All Forum Posts by: Jonathan Wigan

If you’re looking to invest in the short term rental market through Airbnb look no further than Columbus, OH.

Our real estate team, The REllis Group at Key Realty, is based out of Columbus, Ohio and we are dedicated to providing you with detailed insight and tips that can help you find the right strategy for Airbnb investment properties in Columbus / Central Ohio.

Unlike other cities, Columbus, OH is considered a silent city, which means there are no city specific laws governing Airbnb rentals. Less red tape, means more money in your pocket. The numbers below outline just how profitable the short term rental market can be in Columbus.*

• CoC Return: 8.2%
• Cap Rate: 13.4%
• Rental Income: $2,160
• Occupancy Rate: 49.0%
• Median Property Price: $248,300

Case example of a past client:

Our team sold a 3 bedroom condo in a popular area of Columbus, Ohio known as Italian Village located in the 43201 zip code. Similar units in the area historically rent for $1500-1800 per month. Our clients are booking at $225 per night and averaging significantly more than the long-term rental rate. This location is close to the convention center and within walking distance of the short north arts district, both popular places for bars, restaurants and shops. The location also serves as a great place to stay for guests looking to be near the Ohio State University.

While ever zip code and property is different, it’s important to have exit strategies. Our team can compare the trade-off between long term rentals and Airbnb. Because the hospitality industry tends to be cyclical, you want to make sure your monthly rental income, at a minimum can, cover your debt service, taxes, insurance etc. We understand this because our owner currently has several Airbnb investment properties in Columbus near the downtown areas.

If you have questions about buying, selling, or investing in the short-term rental market in Columbus / Central Ohio please reach out, we want to talk with you!

Jonathan Wigan

REllis Group At Key Realty

614-929-2032

[email protected]

www.rellisgroup.com

*Sources:

https://www.mashvisor.com/blog/best-cities-airbnb-...

https://www.airdna.co/market-data/app/us/ohio/colu...

Our real estate team, The REllis Group at Key Realty, is based out of Columbus, Ohio and is here to help you with your commercial real estate needs related to your office needs - buy, sell, invest, or occupy.

Here’s how we can help!

• Find office space for sale
• Find recent office sales comparables
• Keep you updated on commercial office real estate news in our market
• Find office space for lease
• Connect you with office design consultants ie. Architects, contractors, inspectors, etc.
• Value your current office building that you own
• Help you weigh leasing vs. owning opportunities
• Determine whether flex office space is right for you

Do you ever ask yourself these questions?

Where do I find fully furnished & serviced offices with receptionist & meeting rooms?

I’m considering building my own office building, what are the next steps?

Can I invest in office instead of other asset classes?

Where can I find office space with tenant improvement (TI)

Allocation by the owner?

How do I negotiate a lease?

Are you an owner occupier or buy-to-let landlord of a self-contained office building within a courtyard style office scheme or business park environment?

Has your business grown or downsized – or simply your requirements for office space changed?

Are you wondering if moving office or selling your building in the current economic climate is a good option?

How can I sell my building without having to move out?

What if I don’t want to pay taxes on the equity when I sell my building?

How can I pull cash out of my building if I need it for my business?

What if I am growing or shrinking and don’t know how much space I will need?

Can I use an SBA loan to buy an office building and what are the requirements?

When is the best time to buy or sell an office building?

How do I know I am working with a qualified commercial real estate agent?

At The REllis Group at Key Realty we have in-depth knowledge and an innovative approach to the Columbus office real estate market. We are committed to marketing your office space in way that allow us to generate more live enquiries than any other independent commercial property specialist in the region.

If you have questions about leasing, owning, managing, selling, or investing in commercial office space in Columbus / Central Ohio please reach out, we want to talk with you.

Jonathan Wigan

REllis Group At Key Realty

614-929-2032

[email protected]

www.rellisgroup.com

The REllis Group At Key Realty in conjunction with Best Homes Real Estate is proud to present 16-24 Buttles Avenue, a 12 unit apartment building located in the historic Victorian Village, less than 30 Steps from the Short North Arts District / High Street. This building features 7 studio units, 4 one bedroom units, and 1 three bedroom unit. Current occupancy is 83%. Rents on studios / one bedrooms range from $625 to $1175, depending on layout and square footage. Three bedroom unit rents for $1725 per month. 10 out of the 12 units have been upgraded and feature bamboo hardwood floors, granite countertops, new lighting, new cabinets, new bathroom fixtures, and new appliances. All of the units are flats. Basement features 5 storage lockers, one is currently leased at $70 per month. 6 apartments on ground level, 5 apartments on second floor, 1 apartment on 3rd floor. 2 entrances. One entrance gives access to 8 units and the other gives access to 4 units. Units 22B (studio upstairs) and 18C (studio downstairs) were photographed. 8/12 tenants are billed $25 per month for water. Tenants pay electric and gas utilities. Potential redevelopment site.

Video Walkthrough Tour:

Loopnet Listing:

http://www.loopnet.com/Listing/16-24-Buttles-Ave-C...

Jonathan Wigan

REllis Group At Key Realty

614-929-2032

[email protected]

www.rellisgroup.com

Our real estate team has several opportunities available for commercial office buildings here in Columbus Ohio. Medical Office, long term tenants, etc.

We are looking to connect with office REITs, office building partnerships, and office groups looking to purchase non owner occupied office space in a top 20 metropolitan city (Columbus / Central Ohio). Please contact us if these types of opportunities interest you.

Jonathan Wigan

REllis Group At Key Realty

614-929-2032

[email protected]

www.rellisgroup.com

Our real estate team, The REllis Group at Key Realty, is based out of Columbus, Ohio and is here to help you with your commercial real estate needs related to your office needs - buy, sell, invest, or occupy.

Here’s how we can help!

• Find office space for sale
• Find recent office sales comparables
• Keep you updated on commercial office real estate news in our market
• Find office space for lease
• Connect you with office design consultants ie. Architects, contractors, inspectors, etc.
• Value your current office building that you own
• Help you weigh leasing vs. owning opportunities
• Determine whether flex office space is right for you

Do you ever ask yourself these questions?

Where do I find fully furnished & serviced offices with receptionist & meeting rooms?

I’m considering building my own office building, what are the next steps?

Can I invest in office instead of other asset classes?

Where can I find office space with tenant improvement (TI) Allocation by the owner?

How do I negotiate a lease?

Are you an owner occupier or buy-to-let landlord of a self-contained office building within a courtyard style office scheme or business park environment?

Has your business grown or downsized – or simply your requirements for office space changed?

Are you wondering if moving office or selling your building in the current economic climate is a good option?

How can I sell my building without having to move out?

What if I don’t want to pay taxes on the equity when I sell my building?

How can I pull cash out of my building if I need it for my business?

What if I am growing or shrinking and don’t know how much space I will need?

Can I use an SBA loan to buy an office building and what are the requirements?

When is the best time to buy or sell an office building?

How do I know I am working with a qualified commercial real estate agent?

At The REllis Group at Key Realty we have in-depth knowledge and an innovative approach to the Columbus office real estate market. We are committed to marketing your office space in way that allow us to generate more live enquiries than any other independent commercial property specialist in the region.

If you have questions about leasing, owning, managing, selling, or investing in commercial office space in Columbus / Central Ohio please reach out, we want to talk with you. 

Our Commercial Real Estate Team, located in Columbus Ohio, services the greater Franklin County and Delaware County markets. 50 mile radius around Columbus OH.

Asset Classes Served:

Industrial - Bulk Warehouse

Industrial - Flex/R&D

Industrial - Incubator

Industrial - Light Industrial

Industrial - Manufacturing

Industrial - Warehouse -- Distribution

Land - Industrial -- Manufacturing

Land - Industrial -- Warehouse/Distribution

Land - Mixed Use

Land - Office -- General Purpose

Land - Office -- Medical

Land - Pad Site

Land - Raw Land

Land - Recreational Land

Land - Residential -- Multi Unit Housing

Land - Residential -- Single Family

Land - Retail -- Freestanding

Land - Retail -- General Purpose

Land - Retail -- Restaurant

Land - Retail -- Shopping Center

Multi Family / MUH - Apartment -- Garden

MUH - Apartment -- Mid/Hi Rise

MUH - Fourplex

MUH - Single Family Portfolio

MUH - Triplex

Office - Creative/Loft

Office - General Purpose

Office - Medical

Office - Other

Retail - Anchored Strip Center

Retail - Automotive

Retail - Community Center

Retail - Convenience/Strip Center

Retail - Freestanding -- Bank

Retail - Freestanding -- Big Box

Retail - Mixed Use

Retail - Neighborhood Center

Retail - Power Center

Retail - Restaurant - Fast Food

Retail - Restaurant - Full Service

Retail - Super Regional Center

Special Use - Assisted Living Facility

Special Use - Bowling Alley

Special Use - Car Wash

Special Use - Church

Special Use - Day Care

Special Use - Fraternal/Union Hall

Special Use - Hotel and/or Motel

Special Use - Mobile Home Park

Special Use - Nursing Home/Convalescent Hospital

Special Use - Resort

Special Use - School

Special Use - Self-Storage - Self Storage

Special Use - Veterinary Clinic

If you are looking for investment opportunities, owner occupied commercial real estate, or just have general questions in a top 20 metropolitan city please reach out to our real estate team.

Jonathan Wigan

REllis Group At Key Realty

614-929-2032

[email protected]

Are you looking for Industrial space for your business or for investment? Our commercial real estate team is based out of Central Ohio and can help you locate industrial opportunities within Central Ohio / The Greater Columbus Ohio Real Estate market.

There are several particular types of industrial real estate financing deals we'd love to help you get funded include:

• Warehouse buildings
• Distribution centers
• Heavy industrial buildings
• Light manufacturing buildings
• Data center & telecom buildings
• Flex industrial space
• R&D buildings
• Many more!

If you’re considering an Industrial Property Acquisition, you should consider the Columbus, Ohio market.

If you have any questions or would like to learn more about Columbus Industrial properties, feel free to contact our real estate team on bigger pockets or check out our website at REllisGroup.com

Thanks for reading!

Jonathan Wigan

REllis Group At Key Realty

614-929-2032

[email protected]

www.rellisgroup.com

 Did you get it to work? Send us a PM and we can get you the info to your email. We fixed the link. 

If you’re looking to invest in the short term rental market through Airbnb look no further than Columbus, OH.

Our real estate team, The REllis Group at Key Realty, is based out of Columbus, Ohio and we are dedicated to providing you with detailed insight and tips that can help you find the right strategy for Airbnb investment properties in Columbus / Central Ohio.

Unlike other cities, Columbus, OH is considered a silent city, which means there are no city specific laws governing Airbnb rentals. Less red tape, means more money in your pocket. The numbers below outline just how profitable the short term rental market can be in Columbus.*

• CoC Return: 8.2%
• Cap Rate: 13.4%
• Rental Income: $2,160
• Occupancy Rate: 49.0%
• Median Property Price: $248,300

Case example of a past client:

Our team sold a 3 bedroom condo in a popular area of Columbus, Ohio known as Italian Village located in the 43201 zip code. Similar units in the area historically rent for $1500-1800 per month. Our clients are booking at $225 per night and averaging significantly more than the long-term rental rate. This location is close to the convention center and within walking distance of the short north arts district, both popular places for bars, restaurants and shops. The location also serves as a great place to stay for guests looking to be near the Ohio State University.

While ever zip code and property is different, it’s important to have exit strategies. Our team can compare the trade-off between long term rentals and Airbnb. Because the hospitality industry tends to be cyclical, you want to make sure your monthly rental income, at a minimum can, cover your debt service, taxes, insurance etc. We understand this because our owner currently has several Airbnb investment properties in Columbus near the downtown areas.

If you have questions about buying, selling, or investing in the short-term rental market in Columbus / Central Ohio please reach out, we want to talk with you!

Jonathan Wigan

REllis Group At Key Realty

614-929-2032

[email protected]

www.rellisgroup.com

*Sources:

https://www.mashvisor.com/blog/best-cities-airbnb-...

https://www.airdna.co/market-data/app/us/ohio/colu...

At The REllis Group at Key Realty we are dedicated to providing you with detailed insight and tips that can help you find the right time, place and strategy for a buying a hotel or motel. We will work with you to asses the best value of your real estate options and walk with you through ever step of the hotel / motel buying process.

If you have questions about buying, selling, or investing in hospitality real estate in Columbus / Central Ohio please reach out, we want to talk with you!

Jonathan Wigan

REllis Group At Key Realty

614-929-2032

[email protected]

www.rellisgroup.com