Mixed-Use Building with Apartment
458 Miller Avenue Columbus, OH 43205
For Sale
Contact for pricing
Two-story mixed-use building with a six-unit apartment complex.
Property Size10,004 SF
Price / SF$119.45
Days on Market77
Property Features for 458 Miller Avenue
General Information
Standard status
Active
Size
10,004 SF
Property subtype
Retail, Multifamily, Mixed Use
Building Details
Year Built
1912
Listing Agency:
Carriage Trade Realty, Inc.
(614) 296-5784
Listed By:
Nina Masseria · License #262010
Source:
Crexi
Added: May 13
Changed: Jul 10
Last Checked: Jul 28 at 6:28AM
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 Carriage Trade Realty, Inc.
Investment Insights
Based on property information with market context.
This is a solid brick, two-story mixed-use building that includes a six-unit apartment complex. The units and exterior have been recently renovated and are in turnkey condition. The property size is 10004 square feet.
Key Highlights
- Solid brick construction ensures durability.
- Mixed‑use commercial and residential building offers diverse income potential.
- Six‑unit apartment complex provides steady rental income.
Financial Insights For Apartment 5plus
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 | $133.3k | $13.32 |
| − Vacancy | −$8.7k | −$0.87 |
| EGI | $124.6k | $12.45 |
| − OpEx | −$56.1k | −$5.60 |
| NOI | $68.5k | $6.85 |
10,004 SF · lease $13.32/SF/yr · vacancy 6.50% · expense 45.00%
Alternative Uses
Best Use
Mixed Use
$1.64M
$1.43M – $1.91M
NOI $114,796 @ 7.0% cap · market cap 9.61%
Second Best
Apartment 5plus
$978.9K
$856.6K – $1.14M
NOI $68,525 @ 7.0% cap · market cap 5.73%
Theoretical Best
Office A
$2.08M
$1.82M – $2.43M
NOI $145,942 @ 7.0% cap · market cap 12.21%
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?
Mixed-use property - Two-story mixed-use building with a six-unit apartment complex.
Where is this mixed-use property located?
The property is located at 458 Miller Avenue Columbus, OH.
What is the asking price?
The asking price for this property is $1,195,000.
What are key features of this property?
This property features: Solid brick construction ensures durability.; Mixed‑use commercial and residential building offers diverse income potential.; Six‑unit apartment complex provides steady rental income.
