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Property profile & analytics
OFF-MARKET Estimated value $825,000
Investment properties

633-635 High St Worthington, OH 43085

3,750 SF 0.06 ac lot Built 1900
Trust Owned 12-yr Hold Free & Clear
Property ID
US66-1266965
Property summary
AI-generated overview

This exceptional 3,750 square foot multi-tenant property, located at 633-635 High Street in Worthington, Ohio, presents a unique investment opportunity. The building, situated on a 0.054-acre lot (APN 100-000225-00), boasts a prime location within Worthington's thriving retail corridor, just 15 minutes north of downtown Columbus. Currently 100% occupied by five tenants with a remaining lease term of 0.5 years, this offers significant rental upside potential, with current rents approximately 50% below market value. The property's C4 zoning allows for flexibility in future use. Built in 1817 and renovated in 1917/1926, this historic storefront and traditional office space offers an owner-user opportunity, with the possibility of occupying approximately 2,000 square feet of retail space on a month-to-month lease. The asking price is $900,000, translating to $240 per square foot. Worthington's consistently strong housing market and its renowned farmer's market further enhance the property's investment appeal. This irreplaceable piece of Worthington history hasn't changed hands in nearly 40 years, presenting a rare chance to acquire a landmark property.

Property profile
Verified
Property type Investment properties
Use group OFFICE/RESIDENTIAL (MIXED USE)
Year built 1900
Construction WOOD
Total area 3,750 SF
Lot 0.06 ac (2,396 SF)
APN 100-000225
UPID US66-1266965
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
$825k
CAP Approach CAP
$585k
Comparable Approach Comparable
by Request
Blend (final) Blend
$825k
Owner & transaction history
Musgrove Property Mgmt Trust · 12 yrs held
Musgrove Property Mgmt Trust
since 2013
Last sale
$825,000
2 recorded transactions
2013
Price N/A
2013
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage $620,000 +64.3%
Neighborhood: shopping center $615,000 +63.4%
Medical building $565,000 +49.8%
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