Standalone Office
For Sale
$369,900
Reynoldsburg, OH 43068, Reynoldsburg, OH 43068
Office, Reynoldsburg, OH
Property Size1,755 SF
Lot Size0.29 Acres
Price / SF$210.77
Days on Market142
Property Features
General Information
Property type
Residential
Property subtype
Office
Zoning description
C-Commercial
Parking
15
Subdivision
H C HUBER PL 38
Standard status
Active
Size
1,755 SF
Lot size
0.29 Acres
Additional Details
Property Use
Office
Taxes and HOA fees
Tax Year
2024
Tax Annual Amount
7873
Utilities
Heating system
Forced Air
Water source
Public
Building Details
Year built
1959
Buildings
1
Listing Agency:
USA-1 Real Estate Corp.
(740) 927-3400
Listed By:
Earl H Kerns
(614) 915-7230
Added: Jun 8
Changed: Oct 27
Last Checked: Oct 27 at 2:06AM
MLS# 226020745
Copyright © 2026 Columbus and Central Ohio Multiple Listing Service. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
This standalone office building contains 1,755 square feet with a reception and waiting area leading to five separate rooms. The configuration supports professional offices, medical practices, or retail service providers, with spaces adaptable for private offices, exam rooms, conference areas, or service suites. Interior improvements include fresh paint and updated floor coverings, while the roof was completely replaced less than 5 years ago.
The property occupies 0.29 acres at the corner of Brice Road and Roselawn Avenue in Reynoldsburg. Direct Brice Road frontage provides prominent exposure, while vehicle access is available from Roselawn Avenue. The paved lot includes 15 dedicated parking spaces and has been recently coated and striped. The site is less than one mile from the I-70/Brice Road interchange and includes public water service and forced-air heating.
The property occupies 0.29 acres at the corner of Brice Road and Roselawn Avenue in Reynoldsburg. Direct Brice Road frontage provides prominent exposure, while vehicle access is available from Roselawn Avenue. The paved lot includes 15 dedicated parking spaces and has been recently coated and striped. The site is less than one mile from the I-70/Brice Road interchange and includes public water service and forced-air heating.
Key Highlights
- 1,755‑square‑foot standalone office building on 0.29 acres
- Reception and waiting area plus 5 distinct rooms
- 15 dedicated spaces in a newly coated and striped paved lot
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$21,608
Cap Rate
5.84%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$432,160
$432.2K
Cap Rate 7%
$308,686
$308.7K
Cap Rate 9%
$240,089
$240.1K
Market Conditions
NOI Build-Up for 1,755 SF
Gross rent
$37.9K $21.60/SF
− Vacancy
−$9.1K −$5.18/SF
EGI
$28.8K $16.42/SF
− OpEx
−$7.2K −$4.10/SF
NOI
$21.6K $12.31/SF
Area
Franklin County, OH
Vacancy
24.00%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$432,160
Cap Rate 7%
$308,686
Cap Rate 9%
$240,089
Alternative Uses
Best Use
Office B
$308.7K
$270.1K – $360.1K
NOI $21,608 @ 7.0% cap · market cap 5.84%
Second Best
Healthcare Medical
$248.1K
$217.1K – $289.5K
NOI $17,369 @ 7.0% cap · market cap 4.70%
Theoretical Best
Specialty Retail
$357.8K
$313.1K – $417.4K
NOI $25,046 @ 7.0% cap · market cap 6.77%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
248
Businesses Nearby
Explore this area
Business Placement
Demographics for 43068, OH
59,585
Population
25,294
Households
2.4
Avg Household Size
36
Median Age
30%
College-Educated
91%
High-School Grad
19.6 sq mi
ZIP Area
3,040
Density / Sq Mi
$70,451
Median Household Income
$42,327
Median Earnings
$1,214
Median Rent
$225,500
Median Home Value
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Market
Vacancy Rate% for Office in Midwest region
Frequently Asked Questions
What type of property is this?
Office building - Updated finishes, a flexible five-room layout, and dedicated paved parking support professional or medical office operations.
Where is this office building located?
The property is located at Reynoldsburg, OH.
What is the asking price?
The asking price for this property is $369,900.
What are key features of this property?
This property features: 1,755‑square‑foot standalone office building on 0.29 acres; Reception and waiting area plus 5 distinct rooms; 15 dedicated spaces in a newly coated and striped paved lot
