Office Building with
5721 North High Street Worthington, OH 43085
New
5721 North High Street, Worthington, OH, 43085
$1,100,000
For Sale
$1,100,000
Office building in a walkable area near downtown Worthington with 45 parking spaces.
Property Size7,600 SF
Price / SF$144.74
Days on Market5
Property Features for 5721 North High Street
General Information
- Standard status
- Active
- Size
- 7,600 SF
- Property subtype
- Office
Listing agency
CBRE | Columbus
(614) 430-5000
Listed by
Don Matsanoff
(614) 430-5000
Source
Cbre
Added: Jul 17 Updated: Jul 21 at 12:31PM Checked: Jul 21 at 12:31PM
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 CBRE | Columbus
Investment Insights
Based on property information with market context.
This office building offers a total of 45 parking spaces and a practical layout for office occupancy. The property is listed for sale and provides a dedicated parking supply to support tenants and visitors.
Located near downtown Worthington, the building sits in a walkable area. This access profile may support office users who want proximity to nearby destinations.
With approximately 7,600 square feet of building area, the property is sized for users seeking an established office facility.
Located near downtown Worthington, the building sits in a walkable area. This access profile may support office users who want proximity to nearby destinations.
With approximately 7,600 square feet of building area, the property is sized for users seeking an established office facility.
Key Highlights
- Office building in a walkable area near downtown Worthington
- 45 parking spaces available
Local Financial Insights For Office B
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 | $136.8k | $18.00 |
| − Vacancy | −$30.1k | −$3.96 |
| EGI | $106.7k | $14.04 |
| − OpEx | −$26.7k | −$3.51 |
| NOI | $80.0k | $10.53 |
7,600 SF · lease $18.00/SF/yr · vacancy 22.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$1.14M
$1.00M – $1.33M
NOI $80,028 @ 7.0% cap · market cap 7.28%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.53M
$1.34M – $1.78M
NOI $107,032 @ 7.0% cap · market cap 9.73%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Office buildings
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FAQs
What type of property is this?
Office building - Office building in a walkable area near downtown Worthington with 45 parking spaces.
Where is this office building located?
The property is located at 5721 North High Street Worthington, OH.
What is the asking price?
The asking price for this property is $1,100,000.
What are key features of this property?
This property features: Office building in a walkable area near downtown Worthington; 45 parking spaces available
