%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.55M
$1.35M – $1.80M
NOI $108,260 @ 7.0% cap · market cap 5.16%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,056
Businesses Nearby
Explore this area
Business Placement
Demographics for 43065, OH
44,829
Population
17,468
Households
2.6
Avg Household Size
41
Median Age
68%
College-Educated
98%
High-School Grad
28.1 sq mi
ZIP Area
1,595
Density / Sq Mi
$154,797
Median Household Income
$83,357
Median Earnings
$1,811
Median Rent
$451,700
Median Home Value
Market
Vacancy Rate% for Office in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office building - Standalone brick office facility with private offices, collaborative workspace, meeting rooms, and an updated entrance.
Where is this office building located?
The property is located at 379 W Olentangy Street Powell, OH.
What is the asking price?
The asking price for this property is $2,100,000.
What are key features of this property?
This property features: 7822 SF standalone office building; All‑brick construction completed in 2005; 14 private executive offices
