Office Unit with Cyclorama
For Sale
$539,000
451 E Mound #453, Columbus, OH 43215
An open layout, private office, and on-site parking support a range of professional work settings.
Property Size2,301 SF
Price / SF$234.25
Days on Market28
Property Features for 451 E Mound #453
General Information
Standard status
Active
Size
2,301 SF
Property subtype
Mixed Use
Site & Location
Neighborhood
Downtown
Additional Details
Condition
Move-in Ready
Property Use
Office
Amenities
large east-facing glass windows
open floor plan
private office
kitchenette
full kitchen
Cyclorama Wall
gas range and hood
Building Details
Year Built
2007
Listing Agency:
NAI Ohio Equities, Realtors
(614) 224-2400
Listed By:
John W Mally · License #2013004679
(614) 570-7804
Source:
Livewellhomegrp
Added: Oct 2
Changed: Oct 28
Last Checked: Oct 28 at 3:08PM
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, Realtors
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Investment Insights
Based on property information with market context.
This 2,301-square-foot office unit was built in 2007 and combines an open work area with a private office. East-facing glass windows bring daylight into the space, which also includes a Cyclorama Wall and one restroom. The property has its own parking lot and is identified as a downtown Columbus office location.
Key Highlights
- 2,301‑square‑foot office unit
- Cyclorama Wall within the office
- Open work area and separate private office
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
—
—
no second resolved use
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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Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
5,519
Businesses Nearby
Explore this area
Business Placement
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
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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 - An open layout, private office, and on-site parking support a range of professional work settings.
Where is this office unit located?
The property is located at 451 E Mound #453 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: 2,301‑square‑foot office unit; Cyclorama Wall within the office; Open work area and separate private office
