Standalone Executive Office
For Sale
Under Contract
$2,100,000
379 W Olentangy Street, Powell, OH 43065
Office, Powell, OH
Property Size7,822 SF
Lot Size0.99 Acres
Price / SF$268.47
Days on Market44
Property Features for 379 W Olentangy Street
General Information
Property type
Residential
Property subtype
Office
Parking
35
Standard status
Active Under Contract
APN
319-432-02-010-008
Size
7,822 SF
Lot size
0.99 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
41931
Utilities
Heating system
Forced Air
Water source
Public
Amenities
private executive offices
open collaborative zone
workstation area
meeting rooms
video conferencing
entertainment lounge
gas fireplace
raised bar area
kitchen
modern entrance
Building Details
Year built
2005
Floors in Building
1
Listing Agency:
RE/MAX Impact · RE/MAX International
(614) 523-1000
Listed By:
Lorri Hughes Pritchard · License #395863
(614) 747-3710
Added: Jul 30
Changed: Aug 21
Last Checked: Sep 11 at 4:06AM
MLS# 226028765
Copyright © 2026 Columbus and Central Ohio Multiple Listing Service. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This standalone office building contains 7,822 square feet on a 0.99-acre site in Powell. The all-brick facility was built in 2005 and includes 14 private executive offices, an open workstation area, and a separate collaborative zone. Two meeting rooms are equipped for video conferencing, while an entertainment lounge adds a gas fireplace, raised bar, and kitchen. A modernized entrance provides the primary arrival point.
Located on W Olentangy Street in downtown Powell, the property has forced-air heating and public water service. Its combination of private rooms, open work areas, meeting facilities, and shared amenities supports a range of office configurations within a freestanding setting.
Located on W Olentangy Street in downtown Powell, the property has forced-air heating and public water service. Its combination of private rooms, open work areas, meeting facilities, and shared amenities supports a range of office configurations within a freestanding setting.
Key Highlights
- 7,822‑square‑foot standalone office building on 0.99 acres
- 14 private executive offices
- Open workstation area and dedicated collaborative zone
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
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open 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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Office in Midwest region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Office building - Brick commercial property combines private offices, collaborative workspace, meeting rooms, and a lounge with kitchen.
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: 7,822‑square‑foot standalone office building on 0.99 acres; 14 private executive offices; Open workstation area and dedicated collaborative zone
