Office Unit with Six
5003 Horizons Dr, Upper Arlington, OH 43220
For Sale
Contact for pricing
Configured with multiple offices, a conference room, and dedicated kitchen space.
Property Size2,633 SF
Price / SF$341.82
Days on Market55
Property Features for 5003 Horizons Dr
General Information
Standard status
Size
Property subtype
Amenities
Conference Room
Kitchen space
Listing Agency:
Colliers | Columbus
(614) 436-9800
Listed By:
Marty Ellinger · License OH #2021005812
(614) 753-0486
Source:
Moodyscre
Added: Sep 17
Changed: Oct 25
Last Checked: Nov 10 at 11:42AM
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 Colliers | Columbus
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Investment Insights
Based on property information with market context.
This 2633-square-foot office unit features an established interior layout with six offices, a conference room, and kitchen space. The existing improvements provide a functional professional setting with distinct work areas and shared meeting and support spaces.
Located at 5003 Horizons Dr in Upper Arlington, Ohio, the property offers a purpose-built office configuration within a commercial setting. Its combination of individual offices, meeting space, and kitchen amenities supports a range of professional office operations without requiring a fully open-plan layout.
Located at 5003 Horizons Dr in Upper Arlington, Ohio, the property offers a purpose-built office configuration within a commercial setting. Its combination of individual offices, meeting space, and kitchen amenities supports a range of professional office operations without requiring a fully open-plan layout.
Key Highlights
- 2633 square feet of office space
- Six (6) offices
- Dedicated conference room
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$32,417
Cap Rate
3.60%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$648,340
$648.3K
Cap Rate 7%
$463,100
$463.1K
Cap Rate 9%
$360,189
$360.2K
Market Conditions
NOI Build-Up for 2,633 SF
Gross rent
$56.9K $21.60/SF
− Vacancy
−$13.6K −$5.18/SF
EGI
$43.2K $16.42/SF
− OpEx
−$10.8K −$4.10/SF
NOI
$32.4K $12.31/SF
Area
Franklin County, OH
Vacancy
24.00%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$648,340
Cap Rate 7%
$463,100
Cap Rate 9%
$360,189
Alternative Uses
Best Use
Office B
$463.1K
$405.2K – $540.3K
NOI $32,417 @ 7.0% cap · market cap 3.60%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$536.8K
$469.7K – $626.3K
NOI $37,575 @ 7.0% cap · market cap 4.18%
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
662
Businesses Nearby
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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
$463,200
Median Home Value
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Market
Average Price Trend$/SF for Office Units in Franklin County, OH
Properties on Market for Office Units in Franklin County
Vacancy Rate% for Office in Midwest region
Frequently Asked Questions
What type of property is this?
Office unit - Configured with multiple offices, a conference room, and dedicated kitchen space.
Where is this office unit located?
The property is located at 5003 Horizons Dr Upper Arlington, OH.
What is the asking price?
The asking price for this property is $900,000.
What are key features of this property?
This property features: 2633 square feet of office space; Six (6) offices; Dedicated conference room
