Add Listing
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    8Th Ave Columbus, OH 43219
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    8Th Ave Columbus, OH 43219

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

    Current Use by Public Records

    • Land

    Property Details for 0 8Th Ave

    Property type
    Land

    Description

    This exceptional 3,920.4 square foot lot presents a unique opportunity for development in a rapidly growing area of Columbus, Ohio. Located on E E 8th Avenue, in Franklin County, zip code 43219, this property offers a blend of convenience and tranquility. Its proximity to the airport provides easy access to travel, while the .09-acre lot size ensures a degree of privacy not often found in such desirable locations. The asking price is $25,000, making this an attractive investment for builders and developers seeking a strategic location for residential or commercial projects. The property's address is clearly defined, and its geographical coordinates (latitude 39.9874233, longitude -82.9241349) are readily available for precise location verification. This land parcel represents a compelling chance to capitalize on the burgeoning growth of the surrounding neighborhood. The relatively small size of the lot makes it ideal for a variety of projects, from single-family homes to smaller-scale commercial ventures. Serious inquiries are encouraged to explore the potential of this exceptional Columbus property. Don't miss this chance to build in a thriving community with convenient access to major transportation hubs.

    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
    -82.9241
    Latitude
    39.9874

    Comparable in this City

    • Value Estimation by Request

      2066 Stelzer Rd

      Land
      2066 Stelzer Rd, Columbus, OH 43219
      View Details
    • Value Estimation by Request

      Mifflin Blvd

      Land
      0 Mifflin Blvd, Columbus, OH 43219
      View Details
    • Value Estimation by Request
      0.49 Acres

      Stelzer Rd

      Farms • 0.49 Acres
      0 Stelzer Rd, Columbus, OH 43219
      View Details
    • Value Estimation by Request

      1963-1965 Margaret St

      Land
      1963-1965 Margaret St, Columbus, OH 43219
      View Details
    • Value Estimation by Request
      0.47 Acres

      2275 Stelzer Rd

      Land • 0.47 Acres
      2275 Stelzer Rd, Columbus, OH 43219
      View Details
    • Value Estimation by Request

      1522 Delbert Rd

      Land
      1522 Delbert Rd, Columbus, OH 43219
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Franklin County Land Opportunity

      Land zoned R-2 with multiple development possibilities.
      Rankin Ave, Columbus, OH 43219
      View Details
    • $2,800,000
      4.00 Acres

      Prime Development Land For Sale

      3.5 acres of commercial land with high development potential.
      2275 Stelzer Rd, Columbus, OH 43219
      View Details
    • Contact for pricing

      Land Near John Glenn Airport

      Commercial land with high visibility near major transportation routes.
      1822 Stelzer Rd, Columbus, OH 43219
      View Details
    • $1,800,000

      Redevelopment Land Near Airport

      5.73 acres near I-670/I-270 and Ohio Dominican University.
      2500 Airport Dr, Columbus, OH 43219
      View Details
    • Contact for pricing
      0.09 Acres

      Residential Land in Columbus, OH

      Land available for residential construction in Columbus, Ohio.
      E 7Th Ave, Columbus, OH 43219
      View Details
    • $350,000
      0.08 Acres

      Columbus, OH Land Parcel

      Land parcel for sale in Columbus, Ohio.
      Columbus, OH 43219
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Land Near Easton Town Center

      Land available near shopping, parks, and Columbus Airport.
      2423 Stelzer Rd, Columbus, OH 43219
      View Details
    • Contact for pricing

      Land Near Airport and Easton

      Land available for sale or build to suit opportunity.
      Stelzer Rd, Columbus, OH 43219
      View Details
    • Contact for pricing
      60,000 SF

      New Speculative Warehouse Near Airport

      Under-construction 207,740 SF warehouse near Columbus Airport.
      885 Stelzer Rd, Columbus, OH 43219
      View Details
    • $10 SF/Yr
      5,600 SF

      Industrial Building Suites For Lease

      Industrial building with suites for lease, convenient location.
      3051 Lamb Ave, Columbus, OH 43219
      View Details
    • Contact for pricing
      29,260 SF

      Industrial Property with Hazard Compliance

      Industrial property featuring hazard compliance and potential rail service.
      1100 Woodland Ave, Columbus, OH 43219
      View Details
    • Contact for pricing
      6,293 SF

      Office Space Near Easton Center

      Sublease office space across from Easton Town Center.
      4343 Easton Cmns, Columbus, OH 43219
      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.
    8Th Ave
    Columbus, OH 43219
    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.
    Sign Up Successful!
    You now have access to more from Realmo!