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Property profile & analytics
OFF-MARKET Estimated value $1,305,000
Office buildings

1495 Morse Rd Columbus, OH 43229-6478

26,182 SF 1.08 ac lot Built 1964
Entity Owned ~ Est. High Equity
Property ID
US66-2046448
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Office buildings
Use group OFFICE BUILDING (MULTI-STORY)
Year built 1964
Total area 26,182 SF
Lot 1.08 ac (47,219 SF)
APN 010-125855
UPID US66-2046448
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Zirconia Mania (Bike/Boat/Book/etc) Store
  • Buckeye Accident & Injury Alternative Medicine Practice
  • Dr. Dong-IL Kim, DDS Dental Office
  • Gianna Cone - State Farm Insurance Agent Insurance Agency
  • INFINITE BEAUTY LLC Hair Salon Nail Salon
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$1.31M
Owner & transaction history
Morris & Merrillville LLC
Morris & Merrillville LLC
since 2026
Last sale
$1.7M
7 recorded transactions
2026
$1.7M
2019
Price N/A
2019
$823,600
2017
$775,000
2015
Price N/A
2004
Price N/A
2003
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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