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    150 - 190 S High St Columbus, OH 43215

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    For Lease
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    Prime retail spaces in the heart of downtown Columbus.

    Type:Retail
    Property size:
    1,900 SF
    Added:
    Nov 14, 2019
    Days on Market:
    2350
    Last Refresh:
    Mar 17 at 1:17 pm

    Property Features for 150 - 190 S High St

    General Information

    Standard status
    Active
    Size
    1,900 SF
    Property subtype
    Retail

    Building Details

    Year Built
    2013

    Spaces For Lease

    at 150 - 190 S High St Contact us

    Former AT&T Space $24 /Mo

    Size
    1,090 SF
    Type
    Retail
    This space is ideal for capturing local and tourist traffic as well as the daily...
    show more
    Contact us

    Former Coffee Shop $27 /Mo

    Size
    1,900 SF
    Type
    Retail
    1,900 +/- SF endcap space with highly desired outdoor patio space fronting on High...
    show more
    Contact us

    Former Swans Cleaners space $24 /Mo

    Size
    1,100 SF
    Type
    Retail
    Former Swans Cleaners space available that is +/- 1,100 SF. This space is ideal for...
    show more
    Contact us

    We can help!

    Listing Contact
    Julie Cohen
    Julie Cohen

    Listing agent Julie Cohen License #2022001851

    Listing office The Robert Weiler Company

    Listing date Nov 14, 2019

    Source Crexi

    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

    Overview

    Downtown Columbus Retail Spaces Available

    Located in the heart of downtown Columbus, these commercial retail units are situated underneath the Highpoint apartments, which consist of 301 units and are located on Columbus Commons. Available spaces include a +/- 1,900 square foot endcap space at 190 S High, featuring a highly desired outdoor patio fronting on High Street. Additionally, there is a former AT&T space at 190 S High offering +/- 1,090 square feet. At 150 S High, a former Swans Cleaners space is available, providing +/- 1,100 square feet. These spaces benefit from high visibility and frontage on S High Street, which sees over 14,980 vehicles per day. Columbus Commons hosts various events, including movies, concerts, workout classes, and weekly food trucks, attracting thousands of people to the site, in addition to the existing Highpoint community. These spaces are ideal for capturing local and tourist traffic, as well as serving the daily downtown workforce.
    Location Intelligence

    Current Use by Public Records

    Spaghetti Wearhouse Restaurant Peptide Therapy Clinic Insurance Agency The Spaghetti Warehouse Restaurant The Point on the Park Hotel & Motel

    Suggested Use

    Real Estate Agency Spa & Massage Center Restaurant Dental Office Hair Salon Nail Salon Building Supply Daycare Center Kitchen & Bath Showroom Gym & Fitness Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Columbus
    County
    Delaware
    State
    Ohio
    Longitude
    -82.9997905
    Latitude
    39.9590115

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    FAQs

    What type of property is this?
    Retail space - Prime retail spaces in the heart of downtown Columbus.
    Where is this retail space located?
    The property is located at 150 - 190 S High St Columbus, OH.
    What are key features of this property?
    This property features: Prime retail spaces in the heart of downtown Columbus.; Located underneath the Highpoint apartments (301 units) and on Columbus Commons.; High visibility and frontage on S High Street with 14,980+ vehicles per day.
    (614) 643-2654 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Julie Cohen
    Julie Cohen
    Real Estate License ID: 2022001851
    Learn More
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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
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