Historic Three-Story Office
For Sale
Contact for pricing
630 E Broad St, Columbus, OH 43215
Recently renovated general office with modern finishes, off-street parking, and prominent monument signage along Broad Street.
Property Size8,473 SF
Lot Size0.28 Acres
Price / SF$129.82
Days on Market270
Property Features for 630 E Broad St
General Information
Standard status
Active
Size
8,473 SF
Lot size
0.28 Acres
Property subtype
OFFICE
Additional Details
Highway Access
Yes
Building Details
Year Built
1900
Buildings
1
Stories
3
Listing Agency:
NAI Ohio Equities
(614) 224-2400
Listed By:
Mitchell Moore · License #SAL.2022002864
(614) 940-6139
Source:
Moodyscre
Added: Dec 17, 2025
Changed: Sep 13
Last Checked: Sep 13 at 8:36AM
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 NAI Ohio Equities
Investment Insights
Based on property information with market context.
A historic three-story office building converted to general office, offering recently renovated interiors with modern finishes. The property totals 8,473 SF and sits on 0.28 acres, with construction dating to 1900. Off-street parking supports day-to-day tenant and visitor access.
Located on Broad Street in Columbus, the building features prominent monument signage for visibility from the corridor. It is minutes to the CBD, the Columbus Metropolitan Library, the Topiary Park, and OhioHealth Grant Medical Center, with easy access to I-71, I-70, and I-670.
This configuration suits tenants seeking a character-forward office setting with updated finishes and straightforward access to major regional routes and nearby employment and amenities.
Located on Broad Street in Columbus, the building features prominent monument signage for visibility from the corridor. It is minutes to the CBD, the Columbus Metropolitan Library, the Topiary Park, and OhioHealth Grant Medical Center, with easy access to I-71, I-70, and I-670.
This configuration suits tenants seeking a character-forward office setting with updated finishes and straightforward access to major regional routes and nearby employment and amenities.
Key Highlights
- 8,473 SF three‑story building converted to general office
- 0.28 acres with off‑street parking
- Recently renovated with modern finishes
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$97,891
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
8.90%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,957,820
$2.0M
Cap Rate 7%
$1,398,443
$1.4M
Cap Rate 9%
$1,087,678
$1.1M
Market Conditions
NOI Build-Up for 8,473 SF
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.
Gross rent
$167.8K $19.80/SF
− Vacancy
−$37.2K −$4.40/SF
EGI
$130.5K $15.40/SF
− OpEx
−$32.6K −$3.85/SF
NOI
$97.9K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,957,820
Cap Rate 7%
$1,398,443
Cap Rate 9%
$1,087,678
Alternative Uses
Best Use
Office B
$1.40M
$1.22M – $1.63M
NOI $97,891 @ 7.0% cap · market cap 8.90%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.77M
$1.55M – $2.06M
NOI $123,607 @ 7.0% cap · market cap 11.24%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,728
Businesses Nearby
Explore this area
Business Placement
Demographics for 43215, OH
20,761
Population
13,428
Households
1.5
Avg Household Size
32
Median Age
71%
College-Educated
97%
High-School Grad
5.1 sq mi
ZIP Area
4,071
Density / Sq Mi
$74,469
Median Household Income
$59,521
Median Earnings
$1,487
Median Rent
$508,300
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office building - Recently renovated general office with modern finishes, off-street parking, and prominent monument signage along Broad Street.
Where is this office building located?
The property is located at 630 E Broad St Columbus, 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: 8,473 SF three‑story building converted to general office; 0.28 acres with off‑street parking; Recently renovated with modern finishes
