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    Property profile & analytics

    4632 Main St Whitehall, OH 43213

    • Retail properties & Spaces
    • 108,256 SF
    For Lease
    View listing
    $10 SF/Yr
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Isalis / (Bike/Boat/Book/etc) Store
    • Party City / Party Supply Store / (Bike/Boat/Book/etc) Store
    • Skunk Funk / Big Box & Wholesale Store
    • Carl's Trading Co / Hat Shop
    • Bushka's Kitchen LLC / (Bike/Boat/Book/etc) Store

    Property Details for 4632 Main St

    Year built
    1959
    Property size
    108,256 SF
    Property type
    Retail properties & Spaces
    Property subtype
    Office properties & Spaces

    Description

    Rose's Center, located at 4632 E Main St, Columbus, OH 43213, presents a unique investment opportunity in the thriving Whitehall submarket of Franklin County. This single-story, 108,256 square foot building, constructed in 1959 and renovated in 1994, sits on a spacious 14.3-acre lot. The property boasts abundant parking and is strategically positioned at the intersection of E Main Street and S Hamilton Road, offering excellent visibility and accessibility via traffic signals on both streets. The zoning is General Commerce District (GCD), allowing for a variety of uses. The building is currently configured for multiple tenants, with a minimum divisible space of 10,431 square feet and a maximum contiguous space of 10,431 square feet. This versatile property is ideal for a range of businesses, including medical offices, traditional offices, coworking spaces, and creative offices, reflecting its diverse subtype designations. The property's APN numbers are 090-001553, 090-001609, and 090-001608. Its convenient location and ample space make Rose's Center an attractive option for businesses seeking a prominent presence in the East Columbus market. This neighborhood center offers a compelling blend of functionality and location, making it a strong contender for various commercial enterprises.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Whitehall
    County
    Franklin
    State
    Ohio
    Longitude
    -82.8745
    Latitude
    39.9575

    Comparable in this City

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      6096-6100 Main St

      Medical Office Space • 42,785 SF
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      5965 Broad St

      Medical Office Space • 75,019 SF
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      20,630 SF

      5969 Broad St

      Medical Office Space • 20,630 SF
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      3258 Main St

      Retail properties & Spaces
      3258 Main St, Columbus, OH 43213
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    • Value Estimation
      $780,000
      5,079 SF

      5175 Main St

      MEDICAL BUILDING • 5,079 SF
      5175 Main St, Columbus, OH 43213-2425
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    Similar Nearby for Sale

    • Contact for pricing

      Freestanding Building on Corner Lot

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      108,256 SF

      Freestanding Building at Rose's Center

      Located at a busy, heavily-trafficked intersection, ideal for retail.
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      Columbus Office Space For Rent

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      Office Space with 3-Car Garage

      Office space with high visibility and a rare 3-car garage.
      295 S Hamilton Rd, Columbus, OH 43213
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      Columbus Medical Office Building For Sale

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    Similar Nearby for Lease

    • $10 SF/Yr
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      Rose's Center: Whitehall Office Space

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      Columbus Medical Office Space

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      Prime Columbus Office Space

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      Freestanding Building on Main Street

      10,431 SF building ideal for retail or office use.
      4634-4638 E Main St, Columbus, OH 43213
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    • $3,100 /Mo
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      Medical Office Space Available

      Well-known medical complex with easy access to I-270.
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    4632 Main St
    Whitehall, OH 43213
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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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