For-Sale Office
For Sale
$625,000
760 Morrison Rd, Columbus, OH 43230
Office building available for sale at 760 Morrison Rd in Columbus, OH 43230.
Property Size4,416 SF
Days on Market160
Property Features for 760 Morrison Rd
General Information
Standard status
Active
Size
4,416 SF
Class
C
Property subtype
Office
Zoning
Suburban Office
Building Details
Building Size
4,416 SF
Year Built
1985
Listing Agency:
Best Corporate Real Estate
Listed By:
James Mangas · License #2002005957
(614) 559-3350
Source:
Commercialcafe
Added: May 14
Changed: Oct 19
Last Checked: Oct 19 at 4:07AM
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 Best Corporate Real Estate
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This for-sale commercial property at 760 Morrison Rd in Columbus, OH 43230 is identified as an office building, offering space intended for office use. The listing is categorized under office buildings and office spaces within the broader commercial real estate market.
The property’s address provides a defined location for in-person review and due diligence, including verifying the existing interior layout and any operational features that may support an office tenant. Prospective buyers and brokers can use the site visit to confirm overall condition, access, and building-specific details that are not provided in the listing data.
If you’re evaluating office investment or owner-occupant options, this is a straightforward offering centered on a dedicated office building use at the stated Columbus address.
The property’s address provides a defined location for in-person review and due diligence, including verifying the existing interior layout and any operational features that may support an office tenant. Prospective buyers and brokers can use the site visit to confirm overall condition, access, and building-specific details that are not provided in the listing data.
If you’re evaluating office investment or owner-occupant options, this is a straightforward offering centered on a dedicated office building use at the stated Columbus address.
Key Highlights
- Office building built in 1985
- For sale at 760 Morrison Rd, Columbus, OH 43230
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$44,100
Cap Rate
7.06%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$882,000
$882.0K
Cap Rate 7%
$630,000
$630.0K
Cap Rate 9%
$490,000
$490.0K
Market Conditions
NOI Build-Up for 4,416 SF
Gross rent
$77.4K $17.52/SF
− Vacancy
−$18.6K −$4.20/SF
EGI
$58.8K $13.32/SF
− OpEx
−$14.7K −$3.33/SF
NOI
$44.1K $9.99/SF
Area
ZIP 43230
Vacancy
24.00%
Lease Rate
$17.52 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$882,000
Cap Rate 7%
$630,000
Cap Rate 9%
$490,000
Alternative Uses
Best Use
Office B
$630.0K
$551.3K – $735.0K
NOI $44,100 @ 7.0% cap · market cap 7.06%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$837.7K
$733.0K – $977.3K
NOI $58,639 @ 7.0% cap · market cap 9.38%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
618
Businesses Nearby
Explore this area
Business Placement
Demographics for 43230, OH
58,372
Population
26,170
Households
2.2
Avg Household Size
37
Median Age
50%
College-Educated
96%
High-School Grad
20.4 sq mi
ZIP Area
2,861
Density / Sq Mi
$92,271
Median Household Income
$53,832
Median Earnings
$1,407
Median Rent
$282,800
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
Frequently Asked Questions
What type of property is this?
Office building - Office building available for sale at 760 Morrison Rd in Columbus, OH 43230.
Where is this office building located?
The property is located at 760 Morrison Rd Columbus, OH.
What is the asking price?
The asking price for this property is $625,000.
What are key features of this property?
This property features: Office building built in 1985; For sale at 760 Morrison Rd, Columbus, OH 43230
