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    1105 Schrock Rd Columbus, OH 43229

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    For Lease
    Contact for pricing

    Prime Office Suites, Columbus, OH

    Lot size:
    212,879 SF

    Property Features for 1105 Schrock Rd

    General Information

    Property type
    Office Properties & Spaces
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    212,879 SF
    Class
    A
    Total Rate
    301578.58

    Building Details

    Year Built
    1982
    Stories
    8

    Spaces For Lease

    at 1105 Schrock Rd, Columbus, OH 43229 Contact us
    Unit Suite 125

    $17 /Mo

    Size
    4,950 SF
    Contact us
    Unit Suite 300

    $17 /Mo

    Size
    18,004 SF
    Contact us
    Unit Suite 521

    $17 /Mo

    Size
    1,150 SF
    Contact us
    Unit Suite 224

    $17 /Mo

    Size
    709 SF
    Contact us
    Unit Suite 525

    $17 /Mo

    Size
    640 SF
    Contact us
    Unit Suite 220

    $17 /Mo

    Size
    3,261 SF
    Contact us
    Unit Suite 236

    $17 /Mo

    Size
    6,789 SF
    Contact us
    Unit Suite 610

    $17 /Mo

    Size
    1,464 SF
    Contact us
    Unit Suite 636

    $17 /Mo

    Size
    2,485 SF
    Contact us
    Show more

    We can help!

    Listing Contact
    Andrew Jameson
    Andrew Jameson

    Listing Agency: Colliers - Columbus, Ohio Listing Agent: Andrew Jameson

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

    Learn more

    Property Insight Report

    Overview

    1105 Schrock Road offers 56,463 square feet of immediately available Class A office space in Columbus, Ohio. This eight-story building, constructed in 1982, boasts a total of 212,879 square feet and features a stunning granite lobby. Suites range from 640 to 18,004 contiguous square feet, catering to various business needs. The property benefits from excellent freeway visibility and recently renovated common areas, including two conference rooms and a full-service on-site cafe. Professional on-site property management ensures a seamless experience. Monument signage opportunities are available, enhancing brand visibility. Ample parking is provided with a 4/1,000 square foot ratio, accommodating a significant number of vehicles. The building's central location in Columbus, Ohio, zip code 43229, provides easy access to major transportation routes and amenities. This is an exceptional opportunity for businesses seeking high-quality, flexible office space in a prime location.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Maloney Novotny LLC Tax Preparation Pike Engineering Solutions Engineering Consultant Lutheran Social Services Charitable Organization LSS 211 Central ... Charitable Organization Kisling, Nestico & Redick Law Firm

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

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

    Location Insight

    • Map
    • Local Demand
    City
    Columbus
    County
    Franklin
    State
    Ohio
    Longitude
    -82.9850498
    Latitude
    40.1016445

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    FAQs

    What type of property is this?
    Office Property / Space - Prime Office Suites, Columbus, OH
    Where is this office property / space located?
    The property is located at 1105 Schrock Rd Columbus, OH.
    What is the lease rate?
    The lease rate is $17 SF/Yr.
    What are key features of this property?
    This property features: 56,463 square feet of immediately available Class A office space in Columbus, OH.; Eight-story building (212,879 total square feet) with a granite lobby, built in 1982.; Suites range from 640 to 18,004 contiguous square feet.
    (614) 436-9800 Call to check price and availability
    Request Owner's contact information
    1105 Schrock Rd Columbus, OH 43229
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    Columbus, OH 43229
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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
    1105 Schrock Rd Columbus, OH 43229
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    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Andrew Jameson
    Andrew Jameson
    Real Estate License ID: 415955
    (614) 436-9800
    Learn more
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