1103 Schrock RdColumbus, OH 43229

Property Details for 1103 Schrock Rd

Year built

1988

Lot size

5.05 AC

Property size (Sq ft)

95,754 SF

Property type

Office buildings

APN

610-184216

APU

610184216

Description

This exceptional Class A office building, located at 1103 Schrock Road in Columbus, Ohio's Busch Corporate Center, offers a prime opportunity for businesses seeking flexible and prestigious space. Built in 1988, the four-story building boasts a total of 100,108 square feet, with 37,491 square feet currently vacant. Suites range from 1,009 square feet to a maximum contiguous space of 11,616 square feet, accommodating a variety of business needs. The building features a striking black Italian marble lobby, creating an immediate impression of sophistication. Amenities include an executive boardroom/conference room, a convenient vending area, and a tenant lounge for employee comfort and collaboration. Its strategic location provides easy access to major freeways, I-270 and Route 161, ensuring seamless commutes for employees and clients. The building offers a generous parking ratio of 4 spaces per 1,000 square feet, ensuring ample parking availability. This is an unparalleled opportunity to secure high-quality office space in a highly desirable location. Multiple tenancy options are available. Contact us today to learn more about leasing opportunities and explore how this exceptional property can meet your business needs.

• CAP approach

  CAP return

  Valuation

  6%

  $20,440,000

  6.5%

  $18,867,700

  7%

  $17,520,000

• Comparable approach

  Method

  Valuation

  Relative Method

  $8,956,830

  Geo Method

  $8,956,830

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $37,822,500

  Retail / Commercial

  $19,262,800

  Mixed-Use / Specialty

  $19,089,800

  Hospitality / Lodging

  $13,869,700

  Institutional / Educational

  $19,808,400

  Residential Income

  $23,175,800

  Multifamily

  $28,374,300

  Automotive / Energy

  $16,978,600

  Parking / Income-Based Land

  $5,962,200

  Restaurant / Food Service

  $9,706,090

  Healthcare / Senior Housing

  $19,683,200

Location Insight

City

Columbus

County

Franklin

State

Ohio

Latitude

40.1029

Longitude

-82.9869

CBSA code

18140

CBSA name

COLUMBUS, OH METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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