Office Suite with Private
6648 E Walnut Street #100, New Albany, OH 43054
For Sale
Contact for pricing
An adaptable layout pairs open workspace with five to six enclosed offices.
Property Size4,800 SF
Price / SF$0.83
Days on Market49
Property Features for 6648 E Walnut Street #100
General Information
Standard status
Size
Property subtype
Additional Details
Property Use
Amenities
open floor plan
private offices
beautifully landscaped setting
peaceful quiet atmosphere
Building Details
Year Built
Listing Agency:
RE/MAX Consultant Group
(614) 855-2822
Listed By:
Mara Ackermann · License #2002013078
(614) 595-0654
Source:
Livewellhomegrp
Added: Sep 22
Changed: Nov 8
Last Checked: Nov 8 at 9:05AM
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 RE/MAX Consultant Group
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Investment Insights
Based on property information with market context.
At 6648 E Walnut Street #100 in New Albany, this office suite offers an open-plan interior alongside five to six private offices. The property was built in 2006 and sits within landscaped grounds.
Shopping, restaurants, services, and major roadways are nearby, providing access to everyday amenities and transportation routes.
Shopping, restaurants, services, and major roadways are nearby, providing access to everyday amenities and transportation routes.
Key Highlights
- Five to six private offices
- Open‑plan workspace
- Built in 2006
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$59,098
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,181,960
$1.2M
Cap Rate 7%
$844,257
$844.3K
Cap Rate 9%
$656,644
$656.6K
Market Conditions
NOI Build-Up for 4,800 SF
Gross rent
$103.7K $21.60/SF
− Vacancy
−$24.9K −$5.18/SF
EGI
$78.8K $16.42/SF
− OpEx
−$19.7K −$4.10/SF
NOI
$59.1K $12.31/SF
Area
Franklin County, OH
Vacancy
24.00%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,181,960
Cap Rate 7%
$844,257
Cap Rate 9%
$656,644
Alternative Uses
Best Use
Office B
$844.3K
$738.7K – $985.0K
NOI $59,098 @ 7.0% cap · market cap 1,477.45%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$978.6K
$856.3K – $1.14M
NOI $68,501 @ 7.0% cap · market cap 1,712.53%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
62
Businesses Nearby
Explore this area
Business Placement
Demographics for 43054, OH
27,781
Population
11,577
Households
2.4
Avg Household Size
36
Median Age
65%
College-Educated
97%
High-School Grad
25.7 sq mi
ZIP Area
1,081
Density / Sq Mi
$139,679
Median Household Income
$75,539
Median Earnings
$1,808
Median Rent
$483,100
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Office Units in Franklin County, OH
Properties on Market for Office Units in Franklin County
Vacancy Rate% for Office in Midwest region
Frequently Asked Questions
What type of property is this?
Office unit - An adaptable layout pairs open workspace with five to six enclosed offices.
Where is this office unit located?
The property is located at 6648 E Walnut Street #100 New Albany, OH.
What are key features of this property?
This property features: Five to six private offices; Open‑plan workspace; Built in 2006
