Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    5 N Sandusky St Delaware, OH 43015

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Lease
    $16 SF/Yr

    Renovated office space in downtown Delaware, available April 1, 2020.

    Type:Office
    Property size:
    10,000 SF
    Added:
    Nov 21, 2025
    Days on Market:
    133
    Last Refresh:
    Apr 1 at 8:04 pm

    Property Features for 5 N Sandusky St

    General Information

    Standard status
    Active
    Size
    10,000 SF
    Property subtype
    Office

    Building Details

    Year Built
    1920

    Spaces For Lease

    at 5 N Sandusky St Contact us

    We can help!

    Listing Contact
    Brett Post
    Brett Post

    Listing agent Brett Post License #OH #2014000355

    Listing office 3CRE Advisors, LLC - corporate

    Listing date Nov 21, 2025

    Source 3cre

    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 3CRE Advisors, LLC - corporate

    Overview

    Downtown Delaware Office Space Available

    Located in downtown Delaware, this office space is situated on the second and third floors above Son of Thurman's. The spaces can be rented separately or combined to create larger office areas. Currently under construction, the space is targeted to be available by April 1, 2020. The renovated top two floors are positioned to be a sought-after location in the downtown market. The offices overlook North Sandusky Road and William Street. The office spaces feature high ceilings. The property size is 10000 square feet.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Exactly You Boudoir Photography Service Jacob's Way Social Service Agency Son of Thurman Restaurant

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Daycare Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Delaware
    County
    Delaware
    State
    Ohio
    Longitude
    -83.0681
    Latitude
    40.2991

    Nearby Similar for Lease

    • Contact for pricing

      Modern Office Space in Delaware

      Flexible office spaces in downtown Delaware with modern amenities.
      35 N Sandusky St, Delaware, OH 43015
      View Details
    • Contact for pricing

      Delaware Industrial Warehouse with Office

      4,080 SF warehouse with 1,680 SF office on 0.75 acres.
      237 Curtis Street, Delaware, OH 43015
      View Details
    • Contact for pricing

      Industrial Warehouse with Fenced Lot

      4,080 SF warehouse with 1,680 SF office space for lease.
      237 Curtis Street, Delaware, OH 43015
      View Details
    • Contact for pricing

      Downtown Delaware Office Suites For Lease

      Two 500 SF office suites in vibrant downtown Delaware, OH.
      43 N Sandusky St, Delaware, OH 43015
      View Details
    • Sponsored
      Contact for pricing

      OH, Delaware - Winter St

      1 Winter St, Unit 200, Delaware, OH 43015
      View Details
    • $20/mo

      Retail and Office Space Available

      Retail and office spaces in a new mixed-use complex.
      15 Flax Street, Delaware, OH 43015
      View Details
    • Contact for pricing

      Downtown Delaware Office Space For Rent

      Office space in a central Delaware location with excellent visibility.
      12 1/2 N Sandusky St, Delaware, OH 43015
      View Details
    • Contact for pricing

      Remodeled Downtown Suites For Rent

      Remodeled suites in downtown Delaware, suitable for office or retail.
      23 West Winter Street, Delaware, OH 43015
      View Details
    • $14/mo

      Medical Office Space Near Hospital

      First floor ADA accessible medical office space for lease.
      454 West Central Avenue, Delaware, OH, 43015
      View Details
    • $18/mo

      Customizable Retail Space in Delaware

      3000 SF retail/restaurant space in downtown Delaware, Ohio.
      41 N Sandusky St, Delaware, OH 43015
      View Details
    • $29/mo

      Renovated Retail and Office Space

      Retail, office, and restaurant spaces available in Delaware City.
      60 Lake St, Delaware, OH
      View Details
    • $10/mo

      Prime Retail Space Available

      Retail property for rent in a desirable downtown location.
      1-5 W Winter St, Delaware, OH
      View Details

    FAQs

    What type of property is this?
    Office units - Renovated office space in downtown Delaware, available April 1, 2020.
    Where is this office units located?
    The property is located at 5 N Sandusky St Delaware, OH.
    What is the lease rate?
    The lease rate is $16 SF/Yr.
    What are key features of this property?
    This property features: Prime downtown Delaware location above Son of Thurman's.; New development/renovated office space.; Targeted availability of April 1st, 2020.
    (513) 745-9333
    We can help!
    Listing Contact
    Brett Post
    Brett Post
    Real Estate License ID: OH #2014000355
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!