Mixed-Use Building with Retail
New
For Sale
$999,000
901-903 Oak Street 901, Columbus, OH 43205
The building combines three residential units with street-level space approved for restaurant and retail use.
Property Size6,384 SF
Price / SF$156.48
Days on Market2
Property Features for 901-903 Oak Street 901
General Information
Standard status
Active
Size
6,384 SF
Property subtype
Mixed Use
Site & Location
Neighborhood
Near East
Corner Location
Yes
Mixed-Use Components
residential, retail
Additional Details
Opportunity Zone
Yes
Multifamily Units
3
Taxes and HOA fees
Annual Taxes
$9,640
Building Details
Building Size
6,384 SF
Year Built
1930
Buildings
1
Listing Agency:
The Robert Weiler Company
Listed By:
Alexander N Marsh
(614) 937-3658
Source:
Camtaylor
Added: Oct 22
Changed: Oct 23
Last Checked: Oct 23 at 5:11PM
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 The Robert Weiler Company
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.
At 901-903 Oak Street, this 6,384-square-foot mixed-use property contains three residential units and one street-level retail space. The building dates to 1930, and the commercial space has approved restaurant and retail use.
The property occupies a corner in Columbus’ Olde Towne East neighborhood, near Downtown Columbus, and is within a Qualified Opportunity Zone.
The property occupies a corner in Columbus’ Olde Towne East neighborhood, near Downtown Columbus, and is within a Qualified Opportunity Zone.
Key Highlights
- 6,384‑square‑foot mixed‑use building
- Three residential units and one street‑level retail space
- Commercial space has approved restaurant and retail use
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$73,601
Cap Rate
7.37%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,472,020
$1.5M
Cap Rate 7%
$1,051,443
$1.1M
Cap Rate 9%
$817,789
$817.8K
Market Conditions
NOI Build-Up for 6,384 SF
Gross rent
$114.9K $18.00/SF
− Vacancy
−$9.8K −$1.53/SF
EGI
$105.1K $16.47/SF
− OpEx
−$31.5K −$4.94/SF
NOI
$73.6K $11.53/SF
Area
Columbus, OH
Vacancy
8.50%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,472,020
Cap Rate 7%
$1,051,443
Cap Rate 9%
$817,789
Alternative Uses
Best Use
Retail
$1.05M
$920.0K – $1.23M
NOI $73,601 @ 7.0% cap · market cap 7.37%
Second Best
Mixed Use
$1.05M
$915.7K – $1.22M
NOI $73,256 @ 7.0% cap · market cap 7.33%
Theoretical Best
Office A
$1.33M
$1.16M – $1.55M
NOI $93,132 @ 7.0% cap · market cap 9.32%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
1,771
Businesses Nearby
Explore this area
Business Placement
Demographics for 43205, OH
12,044
Population
7,303
Households
1.6
Avg Household Size
35
Median Age
41%
College-Educated
89%
High-School Grad
2.4 sq mi
ZIP Area
5,018
Density / Sq Mi
$54,214
Median Household Income
$41,219
Median Earnings
$1,050
Median Rent
$290,800
Median Home Value
Market
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Mixed-use property - The building combines three residential units with street-level space approved for restaurant and retail use.
Where is this mixed-use property located?
The property is located at 901-903 Oak Street 901 Columbus, OH.
What is the asking price?
The asking price for this property is $999,000.
What are key features of this property?
This property features: 6,384‑square‑foot mixed‑use building; Three residential units and one street‑level retail space; Commercial space has approved restaurant and retail use
