Flex Office & Multi-Bay
880 King Ave & 896 King Ave, Columbus, OH 43212
For Sale
$2,650,000
Turnkey office suites and a 7-bay garage provide front-office and storage functionality in one package.
Property Size7,551 SF
Price / SF$353.33
Days on Market140
Property Features for 880 King Ave & 896 King Ave
General Information
Standard status
Size
Total Parking Spaces
Property subtype
Site & Location
Neighborhood
Additional Details
Drive-In Doors
Building Details
Building Size
Year Built
Listing Agency:
Kohr Royer Griffith
Listed By:
Brent Garland · License OH #2012002167
(614) 551-4485
Source:
Krgre
Added: Jun 25
Changed: Nov 10
Last Checked: Nov 10 at 5:30AM
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 Kohr Royer Griffith
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This offering combines office space with a multi-bay garage for teams that need both working space and back-end storage. The office portion provides private offices, open work areas, conference rooms, and full kitchenettes. The garage is a 7-bay, 2,700 SF cement block structure with individual roll-up doors and shared interior access, supporting efficient loading and daily operations. Interior layouts are updated and the building includes central heat & air, with the space described as ready for use.
The properties are presented together as two opportunities at 880 King Ave and 896 King Ave, with the sale price stated to cover all 4 parcels. Parking is available for 50+ total defined spaces, including a gated lot and additional garage bay access.
From a tenant or owner-operator standpoint, the configuration supports a practical workflow that blends client-facing space with dedicated garage bays. The combination of private offices and meeting space alongside multiple roll-up doors can accommodate office-heavy businesses that also require on-site storage, warehousing, or light distribution functions. The defined parking and shared interior access are designed to keep day-to-day movement between front and back of house straightforward.
The properties are presented together as two opportunities at 880 King Ave and 896 King Ave, with the sale price stated to cover all 4 parcels. Parking is available for 50+ total defined spaces, including a gated lot and additional garage bay access.
From a tenant or owner-operator standpoint, the configuration supports a practical workflow that blends client-facing space with dedicated garage bays. The combination of private offices and meeting space alongside multiple roll-up doors can accommodate office-heavy businesses that also require on-site storage, warehousing, or light distribution functions. The defined parking and shared interior access are designed to keep day-to-day movement between front and back of house straightforward.
Key Highlights
- 7,500+ SF combined office space across 4 parcels at 880 King Ave and 896 King Ave
- Office includes private offices, open work areas, conference rooms, and full kitchenettes
- 7‑bay garage with 2,700 SF cement block structure, each with an individual roll‑up door
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$86,650
Cap Rate
3.27%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,733,000
$1.7M
Cap Rate 7%
$1,237,857
$1.2M
Cap Rate 9%
$962,778
$962.8K
Market Conditions
NOI Build-Up for 7,500 SF
Gross rent
$148.5K $19.80/SF
− Vacancy
−$33.0K −$4.40/SF
EGI
$115.5K $15.40/SF
− OpEx
−$28.9K −$3.85/SF
NOI
$86.6K $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%
$1,733,000
Cap Rate 7%
$1,237,857
Cap Rate 9%
$962,778
Alternative Uses
Best Use
Office B
$1.24M
$1.08M – $1.44M
NOI $86,650 @ 7.0% cap · market cap 3.27%
Second Best
Flex RnD
$1.06M
$931.6K – $1.24M
NOI $74,529 @ 7.0% cap · market cap 2.81%
Theoretical Best
Office A
$1.56M
$1.37M – $1.82M
NOI $109,413 @ 7.0% cap · market cap 4.13%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
7
Drive-in doors
Location Intelligence
Trade Area within ½ mile
1,956
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 43212, OH
24,171
Population
13,506
Households
1.8
Avg Household Size
30
Median Age
78%
College-Educated
98%
High-School Grad
3.7 sq mi
ZIP Area
6,533
Density / Sq Mi
$74,952
Median Household Income
$59,037
Median Earnings
$1,382
Median Rent
$514,800
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Average Price Trend$/SF for Flex space in Columbus, OH
Properties on Market for Flex space in Columbus
Vacancy Rate% for Office in Columbus, OH
Similar Off Market Nearby
- Firehouse Subs Grandview — 955 W 5th Ave, Columbus, OH 43212
- Steven's Catering — 1221 Chesapeake Ave, Columbus, OH 43212
Frequently Asked Questions
What type of property is this?
Flex space - Turnkey office suites and a 7-bay garage provide front-office and storage functionality in one package.
Where is this flex space located?
The property is located at 880 King Ave & 896 King Ave Columbus, OH.
What is the asking price?
The asking price for this property is $2,650,000.
What are key features of this property?
This property features: 7,500+ SF combined office space across 4 parcels at 880 King Ave and 896 King Ave; Office includes private offices, open work areas, conference rooms, and full kitchenettes; 7‑bay garage with 2,700 SF cement block structure, each with an individual roll‑up door
