Three-Suite Brick Office
New
For Sale
Contact for pricing
7453 E Main St, Reynoldsburg, OH 43068
Two occupied suites provide rental income alongside office space for an owner-user.
Property Size3,584 SF
Price / SF$164.62
Days on Market4
Property Features for 7453 E Main St
General Information
Standard status
Active
Size
3,584 SF
Additional Details
Office Units
3
Tenant in Place
Yes
Property Use
Office
Building Details
Buildings
1
Construction
brick
Tenancy
Multi
Listing Agency:
Balalovski Real Estate, LLC
Listed By:
Andrew Balalovski · License #2011002632
(614) 257-8123
Source:
Moodyscre
Added: Nov 3
Changed: Nov 4
Last Checked: Nov 4 at 2:49PM
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 Balalovski Real Estate, LLC
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
The all-brick office building contains 3,584 square feet arranged as three separate suites. Two suites are leased, while the third provides office space for an owner-user.
The property is located at 7453 E Main St in Reynoldsburg, Ohio.
The property is located at 7453 E Main St in Reynoldsburg, Ohio.
Key Highlights
- Three separate office suites
- 3,584‑square‑foot all‑brick office building
- Two of the three suites are leased
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$44,126
Cap Rate
7.48%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$882,520
$882.5K
Cap Rate 7%
$630,371
$630.4K
Cap Rate 9%
$490,289
$490.3K
Market Conditions
NOI Build-Up for 3,584 SF
Gross rent
$77.4K $21.60/SF
− Vacancy
−$18.6K −$5.18/SF
EGI
$58.8K $16.42/SF
− OpEx
−$14.7K −$4.10/SF
NOI
$44.1K $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%
$882,520
Cap Rate 7%
$630,371
Cap Rate 9%
$490,289
Alternative Uses
Best Use
Office B
$630.4K
$551.6K – $735.4K
NOI $44,126 @ 7.0% cap · market cap 7.48%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$730.7K
$639.3K – $852.5K
NOI $51,147 @ 7.0% cap · market cap 8.67%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
3
Office units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
637
Businesses Nearby
Explore this area
Business Placement
Demographics for 43068, OH
59,585
Population
25,294
Households
2.4
Avg Household Size
36
Median Age
30%
College-Educated
91%
High-School Grad
19.6 sq mi
ZIP Area
3,040
Density / Sq Mi
$70,451
Median Household Income
$42,327
Median Earnings
$1,214
Median Rent
$225,500
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Office in Midwest region
Frequently Asked Questions
What type of property is this?
Office building - Two occupied suites provide rental income alongside office space for an owner-user.
Where is this office building located?
The property is located at 7453 E Main St Reynoldsburg, OH.
What is the asking price?
The asking price for this property is $590,000.
What are key features of this property?
This property features: Three separate office suites; 3,584‑square‑foot all‑brick office building; Two of the three suites are leased
