Mixed-Use Building with Retail and
For Sale
$975,000
537539 S 5th Street, Columbus, OH 43206
Historic mixed-use property combines street-level retail with residential units above and an unfinished attic for future space planning.
Property Size4,992 SF
Price / SF$195.31
Days on Market200
Property Features for 537539 S 5th Street
General Information
Standard status
Active
Size
4,992 SF
Property subtype
General Commercial
Additional Details
Highway Access
Yes
Multifamily Units
2
Amenities
3
Building Details
Year Built
1912
Buildings
1
Tenancy
Multi
Listing Agency:
(614) 221-4286
Listed By:
The Robert Weiler Company
(614) 221-4286
Source:
Xome
Added: Jan 13
Changed: Jul 31
Last Checked: Aug 1 at 3:59AM
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 The Robert Weiler Company
Investment Insights
Based on property information with market context.
Built in 1912, this 4,992-square-foot mixed-use property combines two retail units on the ground floor with two apartment units above. The building also includes an unfinished attic extending across the footprint, with potential for approximately 3,000 square feet of additional living space. Existing interior features include three listed interior elements.
The property is located in German Village just south of Downtown Columbus, near Schiller Park and Scioto Audubon Metro Park. Downtown Columbus and major highways, including I-70 and I-71, are accessible via short drives. The property is currently occupied by tenants.
The property is located in German Village just south of Downtown Columbus, near Schiller Park and Scioto Audubon Metro Park. Downtown Columbus and major highways, including I-70 and I-71, are accessible via short drives. The property is currently occupied by tenants.
Key Highlights
- 4,992 +/- SF mixed‑use property built in 1912
- Two retail units on the ground floor
- Two apartment units above the retail space
Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $89.9k | $18.00 |
| − Vacancy | −$7.6k | −$1.53 |
| EGI | $82.2k | $16.47 |
| − OpEx | −$24.7k | −$4.94 |
| NOI | $57.6k | $11.53 |
4,992 SF · lease $18.00/SF/yr · vacancy 8.50% · expense 30.00%
Alternative Uses
Best Use
Retail
$822.2K
$719.4K – $959.2K
NOI $57,553 @ 7.0% cap · market cap 5.90%
Second Best
Mixed Use
$818.3K
$716.0K – $954.7K
NOI $57,283 @ 7.0% cap · market cap 5.88%
Theoretical Best
Office A
$1.04M
$910.3K – $1.21M
NOI $72,825 @ 7.0% cap · market cap 7.47%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
2
Residential units
Multi-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
219
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
Market
Properties on Market for Mixed-use properties in Franklin County
Vacancy Rate% for Multifamily in Midwest region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Mixed-use property - Historic mixed-use property combines street-level retail with residential units above and an unfinished attic for future space planning.
Where is this mixed-use property located?
The property is located at 537539 S 5th Street Columbus, OH.
What is the asking price?
The asking price for this property is $975,000.
What are key features of this property?
This property features: 4,992 +/- SF mixed‑use property built in 1912; Two retail units on the ground floor; Two apartment units above the retail space
