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Downtown Office Condo with Loft
For Sale
$539,000

451-453 E Mound Street, Columbus, OH 43215

Move-in-ready office condo with loft, open floor plan.

Property Size2,301 SF
Price / SF$234.25
Days on Market252

Property Features for 451-453 E Mound Street

General Information

Standard status Active
Size 2,301 SF
Class A
Property subtype Office

Building Details

Building Size 2,301 SF
Year Built 2007
Listing Agency: NAI | Ohio Equities
Listed By: John Mally · License #2013004679
Source: Ohioequities
Added: Jan 27 Changed: Sep 7 Last Checked: Oct 5 at 5:10PM

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

Investment Insights

Based on property information with market context.

This impressive downtown office condo is available for sale. The lofted office space is move-in-ready and features large east-facing glass windows, an open floor plan, a private office, and a kitchenette. The property provides ample parking for employees and visitors with its own parking lot and provides convenient access to major travel routes. This high-end build features one restroom and a full kitchen that could be modified to meet multiple professional space needs. The space is suitable for a small creative studio that does professional photography, featuring a Cyclorama Wall. Food artists will appreciate the full kitchen with gas range and hood. This is a fully built-out office condo with a second-floor loft located in the heart of Downtown Columbus, between E Mount St and E Engler St, just off I-70 as you enter downtown. The Downtown District zoning allows for Retail, Office, Medical, or Residential Uses. The property is located in close proximity to Franklin University, Children's Hospital, and German Village. In addition, the location of the property provides convenient access to primary travel routes and ample parking. The property is a 2,301 SF mixed-use office condo with 1,800 SF on the 1st Floor and 500 SF Mezzanine. It features an open floor plan with 24'x15' Infinity Cyclorama Wall for Professional Photography, double unit with 30' high ceilings, ADA with private office and kitchenette, and a completely private end-unit space. The HOA fees are $250 per month and include water. Potential for live-work or residential uses. The space features finished concrete floors and large east-facing windows and has 28 parking spaces, with 6 allocated to this unit.

Key Highlights

  • Move‑in‑ready downtown office condo with flexible Downtown District zoning (Retail, Office, Medical, or Residential Uses).
  • Unique features include a 24'x15' Infinity Cyclorama Wall for professional photography and a full kitchen with gas range and hood.
  • Ample parking with 6 allocated spaces and convenient access to major travel routes (I‑70).

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 (±1% cap)
NOI $26,584 @ 7.0% cap · market cap 4.93%
Second Best
Retail
$379.0K
$331.6K – $442.1K (±1% cap)
NOI $26,528 @ 7.0% cap · market cap 4.92%
Theoretical Best
Office A
$479.5K
$419.6K – $559.5K (±1% cap)
NOI $33,568 @ 7.0% cap · market cap 6.23%
Zoning and permitted uses should be independently verified with authorities.

Property Analytics

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Current Use

Creative space

Suggested Use

Top Pick Building Supply Auto Parts Store Big Box & Wholesale Store Electrical Service Storage Facility Kitchen & Bath Showroom

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

5,519
Businesses Nearby

Demographics for 43215, OH

20,761
Population
13,428
Households
1.5
Avg Household Size
32
Median Age
71%
College-Educated
97%
High-School Grad
5.1 sq mi
ZIP Area
4,071
Density / Sq Mi
$74,469
Median Household Income
$59,521
Median Earnings
$1,487
Median Rent
$508,300
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 Columbus, OH

14.1% 2019
20.2% 2020
23.4% 2021
26.3% 2022
25.6% 2023
24.1% 2024
23.5% 2025
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Frequently Asked Questions

What type of property is this?
Creative space - Move-in-ready office condo with loft, open floor plan.
Where is this creative space located?
The property is located at 451-453 E Mound Street 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: Move‑in‑ready downtown office condo with flexible Downtown District zoning (Retail, Office, Medical, or Residential Uses).; Unique features include a 24'x15' Infinity Cyclorama Wall for professional photography and a full kitchen with gas range and hood.; Ample parking with 6 allocated spaces and convenient access to major travel routes (I‑70).
More about this property
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