Office Space with Conference
For Sale
$341,013
585 North Hague Avenue, Columbus, OH 43204
Office unit featuring enclosed offices, conference room, and open workspace.
Property Size2,500 SF
Price / SF$136.41
Days on Market196
Property Features for 585 North Hague Avenue
General Information
Standard status
Active
Size
2,500 SF
Property subtype
Office
Listing Agency:
CBRE | Columbus
Listed By:
David Hartsook
(614) 430-5006
Source:
Cbre
Added: Mar 25
Changed: Oct 4
Last Checked: Oct 5 at 4:19PM
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 commercial property offers an office unit comprising 6 enclosed offices, a large conference room, 2 restrooms, a storage room, and an open workspace. The property provides a functional layout suitable for various business operations. The total property size is 2500 square feet.
Key Highlights
- Six enclosed offices provide private workspaces.
- Large conference room facilitates meetings and presentations.
- Open work space allows for flexible team collaboration.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$28,883
Cap Rate
8.47%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$577,660
$577.7K
Cap Rate 7%
$412,614
$412.6K
Cap Rate 9%
$320,922
$320.9K
Market Conditions
NOI Build-Up for 2,500 SF
Gross rent
$49.5K $19.80/SF
− Vacancy
−$11.0K −$4.40/SF
EGI
$38.5K $15.40/SF
− OpEx
−$9.6K −$3.85/SF
NOI
$28.9K $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%
$577,660
Cap Rate 7%
$412,614
Cap Rate 9%
$320,922
Alternative Uses
Best Use
Office B
$412.6K
$361.0K – $481.4K
NOI $28,883 @ 7.0% cap · market cap 8.47%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$521.0K
$455.9K – $607.9K
NOI $36,471 @ 7.0% cap · market cap 10.69%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
272
Businesses Nearby
Explore this area
Business Placement
Demographics for 43204, OH
42,315
Population
19,286
Households
2.2
Avg Household Size
35
Median Age
25%
College-Educated
84%
High-School Grad
9.4 sq mi
ZIP Area
4,502
Density / Sq Mi
$59,158
Median Household Income
$38,610
Median Earnings
$1,206
Median Rent
$170,900
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Office in Columbus, OH
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office units - Office unit featuring enclosed offices, conference room, and open workspace.
Where is this office units located?
The property is located at 585 North Hague Avenue Columbus, OH.
What is the asking price?
The asking price for this property is $341,013.
What are key features of this property?
This property features: Six enclosed offices provide private workspaces.; Large conference room facilitates meetings and presentations.; Open work space allows for flexible team collaboration.
