5424 Broad StColumbus, OH 43228

Property Details for 5424 Broad St

Year built

1988

Lot size

0.16 AC

Property size (Sq ft)

1,272 SF

Property type

Retail space

APN

240-000478

APU

240000478

Description

This exceptional 1,272 square foot commercial office space, located at 5424 W Broad Street in Columbus, Ohio (zip code 43228), presents a unique leasing opportunity. The property, identified by APN 240-000478, features a single-tenant occupancy within a larger building. The office occupies the entire upper level and offers exclusive use. The space includes two rooms (11x11 with a sink and 11x20), and a half-bath in the hallway. A significant advantage is the all-inclusive lease, covering water, electric, gas, and taxes. This prime location boasts high traffic volume and is conveniently situated near major roadways, including I-70 and I-270, ensuring easy access for clients and employees. The property sits on a 0.17-acre lot and is surrounded by established national retailers, providing excellent visibility and foot traffic. Note that the ground floor is occupied by an active hair salon with chair rentals available separately. The cross street is Rome Hilliard Road. This is a fantastic opportunity for a business seeking a move-in ready, all-inclusive office space in a high-demand area.

• CAP approach

  CAP return

  Valuation

  6%

  $375,468

  6.5%

  $346,586

  7%

  $321,829

• Comparable approach

  Method

  Valuation

  Relative Method

  $299,837

  Geo Method

  $299,837

• Alternative Use

  Use

  Valuation

  Residential

  $292,358

  Hospitality

  $267,798

  Educational

  $222,805

  Medical

  $230,468

  Retail

  $346,586

Location Insight

City

Columbus

County

Franklin

State

Ohio

Latitude

39.9518

Longitude

-83.1451

CBSA code

18140

CBSA name

COLUMBUS, OH METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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