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    Property profile & analytics

    2194 Hilliard Rome Rd Hilliard, OH 43026-9629

    • Medical offices
    • 6,303 SF
    • 1.34 lot acres
    OFF-MARKET
    Value Estimations
    $445,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US66-2272460
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Healthy Pets of Rome Hilliard / Veterinarian / Animal Hospital
    • Huff June DVM / Veterinarian
    • Keith Dawn DVM / Veterinarian

    Property Details for 2194 Hilliard Rome Rd

    Year built
    1993
    Construction
    WOOD
    Lot size
    1.34 lot acres
    Property size
    6,303 SF
    Property type
    Medical offices
    Property subtype
    Medical centers
    APN
    560-222600
    APU
    560222600

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $435,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $589,000
      Market price range: $320k - $685k

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Hilliard
    County
    Franklin
    State
    Ohio
    Longitude
    -83.1518
    Latitude
    39.9953
    CBSA code
    18140
    CBSA name
    COLUMBUS, OH METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $32,259
    $274,960
    $170,170
    $445,130
    -
    $785,600
    $486,200
    $1,271,800

    Comparable in this City

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      $295,000
      1,843 SF

      3825 Trueman Ct

      MEDICAL BUILDING • 1,843 SF
      3825 Trueman Ct, Hilliard, OH 43026-2496
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    • Value Estimation
      $310,000
      4,418 SF

      5132 Norwich St

      MEDICAL BUILDING • 4,418 SF
      5132 Norwich St, Hilliard, OH 43026-1442
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    • Value Estimation
      $380,000
      6,324 SF

      6044 Parkmeadow Ln

      MEDICAL BUILDING • 6,324 SF
      6044 Parkmeadow Ln, Hilliard, OH 43026-7406
      View Details
    • Value Estimation by Request
      37,600 SF

      4363 All Seasons Dr

      MEDICAL BUILDING • 37,600 SF
      4363 All Seasons Dr, Hilliard, OH 43026-2050
      View Details
    • Value Estimation by Request
      50,000 SF

      4343 All Seasons Dr

      MEDICAL BUILDING • 50,000 SF
      4343 All Seasons Dr, Hilliard, OH 43026-1961
      View Details
    • Value Estimation
      $1,080,000
      5,676 SF

      3325 Hilliard Rome Rd

      MEDICAL BUILDING • 5,676 SF
      3325 Hilliard Rome Rd, Hilliard, OH 43026-8363
      View Details

    Similar Nearby for Sale

    • $675,000
      5,000 SF

      Hilliard Office Space: Prime Location

      Class A Office Space, Flexible Layout, High Traffic Area
      2876 Hilliard Rome Rd, Hilliard, OH 43026
      View Details
    • $750,000
      3.00 Acres

      Hilliard Land: 3+ Acres, $750K

      Prime Hilliard location, I-270 access.
      0 Anson Dr, Hilliard, OH 43026
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    • $1,152,500
      4.61 Acres

      Hilliard Office Land Investment

      Prime 4.61-acre office site in Hilliard, OH
      4253 Davidson Rd, Hilliard, OH 43026
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    • Contact for pricing
      30,876 SF

      Hilliard Industrial Flex Space

      30,876 SF Multi-Tenant Industrial Property
      4700 Northwest Pkwy, Hilliard, OH 43026
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    • $6,503,800
      32,518 SF

      Hilliard Office Building For Sale

      Office building with 32,518 square feet of space.
      4640 Trueman Blvd, Hilliard, OH 43026
      View Details
    • $2,187,500
      12.50 Acres

      Prime Hilliard Land - 12.5 Acres

      Exceptional Hilliard location, I-270 access.
      4442 Leap Rd, Hilliard, OH 43026
      View Details

    Similar Nearby for Lease

    • $13 SF/Yr
      12,968 SF

      Hilliard Medical Office Building

      1-Story, 12,968 SF, Multiple Tenancies
      3913-3931 Berry Leaf Ln, Hilliard, OH 43026
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    • $34 SF/Yr
      25,973 SF

      Hilliard Executive Office Space

      Brand new, modern office suites available.
      5155 Raglan St, Hilliard, OH 43026
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    • Contact for pricing
      7,744 SF

      Hilliard Office Space Available

      Office space available for rent in Hilliard, Ohio.
      4525 Trueman Blvd, Hilliard, OH 43026
      View Details
    • Contact for pricing
      800 SF

      Office and Trailer Parking Available

      Office space with ample trailer and car parking for rent.
      3700-3720 Lacon Rd, Hilliard, OH 43026
      View Details
    • $3,100,000
      11,030 SF

      Hilliard Office/Warehouse Multi-Tenant Property

      Multi-tenant office/warehouse with dock and drive-in access in Hilliard.
      4700 Northwest Pkwy, Hilliard, OH 43026
      View Details
    • $12 SF/Yr
      4,967 SF

      Hilliard Office Space For Rent

      Office space available in Hilliard, Ohio with ample parking.
      5500-5514 Nike Dr, Hilliard, OH 43026
      View Details
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    Hilliard, OH 43026-9629
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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
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