Office Building with 2023
For Sale
$6,950,000
7400 Huntington Park Drive, Columbus, OH 43235
Updated building systems and adaptable floor plans support varied office configurations.
Property Size23,808 SF
Days on Market55
Property Features for 7400 Huntington Park Drive
General Information
Standard status
Active
Size
23,808 SF
Class
B
Property subtype
Office
Additional Details
Highway Access
Yes
Amenities
professional lobby
on-site property management
kitchen and cafeteria
showers
Building Details
Building Size
23,808 SF
Year Built
1998
Listing Agency:
Alterra Real Estate Advisors
Listed By:
Bradford Kitchen, SIOR
(614) 327-4366
Source:
Alterrare
Added: Aug 13
Changed: Oct 1
Last Checked: Oct 5 at 5:16PM
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 Alterra Real Estate Advisors
Investment Insights
Based on property information with market context.
This office property at 7400 Huntington Park Drive combines an existing 1998 building with a 5,000-square-foot addition completed in 2023. The building includes a professional lobby, customizable floor plans, and restrooms distributed throughout the property, with showers provided. A kitchen and cafeteria are equipped with a hood and cooler, supporting on-site food service functions. Mechanical systems and the roof have been updated, adding to the building’s current physical improvements.
On-site property management is provided, and the property offers ample parking. Its Columbus, Ohio location provides access to major highways and established business districts. The office configuration can accommodate businesses seeking a professionally presented setting with shared amenity areas and adaptable interior planning.
On-site property management is provided, and the property offers ample parking. Its Columbus, Ohio location provides access to major highways and established business districts. The office configuration can accommodate businesses seeking a professionally presented setting with shared amenity areas and adaptable interior planning.
Key Highlights
- 5,000‑square‑foot addition completed in 2023
- Updated mechanical systems and roof
- Kitchen and cafeteria with hood and cooler
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$312,942
Cap Rate
4.50%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$6,258,840
$6.3M
Cap Rate 7%
$4,470,600
$4.5M
Cap Rate 9%
$3,477,133
$3.5M
Market Conditions
NOI Build-Up for 23,808 SF
Gross rent
$517.1K $21.72/SF
− Vacancy
−$99.9K −$4.19/SF
EGI
$417.3K $17.53/SF
− OpEx
−$104.3K −$4.38/SF
NOI
$312.9K $13.14/SF
Area
ZIP 43235
Vacancy
19.31%
Lease Rate
$21.72 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$6,258,840
Cap Rate 7%
$4,470,600
Cap Rate 9%
$3,477,133
Alternative Uses
Best Use
Office B
$4.47M
$3.91M – $5.22M
NOI $312,942 @ 7.0% cap · market cap 4.50%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$4.82M
$4.22M – $5.62M
NOI $337,493 @ 7.0% cap · market cap 4.86%
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
1,705
Businesses Nearby
Explore this area
Business Placement
Demographics for 43235, OH
45,561
Population
20,855
Households
2.2
Avg Household Size
36
Median Age
59%
College-Educated
96%
High-School Grad
14.2 sq mi
ZIP Area
3,209
Density / Sq Mi
$86,758
Median Household Income
$54,814
Median Earnings
$1,412
Median Rent
$346,500
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Columbus, OH
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Frequently Asked Questions
What type of property is this?
Office building - Updated building systems and adaptable floor plans support varied office configurations.
Where is this office building located?
The property is located at 7400 Huntington Park Drive Columbus, OH.
What is the asking price?
The asking price for this property is $6,950,000.
What are key features of this property?
This property features: 5,000‑square‑foot addition completed in 2023; Updated mechanical systems and roof; Kitchen and cafeteria with hood and cooler
