Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Sold
    • Property Lookup
    • Brokers
    848 Seymour Ave Columbus, OH 43205

    Property Lookup

    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    848 Seymour Ave Columbus, OH 43205

    View on Map
    • Land
    • 0.11 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Land

    Property Details for 848 Seymour Ave

    Lot size
    0.11 lot acres
    Property type
    Land

    Description

    This exceptional 0.114-acre residential lot, located at 846-848 Seymour Avenue in Columbus, Ohio (APN 010-014008-00), presents a remarkable development opportunity. Zoned R-2F Residential, this property allows for the construction of residential units. Its convenient location offers easy access to numerous amenities. Situated within five minutes of Nationwide Children's Hospital, the City of Bexley, and Downtown Columbus, and less than fifteen minutes from Columbus International Airport, this lot benefits from excellent proximity to key areas. The property is ideally positioned adjacent to several new developments, indicating a thriving and growing neighborhood. This is an exceptional investment or owner-user opportunity. Note that this listing is for one lot

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Columbus
    County
    Franklin
    State
    Ohio
    Longitude
    -82.9549
    Latitude
    39.9496

    Comparable in this City

    • Value Estimation by Request

      500 Kimball Pl

      Land
      500 Kimball Pl, Columbus, OH 43205
      View Details
    • Value Estimation by Request

      506 Miller Ave

      Multifamily properties
      506 Miller Ave, Columbus, OH 43205
      View Details
    • Value Estimation by Request
      0.11 Acres

      Seymour Ave

      Land • 0.11 Acres
      0 Seymour Ave, Columbus, OH 43205
      View Details
    • Value Estimation by Request

      838 Bryden Rd

      Land
      838 Bryden Rd, Columbus, OH 43205
      View Details
    • Value Estimation by Request

      250 18Th St

      Multifamily properties
      250 18Th St, Columbus, OH 43205
      View Details
    • Value Estimation by Request
      5,427 SF

      374 Wilson Ave

      Multifamily properties • 5,427 SF
      374 Wilson Ave, Columbus, OH 43205
      View Details

    Similar Nearby for Sale

    • $400,000

      Commercial Land and Duplex Opportunity

      Commercial land and duplex in opportunity zone near downtown Columbus.
      1230 E Main St, Columbus, OH 43205
      View Details
    • Contact for pricing

      Land in Historic Olde Town

      Land available in Columbus' historic Olde Town East neighborhood.
      996 E Mound St, Columbus, OH 43205
      View Details
    • Contact for pricing
      3,132 SF

      Redevelopment Opportunity Near Downtown Columbus

      Mixed-use property with redevelopment potential near Nationwide Children's Hospital.
      1068 E Livingston Ave, Columbus, OH 43205
      View Details
    • Contact for pricing

      Renovated Duplex Near Franklin Park

      Turnkey duplex with updated units, ideal for owner occupant.
      1786-1788 E Rich St, Columbus, OH 43205
      View Details
    • Contact for pricing

      Value-Add Triplex in Franklin Park

      Triplex in Franklin Park with income potential and renovation opportunity.
      1469 Bryden Rd, Columbus, OH 43205
      View Details
    • Contact for pricing

      Renovated Duplex in Columbus

      Turn-key duplex with tax abatement in a vibrant location.
      1555-1557 E Rich St, Columbus, OH 43205
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Land For Sale Columbus

      Land available for sale in Columbus, Ohio.
      Seymour Ave, Columbus, OH 43205
      View Details
    • $10 SF/Yr
      6,240 SF

      Industrial Space with Office

      6,240 SF industrial space featuring a second-floor office.
      1956 E Walnut St, Columbus, OH 43205
      View Details
    • Contact for pricing

      Warehouse Units Near Downtown Columbus

      Two warehouse units available for lease just outside downtown Columbus.
      Collumbus, Columbus, OH 43205
      View Details
    • $10 SF/Yr
      60,000 SF

      Bexley Business Park: Flex Space Available

      Columbus industrial space, 3,200-60,000 SF
      572 Nelson Rd, Columbus, OH 43205
      View Details
    • Contact for pricing

      Columbus Retail/Flex/Industrial Space Available

      5,624 SF retail/flex/industrial property in Columbus, OH for lease.
      156 S Ohio Ave, Columbus, OH 43205
      View Details
    • Contact for pricing

      Olde Towne East Mixed-Use Space

      Restaurant/retail space in new mixed-use development, Olde Towne East.
      80 S 18Th St, Columbus, OH 43205
      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.
    848 Seymour Ave
    Columbus, OH 43205
    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

    848 Seymour Ave, Columbus, OH, 43205

    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!