Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    145 Reynoldsburg - New Albany Rd Blacklick, OH 43004

    • Office Properties & Spaces
    • 8,690 SF
    • 1.19 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Office Properties & Spaces

    Property Details for 145 Reynoldsburg - New Albany Rd

    Lot size
    1.19 lot acres
    Property size
    8,690 SF
    Property type
    Office Properties & Spaces

    Description

    This two-story, 8,690-square-foot Class C office building in Blacklick, Ohio, offers a 2,281-square-foot suite for lease. Located at the southwest corner of Reynoldsburg-New Albany Road and Brice Road North, this property boasts excellent street visibility due to its position at a signalized intersection with pylon signage available. The building features a shared parking lot and offers easy access. The building is professionally managed and currently houses a well-established dental practice on the first floor. The zoning is COM Office, and the property sits on 1.19 acres of land in Franklin County (APN: 010-224094-00). The building has a 9-foot ceiling height and is comprised of three total suites. This highly visible location provides an ideal solution for a variety of office users seeking a space in the Columbus submarket's Blacklick/Reynoldsburg cluster (zip code 43004).

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Blacklick
    County
    Franklin
    State
    Ohio
    Longitude
    -82.8155
    Latitude
    39.9858

    Comparable in this City

    • Value Estimation by Request
      2,048 SF

      592 Mulberry St

      Office Properties & Spaces • 2,048 SF
      592 Mulberry St, Blacklick, OH 43004
      View Details
    • Value Estimation by Request
      200,000 SF

      Confidential

      Office Properties & Spaces • 200,000 SF
      0 Confidential, Blacklick, OH 43004
      View Details
    • Value Estimation
      $1,375,000
      7,514 SF

      7340 Broad St

      MEDICAL BUILDING • 7,514 SF
      7340 Broad St, Blacklick, OH 43004-9625
      View Details
    • Value Estimation
      $590,000
      11,443 SF

      1010 Jackson Hole Dr

      OFFICE BUILDING • 11,443 SF
      1010 Jackson Hole Dr, Blacklick, OH 43004-6050
      View Details
    • Value Estimation
      $375,000
      6,576 SF

      1582 Waggoner Rd

      MEDICAL BUILDING • 6,576 SF
      1582 Waggoner Rd, Blacklick, OH 43004-8669
      View Details
    • Value Estimation
      $275,000
      1,318 SF

      7372 Broad St

      OFFICE BUILDING • 1,318 SF
      7372 Broad St, Blacklick, OH 43004-8242
      View Details

    Similar Nearby for Sale

    • $499,000
      3,257 SF

      Jefferson Meadows Luxury Condo

      Spacious condo with luxurious features and convenient location.
      888 Poppy Hills Dr, Blacklick, OH 43004
      View Details
    • $204,900

      Charming Ranch Condo in Blacklick

      Move-in ready end-unit condo with new carpet and fenced backyard.
      301 Piney Creek Dr, Blacklick, OH 43004
      View Details
    • Contact for pricing
      29,600 SF

      Blacklick Industrial Property for Sale

      29,600 SF industrial property in Blacklick, Ohio.
      250-278 Business Center Dr, Blacklick, OH 43004
      View Details
    • $925,000
      2 SF

      Blacklick Development Opportunity

      2.76-acre wooded lot ideal for industrial or storage use.
      225 Business Center Dr North, Blacklick, OH 43004
      View Details
    • $217,000
      1,146 SF

      Charming Property with Fireplace

      Inviting property featuring stainless steel appliances and freshly painted interior.
      7873 Beamish Way, Blacklick, OH 43004
      View Details
    • $295,000
      1.17 Acres

      Blacklick Commercial Land - $295K

      1.17 Acres, High-Traffic Location
      0 Waggoner Rd, Blacklick, OH 43004
      View Details

    Similar Nearby for Lease

    • $8 SF/Yr
      171,115 SF

      Columbus Industrial Warehouse - 171,115 SF

      Large warehouse space, multiple suites available. Ideal for distribution.
      6611 Broughton Ave, Columbus, OH 43004
      View Details
    • $15 SF/Yr
      10,878 SF

      Blacklick Medical Office Space

      1,908 SF Available - Prime Location
      7334 Broad St, Blacklick, OH 43004
      View Details
    • Contact for pricing

      Land for Retail or Service

      Multiple land pads available on a major retail corridor.
      8394 E Broad St, Blacklick, OH 43004
      View Details
    • Contact for pricing
      4,209 SF

      Retail Space in Broad Street Plaza

      Retail space available in a power center near corporate headquarters.
      8110-8200 E Broad St, Blacklick, OH 43004
      View Details
    • Contact for pricing
      22,447 SF

      Blacklick Retail Space Available

      Retail property available for lease in Blacklick, Ohio.
      7995 East Broad St, Blacklick, OH 43004
      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.
    145 Reynoldsburg - New Albany Rd
    Blacklick, OH 43004
    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

    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.