Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    535 Reach Blvd Columbus, OH 43215
    Back to Search
    Property profile & analytics

    535 Reach Blvd, Columbus, OH 43215

    View on Map
    • Office Spaces
    • 66,243 SF
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Office Spaces

    Property Details for 535 Reach Blvd

    Year built
    2020
    Property type
    Office Spaces
    Property subtype
    Medical Office Space

    Description

    This exceptional Class A, four-story office building, totaling 66,243 square feet, offers a variety of flexible spaces ideal for executive, traditional, or medical office uses. Located in the heart of Columbus's Downtown submarket, at 535 Reach Blvd (near Goodale and Edgar Waldo Streets), this 2020-built property boasts 15,574 square feet of immediately available space, with minimum divisible units of 6,708 square feet. The building features ample parking (4 spaces per 1000 square feet), elevators, and unparalleled views of the city. Situated within a vibrant mixed-use development, tenants enjoy convenient access to SR-315 and I-670, along with nearby amenities such as a walking path, dog park, amphitheater, and event center. Property taxes are $11.75 per square foot. This prime location offers easy access to Grandview Yard and the broader downtown area, providing a unique and revitalized campus atmosphere. The building is part of White Castle's new redevelopment project along Goodale Street. This is an unparalleled opportunity to secure office space in a thriving, amenity-rich environment. Franklin County APN: 010-298118. Zip code: 43215.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Columbus
    County
    Franklin
    State
    Ohio
    Longitude
    -83.0184
    Latitude
    39.9739

    Comparable in this City

    • Value Estimation by Request
      6,938 SF

      2100 Marble Cliff Office Park

      Medical Office Space
      2100 Marble Cliff Office Park, Columbus, OH 43215
      View Details
    • Value Estimation by Request

      10 High St

      Office Units
      10 High St, Columbus, OH 43215
      View Details
    • Value Estimation by Request
      12,932 SF

      2150 Marble Cliff Office Park

      Medical Office Space
      2150 Marble Cliff Office Park, Marble Cliff, OH 43215
      View Details
    • Value Estimation by Request
      68,178 SF

      31-39 Gay St

      Restaurants
      31-39 Gay St, Columbus, OH 43215
      View Details
    • Value Estimation
      $1,660,000
      9,992 SF

      1127 Dublin Rd

      MEDICAL BUILDING
      1127 Dublin Rd, Columbus, OH 43215-1005
      View Details
    • Value Estimation
      $3,180,000
      33,305 SF

      720 Broad St

      MEDICAL BUILDING
      720 Broad St, Columbus, OH 43215-3988
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      6,938 SF

      Medical Office in Prime Location

      Established dermatology practice, excellent parking, and monument signage.
      2100 Marble Cliff Office Park, Columbus, OH 43215
      View Details
    • 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
    • $2,400,000
      6,938 SF

      Medical Office Building For Sale

      Medical office building with established tenant in Columbus, OH.
      2100 Marble Cliff Office Park, Columbus, OH 43215
      View Details
    • Contact for pricing

      Grandview Office Space For Sale

      2,073 SF office space with highway access and parking.
      1370 Dublin Rd, Columbus, OH 43215
      View Details
    • Contact for pricing
      1,480 SF

      Mixed-Use Office Condo with Cyclorama

      2,301 SF mixed-use condo with cyclorama wall and high ceilings.
      437-453 E Mound St, Columbus, OH 43215
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      3,866 SF

      Medical Office Space Available

      Medical office space for lease in downtown Columbus.
      500 E Main St, Columbus, OH 43215
      View Details
    • Contact for pricing
      1,500 SF

      Medical Office Space Near Hospital

      1,500 SF medical office space near Nationwide Children’s Hospital.
      399 E Livingston Ave, Columbus, OH 43215
      View Details
    • Contact for pricing
      9,265 SF

      Columbus Office Space For Lease

      Office space available near downtown Columbus, close to major landmarks.
      475 E Mound St, Columbus, OH 43215
      View Details
    • Contact for pricing

      Office Space for Lease

      Office space available for lease at 100 E Broad St.
      100 E Broad St, Columbus, OH 43215
      View Details
    • Contact for pricing

      High-Visibility Office Space in Columbus

      Professional office space with rare onsite parking in Columbus.
      475 E Mound St, Columbus, OH 43215
      View Details
    • Contact for pricing

      Office Space Available for Rent

      Office property available for rent at 500 W Broad St.
      500 W Broad 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.
    535 Reach Blvd
    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
    535 Reach Blvd, 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!