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    530 Lakeview Plz Blvd Worthington, OH 43085-4710

    • Warehouses
    • 68,448 SF
    • 6.13 lot acres
    OFF-MARKET
    Value Estimations
    $755,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US66-2468848
    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

    • Siemens / Engineering Consultant / Engineer
    • Siemens Infrastructure/Cities / General Contractor
    • The Trigger Group / Painting
    • Blue Technologies / Office Equipment Supplier
    • Commercial Painting Inc / Painting

    Property Details for 530 Lakeview Plz Blvd

    Year built
    1986
    Lot size
    6.13 lot acres
    Property size
    68,448 SF
    Property type
    Warehouses
    Property subtype
    Self storage facilities
    APN
    100-005937
    APU
    100005937

    Description

    This Worthington, Ohio industrial warehouse offers 68,500 square feet of flexible space, perfect for a variety of businesses. The single-story building, constructed in 1986 and renovated in 1990, features 18-foot clear ceiling heights, providing ample vertical storage capacity. The property boasts six loading docks and six dock-high doors, along with three drive-in doors, ensuring efficient loading and unloading operations. Multiple suites are available, ranging from a minimum of 4,000 square feet to a maximum contiguous space of 25,000 square feet, accommodating businesses of various sizes. Currently, 37,000 square feet is available for lease. The building is equipped with a three-phase 220/480-volt power system and a comprehensive sprinkler system. Located at 530 Lakeview Plaza Blvd, Worthington, OH 43085, this property benefits from ample, well-lighted parking and excellent visibility due to monument signage. Its strategic location provides convenient access to major transportation arteries, including I-270, I-71, and State Route 23, facilitating seamless logistics and distribution. This is a rare opportunity to secure high-quality warehouse space in a thriving Worthington location within the Lakeview Tech Center.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $755,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Worthington
    County
    Franklin
    State
    Ohio
    Longitude
    -83.0026
    Latitude
    40.1142
    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
    $140,234
    $303,630
    $1,210,580
    $1,514,210
    -
    $867,500
    $3,458,800
    $4,326,300

    Comparable in this City

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    • Value Estimation
      $305,000
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      6471-6473 Proprietors Rd

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    • Value Estimation
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      6491 Proprietors Rd, Unit 6497

      MINI-WAREHOUSE, STORAGE • 10,827 SF
      6491 Proprietors Rd, Worthington, OH 43085-3232
      View Details
    • Value Estimation
      $580,000
      20,551 SF

      733 Lakeview Plz Blvd

      MINI-WAREHOUSE, STORAGE • 20,551 SF
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      View Details
    • Value Estimation
      $850,000
      86,128 SF

      535 Lakeview Plz Blvd

      MINI-WAREHOUSE, STORAGE • 86,128 SF
      535 Lakeview Plz Blvd, Worthington, OH 43085-6728
      View Details
    • Value Estimation
      $470,000
      7,000 SF

      7545 Alta Vw Blvd

      MINI-WAREHOUSE, STORAGE • 7,000 SF
      7545 Alta Vw Blvd, Worthington, OH 43085-5890
      View Details

    Similar Nearby for Sale

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    Similar Nearby for Lease

    • $9 SF/Yr
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      Columbus Warehouse with Versatile Loading

      Well-maintained warehouse near I-270 and I-71 with multiple loading options.
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      10,000 SF warehouse with office space for rent.
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    • $10 SF/Yr
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      Lakeview Tech Center Office/Warehouse Space

      Office and warehouse space with highway visibility and convenient access.
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      View Details
    • $8 SF/Yr
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      Columbus Warehouse with Office Space

      17,500 SF warehouse with office space available for lease.
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    • Contact for pricing
      6,150 SF

      Industrial Warehouse with Drive-In Doors

      6,150 SF warehouse featuring drive-in doors and ample parking.
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    • $12 SF/Yr
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      Columbus Flex/Industrial Space Available

      16,000 SF flex/industrial space for lease in Columbus, OH.
      655 Dearborn Park Ln, Columbus, OH 43085
      View Details
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    Worthington, OH 43085-4710
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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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