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    Property profile & analytics

    333 Outerbelt St Columbus, OH 43213-1529

    • Manufacturing properties
    • 7,676 SF
    • 1.01 lot acres
    OFF-MARKET
    Last Sale
    Feb 19, 2025
    Value Estimations
    $300,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US66-6242822
    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

    • Graffiti Foods, Ltd. / Food Manufacturer

    Property Details for 333 Outerbelt St

    Year built
    1991
    Lot size
    1.01 lot acres
    Property size
    7,676 SF
    Property type
    Manufacturing properties
    APN
    520-219116
    APU
    520219116

    Description

    This exceptional 1991-built industrial property, located in Franklin County, offers a rare opportunity to acquire a single-tenant manufacturing facility with significant upgrades. The building underwent a complete renovation in 2018, ensuring modern functionality and efficiency. Its primary use is as a cold storage and food-grade warehouse, making it ideal for businesses in the food processing, distribution, or related industries. The single-tenant occupancy provides stability and predictable income streams. The property's strategic location within Franklin County offers excellent access to major transportation routes, facilitating seamless logistics and distribution. The building's design incorporates features specifically suited for cold storage operations, including advanced climate control systems and specialized infrastructure to maintain optimal temperature and humidity levels for sensitive products. This turnkey solution presents a compelling investment opportunity for businesses seeking a high-quality, well-maintained facility in a desirable location. The property's 2018 renovation ensures that it meets current industry standards and regulations for food-grade storage and manufacturing. Its single-tenant status minimizes management complexities and provides a stable foundation for long-term growth. The property's size and layout are well-suited for a variety of manufacturing and storage applications, offering flexibility for future expansion or adaptation to evolving business needs. Interested parties are encouraged to explore this exceptional opportunity to acquire a prime industrial asset in a thriving market.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $295,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $505,000
      6.5%
      $465,000
      7%
      $435,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $279,000
      Market price range: $128k - $457k

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

    Location Insight

    • Map
    • Local Demand
    City
    Columbus
    County
    Franklin
    State
    Ohio
    Longitude
    -82.8312
    Latitude
    39.9881
    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
    $11,460
    $42,000
    $118,900
    $160,900
    -
    $120,000
    $339,700
    $459,700

    Comparable in this City

    • Value Estimation
      $1,190,000
      9,000 SF

      180 Outerbelt St

      MANUFACTURING (LIGHT) • 9,000 SF
      180 Outerbelt St, Columbus, OH 43213-1527
      View Details
    • Value Estimation
      $795,000
      7,000 SF

      311 Outerbelt St

      MANUFACTURING (LIGHT) • 7,000 SF
      311 Outerbelt St, Columbus, OH 43213-1529
      View Details
    • Value Estimation
      $650,000
      18,764 SF

      432 Mccormick Blvd

      FOUNDRY, INDUSTRIAL PLANT • 18,764 SF
      432 Mccormick Blvd, Columbus, OH 43213-1525
      View Details
    • Value Estimation
      $835,000
      167,158 SF

      555 Yearling Rd

      MANUFACTURING (LIGHT) • 167,158 SF
      555 Yearling Rd, Columbus, OH 43213-1395
      View Details
    • Value Estimation by Request
      259,800 SF

      4712 Poth Rd

      Distribution properties • 259,800 SF
      4712 Poth Rd, Whitehall, OH 43213
      View Details
    • Value Estimation
      $900,000
      247,280 SF

      350 Mccormick Blvd

      MANUFACTURING (LIGHT) • 247,280 SF
      350 Mccormick Blvd, Columbus, OH 43213-1550
      View Details

    Similar Nearby for Sale

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      7,400 SF

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      Warehouse with office space, fenced lot, and ample parking.
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    Similar Nearby for Lease

    • $2,250 /Mo
      2,400 SF

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      Multi-tenant industrial building with flexible suites for lease.
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      View Details
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      View Details
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      View Details
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      Hamilton Road Industrial Flex Space

      Columbus, Ohio flex warehouse space available.
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    • Contact for pricing
      18,255 SF

      Modern Class A Industrial Space

      Class A industrial space available for sublease in Columbus, OH.
      392-488 Outerbelt St, Columbus, OH 43213
      View Details
    • Contact for pricing
      25,000 SF

      25,000 SF Flex Warehouse

      25,000 SF Class A flex space available for lease.
      310 Yearling Rd, Columbus, OH 43213
      View Details
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    Columbus, OH 43213-1529
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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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