1495 Morse Rd Columbus, OH 43229-6478
This four-story, 26,182-square-foot Class C office building, constructed in 1964 and renovated in 1987, presents a compelling investment opportunity in Columbus, Ohio. Located at 1495 Morse Rd, this multi-tenant property boasts a 93.6% occupancy rate across 34 individual suites, each designed as a small office layout. The building offers significant value to tenants, evidenced by its high occupancy. Recent upgrades include new LED lighting, carpeting, and paint in the hallways and lobby, with 60% of tenant suites also featuring upgraded LED lighting. The property enjoys a convenient location in a densely populated area of Northern Columbus, providing immediate access to I-71. Parking is available at a ratio of 3 spaces per 1,000 square feet. The asking price is $1,750,000, translating to $66.84 per square foot. This well-maintained property offers a strong return on investment with potential for future appreciation. The building's strong occupancy and recent renovations make it an attractive option for investors seeking a stable, income-generating asset in a desirable Columbus location. The property's multi-tenant structure provides diversification and resilience against tenant turnover. The strategic location near I-71 ensures excellent accessibility for tenants and visitors. This is a rare opportunity to acquire a well-positioned, high-occupancy office building in a thriving Columbus market.
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Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.