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    Columbus Office Building For Lease Title is generated by Realmo AI

    2500 Farmers Dr, Columbus, OH 43235

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    Five-story office building with 141,072 square feet available for lease.

    Type:Office
    Property size:
    141,072 SF
    Added:
    Nov 3, 2021
    Days on Market:
    1649
    Last Refresh:
    Mar 17 at 1:15 pm

    Property Features for 2500 Farmers Dr

    General Information

    Standard status
    Active
    Size
    141,072 SF
    Property subtype
    Office

    Building Details

    Year Built
    1983

    Spaces For Lease

    at 2500 Farmers Dr Contact us

    Suite 301 $18 /Mo

    Size
    15,544 SF
    Type
    Office
    Efficient suite with open space, private offices, and conference rooms; furniture...
    show more
    Contact us

    Suite 200B $18 /Mo

    Size
    5,380 SF
    Type
    Office
    Open area with flexible floor plan; furniture available
    Contact us

    Suite 225 $18 /Mo

    Size
    1,285 SF
    Type
    Office
    Plenty of office spaces and meeting rooms; can combine with Suite 201 for 6,419 SF
    Contact us

    Suite LL2 $18 /Mo

    Size
    1,414 SF
    Type
    Office
    Storage spacenParking The building has 715 surface lot spaces; with a parking ratio...
    show more
    Contact us

    Suite LL6 $18 /Mo

    Size
    1,922 SF
    Type
    Office
    Current conference room, open to build-out
    Contact us

    Suite LL4 $18 /Mo

    Size
    4,557 SF
    Type
    Office
    Current large training/conference room that can be converted to traditional office...
    show more
    Contact us

    Suite 100 (Entire Building ) $18 /Mo

    Size
    23,772 SF
    Type
    Office
    Freeway signage available, full floor, divisible
    Contact us

    Suite 201 $18 /Mo

    Size
    5,134 SF
    Type
    Office
    Mix of open space and hard wall offices; furniture available; can combine with Suite...
    show more
    Contact us

    Suite 100 (Divisible1) $18 /Mo

    Size
    9,837 SF
    Type
    Office
    Contact us

    Suite 100( Divisible 2) $18 /Mo

    Size
    13,935 SF
    Type
    Office
    20 Offices
    Contact us

    Suite 201 & 225 $18 /Mo

    Size
    6,419 SF
    Type
    Office
    Contact us
    Show more

    We can help!

    Listing Contact
    Andrew Jameson

    Listing agent Andrew Jameson License #OH 415955

    Listing office Colliers - Columbus, Ohio

    Listing date Nov 3, 2021

    Source Crexi

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

    All listing content including descriptions, pricing, images are the copyrighted material of Colliers - Columbus, Ohio

    HighLights

    • 141,072 square feet of office space
    • Convenient location off Sawmill Road/I‑270 interchange
    • Proximity to Dublin (3 miles)
    • Five‑story building
    • Located 14 miles to Easton
    • Located 18 miles to John Glenn International Airport

    Overview

    This five-story office building, constructed in 1983, offers 141,072 square feet of office space. The property is situated off the Sawmill Road/I-270 interchange, providing convenient access to various locations. It is located 14 miles from Easton, 18 miles from John Glenn International Airport, and 3 miles from Dublin. The building is also 16 miles from Broad Street and High Street.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Charleys Kids® Charitable Organization ChargePoint Charging Station Electric Vehicle Charging Station MedComm Billing Consultants, ... Medical Billing Service LINK Real Estate ... Property Management Company Farmers Insurance - Michael ... Insurance Agency

    Suggested Use

    Real Estate Agency Law Firm Restaurant Dental Office Spa & Massage Center Hair Salon Nail Salon Building Supply Gym & Fitness Center Auto Repair Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    Columbus
    County
    Delaware
    State
    Ohio
    Longitude
    -83.0822425
    Latitude
    40.1083386

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      Renovated Office Suite Near Bexley

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    FAQs

    What type of property is this?
    Office building - Five-story office building with 141,072 square feet available for lease.
    Where is this office building located?
    The property is located at 2500 Farmers Dr Columbus, OH.
    What are key features of this property?
    This property features: 141,072 square feet of office space; Convenient location off Sawmill Road/I‑270 interchange; Proximity to Dublin (3 miles)
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Andrew Jameson
    Real Estate License ID: OH 415955
    Learn More
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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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