Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    642 High St Columbus, OH 43215
    Back to Search
    Property profile & analytics

    642 High St, Columbus, OH 43215

    View on Map
    • Retail properties & Spaces
    • 19,040 SF
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Brandt Roberts Galleries / Art Gallery / Art Restoration Service
    • La Jeune Mariee Maids & Social Occasions / Clothing & Fashion Store

    Property Details for 642 High St

    Property type
    Retail properties & Spaces

    Description

    This exceptional retail space, totaling 2,136 square feet, is situated at 642 N High Street in Columbus, Ohio's vibrant Short North Arts District. The property boasts a highly desirable location within a densely populated and high-traffic area, offering unparalleled visibility and accessibility. The building itself is a three-story Class B structure with a total of 19,040 square feet, indicating a strong and established presence in the neighborhood. The available space is part of a multi-tenant building, presenting an opportunity to join a thriving commercial community. Its convenient location provides easy access to major thoroughfares, including I-670 and I-315, ensuring excellent connectivity for both customers and employees. The address is 642 N High St, Columbus, OH 43215, with a cross street of E Russell. Franklin County is the location. This space presents a unique chance to establish or expand a business in one of Columbus's most sought-after commercial districts. The property's strategic location and ample square footage make it an ideal investment for a variety of retail ventures. The building's established presence and the high foot traffic of the Short North Arts District promise a strong return on investment.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Columbus
    County
    Franklin
    State
    Ohio
    Longitude
    -83.0034
    Latitude
    39.9753

    Comparable in this City

    • Value Estimation by Request
      8,000 SF

      116-124 Long St

      Individual retail properties
      116-124 Long St, Columbus, OH 43215
      View Details
    • Value Estimation by Request
      32,669 SF

      175-199 Rich St

      Land
      175-199 Rich St, Columbus, OH 43215
      View Details
    • Value Estimation by Request
      12,220 SF

      691 High St

      Retail properties & Spaces
      691 High St, Columbus, OH 43215
      View Details
    • Value Estimation by Request
      3,960 SF

      89 Broad St

      Retail properties & Spaces
      89 Broad St, Columbus, OH 43215
      View Details
    • Value Estimation by Request
      840,000 SF

      429 Broad St

      Retail properties & Spaces
      429 Broad St, Columbus, OH 43215
      View Details
    • Value Estimation by Request

      500 Broad St

      Retail properties & Spaces
      500 Broad St, Columbus, OH 43215
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      24,613 SF

      Downtown Mixed-Use Development Opportunity

      Prime mixed-use development opportunity in downtown Columbus.
      40-50 E Long St, Columbus, OH 43215
      View Details
    • $9,500,000
      Pending

      Refurbished Mixed-Use Building in Columbus

      Historical building with luxury apartments, commercial units, and development potential.
      309 S 4Th St, Columbus, OH 43215
      View Details
    • Contact for pricing

      Retail Space at Union Station

      Retail property on North High Street, Columbus.
      565-601 North High St, Columbus, OH 43215
      View Details
    • $2,850,000

      Historic Landmark Adaptive Reuse Opportunity

      Historic Columbus landmark offering adaptive reuse potential with tax credits.
      167 S High St, Columbus, OH 43215
      View Details
    • $2,500,000
      4,936 SF

      Town Street Restaurant Investment

      Columbus Restaurant - Sale/Leaseback
      463 Town St, Columbus, OH 43215
      View Details
    • Contact for pricing
      4,464 SF

      Turnkey Restaurant and Apartments Opportunity

      Historic Columbus landmark with restaurant, bar, and rental apartments.
      22 East Mound St, Columbus, OH 43215
      View Details

    Similar Nearby for Lease

    • $26 SF/Yr
      12,220 SF

      High Street Retail Opportunity

      Columbus, OH: Prime Short North Retail Space
      691 High St, Columbus, OH 43215
      View Details
    • Contact for pricing
      315,000 SF

      High Street Retail Gem

      Columbus, Ohio: Prime Retail Space
      250 High St, Columbus, OH 43215
      View Details
    • Contact for pricing
      4,074 SF

      Short North Restaurant Space Available

      Fully built-out restaurant space in the heart of Short North.
      680-698 N High St, Columbus, OH 43215
      View Details
    • Contact for pricing
      4,760 SF

      Columbus Retail Space - McDowell St

      Prime Columbus restaurant space, 4,760 sq ft.
      68 Mcdowell St, Columbus, OH 43215
      View Details
    • Contact for pricing
      6,500 SF

      Restaurant Space Near Nationwide Arena

      Turn-key restaurant space with patio, across from Nationwide Arena.
      240-290 W Nationwide Blvd, Columbus, OH 43215
      View Details
    • Contact for pricing
      5,300 SF

      Prime Restaurant/Retail Space Available

      High-visibility restaurant/retail space in a central, vibrant location.
      850 North 4Th St, Columbus, OH 43215
      View Details
    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.
    642 High St
    Columbus, OH 43215
    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
    642 High St, Columbus, OH, 43215
    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!