Retail/Office
For Sale
Contact for pricing
839-845 W Broad St, Columbus, OH 43222
Retail and office space at 839-845 W Broad St, with access to major regional routes I-70 and SR-315.
Property Size5,867 SF
Price / SF$185.61
Days on Market75
Property Features for 839-845 W Broad St
General Information
Standard status
Active
Size
5,867 SF
Property subtype
OFFICE
Site & Location
Highway Access
Yes
Road Access
Yes
Listing Agency:
Coldwell Banker Commercial - Aspire Realty Services | Columbus
(614) 239-0808
Listed By:
Bill Davis
(614) 588-7561
Source:
Moodyscre
Added: Jul 1
Changed: Sep 12
Last Checked: Sep 12 at 7:57AM
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 Coldwell Banker Commercial - Aspire Realty Services | Columbus
Investment Insights
Based on property information with market context.
This retail/office property is located at 839-845 W Broad St in Franklinton, offering a mixed-use address with both retail and office space. The building is positioned along West Broad Street, a major corridor in the area.
The property also benefits from convenient access to I-70 and SR-315 for regional connectivity. Franklinton is described as continuing to evolve with investment activity along Broad Street, additional residential development, and growth in arts, dining, and related daytime and residential population.
The asset size is approximately 5,867 square feet. Suitable for buyers seeking a combined retail and office configuration with corridor visibility and straightforward access to key highways.
The property also benefits from convenient access to I-70 and SR-315 for regional connectivity. Franklinton is described as continuing to evolve with investment activity along Broad Street, additional residential development, and growth in arts, dining, and related daytime and residential population.
The asset size is approximately 5,867 square feet. Suitable for buyers seeking a combined retail and office configuration with corridor visibility and straightforward access to key highways.
Key Highlights
- Retail/office address at 839‑845 W Broad St in Franklinton
- Visibility along W Broad St in a heavily trafficked corridor
- Just over a mile from Downtown Columbus
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
$67,783
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
6.22%
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%
$1,355,660
$1.4M
Cap Rate 7%
$968,329
$968.3K
Cap Rate 9%
$753,144
$753.1K
Market Conditions
NOI Build-Up for 5,867 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
$116.2K $19.80/SF
− Vacancy
−$25.8K −$4.40/SF
EGI
$90.4K $15.40/SF
− OpEx
−$22.6K −$3.85/SF
NOI
$67.8K $11.55/SF
Area
Columbus, OH
Vacancy
22.20%
Lease Rate
$19.80 /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%
$1,355,660
Cap Rate 7%
$968,329
Cap Rate 9%
$753,144
Alternative Uses
Best Use
Office B
$968.3K
$847.3K – $1.13M
NOI $67,783 @ 7.0% cap · market cap 6.22%
Second Best
Retail
$966.3K
$845.5K – $1.13M
NOI $67,641 @ 7.0% cap · market cap 6.21%
Theoretical Best
Office A
$1.22M
$1.07M – $1.43M
NOI $85,590 @ 7.0% cap · market cap 7.86%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,290
Businesses Nearby
Explore this area
Business Placement
Demographics for 43222, OH
4,124
Population
2,311
Households
1.8
Avg Household Size
34
Median Age
16%
College-Educated
73%
High-School Grad
1.4 sq mi
ZIP Area
2,946
Density / Sq Mi
$36,440
Median Earnings
$752
Median Rent
$215,900
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 - Retail and office space at 839-845 W Broad St, with access to major regional routes I-70 and SR-315.
Where is this office building located?
The property is located at 839-845 W Broad St Columbus, OH.
What is the asking price?
The asking price for this property is $1,089,000.
What are key features of this property?
This property features: Retail/office address at 839‑845 W Broad St in Franklinton; Visibility along W Broad St in a heavily trafficked corridor; Just over a mile from Downtown Columbus
