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    Columbus Commercial Land Opportunity Title is generated by Realmo AI

    954 East Hudson Street, Columbus, OH 43211

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    Claim this Listing
    For Sale
    $120,000

    Commercial land suitable for auto parts and retail business.

    Type:Land / Mixed Use
    Property size:
    8,276 SF
    Lot size:
    0.19 Acres
    Price / SF:
    $14/SF
    Added:
    Oct 26, 2025
    Days on Market:
    220
    Last Refresh:
    May 21 at 10:05 am

    Property Features for 954 East Hudson Street

    General Information

    Standard status
    Active
    Size
    8,276 SF
    Lot size
    0.19 Acres
    Property subtype
    Land / Mixed Use

    We can help!

    Listing Contact
    Ibrahim B Al-Hejazin

    Listing agent Ibrahim B Al-Hejazin License #2015005225

    Listing office Signature Real Estate

    Listing date Oct 26, 2025

    Source Compass

    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 Signature Real Estate

    HighLights

    • Great Location near schools
    • Recently renovated kitchen
    • Large backyard perfect for entertaining
    • Hardwood floors throughout the house
    • Stainless steel appliances included
    • Close to public transportation

    Overview

    This commercial land opportunity is located at 954 E Hudson Street in Columbus, Ohio, offering strong visibility and convenient access to major roadways. The versatile, multi-use commercial parcel is ideally suited for a variety of business developments, making it a great opportunity for investors, developers, and owner-users. The property allows for multiple commercial uses, including but not limited to a mechanic shop, auto parts, and various retail establishments. Its location supports high traffic exposure and serves a well-established and growing area, providing strong potential for customer accessibility and long-term value. The site presents an excellent opportunity to develop a single-tenant or multi-tenant commercial project, catering to automotive services, retail businesses, or other neighborhood-focused commercial uses. The property is well positioned for immediate or future development. The property size is 8276 square feet.
    Location Intelligence

    Current Use by Public Records

    CAC Bodyshop Autobody ... Auto Repair Shop blackstar auto service ... Auto Repair Shop

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Columbus
    County
    Delaware
    State
    Ohio
    Longitude
    -82.9847497
    Latitude
    40.0146712

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    FAQs

    What type of property is this?
    Commercial land - Commercial land suitable for auto parts and retail business.
    Where is this commercial land located?
    The property is located at 954 East Hudson Street Columbus, OH.
    What is the asking price?
    The asking price for this property is $120,000.
    What are key features of this property?
    This property features: Great Location near schools; Recently renovated kitchen; Large backyard perfect for entertaining
    (614) 774-9523
    We can help!
    Listing Contact
    Ibrahim B Al-Hejazin
    Real Estate License ID: 2015005225
    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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