Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    250 Civic Center Dr Columbus, OH 43215

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    Class A Office Space, Columbus, OH

    Lot size:
    114,440 SF

    Property Features for 250 Civic Center Dr

    General Information

    Property type
    Office properties & Spaces
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    114,440 SF
    Class
    A
    Total Rate
    142573.17

    Building Details

    Stories
    6

    Spaces For Lease

    at 250 Civic Center Dr, Columbus, OH 43215 Contact us
    Unit Suite 110

    $14 /Mo

    Size
    1,790 SF
    Contact us
    Unit Suite 140

    $14 /Mo

    Size
    1,676 SF
    Contact us
    Unit Suite 200

    $14 /Mo

    Size
    6,051 SF
    Contact us
    Unit Suite 220

    $14 /Mo

    Size
    4,066 SF
    Contact us
    Unit Suite 290

    $14 /Mo

    Size
    1,210 SF
    Contact us
    Unit Suite 325

    $14 /Mo

    Size
    11,147 SF
    Contact us
    Unit Suite 580

    $14 /Mo

    Size
    3,655 SF
    Contact us
    Unit Suite 300

    $14 /Mo

    Size
    7,647 SF
    Contact us
    Unit Suite 460

    $14 /Mo

    Size
    1,190 SF
    Contact us
    Show more

    We can help!

    Listing Contact
    Michelle Fude, Ccim
    Michelle Fude, Ccim

    Listing Agency: Allied Real Estate Advisors Listing Agent: Michelle Fude, Ccim

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

    Learn more

    Property Insight Report

    Overview

    Bicentennial Plaza, a prestigious Class A, six-story office building in Columbus, Ohio, presents an exceptional opportunity for businesses seeking prime office space. Located at 250 S Civic Center Dr, 43215, this multi-tenant building offers stunning views of the Scioto Mile and Bicentennial Park. The property boasts a total of 114,440 square feet, with 38,432 square feet currently available. Spaces range from a minimum of 1,190 square feet to a maximum contiguous space of 11,147 square feet, providing flexibility for various business needs. Ample parking is available with a 2 per 1,000 square foot ratio, totaling over 280 spaces in on-site and nearby garages. Furthermore, over 5,400 additional parking spots are within a five-minute walk. This exceptional location in Franklin County offers unparalleled convenience and accessibility, making Bicentennial Plaza an ideal choice for businesses seeking a thriving and vibrant work environment. The building's traditional office layout provides a classic and efficient workspace. Contact us today to explore the available spaces and secure your place in this landmark Columbus property.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Wolinetz & Horvath: Wolinetz, ... Law Firm Eastman & Smith Ltd. Law Firm Wolinetz | Horvath | Brown Law Firm Marshall Forman Schlein ... Law Firm CASTO Real Estate Agency

    Suggested Use

    Real Estate Agency Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Daycare Center Kitchen & Bath Showroom Auto Repair Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    Columbus
    County
    Franklin
    State
    Ohio
    Longitude
    -83.0028515
    Latitude
    39.9567194

    Nearby Similar for Lease

    • New
      $8,500 /Mo
      9,723 SF

      Kenny Road Retail Space Available

      5,420 SF retail space with flexible build-out options.
      4588 Kenny Rd, Columbus, OH 43220
      View Details
    • $1,000 /Mo
      1,841 SF

      Renovated Office Suite Near Bexley

      Renovated office suite for lease near Franklin Park Conservatory.
      1824 E Broad St, Columbus, OH 43203
      View Details
    • $2,500 /Mo
      1,841 SF

      Renovated Office Suite Near Bexley

      Renovated office suite for lease near Franklin Park Conservatory.
      1824 E Broad St, Columbus, OH 43203
      View Details
    • New
      $7,500 /Mo
      5,079 SF

      Versatile Commercial Space in Columbus

      Spacious, updated commercial property suitable for various business ventures.
      85 Phillipi Rd, Columbus, OH 43228
      View Details
    • $1,500 /Mo
      2,700 SF

      Retail Space in Columbus, OH

      Retail property available for lease in Columbus, Ohio.
      7544 Pingue Dr, Columbus, OH 43085
      View Details
    • $1,500 /Mo
      2,700 SF

      Retail Space in Columbus, OH

      Retail property available for lease in Columbus, Ohio.
      7540 Pingue Dr, Columbus, OH 43085
      View Details
    • $800 /Mo
      1,634 SF

      Salon Space For Rent

      Salon space available with two stations and off-street parking.
      1480 Marsdale Ave, Columbus, OH 43223
      View Details
    • New
      $200 SF/Yr
      9,723 SF

      Salon Suites for Lease

      Individual salon suites available for lease in Columbus, OH.
      4588 Kenny Rd, Columbus, OH 43220
      View Details
    • $2,900 /Mo
      1,304 SF

      Short North Office Condo

      Configured office condo in the heart of Short North.
      4 Victorian Gate Way, Columbus, OH 43215
      View Details
    • $9 SF/Yr
      6,528 SF

      Versatile Commercial Space in Columbus

      6,528 sqft flex space with office and warehouse components.
      3620 Brandon St, Columbus, OH 43224
      View Details
    • $319,000
      2,880 SF

      Sullivant Avenue Commercial Building

      Renovated medical office building with high visibility and flexible layout.
      3033 Sullivant Ave, Columbus, OH 43204
      View Details
    • $550 /Mo
      6,000 SF

      Office Space in Columbus, OH

      Functional office space with flexible options in a convenient location.
      2586 Tiller Ln, Columbus, OH 43231
      View Details

    FAQs

    What type of property is this?
    Office property - Class A Office Space, Columbus, OH
    Where is this office property located?
    The property is located at 250 Civic Center Dr Columbus, OH.
    What is the lease rate?
    The lease rate is $14 SF/Yr.
    What are key features of this property?
    This property features: Renovated lobby and common areas.; Prime Scioto Mile location, minutes from the freeway.; Secure, covered parking garage.
    (614) 245-3487 Call to check price and availability
    Request Owner's contact information
    250 Civic Center Dr Columbus, OH 43215
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    250 Civic Center Dr
    Columbus, OH 43215
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    250 Civic Center Dr Columbus, OH 43215
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Michelle Fude, Ccim
    Michelle Fude, Ccim
    Real Estate License ID: 2017002260
    (614) 245-3487
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!