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    585 Front St Columbus, OH 43215

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    For Lease
    Contact for pricing

    Prime Brewery District Office Suites Available

    Lot size:
    45,363 SF

    Property Features for 585 Front St

    General Information

    Property type
    Office properties & Spaces
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    45,363 SF
    Class
    A
    Total Rate
    52923.5

    Building Details

    Year Built
    2000
    Stories
    3

    Spaces For Lease

    at 585 Front St, Columbus, OH 43215 Contact us
    Unit Suite 50

    $14 /Mo

    Size
    6,797 SF
    Contact us
    Unit Suite 210

    $14 /Mo

    Size
    4,772 SF
    Contact us
    Unit Suite 210+230

    $14 /Mo

    Size
    5,861 SF
    Contact us

    We can help!

    Listing Contact
    Matt Gregory
    Matt Gregory

    Listing Agency: NAI Ohio Equities, LLC Listing Agent: Matt Gregory

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Overview

    Brewers Yard I offers exceptional Class A office space in Columbus' vibrant Brewery District. This three-story building, constructed in 2000, boasts a total of 45,363 square feet, with multiple suites available for lease. Currently, 17,430 square feet is vacant, offering flexible options ranging from a minimum of 4,772 square feet to a maximum contiguous space of 6,797 square feet. The building features three total suites, providing a range of configurations to suit various business needs. Ample parking is a key advantage, with a 500-car surface lot and a 1,000-car parking garage, offering a parking ratio of up to 6 spaces per 1,000 square feet. Elevators are available for convenient access to all three floors. Located in the heart of Franklin County's Central Business District (CBD), this property benefits from the energy and amenities of the Brewery District submarket cluster. Building amenities include a welcoming courtyard, prominent building signage, and dedicated executive parking at 605 S Front St. Enjoy the added perk of "Food Truck Friday" events held on the first Friday of each month. This is an unparalleled opportunity to secure prestigious office space in a thriving location.
    Property Profile Location Intelligence

    Current Use by Public Records

    Matic Insurance Services Insurance Agency Kantar Retail IT Consulting Firm Gilbert Group Real ... Real Estate Agency CDG Columbus Association Or Organization FITCH Marketing & Advertising

    Suggested Use

    Real Estate Agency Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Daycare Center Gym & Fitness Center Skin Care Clinic

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

    Location Insight

    • Map
    • Local Demand
    City
    Columbus
    County
    Franklin
    State
    Ohio
    Longitude
    -83.0004654
    Latitude
    39.9499052

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    FAQs

    What type of property is this?
    Office property - Prime Brewery District Office Suites Available
    Where is this office property located?
    The property is located at 585 Front St Columbus, OH.
    What is the lease rate?
    The lease rate is $14 SF/Yr.
    What are key features of this property?
    This property features: Class A office building totaling 45,363 square feet.; Located in the Brewery District submarket of Franklin County's CBD.; Features two available spaces ranging from 4,772 to 6,797 square feet.
    (614) 629-5234 Call to check price and availability
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    585 Front St Columbus, OH 43215
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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
    585 Front St Columbus, OH 43215
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    Contact for Pricing
    Please call us for current price
    and status of this listing Matt Gregory
    Matt Gregory
    Real Estate License ID: 2006003063
    (614) 629-5234 (614) 937-6501
    Learn more
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