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Victorian Village Remodeled Office Building

75 West 3rd Avenue Columbus, OH 43201

75 West 3rd Avenue, Columbus, OH, 43201

$750,000

For Sale

$750,000

Historic 2,973 SF office building in Victorian Village.

Property Size2,973 SF

Price / SF$252.27

AddedJul 12, 2023

Days on Market1101

Last RefreshJun 28 at 9:34 pm

Property Features for 75 West 3rd Avenue

General Information

Standard status: Active
Size: 2,973 SF
Property subtype: OFC

Building Details

Year Built: 1890

Listing office Consultants Realty, LLC

Listing date Jul 12, 2023

Source Realnex

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 Consultants Realty, LLC

Investment Insights

Based on property information with market context.

This is a beautifully remodeled historic brick office building located in the heart of Victorian Village. The property offers 2,973 square feet of space and features 7 large offices with an open collaborative workspace, a large conference room, a kitchen, and 3 bathrooms. Every detail inside and outside has been meticulously updated for today's modern work environment. Onsite parking includes 6 private spaces, with additional metered street parking available. The property is currently owner-occupied, with the seller planning to vacate the building in September 2023. The front door has a lockbox, and the building is equipped with a security system.

Key Highlights

Remodeled historic brick office building in Victorian Village
2,973 SF with 7 large offices and open collaborative workspace
Includes a large conference room, kitchen, and 3 bathrooms

Local Financial Insights For Office B

Simulate Cap Rate and NOI

NOI Build-Up

Component	$	$/SF
Gross rent	$58.9k	$19.80
− Vacancy	−$13.1k	−$4.40
EGI	$45.8k	$15.40
− OpEx	−$11.4k	−$3.85
NOI	$34.3k	$11.55

2,973 SF · lease $19.80/SF/yr · vacancy 22.20% · expense 25.00%

Alternative Uses

Best Use

Office B

$490.7K

$429.4K – $572.5K (±1% cap)

NOI $34,348 @ 7.0% cap · market cap 4.58%

Second Best

—

no second resolved use

Theoretical Best

Office A

$619.6K

$542.1K – $722.9K (±1% cap)

NOI $43,371 @ 7.0% cap · market cap 5.78%

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

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

Office buildings

Suggested Use

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For sale
Office buildings
OH
Columbus
43201
75 West 3rd Avenue

What type of property is this?

Office building - Historic 2,973 SF office building in Victorian Village.

Where is this office building located?

The property is located at 75 West 3rd Avenue Columbus, OH.

What is the asking price?

The asking price for this property is $750,000.

What are key features of this property?

This property features: Remodeled historic brick office building in Victorian Village; 2,973 SF with 7 large offices and open collaborative workspace; Includes a large conference room, kitchen, and 3 bathrooms