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Property profile & analytics
FOR LEASE
Office buildings
1880 Mackenzie Dr Columbus, OH 43220
Entity Owned
12-yr Hold
~
Est. High Equity
Property ID
US66-1312989
For Lease
1 / 3
Contact for pricing
1880 Mackenzie Dr, Columbus, OH 43220
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Property summary
AI-generated overview
This exceptional two-story office building, located at 1880 MacKenzie Drive in Columbus, Ohio's desirable Upper Arlington submarket, offers two available suites totaling 16,800 square feet. The building features a traditional office design, suitable for various professional uses, including medical and executive offices. The available spaces range from 1,550 to 2,883 square feet and are situated on the second floor. Each suite boasts a mostly open floor plan, complemented by several private offices, providing flexibility for diverse business needs. Access to the second floor is convenient, with both stairs and an electric lift available. The building's location in Franklin County, Ohio, zip code 43220, provides easy access to W Henderson Rd and benefits from the vibrant Upper Arlington community. This is a rare opportunity to secure high-quality office space in a prime location. The building's single structure is well-maintained and ready for immediate occupancy. Multiple tenancy options are available, making it ideal for businesses of various sizes. Contact us today to schedule a viewing and explore the possibilities.
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1972
Total area
16,800 SF
Lot
1.05 ac (45,607 SF)
APN
070-011261
UPID
US66-1312989
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$525k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.11M
Blend (final)
Blend
$820k
Owner & transaction history
Mackenzie Office Props LLC · 12 yrs held
Mackenzie Office Props LLC
since 2013
1 recorded transaction
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Columbus submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Columbus submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
$525,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$820k
Range $738k – $902k · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$49 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$23,269
Tax year 2023
Assessed value
$288,790
Assessed 2023
Previous assessed
$275,280
+4.9% YoY
Effective rate
8.06%
On assessed value
Assessed land
$145,430
Assessed improvement
$143,360
Land market value
$415,500
Improvement market value
$409,600
Total market value
$825,100
Applied tax rate
70.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Office buildings
Use group
OFFICE BUILDING
Status
For Lease
Year built
1972
Heating
YES
Cooling
CENTRAL
Buildings
1
Stories
2
Total area
16,800 SF
Lot
1.05 ac (45,607 SF)
APN
070-011261
UPID
US66-1312989
Jurisdiction
FRANKLIN
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
1972
Heating
YES
Cooling
Yes
Stories
2
Buildings
1
Lot
1.05 ac
Current owner
From public records · entity-resolved
Mackenzie Office Props LLC
Entity
Mailing address
1480 DUBLIN RD, COLUMBUS, OH 43215-1010
Ownership since
2013
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 26, 2013
$762,500
Mackenzie Office Props LLC
Sheaf & Jentgen Companies LP
Warranty Deed
$900,000 · Arlington Bank
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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