Mixed-Use Office Condo with
For Sale
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437-453 E Mound St, Columbus, OH
2,301 SF mixed-use condo with cyclorama wall and high ceilings.
Property Size2,301 SF
Lot Size0.20 Acres
Price / SF$234.25
Days on Market341
Property Features for 437-453 E Mound St
General Information
Standard status
Active
Size
2,301 SF
Lot size
0.20 Acres
Property subtype
OFFICE
Site & Location
Neighborhood
Downtown
Listing Agency:
NAI Ohio Equities
(614) 224-2400
Listed By:
John Mally · License #2013004679
(614) 570-7804
Source:
Moodyscre
Added: Nov 24, 2025
Changed: Oct 26
Last Checked: Oct 30 at 11:24AM
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 NAI Ohio Equities
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 2,301 SF mixed-use office condo features 1,800 SF on the first floor and a 500 SF mezzanine. The double unit includes 30-foot high ceilings and an open floor plan with a 24'x15' infinity cyclorama wall suitable for professional photography. The space is ADA compliant and includes a private office and kitchenette. Finished concrete floors and large east-facing windows provide ample natural light. This completely private end-unit space has potential for live-work or residential uses. There are 28 parking spaces available, with 6 allocated to this unit. HOA fees are $250 per month and include water. The space is move-in-ready.
Key Highlights
- Open floor plan featuring a 24'x15' infinity cyclorama wall ideal for professional photography.
- Double unit boasts 30' high ceilings.
- Potential for live‑work or residential transformation.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$26,584
Cap Rate
4.93%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$531,680
$531.7K
Cap Rate 7%
$379,771
$379.8K
Cap Rate 9%
$295,378
$295.4K
Market Conditions
NOI Build-Up for 2,301 SF
Gross rent
$45.6K $19.80/SF
− Vacancy
−$10.1K −$4.40/SF
EGI
$35.4K $15.40/SF
− OpEx
−$8.9K −$3.85/SF
NOI
$26.6K $11.55/SF
Area
Columbus, OH
Vacancy
22.20%
Lease Rate
$19.80 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$531,680
Cap Rate 7%
$379,771
Cap Rate 9%
$295,378
Alternative Uses
Best Use
Office B
$379.8K
$332.3K – $443.1K
NOI $26,584 @ 7.0% cap · market cap 4.93%
Second Best
Mixed Use
$377.2K
$330.1K – $440.1K
NOI $26,404 @ 7.0% cap · market cap 4.90%
Theoretical Best
Office A
$479.5K
$419.6K – $559.5K
NOI $33,568 @ 7.0% cap · market cap 6.23%
Zoning and permitted uses should be independently verified with authorities.
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
6,984
Businesses Nearby
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Business Placement
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Columbus, OH
Frequently Asked Questions
What type of property is this?
Office unit - 2,301 SF mixed-use condo with cyclorama wall and high ceilings.
Where is this office unit located?
The property is located at 437-453 E Mound St Columbus, OH.
What is the asking price?
The asking price for this property is $539,000.
What are key features of this property?
This property features: Open floor plan featuring a **24'x15' infinity cyclorama wall** ideal for professional photography.; Double unit boasts **30' high ceilings**.; Potential for live‑work or residential transformation.
