Downtown Office Condo with
451-453 E Mound Street Columbus, OH 43215
For Sale
$539,000
Move-in-ready office condo with loft, open floor plan.
Property Size2,301 SF
Price / SF$234.25
Days on Market182
Property Features for 451-453 E Mound Street
General Information
Standard status
Active
Size
2,301 SF
Property subtype
Office
Building Details
Year Built
2007
Listing Agency:
NAI Ohio Equities
(614) 570-7804
Listed By:
John Mally · License #2013004679
(614) 570-7804
Source:
Ohioequities
Added: Jan 27
Changed: Jul 6
Last Checked: Jul 28 at 5:34AM
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 For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $45.6k | $19.80 |
| − Vacancy | −$10.1k | −$4.40 |
| EGI | $35.4k | $15.40 |
| − OpEx | −$8.9k | −$3.85 |
| NOI | $26.6k | $11.55 |
2,301 SF · lease $19.80/SF/yr · vacancy 22.20% · expense 25.00%
Alternative Uses
Best Use
Office B
$379.8K
$332.3K – $443.1K
NOI $26,584 @ 7.0% cap · market cap 4.93%
Second Best
Retail
$379.0K
$331.6K – $442.1K
NOI $26,528 @ 7.0% cap · market cap 4.92%
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.
Property Analytics
Property Profile
Location Intelligence
Current Use
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).