Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Award-Winning Creative Office Space Title is generated by Realmo AI

    982 S Front St, Columbus, OH 43206

    View on Map
    Claim this Listing
    For Lease
    Contact for pricing

    Unique office space in renovated 1917 warehouse building.

    Type:Office
    Added:
    Feb 19, 2024
    Days on Market:
    837
    Last Refresh:
    May 12 at 9:59 pm

    Property Features for 982 S Front St

    General Information

    Standard status
    Active
    Property subtype
    Office

    Building Details

    Year Built
    1913

    Spaces For Lease

    at 982 S Front St Contact us

    1st Floor $21/Mo

    Size
    4,423 SF
    Type
    Office
    Contact us

    We can help!

    Listing Contact
    J R Kern

    Listing agent J R Kern License #2001010337

    Listing office Capitol Equities Realty Ltd

    Listing date Feb 19, 2024

    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 Capitol Equities Realty Ltd

    HighLights

    • Multi‑award winning space recognized with the AIA Ohio Honor Award for Design and the Columbus Landmarks Recchie Award.
    • Unique, one‑of‑a‑kind office space.
    • Mixed‑use project offering both office space and upper floor loft apartments.
    • Fully renovated in 2010.
    • Originally built in 1913.
    • Formerly the home of Columbus Jack Corporation.

    Overview

    This mixed-use project offers distinctive office space on the first floor and upper-level loft apartments. The property, a 1917 warehouse building formerly occupied by Columbus Jack Corporation, underwent a complete renovation in 2010 to house the architectural and design firm, WSA Studios. The Jack has received the AIA Ohio Honor Award for Design and the Columbus Landmarks Recchie Award, making it an award-winning space suitable for creative businesses.
    Location Intelligence

    Current Use by Public Records

    WSA Architect

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop 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
    -82.9979241
    Latitude
    39.9419329

    Nearby Similar for Lease

    • $13 SF/Yr
      2,534 SF

      Flexible Space Near Downtown Columbus

      2,534 SF property suitable for diverse uses, available 2026.
      2089 Lockbourne Road, Columbus, OH 43207
      View Details
    • $1,850/Mo
      15,000 SF

      Ground Floor Office Condo Suite

      Well-maintained brick ground-floor suite with reception, kitchenette, private bath, and three offices for professional services.
      20 Northwoods Boulevard, Columbus, OH 43235
      View Details
    • $1,200/Mo
      2,265 SF

      Turnkey Medical Office Suites

      Move-in-ready professional suites with all-inclusive pricing, on-site laundry, and in-suite sink and vanity for client-focused practices.
      4602 Sawmill Road, Columbus, OH 43220
      View Details
    • $8,500/Mo
      9,723 SF

      Office Suite with Abundant Parking

      Flexible office space with new HVAC, updated windows, and extensive on-site parking for efficient commuting and client visits.
      4588 Kenny Road, Columbus, OH 43220
      View Details
    • $1,250/Mo
      959 SF

      Two-Story Office Condominium

      Well-appointed two-story office condo with conference/work area, private offices, kitchenette, and rear parking for small teams.
      867 N High Street, Columbus, OH 43085
      View Details
    • $1,500/Mo
      107,834 SF

      Class A Furnished Office Suites

      Turnkey, fully furnished private suites in a Class A setting with shared amenities and professionally maintained conference rooms.
      65 E State Street, Columbus, OH 43215
      View Details
    • $2,500/Mo
      1,841 SF

      Renovated Office Suite with Private Offices

      Renovated suite with three private offices, conference space, and dedicated parking to support efficient, client-ready operations.
      1824 E Broad Street, Columbus, OH 43203
      View Details
    • $1,800/Mo
      1,800 SF

      Columbus Office Suite For Lease

      Office suite with reception area, perfect for medical practice.
      50 Old Village Road, Columbus, OH 43228
      View Details
    • $800/Mo
      1,634 SF

      Salon Suite with Off-Street Parking

      Quiet, well-kept salon space with two stations and off-street parking for a focused client experience.
      1480 Marsdale Avenue, Columbus, OH 43223
      View Details
    • $200 SF/Yr
      9,723 SF

      Private Salon Suite Leasing

      Brand-new private salon suites for independent stylists, barbers, and other service professionals looking to control their schedule.
      4588 Kenny Road, Columbus, OH 43220
      View Details
    • $14 SF/Yr
      2,834 SF

      Multi-Entrance Medical Office Suite

      Flexible office layout with separate access and finished lower level supports multi-use medical or wellness operations.
      1918 Bethel Road, Columbus, OH 43220
      View Details
    • $6,750/Mo
      5,400 SF

      Warehouse with Renovated Office

      Updated warehouse with office space, high clear height, and two loading doors for flexible industrial operations.
      1400 Bliss Street, Columbus, OH 43219
      View Details

    FAQs

    What type of property is this?
    Creative space - Unique office space in renovated 1917 warehouse building.
    Where is this creative space located?
    The property is located at 982 S Front St Columbus, OH.
    What is the lease rate?
    The lease rate is $21 SF/Yr.
    What are key features of this property?
    This property features: Multi‑award winning space recognized with the AIA Ohio Honor Award for Design and the Columbus Landmarks Recchie Award.; Unique, one‑of‑a‑kind office space.; Mixed‑use project offering both office space and upper floor loft apartments.
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    J R Kern
    Real Estate License ID: 2001010337
    Learn More
    Request Owner's contact information
    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.
    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
    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

    Thank You for Inquiry
    982 S Front St, Columbus, OH 43206
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!