Historic Office Building
725 Bellows Ave, Columbus, OH 43222
For Sale
Contact for pricing
Four-story office building with renovation underway, natural light, and prominent signage visibility from SR-315.
Property Size41,000 SF
Price / SF$150
Days on Market159
Property Features for 725 Bellows Ave
General Information
Standard status
Size
Property subtype
Lease Type
Site & Location
Neighborhood
Building Details
Stories
Properties For Sale
at 725 Bellows Ave
725 Bellows Ave
AVAILABLE, Now
Floor
1
Size
41,000 SF
Type
OFFICE
Lease Type
MODIFIED_GROSS
Sublease
No
725 Bellows Avenue is a historic four‑story
office building currently undergoing a full
renovation. The property offers a distinctive
creative workspace featuring exposed brick,
soaring ceilings, and all-new windows that fill
the interiors with abundant natural light. The
building also provides a prominent signage
opportunity with exceptional visibility from
SR‑315 and has a large surface lot with free
on-site parking.
Contact us
Listing Agency:
Allied Real Estate Advisors
(614) 245-3487
Listed By:
Ryan McHugh · License OH #2019002855
(614) 940-2978
Source:
Moodyscre
Added: Jun 8
Changed: Oct 25
Last Checked: Nov 12 at 10:46AM
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
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Investment Insights
Based on property information with market context.
725 Bellows Avenue is a historic, four-story office building currently undergoing a full renovation. The space is being reintroduced as a distinctive creative workspace with exposed brick and soaring ceilings, complemented by all-new windows designed to bring abundant natural light into the interiors. The property also includes opportunities for prominent signage, supported by the building’s visibility from SR-315.
The building features a large surface lot with free on-site parking, providing straightforward convenience for employees and visitors. Signage visibility from SR-315 is a key advantage for branding and wayfinding.
For tenants, this renovation-ready office building offers a character-forward environment with high-ceiling spaces and a creative aesthetic centered on exposed brick and daylight. For buyers, it presents an in-progress repositioning of a historic asset into a modernized workplace, with parking on site and a clear exterior communications component through signage visibility from SR-315.
The building features a large surface lot with free on-site parking, providing straightforward convenience for employees and visitors. Signage visibility from SR-315 is a key advantage for branding and wayfinding.
For tenants, this renovation-ready office building offers a character-forward environment with high-ceiling spaces and a creative aesthetic centered on exposed brick and daylight. For buyers, it presents an in-progress repositioning of a historic asset into a modernized workplace, with parking on site and a clear exterior communications component through signage visibility from SR-315.
Key Highlights
- Historic four‑story office building currently undergoing a full renovation
- Creative workspace features exposed brick and soaring ceilings
- All‑new windows designed to bring abundant natural light into the interiors
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$473,685
Cap Rate
7.70%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$9,473,700
$9.5M
Cap Rate 7%
$6,766,929
$6.8M
Cap Rate 9%
$5,263,167
$5.3M
Market Conditions
NOI Build-Up for 41,000 SF
Gross rent
$811.8K $19.80/SF
− Vacancy
−$180.2K −$4.40/SF
EGI
$631.6K $15.40/SF
− OpEx
−$157.9K −$3.85/SF
NOI
$473.7K $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%
$9,473,700
Cap Rate 7%
$6,766,929
Cap Rate 9%
$5,263,167
Alternative Uses
Best Use
Office B
$6.77M
$5.92M – $7.89M
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
NOI $598,122 @ 7.0% cap · market cap 9.73%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
Who owns this building?
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Current Use
Location Intelligence
Trade Area within ½ mile
1,431
Businesses Nearby
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Business Placement
Demographics for 43222, OH
4,124
Population
2,311
Households
1.8
Avg Household Size
34
Median Age
16%
College-Educated
73%
High-School Grad
1.4 sq mi
ZIP Area
2,946
Density / Sq Mi
$36,440
Median Earnings
$752
Median Rent
$215,900
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Average Price Trend$/SF for Office buildings in Columbus, OH
Properties on Market for Office buildings in Columbus
Vacancy Rate% for Office in Columbus, OH
Frequently Asked Questions
What type of property is this?
Office building - Four-story office building with renovation underway, natural light, and prominent signage visibility from SR-315.
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; Creative workspace features exposed brick and soaring ceilings; All‑new windows designed to bring abundant natural light into the interiors
