Historic Office
For Sale
Contact for pricing
871 N Park St, Columbus, OH 43215
Converted office property with a finished, furnished lower level and adjacent private parking.
Property Size11,563 SF
Lot Size0.50 Acres
Price / SF$172.97
Days on Market335
Property Features for 871 N Park St
General Information
Standard status
Active
Size
11,563 SF
Lot size
0.50 Acres
Property subtype
OFFICE
Additional Details
Asking Price
$2,000,000
Building Details
Buildings
1
Listing Agency:
CBRE | Columbus
(614) 224-1492
Listed By:
Don Matsanoff
(614) 430-5000
Source:
Moodyscre
Added: Nov 18, 2025
Changed: Oct 5
Last Checked: Oct 16 at 10:06AM
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 CBRE | Columbus
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Investment Insights
Based on property information with market context.
This 11,563-square-foot office property occupies a 0.5 AC lot and incorporates a church-to-office conversion with distinctive architectural character. The stated building area excludes a lower level that is fully finished and furnished for office use. Lease availability ranges from 4,500+ SF to 11,543+ SF.
The property is one block from High Street and the Short North Arts District. A private parking lot directly beside the building provides 12+ spaces, adding convenient on-site parking for occupants and visitors.
The property is one block from High Street and the Short North Arts District. A private parking lot directly beside the building provides 12+ spaces, adding convenient on-site parking for occupants and visitors.
Key Highlights
- 11,563 SF office property, exclusive of the lower level
- Finished lower level furnished as office space
- Church‑to‑office conversion with historic character
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$133,591
Cap Rate
6.68%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,671,820
$2.7M
Cap Rate 7%
$1,908,443
$1.9M
Cap Rate 9%
$1,484,344
$1.5M
Market Conditions
NOI Build-Up for 11,563 SF
Gross rent
$228.9K $19.80/SF
− Vacancy
−$50.8K −$4.40/SF
EGI
$178.1K $15.40/SF
− OpEx
−$44.5K −$3.85/SF
NOI
$133.6K $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 Rate 5%
$2,671,820
Cap Rate 7%
$1,908,443
Cap Rate 9%
$1,484,344
Alternative Uses
Best Use
Office B
$1.91M
$1.67M – $2.23M
NOI $133,591 @ 7.0% cap · market cap 6.68%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.41M
$2.11M – $2.81M
NOI $168,685 @ 7.0% cap · market cap 8.43%
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
2,177
Businesses Nearby
Explore this area
Business Placement
Demographics for 43215, OH
20,761
Population
13,428
Households
1.5
Avg Household Size
32
Median Age
71%
College-Educated
97%
High-School Grad
5.1 sq mi
ZIP Area
4,071
Density / Sq Mi
$74,469
Median Household Income
$59,521
Median Earnings
$1,487
Median Rent
$508,300
Median Home Value
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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 - Converted office property with a finished, furnished lower level and adjacent private parking.
Where is this office building located?
The property is located at 871 N Park St Columbus, OH.
What is the asking price?
The asking price for this property is $2,000,000.
What are key features of this property?
This property features: 11,563 SF office property, exclusive of the lower level; Finished lower level furnished as office space; Church‑to‑office conversion with historic character
