Two-Story Office
New
For Sale
Contact for pricing
4924 Reed Rd, Columbus, OH 43220
A two-level workspace combines reception, meeting, private-office, and open-office areas with restrooms and a break area.
Property Size1,873 SF
Price / SF$128.14
Days on Market7
Property Features for 4924 Reed Rd
General Information
Standard status
Active
Size
1,873 SF
Property subtype
OFFICE
Additional Details
Floor
1-2
Highway Access
Yes
Office Units
1
Building Details
Stories
2
Listing Agency:
Rj Boll Realty, Ltd.
(614) 799-2100
Listed By:
Jake Boll, SIOR · License #SAL.2016006108
(614) 307-9933
Source:
Moodyscre
Added: Sep 30
Changed: Oct 3
Last Checked: Oct 5 at 8:21PM
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 Rj Boll Realty, Ltd.
Investment Insights
Based on property information with market context.
This 1,873-square-foot office condominium at 4924 Reed Road, Unit B, has a two-story layout. The first floor includes an entry and reception area with vaulted ceilings, a conference room, two private offices, a break area, and separate men’s and women’s restrooms. Upstairs, the space includes both open and private offices. The property has a new roof, gutters, and parking lot.
The Columbus property is positioned between Bethel Road and West Henderson Road, with access to I-270, SR-315, and US-33/Riverside Drive.
The Columbus property is positioned between Bethel Road and West Henderson Road, with access to I-270, SR-315, and US-33/Riverside Drive.
Key Highlights
- 1,873‑square‑foot, two‑story office condominium
- First floor includes two private offices and a conference room
- Upper level offers a combination of open and private office space
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$21,639
Cap Rate
9.02%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$432,780
$432.8K
Cap Rate 7%
$309,129
$309.1K
Cap Rate 9%
$240,433
$240.4K
Market Conditions
NOI Build-Up for 1,873 SF
Gross rent
$37.1K $19.80/SF
− Vacancy
−$8.2K −$4.40/SF
EGI
$28.9K $15.40/SF
− OpEx
−$7.2K −$3.85/SF
NOI
$21.6K $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%
$432,780
Cap Rate 7%
$309,129
Cap Rate 9%
$240,433
Alternative Uses
Best Use
Office B
$309.1K
$270.5K – $360.7K
NOI $21,639 @ 7.0% cap · market cap 9.02%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$390.3K
$341.6K – $455.4K
NOI $27,324 @ 7.0% cap · market cap 11.39%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
1
Office units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,543
Businesses Nearby
Explore this area
Business Placement
Demographics for 43220, OH
27,736
Population
14,157
Households
2
Avg Household Size
37
Median Age
63%
College-Educated
96%
High-School Grad
6.6 sq mi
ZIP Area
4,202
Density / Sq Mi
$77,090
Median Household Income
$49,863
Median Earnings
$1,202
Median Rent
$463,200
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
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Frequently Asked Questions
What type of property is this?
Office units - A two-level workspace combines reception, meeting, private-office, and open-office areas with restrooms and a break area.
Where is this office units located?
The property is located at 4924 Reed Rd Columbus, OH.
What is the asking price?
The asking price for this property is $240,000.
What are key features of this property?
This property features: 1,873‑square‑foot, two‑story office condominium; First floor includes two private offices and a conference room; Upper level offers a combination of open and private office space
