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    Versatile Commercial Property Near Whittier Title is generated by Realmo AI

    857 South High Street, Columbus, OH 43206

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    For Sale
    $575,000

    Commercial property suitable for office, studio, or live-work setup.

    Type:Office
    Property size:
    1,830 SF
    Price / SF:
    $314/SF
    Added:
    Nov 21, 2025
    Days on Market:
    181
    Last Refresh:
    Apr 6 at 12:04 am

    Property Features for 857 South High Street

    General Information

    Standard status
    Active
    Size
    1,830 SF
    Property subtype
    Office

    Building Details

    Year Built
    1920

    We can help!

    Listing Contact
    Beth Long

    Listing agent Beth Long License #OH #2004021322

    Listing office SVN Wilson Commercial

    Listing date Nov 21, 2025

    Source Svn

    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 SVN Wilson Commercial

    HighLights

    • Versatile commercial property suitable for various business types or a live‑work setup
    • Located in a highly sought‑after location near the bustling Whittier intersection on High Street
    • New rubber roof installed in 2023 ensures longevity and minimal maintenance
    • Brand‑new hardwood floors provide a sophisticated and warm atmosphere
    • Freshly painted walls offer a clean, modern canvas
    • Located in Columbus, Ohio, a rapidly growing city with a strong economy and numerous opportunities

    Overview

    This versatile commercial property is located in a highly sought-after location near the Whittier intersection on High Street. The 1,830 square foot space is suitable for various business pursuits, including a law office, real estate agency, or creative art studio. It also offers the potential for a live-work setup with comfortable living space upstairs. The property boasts new hardwood floors and freshly painted walls. In 2023, the building was enhanced with a durable, weather-resistant rubber roof, ensuring longevity and minimal maintenance needs. Columbus, Ohio is the 14th largest city in the United States and is the 11th fastest growing city in the nation. Columbus has historically been #1 in the Midwest for population growth, job growth, and wage growth, and is currently building the site of Intel Corp.'s latest Chip Fab campus: a $20 billion project that is expected to generate 11,000 jobs, with the potential for 4 additional chip fab facilities. Columbus, Ohio has also been top ten in the nation in Rental Rate Growth. It is the capital city of Ohio with National, State, and Local Government. The city is home to the Ohio State University, and over 50 other universities and 135,000 college students. Fifteen Fortune 1000 Companies are headquartered in Columbus including Nationwide Insurance, Wendy's, Ohio Health, Cardinal Health, CoverMyMeds, L Brands and Victoria Secret. Columbus is an innovative city and in 2016 won the world's first Smart City Grant, which is an initiative to advance and integrate technologies with community platforms, such as busing systems, logistics and healthcare. In 2017 Columbus was recognized as the #1 city for Tech Workers, #2 City for College Grads, and in other recent years named the #1 City for Opportunity, #3 Best City for Millennials, and is consistently among the best cities for millennial growth nationally. Columbus, Ohio continues to set the standard for economic growth with little big town charm, and is bolstered by its public-private partnerships and civic, academic and business leaders who lead with the next generation in mind.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Javier Armengau Law ... Law Firm

    Suggested Use

    Real Estate Agency Restaurant Spa & Massage Center Dental Office Hair Salon Law Firm Nail Salon Building Supply Gym & Fitness Center Daycare Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Columbus
    County
    Delaware
    State
    Ohio
    Longitude
    -82.9977
    Latitude
    39.9446

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    FAQs

    What type of property is this?
    Office units - Commercial property suitable for office, studio, or live-work setup.
    Where is this office units located?
    The property is located at 857 South High Street Columbus, OH.
    What is the asking price?
    The asking price for this property is $575,000.
    What are key features of this property?
    This property features: Versatile commercial property suitable for various business types or a live‑work setup; Located in a highly sought‑after location near the bustling Whittier intersection on High Street; New rubber roof installed in 2023 ensures longevity and minimal maintenance
    (614) 944-5140
    We can help!
    Listing Contact
    Beth Long
    Real Estate License ID: OH #2004021322
    Learn More
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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