Office
New
For Sale
$2,150,000
867 W Town St, Columbus, OH 43222
UCT-zoned property suited to office and medical uses.
Property Size15,239 SF
Price / SF$141.09
Days on Market1
Property Features for 867 W Town St
General Information
Standard status
Active
Size
15,239 SF
Class
B
Property subtype
Office
Zoning
UCT
Building Details
Building Size
15,239 SF
Year Built
1981
Buildings
1
Listed By:
Jackson N. Pulliam, SIOR
(614) 285-7234
Source:
Alterrare
Added: Oct 7
Last Checked: Oct 7 at 2:52PM
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 Jackson N. Pulliam, SIOR
Investment Insights
Based on property information with market context.
The office building contains 15,239 square feet and was constructed in 1981. UCT zoning and the stated suitability for office or medical use define its commercial profile.
The property is located at 867 W Town St in Columbus, Ohio.
The property is located at 867 W Town St in Columbus, Ohio.
Key Highlights
- 15,239‑square‑foot office building
- Constructed in 1981
- UCT zoning
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$181,698
Cap Rate
8.45%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,633,960
$3.6M
Cap Rate 7%
$2,595,686
$2.6M
Cap Rate 9%
$2,018,867
$2.0M
Market Conditions
NOI Build-Up for 15,239 SF
Gross rent
$329.2K $21.60/SF
− Vacancy
−$26.3K −$1.73/SF
EGI
$302.8K $19.87/SF
− OpEx
−$121.1K −$7.95/SF
NOI
$181.7K $11.92/SF
Area
Columbus, OH
Vacancy
8.00%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
40.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,633,960
Cap Rate 7%
$2,595,686
Cap Rate 9%
$2,018,867
Alternative Uses
Best Use
Healthcare Medical
$2.60M
$2.27M – $3.03M
NOI $181,698 @ 7.0% cap · market cap 8.45%
Second Best
Office B
$2.52M
$2.20M – $2.93M
NOI $176,061 @ 7.0% cap · market cap 8.19%
Theoretical Best
Office A
$3.18M
$2.78M – $3.71M
NOI $222,312 @ 7.0% cap · market cap 10.34%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,269
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Office in Columbus, OH
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Office building - UCT-zoned property suited to office and medical uses.
Where is this office building located?
The property is located at 867 W Town St Columbus, OH.
What is the asking price?
The asking price for this property is $2,150,000.
What are key features of this property?
This property features: 15,239‑square‑foot office building; Constructed in 1981; UCT zoning
