Brewery District Office
For Sale
$765,000
995 S High Street, Columbus, OH 43206
5,933 SF office building in the Brewery District.
Property Size5,933 SF
Price / SF$128.94
Days on Market198
Property Features for 995 S High Street
General Information
Standard status
Active
Size
5,933 SF
Class
C
Property subtype
Office
Building Details
Building Size
5,933 SF
Year Built
1960
Listing Agency:
NAI Ohio Equities
(614) 940-6139
Listed By:
Mitchell Moore, CCIM · License #SAL.2022002864
(614) 940-6139
Source:
Ohioequities
Added: Jan 27
Changed: Aug 8
Last Checked: Aug 8 at 6:01AM
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 NAI Ohio Equities
Investment Insights
Based on property information with market context.
Located in the Brewery District/German Village High Street corridor, this 5,933 SF office building presents a valuable opportunity. The property is currently occupied by two tenants. The second and third floors, totaling 2,600 SF, are owner-occupied and will be vacated upon sale. These floors feature abundant natural light, multiple large private offices, two private restrooms, two kitchenettes (one on each floor), a conference room, and seating areas. Zoned Mixed Use, Urban Center, the property allows for a wide variety of uses and potential redevelopment. The building includes 14 on-site parking spaces. Situated on S. High Street at the corner of Stewart Avenue, the property benefits from high street frontage with nearly 20,000 vehicles per day. Numerous amenities are nearby, including many restaurants, bars, retailers, Schiller Park, and Scioto Audubon Metro Park. It also provides easy access to downtown Columbus, I-71, I-70, and all other major highways connected to downtown.
Key Highlights
- Prime location in the Brewery District/German Village High Street corridor.
- Zoned Mixed Use, Urban Center, allowing for a wide variety of uses and redevelopment opportunities.
- 5,933 SF office building with 2,600 SF available for immediate occupancy.**
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$68,546
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
8.96%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,370,920
$1.4M
Cap Rate 7%
$979,229
$979.2K
Cap Rate 9%
$761,622
$761.6K
Market Conditions
NOI Build-Up for 5,933 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$117.5K $19.80/SF
− Vacancy
−$26.1K −$4.40/SF
EGI
$91.4K $15.40/SF
− OpEx
−$22.8K −$3.85/SF
NOI
$68.5K $11.55/SF
Area
Columbus, OH
Vacancy
22.20%
Lease Rate
$19.80 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,370,920
Cap Rate 7%
$979,229
Cap Rate 9%
$761,622
Alternative Uses
Best Use
Office B
$979.2K
$856.8K – $1.14M
NOI $68,546 @ 7.0% cap · market cap 8.96%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.24M
$1.08M – $1.44M
NOI $86,553 @ 7.0% cap · market cap 11.31%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
815
Businesses Nearby
Explore this area
Business Placement
Demographics for 43206, OH
21,594
Population
12,758
Households
1.7
Avg Household Size
35
Median Age
48%
College-Educated
94%
High-School Grad
3.0 sq mi
ZIP Area
7,198
Density / Sq Mi
$74,421
Median Household Income
$52,603
Median Earnings
$1,339
Median Rent
$280,400
Median Home Value
Market
Vacancy Rate% for Office in Columbus, OH
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office building - 5,933 SF office building in the Brewery District.
Where is this office building located?
The property is located at 995 S High Street Columbus, OH.
What is the asking price?
The asking price for this property is $765,000.
What are key features of this property?
This property features: Prime location in the Brewery District/German Village High Street corridor.; Zoned Mixed Use, Urban Center, allowing for a wide variety of uses and redevelopment opportunities.; 5,933 SF office building with 2,600 SF available for immediate occupancy.**
