Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    2150-2152 Baldwin Rd Reynoldsburg, OH 43068
    Back to Search
    Property profile & analytics

    2150-2152 Baldwin Rd, Reynoldsburg, OH 43068

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

    Current Use by Public Records

    • Apartment buildings

    Property Details for 2150-2152 Baldwin Rd

    Year built
    1979
    Property type
    Apartment buildings
    Property subtype
    Small apartment buildings

    Description

    This exceptional two-unit apartment building, located at 2150-2152 Baldwin Road in Reynoldsburg, Ohio, presents a compelling investment opportunity. Built in 1979 and extensively renovated in 2025, this property boasts a desirable location within the Reynoldsburg school district and offers significant potential for both owner-occupants and investors. Each unit features three bedrooms and one and a half bathrooms, complemented by a one-car garage and a private back deck. One unit has undergone a complete transformation, showcasing new luxury vinyl plank (LVP) and carpeting, updated kitchens with new cabinets, granite countertops, and stainless steel appliances, and renovated bathrooms. Both units include fireplaces, adding to their charm and appeal. The property benefits from a staggered unit layout, ensuring backyard privacy for each resident. One unit is currently occupied by a long-term tenant (19 years), providing immediate rental income. Situated on a spacious .41-acre lot, the property backs up to the Blacklick Woods Metro Park, offering a tranquil and desirable setting. The asking price is $390,000, with a price per square foot of $133.29. This property represents a rare blend of updated amenities, strong rental potential, and a prime location, making it an ideal addition to any investment portfolio. The property's zip code is 43068, and it is located in Franklin County.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Reynoldsburg
    County
    Franklin
    State
    Ohio
    Longitude
    -82.8159
    Latitude
    39.9379

    Comparable in this City

    • Value Estimation by Request

      6412-6414 Birchview Dr

      Multifamily properties
      6412-6414 Birchview Dr, Reynoldsburg, OH 43068
      View Details
    • Value Estimation by Request

      7176-7178 Feather Ct

      Multifamily properties
      7176-7178 Feather Ct, Reynoldsburg, OH 43068
      View Details
    • Value Estimation by Request

      2297-2299 Ayers Dr

      Multifamily properties
      2297-2299 Ayers Dr, Reynoldsburg, OH 43068
      View Details
    • Value Estimation by Request

      822-824 Crofton Cir

      Multifamily properties
      822-824 Crofton Cir, Reynoldsburg, OH 43068
      View Details
    • Value Estimation by Request

      Oak Valley Rd

      Multifamily properties
      0 Oak Valley Rd, Reynoldsburg, OH 43068
      View Details
    • Value Estimation by Request

      6343-6345 Birchview Dr

      Multifamily properties
      6343-6345 Birchview Dr, Reynoldsburg, OH 43068
      View Details

    Similar Nearby for Sale

    • $330,000
      2,384 SF

      Spacious Duplex in Reynoldsburg, OH

      2,384 sq ft duplex with basement and one-car garage.
      6474 Birchview Dr N, Reynoldsburg, OH 43068
      View Details
    • $529,000
      1.93 Acres

      Reynoldsburg Land Development Opportunity

      Mixed-use land suitable for multifamily and commercial development in Reynoldsburg.
      Tussing Rd, Reynoldsburg, OH 43068
      View Details
    • $330,000
      Pending

      Spacious Duplex with Garage

      2,384 sq ft duplex with recent updates and garage.
      6474 Birchview Dr North, Reynoldsburg, OH 43068
      View Details
    • $425,000
      2,093 SF

      Reynoldsburg Mixed-Use Office Building

      Prime Location, Ample Parking, 2093 sq ft
      1624 Brice Rd, Reynoldsburg, OH 43068
      View Details
    • $300,000

      Land in Reynoldsburg Area

      Prime land for retail or general business development.
      8882-8883 Eastwood Dr, Reynoldsburg, OH 43068
      View Details
    • Contact for pricing
      4,960 SF

      Multi-Use Commercial Building For Sale

      Two-story, 4,960 SF commercial building suitable for office or church.
      3050 Delta Marine Dr, Reynoldsburg, OH 43068
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      6,200 SF

      Retail Space in Taylor Square

      Retail space available within a large mixed-use development.
      2928 Taylor Road Ext, Reynoldsburg, OH 43068
      View Details
    • Contact for pricing
      1,950 SF

      Reynoldsburg Industrial Space For Lease

      Industrial spaces available for lease in Reynoldsburg, Ohio.
      7482-7488 E Main St, Reynoldsburg, OH 43068
      View Details
    • Contact for pricing
      1,098 SF

      Retail Space in Power Center

      Retail space available in a power center with strong traffic.
      7995-8173 E Broad St, Reynoldsburg, OH 43068
      View Details
    • Contact for pricing
      1,950 SF

      Industrial Building on US 40

      Multi-tenant industrial building near I-270 available for rent.
      7492-7508 E Main St, Reynoldsburg, OH 43068
      View Details
    • Contact for pricing
      3,678 SF

      Freestanding Restaurant with Drive-Thru

      3,679 SF restaurant with drive-thru in Reynoldsburg, OH.
      6999 E Main St, Reynoldsburg, OH 43068
      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 43068
      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.
    2150-2152 Baldwin Rd
    Reynoldsburg, OH 43068
    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
    2150-2152 Baldwin Rd, Reynoldsburg, OH, 43068
    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!