Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    76-78 Barthman Ave Columbus, OH 43207
    Back to Search
    Property profile & analytics

    76-78 Barthman Ave, Columbus, OH 43207

    View on Map
    • Apartment buildings
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Apartment buildings

    Property Details for 76-78 Barthman Ave

    Year built
    1924
    Property type
    Apartment buildings
    Property subtype
    Small apartment buildings

    Description

    This Columbus, Ohio investment property, located at 76-78 E Barthman Avenue, presents a compelling value-add opportunity. The property is a two-unit duplex, built in 1924, situated on a substantial 10,018.8 square foot double lot in the 43207 zip code. Asking price is $205,000, translating to $84.99 per square foot. One unit (78 E Barthman) underwent a remodel and was recently rented, while the other (76 E Barthman) is ready for renovation, down to the studs. Each unit features three bedrooms and one bathroom, with sizable, unfinished basements offering potential for expansion. A new roof was installed in 2019. The property's location offers convenient access to Nationwide Children's Hospital, German Village, and Downtown Columbus, benefiting from the area's growth spurred by developments like The Fort on S. High Street and warehouses on S. Parsons Avenue. The large lot presents additional development possibilities, such as subdividing and selling the land separately or constructing another building. The property is being sold as-is. This presents a unique chance to capitalize on the area's upward trajectory and create significant return on investment.

    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
    -82.9932
    Latitude
    39.9244

    Comparable in this City

    • Value Estimation by Request

      43-45 Markison Ave

      Multifamily properties
      43-45 Markison Ave, Columbus, OH 43207
      View Details
    • Value Estimation by Request

      1774 8Th St

      Multifamily properties
      1774 8Th St, Columbus, OH 43207
      View Details
    • Value Estimation by Request

      508-510 Markison Ave

      Multifamily properties
      508-510 Markison Ave, Columbus, OH 43207
      View Details
    • Value Estimation by Request

      73-75 Markison Ave

      Multifamily properties
      73-75 Markison Ave, Columbus, OH 43207
      View Details
    • Value Estimation by Request

      1803 6Th St

      Multifamily properties
      1803 6Th St, Columbus, OH 43207
      View Details
    • Value Estimation by Request

      432-434 Hosack St

      Multifamily properties
      432-434 Hosack St, Columbus, OH 43207
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      5,400 SF

      Multifamily Property Near Schiller Park

      Three buildings with two-bedroom apartments near Schiller Park.
      54-60 E Moler St, Columbus, OH 43207
      View Details
    • Contact for pricing

      Columbus Four-Unit Brick Building

      Four-unit building near downtown Columbus with income potential.
      1470 S High St, Columbus, OH 43207
      View Details
    • $225,000
      0.29 Acres

      Columbus Duplex in South Side

      Well-maintained duplex in desirable location with income potential.
      1514-1518 Wilson Ave, Columbus, OH 43207
      View Details
    • New
      $324,900
      0.12 Acres

      Updated Duplex in Merion Village

      Fully updated duplex with income potential in Columbus, Ohio.
      366-368 Morrill Ave, Columbus, OH 43207
      View Details
    • Contact for pricing

      South Side Duplex Investment Opportunity

      Well-maintained duplex in South Side with immediate cash flow.
      1514-1518 Wilson Ave, Columbus, OH 43207
      View Details
    • Contact for pricing

      Updated Duplex in Merion Village

      Updated duplex near German Village, excellent investment or owner-occupant opportunity.
      73-75 E Markison Ave, Columbus, OH 43207
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      19,764 SF

      Columbus Warehouse: 19,764 SF

      Prime Columbus warehouse, 19,764 sq ft.
      1663 Watkins Rd, Columbus, OH 43207
      View Details
    • Contact for pricing
      244,800 SF

      Columbus Industrial Portfolio Opportunity

      Three-building portfolio near I-270 and CSX intermodal yard.
      1580 Williams Rd, Columbus, OH 43207
      View Details
    • Contact for pricing
      87,641 SF

      Columbus Industrial Distribution Center Space

      Industrial space for lease in Columbus distribution center.
      1695 Williams Rd, Columbus, OH 43207
      View Details
    • Contact for pricing
      7,500 SF

      Industrial Warehouse Near I-70

      7,500 SF industrial warehouse space near I-70 available for lease.
      2080-2090 Fairwood Ave, Columbus, OH 43207
      View Details
    • Contact for pricing
      21,000 SF

      21,000 SF Facility For Lease

      21,000 SF facility with docks, drive-in doors, and fenced yard.
      2523 Creekway Dr, Columbus, OH 43207
      View Details
    • Contact for pricing

      Versatile Industrial Space with Storage

      7,037 SF industrial space with exterior storage and potential uses.
      2200 Lockbourne Rd, Columbus, OH 43207
      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.
    76-78 Barthman Ave
    Columbus, OH 43207
    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
    76-78 Barthman Ave, Columbus, OH, 43207
    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!