Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    270 S Grant Ave Columbus, OH 43215

    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    1,652 SF building with 15 parking spaces downtown.

    Property size:
    1,652 SF
    Lot size:
    0.19 Acres

    Property Features for 270 S Grant Ave

    General Information

    Size
    1,652 SF
    Lot size
    0.19 Acres

    We can help!

    Listing Contact
    Noah Dewhirst
    Noah Dewhirst
    Source: Moodyscre

    Listing Agency: Passov Real Estate Group Listing Agent: Noah Dewhirst

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Pharmacy Building Near Franklin University

    This is a 1,652 square-foot, second-generation pharmacy building situated on a 0.20-acre lot. The property features 15 on-site parking spaces and is located directly across from Franklin University, offering excellent visibility in a downtown location. The property presents a great opportunity for an owner-user medical practice. It also has potential as a redevelopment project.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Manuel Family Practice ... Medical Clinic Doctors Pharmacy Downtown ... Pharmacy Living Hope Primary ... Medical Clinic A PHARMACEUTICAL SOLUTION Pharmacy Mr. Samuel Boateng Physician

    Suggested Use

    Restaurant Real Estate Agency Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Law Firm Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    Charitable Pharmacy of Central Ohio, CVS Pharmacy, Sebastian Sonya J, Nch Adolescent Medicine Clinic, Sarah Jones

    Location Insight

    • Map
    • Local Demand
    City
    Columbus
    County
    Delaware
    State
    Ohio
    Longitude
    -82.9898552
    Latitude
    39.9577973

    Nearby Similar for Sale

    • Contact for pricing
      0.90 Acres

      Columbus Office Space for Sale

      Office space in remodeled building with exterior entrance.
      50 Old Village Rd, Columbus, OH 43228
      View Details
    • $359,900
      0.24 Acres

      Columbus Duplex Near Easton, Westerville

      Spacious duplex with modern updates near shopping, dining, and entertainment.
      3292 Betty Ct, Columbus, OH 43231
      View Details
    • New
      $499,900
      0.13 Acres

      Re-Imagined Columbus Quadplex Investment

      Turnkey four-unit residence with modern structural integrity and high rental income.
      2023 Sullivant Ave, Columbus, OH 43223
      View Details
    • $389,900
      0.10 Acres

      Renovated Duplex Near Short North

      Fully renovated duplex in prime Columbus location with rental potential.
      1440-1442 Hamlet St, Columbus, OH 43201
      View Details
    • $335,000
      0.10 Acres

      Turnkey Triplex in Columbus, OH

      Fully updated triplex with three units, vacant at possession.
      173 Brehl Ave, Columbus, OH 43222
      View Details
    • New
      $415,000
      0.21 Acres

      Turnkey Duplex in Prime Location

      Fully renovated, income-producing duplex with long-term tenants in Columbus.
      2154-2156 Jewett Dr, Columbus, OH 43229
      View Details
    • New
      $284,900
      2,388 SF

      Turn-Key Multi-Unit Investment Property

      Renovated, furnished multi-unit property near OSU and fairgrounds.
      661 E 11Th Ave, Columbus, OH 43211
      View Details
    • $435,000
      Pending

      Income Generating Multi-Unit Investment

      Multi-unit investment property near Capital University with stable rental income.
      866-868 Sheridan Ave, Columbus, OH 43209
      View Details
    • New
      $410,000
      0.12 Acres

      Updated Duplex in Merion Village

      Well-maintained duplex with updated kitchens and bathrooms in Columbus.
      284-286 E Markison Ave, Columbus, OH 43207
      View Details
    • New
      $348,000
      0.12 Acres

      Updated Duplex Near Downtown Columbus

      Well-maintained duplex with income potential near downtown Columbus.
      1352-1354 S Champion Ave, Columbus, OH 43206
      View Details
    • New
      $419,900
      0.10 Acres

      Remodeled Duplex: Investor or Owner

      Completely remodeled duplex with updated kitchens and new systems.
      1165-1167 E Whittier St, Columbus, OH 43206
      View Details
    • New
      $750,000
      0.17 Acres

      Renovated Duplex with Income Potential

      Turnkey duplex with flexible living and investment opportunities.
      Columbus, OH 43205
      View Details

    FAQs

    What type of property is this?
    Drug store - 1,652 SF building with 15 parking spaces downtown.
    Where is this drug store located?
    The property is located at 270 S Grant Ave Columbus, OH.
    What are key features of this property?
    This property features: - Downtown location with excellent visibility; - Located directly across from Franklin University; - 15 parking spaces on site
    (419) 283-8951 Call to check price and availability
    Request Owner's contact information
    270 S Grant Ave Columbus, OH 43215
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    270 S Grant Ave
    Columbus, OH 43215
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    270 S Grant Ave Columbus, OH 43215
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Noah Dewhirst
    Noah Dewhirst
    Real Estate License ID: SAL2023005727
    (419) 283-8951 (216) 831-8100
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!