Office Building with On-Site
New
For Sale
$790,000
5020 Reed Road, Columbus, OH 43220
Partially leased space leaves room for an owner occupant within a multi-area office layout.
Property Size5,145 SF
Lot Size0.90 Acres
Price / SF$153.55
Days on Market4
Property Features for 5020 Reed Road
General Information
Standard status
Active
Size
5,145 SF
Total Parking Spaces
25
Lot size
0.90 Acres
Building Details
Year Built
1998
Buildings
1
Building Size
5,145 SF
Listing Agency:
Keller Williams Consultants
(614) 932-2000
Listed By:
Kendra Carter · License #2020005067
(330) 581-4947
Source:
Maryhatem
Added: Oct 12
Changed: Oct 13
Last Checked: Oct 14 at 10:53PM
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 Keller Williams Consultants
Investment Insights
Based on property information with market context.
This 5,145-square-foot office building was constructed in 1998 on approximately 0.90 acres. Its interior includes several office areas, reception and work areas, and connecting hallways. The property is partially leased, with space available for owner occupancy, and has 25 parking spaces.
Located at 5020 Reed Road in Northwest Columbus, the property records approximately 11,091 vehicles per day on Reed Road and provides access to the surrounding Northwest Columbus market.
Located at 5020 Reed Road in Northwest Columbus, the property records approximately 11,091 vehicles per day on Reed Road and provides access to the surrounding Northwest Columbus market.
Key Highlights
- 5,145 SF office building constructed in 1998
- Approximately 0.90 acres
- Partially leased with owner‑occupancy availability
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$59,442
Cap Rate
7.52%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,188,840
$1.2M
Cap Rate 7%
$849,171
$849.2K
Cap Rate 9%
$660,467
$660.5K
Market Conditions
NOI Build-Up for 5,145 SF
Gross rent
$101.9K $19.80/SF
− Vacancy
−$22.6K −$4.40/SF
EGI
$79.3K $15.40/SF
− OpEx
−$19.8K −$3.85/SF
NOI
$59.4K $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%
$1,188,840
Cap Rate 7%
$849,171
Cap Rate 9%
$660,467
Alternative Uses
Best Use
Office B
$849.2K
$743.0K – $990.7K
NOI $59,442 @ 7.0% cap · market cap 7.52%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.07M
$938.2K – $1.25M
NOI $75,057 @ 7.0% cap · market cap 9.50%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,648
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
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Market
Vacancy Rate% for Office in Columbus, OH
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Frequently Asked Questions
What type of property is this?
Office building - Partially leased space leaves room for an owner occupant within a multi-area office layout.
Where is this office building located?
The property is located at 5020 Reed Road Columbus, OH.
What is the asking price?
The asking price for this property is $790,000.
What are key features of this property?
This property features: 5,145 SF office building constructed in 1998; Approximately 0.90 acres; Partially leased with owner‑occupancy availability
