Freestanding Brick Office
For Sale
$525,000
523 S 4th Street, Columbus, OH 43206
Four private offices and two reception areas create a flexible layout for professional use.
Property Size1,410 SF
Days on Market8
Property Features for 523 S 4th Street
General Information
Standard status
Active
Size
1,410 SF
Total Parking Spaces
2
Property subtype
Office
Taxes and HOA fees
Annual Taxes
$12,145
Amenities
private courtyard
Building Details
Building Size
1,410 SF
Year Built
1900
Buildings
1
Construction
brick
Listing Agency:
Lim Realty Group
Listed By:
Daniel J Lim · License #2016002964
(614) 425-4066
Source:
Vutech-ruff
Added: Oct 8
Changed: Oct 10
Last Checked: Oct 15 at 5:15AM
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 Lim Realty Group
Investment Insights
Based on property information with market context.
Built in 1900, this updated brick office property has four private offices and two reception areas. A gated courtyard and two dedicated off-street parking spaces add to the building’s practical features.
The property is in German Village, close to neighborhood restaurants and shops, with access to Downtown Columbus.
The property is in German Village, close to neighborhood restaurants and shops, with access to Downtown Columbus.
Key Highlights
- Four private offices and two reception areas
- Updated brick office building, constructed in 1900
- Gated private courtyard
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$16,290
Cap Rate
3.10%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$325,800
$325.8K
Cap Rate 7%
$232,714
$232.7K
Cap Rate 9%
$181,000
$181.0K
Market Conditions
NOI Build-Up for 1,410 SF
Gross rent
$27.9K $19.80/SF
− Vacancy
−$6.2K −$4.40/SF
EGI
$21.7K $15.40/SF
− OpEx
−$5.4K −$3.85/SF
NOI
$16.3K $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%
$325,800
Cap Rate 7%
$232,714
Cap Rate 9%
$181,000
Alternative Uses
Best Use
Office B
$232.7K
$203.6K – $271.5K
NOI $16,290 @ 7.0% cap · market cap 3.10%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$293.9K
$257.1K – $342.8K
NOI $20,570 @ 7.0% cap · market cap 3.92%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
5,294
Businesses Nearby
Explore this area
Business Placement
Demographics for 43206, OH
21,594
Population
12,758
Households
1.7
Avg Household Size
35
Median Age
48%
College-Educated
94%
High-School Grad
3.0 sq mi
ZIP Area
7,198
Density / Sq Mi
$74,421
Median Household Income
$52,603
Median Earnings
$1,339
Median Rent
$280,400
Median Home Value
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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 - Four private offices and two reception areas create a flexible layout for professional use.
Where is this office building located?
The property is located at 523 S 4th Street Columbus, OH.
What is the asking price?
The asking price for this property is $525,000.
What are key features of this property?
This property features: Four private offices and two reception areas; Updated brick office building, constructed in 1900; Gated private courtyard
