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    Creative Office Condo with Mezzanine Title is generated by Realmo AI

    441 East Mound Street, Columbus, OH 43215

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    For Sale
    $349,500

    Bright office condo features floor-to-ceiling glazing, a mezzanine for flexible use, and dedicated plus street parking.

    Type:Office / Condominium
    Property size:
    1,480 SF
    Price / SF:
    $236/SF
    Added:
    Dec 11, 2025
    Days on Market:
    178
    Last Refresh:
    Jun 6 at 3:48 am

    Property Features for 441 East Mound Street

    General Information

    Standard status
    Active
    Size
    1,480 SF
    Property subtype
    Office / Condominium

    Building Details

    Year Built
    2002

    We can help!

    Listing Contact
    Douglas D Smith

    Listing agent Douglas D Smith License #2018005015

    Listing office The Westwood Real Estate Co.

    Listing date Dec 11, 2025

    Source Compass

    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 The Westwood Real Estate Co.

    HighLights

    • Bright 2‑story office condo built in 2002 with dramatic east‑facing floor‑to‑ceiling window glazing
    • 600 SF mezzanine adds flexible space for meetings, studio use, collaborative workspace, or events
    • Full kitchenette with appliances, ADA‑compliant restroom, and gas heat
    • AT&T Fiber availability and low HOA dues that include water and trash service
    • 28 total parking spaces, including two dedicated spaces, plus abundant free street parking
    • Located along the Mound Street corridor with immediate access to I‑70 and I‑71

    Overview

    This creative office condo offers a bright, character-driven layout with dramatic east-facing floor-to-ceiling window glazing. The space includes a large first-floor area that can support an open office, a conference room, or a client-facing environment, along with a versatile 600 SF mezzanine for meetings, studio work, collaboration, or small events. Additional amenities include a full kitchenette with appliances, an ADA-compliant restroom, and AT&T Fiber availability. Low HOA dues include water and trash service.

    Located in Downtown Columbus along the Mound Street corridor, the property provides convenient access to I-70 and I-71. Parking includes 28 total spaces, with two dedicated spots plus abundant free street parking.

    Designed for professional services and creative operations, the configuration supports day-to-day office use while offering an additional level for production, storage, or space for clients and teams. The mezzanine’s adaptability can also help separate meeting or studio functions from the main work area. Fiber availability and a kitchenette make it practical for teams that work onsite during the day.
    Location Intelligence

    Current Use by Public Records

    OnScene Productions Film Production IAMedia Video Production Film Production Storytellers Anonymous Film Production GregJamesPhoto.com Photography Service

    Suggested Use

    Restaurant Real Estate Agency Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Law Firm Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Columbus
    County
    Delaware
    State
    Ohio
    Longitude
    -82.9872843
    Latitude
    39.9559111

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    FAQs

    What type of property is this?
    Office units - Bright office condo features floor-to-ceiling glazing, a mezzanine for flexible use, and dedicated plus street parking.
    Where is this office units located?
    The property is located at 441 East Mound Street Columbus, OH.
    What is the asking price?
    The asking price for this property is $349,500.
    What are key features of this property?
    This property features: Bright 2‑story office condo built in 2002 with dramatic east‑facing floor‑to‑ceiling window glazing; 600 SF mezzanine adds flexible space for meetings, studio use, collaborative workspace, or events; Full kitchenette with appliances, ADA‑compliant restroom, and gas heat
    (614) 869-7139
    We can help!
    Listing Contact
    Douglas D Smith
    Real Estate License ID: 2018005015
    Learn More
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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