Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    1860 Yellowstone St Lewis Center, OH 43035
    Back to Search
    Property profile & analytics

    1860 Yellowstone St, Lewis Center, OH 43035

    View on Map
    • Specialty properties
    • 880 SF
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Specialty properties

    Property Details for 1860 Yellowstone St

    Property type
    Specialty properties
    Property subtype
    Land

    Description

    This exceptional commercial property, located at 1860 Yellowstone St, Lewis Center, OH 43035, presents a unique investment opportunity. Situated on a 1.19-acre lot in the thriving Evans Farm development, this single-tenant building offers 880 square feet of versatile office/retail space. The property is classified as Class C and features a single story building with one suite. Its strategic location at the intersection of Yellowstone St and Roosevelt Dr benefits from high visibility and accessibility. The property is zoned PC - Planned Commercial & Office District, offering flexibility for a variety of commercial uses. The Delaware County location within the Lewis Center submarket provides access to a growing residential population. The Evans Farm development boasts 123 existing residential units and an additional 185 units currently in pre-leasing, ensuring a strong potential customer base. Furthermore, the nearby Jennings Sports Park, a 56-acre recreational facility, adds to the area's appeal and provides significant foot traffic opportunities. The property's APN is 318-213-01-002-004. This is an ideal location for businesses seeking exposure within a rapidly expanding community.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Lewis Center
    County
    Delaware
    State
    Ohio
    Longitude
    -83.0052
    Latitude
    40.2014

    Comparable in this City

    • Value Estimation by Request
      9,686 SF

      8025 Orange Ctr Dr

      VETERINARY, ANIMAL HOSPITAL
      8025 Orange Ctr Dr, Lewis Center, OH 43035-9428
      View Details
    • Value Estimation by Request
      1,548 SF

      7265 Kendal Ln

      PROFESSIONAL CLUBS/ASSOCIATIONS
      7265 Kendal Ln, Lewis Center, OH 43035-6140
      View Details
    • Value Estimation by Request
      13,974 SF

      8752-8754 Cotter St

      Flex space
      8752-8754 Cotter St, Lewis Center, OH 43035
      View Details
    • Value Estimation by Request
      1,553 SF

      9000 Oak Vlg Blvd

      PROFESSIONAL CLUBS/ASSOCIATIONS
      9000 Oak Vlg Blvd, Lewis Center, OH 43035-9486
      View Details
    • Value Estimation by Request
      2,944 SF

      3359 Sandbar Dr

      PROFESSIONAL CLUBS/ASSOCIATIONS
      3359 Sandbar Dr, Lewis Center, OH 43035
      View Details
    • Value Estimation by Request
      4,020 SF

      529 Preakness Way

      VETERINARY, ANIMAL HOSPITAL
      529 Preakness Way, Lewis Center, OH 43035-3571
      View Details

    Similar Nearby for Sale

    • $237,500

      Land For Sale

      Land available in Delaware County.
      3186 Briarwood Ln, Lewis Center, OH 43035
      View Details
    • Contact for pricing
      9,480 SF

      Daycare Facility For Sale

      Well-located daycare facility licensed for 94 children for sale.
      7810 Graphics Way, Lewis Center, OH 43035
      View Details
    • Contact for pricing
      5,167 SF

      New Retail Property For Sale

      New construction retail property with long-term lease and drive-thru.
      47 Meadow Park Ave, Lewis Center, OH 43035
      View Details
    • Contact for pricing

      Commercial Corner Lot on Columbus

      3.068 acre commercial corner lot, ideal for various businesses.
      6519 Columbus Pike, Lewis Center, OH 43035
      View Details
    • Contact for pricing

      Commercial Land Development Opportunity

      Commercial land in Delaware County available for development.
      6871 Columbus Pike S, Lewis Center, OH 43035
      View Details
    • Contact for pricing

      Prime Land Near I-71

      4.2-acre commercial land with high visibility near I-71.
      1900 Ikea Way, Columbus, OH 43035
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Land For Rent

      Land available for rent in Lewis Center, Ohio.
      3010 E Powell Rd, Lewis Center, OH 43035
      View Details
    • Contact for pricing

      Land For Rent

      Land available for rent in Lewis Center, Ohio.
      3780 E Powell Rd, Lewis Center, OH 43035
      View Details
    • Contact for pricing

      BJ's Anchored Pad Sites

      Leaseable pad sites near BJ's with high traffic volume.
      8425 Orange Center Dr, Lewis Center, OH 43035
      View Details
    • $14 SF/Yr
      41,818 SF

      Office Building Near Polaris Parkway

      Two-story office building with ample parking near Polaris Parkway.
      171 Green Meadows Dr South, Lewis Center, OH 43035
      View Details
    • Contact for pricing

      Warehouse, Office, and Flex Space

      Secure warehouse, office, and flex space for small businesses.
      7500 Green Meadows Dr, Lewis Center, OH 43035
      View Details
    • Contact for pricing
      2,233 SF

      Polaris Flex Space For Rent

      Flex space near I-71 and Route 23 available for rent.
      8752-8958 Cotter St, Lewis Center, OH 43035
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    1860 Yellowstone St
    Lewis Center, OH 43035
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    1860 Yellowstone St, Lewis Center, OH, 43035
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!