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    Historic Four-Story Office Building Title is generated by Realmo AI

    725 Bellows Ave, Columbus, OH 43222

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    Renovating four-story office with exposed brick, soaring ceilings, and abundant natural light plus on-site parking.

    Type:OFFICE
    Property size:
    41,000 SF
    Price / SF:
    $150/SF
    Added:
    Jun 8, 2026
    Days on Market:
    6
    Last Refresh:
    Jun 13 at 4:15 am

    Property Features for 725 Bellows Ave

    General Information

    Standard status
    Active
    Size
    41,000 SF
    Property subtype
    OFFICE

    Properties For Sale

    at 725 Bellows Ave Contact us

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    Listing Contact
    Ryan McHugh
    Ryan McHugh

    Listing agent Ryan McHugh License #2019002855

    Listing office Allied Real Estate Advisors

    Listing date Jun 8, 2026

    Source Moodyscre

    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 Allied Real Estate Advisors

    HighLights

    • Historic four‑story office building currently undergoing a full renovation
    • Exposed brick and soaring ceilings with all‑new windows for abundant natural light
    • Large surface lot with free on‑site parking
    • Prominent signage opportunity with visibility from SR‑315

    Overview

    725 Bellows Avenue is a historic four-story office building currently undergoing a full renovation. The redevelopment will introduce all-new windows designed to bring abundant natural light into the interior spaces. Distinctive character is preserved through exposed brick and soaring ceilings, giving the building a creative, design-forward office feel.

    The property offers a large surface lot with free on-site parking for tenants, customers, and visitors. It also includes a prominent signage opportunity with exceptional visibility from SR-315.

    For investors or owner-occupants seeking a renovated, character-rich office environment, the building’s combination of historic detailing and modernized envelope elements supports a range of creative and professional tenant uses. The availability of free on-site parking helps streamline day-to-day access, while the visibility from SR-315 can support tenant branding and street-facing presence. The current renovation status provides a clear path toward readying the asset for occupancy following completion of improvements.

    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 $811.8k $19.80
    − Vacancy −$180.2k −$4.40
    EGI $631.6k $15.40
    − OpEx −$157.9k −$3.85
    NOI $473.7k $11.55
    41,000 SF · lease $19.80/SF/yr · vacancy 22.20% · expense 25.00%

    Alternative Uses

    Best Use
    Office B
    $6.77M
    $5.92M – $7.89M (±1% cap)
    NOI $473,685 @ 7.0% cap · market cap 7.70%
    Second Best
    —
    —
    no second resolved use
    Theoretical Best
    Office A
    $8.54M
    $7.48M – $9.97M (±1% cap)
    NOI $598,122 @ 7.0% cap · market cap 9.73%
    Zoning and permitted uses should be independently verified with local authorities.
    Location Intelligence

    Current Use by Public Records

    Bellows School High School

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Pharmacy

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Columbus
    County
    Delaware
    State
    Ohio
    Longitude
    -83.0182528
    Latitude
    39.9528273

    FAQs

    What type of property is this?
    Office building - Renovating four-story office with exposed brick, soaring ceilings, and abundant natural light plus on-site parking.
    Where is this office building located?
    The property is located at 725 Bellows Ave Columbus, OH.
    What is the asking price?
    The asking price for this property is $6,150,000.
    What are key features of this property?
    This property features: Historic four‑story office building currently undergoing a full renovation; Exposed brick and soaring ceilings with all‑new windows for abundant natural light; Large surface lot with free on‑site parking
    (614) 940-2978 Call to check price and availability
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