For-Sale Office
For Sale
$625,000
Pending
760 Morrison Road, Columbus, OH 43230
Office building available for sale at 760 Morrison Rd in Columbus, OH 43230.
Property Size4,416 SF
Days on Market137
Property Features for 760 Morrison Road
General Information
Standard status
Pending
Size
4,416 SF
Property subtype
Office / Office
Taxes and HOA fees
Annual Taxes
$11,731
Amenities
2
Building Details
Year Built
1985
Listing Agency:
Best Corporate Real Estate
Listed By:
James M Mangas · License #2002005957
(614) 570-9488
Source:
Compass
Added: Apr 22
Changed: Aug 26
Last Checked: Sep 4 at 2:48PM
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
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 = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$44,100
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
7.06%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
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.
Property Analytics
Property Profile
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
Market
Vacancy Rate% for Office in Columbus, OH
Questions? Ask Rey
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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 Road 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
