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    Keller Williams Classic Properties Realty

    1510 W. Lane Ave., Columbus, OH 43221
    (614) 324-2003
    Size: 10+ agents

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    Property Types

    • Land
    • Commercial Lease
    • Residential Multi Family

    Listings

    For Sale (12)

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    Pataskala Land for Development
    $2,850,000
    19.89 Acres

    Pataskala Land for Development

    Nearly 20-acre parcel with road frontage on SR310.

    7874 Hazelton Etna Rd SW, Pataskala, OH 43062
    View details
    Columbus Duplex Near Schiller Park
    $687,400
    0.10 Acres

    Columbus Duplex Near Schiller Park

    Updated duplex near Thurman Cafe and Schiller Park.

    154-156 E Gates St, Columbus, OH 43206
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    Multi-Family Near Glen Echo Park
    $349,900
    0.11 Acres

    Multi-Family Near Glen Echo Park

    Multi-family home near Glen Echo Park with income potential.

    2521 Glenmawr Ave, Columbus, OH 43202
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    Updated Duplex with Expansion Potential
    $559,000
    0.09 Acres

    Updated Duplex with Expansion Potential

    Updated Columbus duplex with fenced yard, parking, and expansion potential.

    W 5Th Ave, Columbus, OH 43201
    View details
    Retail Building with Event Spaces
    $670,000
    4,400 SF

    Retail Building with Event Spaces

    Freestanding retail building with bar, event spaces, and kitchen.

    1400 Stratford Rd, Delaware, OH 43015
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    Ada Industrial Property: Prime Location
    $2,200,000
    21,606 SF

    Ada Industrial Property: Prime Location

    Spacious warehouse, ideal for manufacturing.

    604 Montford Ave, Ada, OH 45810
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    Light Manufacturing Warehouse with Expansion
    $2,200,000

    Light Manufacturing Warehouse with Expansion

    21,606 SF light manufacturing/warehouse on 3.9 acres for sale.

    604 E Montford Ave, Ada, OH 45810
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    Retail Building with Event Spaces
    $680,000
    4,400 SF

    Retail Building with Event Spaces

    Freestanding retail building with event spaces and bar areas.

    1400 Stratford Rd, Delaware, OH 43015
    View details
    Free Standing Whitehall Office Building
    $249,900

    Free Standing Whitehall Office Building

    Free standing office building in Whitehall Yearling Road Corridor.

    746 South Yearling Rd, Columbus, OH 43213
    View details
    Mount Vernon Mixed-Use Loft Conversion
    $650,000

    Mount Vernon Mixed-Use Loft Conversion

    Unique live-work property with income potential in Mount Vernon, Ohio.

    409 West Gambier St, Mount Vernon, OH 43050
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    East Cleveland Apartment Building
    $2,950,000

    East Cleveland Apartment Building

    41-unit apartment building with recent improvements and income potential.

    15000 Euclid Ave, East Cleveland, OH 44112
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    Freestanding Retail Building with Event Spaces
    $680,000

    Freestanding Retail Building with Event Spaces

    Retail building with bar, event spaces, and kitchen for sale.

    1400 Stratford Rd, Delaware, OH 43015
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    For Lease (5)

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    Retail Space in Mount Vernon
    $27 SF/Yr
    6,000 SF

    Retail Space in Mount Vernon

    High-traffic retail space available for rent in Mount Vernon, OH.

    Cassell Rd, Mount Vernon, OH 43050
    View details
    Freestanding Office Building in Whitehall
    $249,900
    1,256 SF

    Freestanding Office Building in Whitehall

    Freestanding office building in Whitehall with redevelopment potential.

    746 S Yearling Rd, Columbus, OH 43213
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    Columbus Commercial Building For Lease
    $7 SF/Yr
    7,422 SF

    Columbus Commercial Building For Lease

    Free-standing commercial building for lease at $6.50/sqft NNN As Is.

    1082 W Mound St, Columbus, OH 43223
    View details
    Yearling Road Office Space For Lease
    $9 SF/Yr
    1,256 SF

    Yearling Road Office Space For Lease

    Whitehall Office: 1256 sq ft, $1000/month NNN

    746 Yearling Rd, Columbus, OH 43213
    View details
    Freestanding Building in Redevelopment Location
    Contact for pricing

    Freestanding Building in Redevelopment Location

    Freestanding building with ample parking and easy highway access.

    1082 West Mound St, Columbus, OH 43223
    View details

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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Keller Williams Classic Properties Realty
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