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Property profile & analytics

156 Ohio Ave Columbus, OH 43205

  • Retail residential properties
  • 5,592 SF
  • 0.09 lot acres
Value Estimation
$85,000
Last Sale
Mar 09, 2023
$81,900
Location Intelligence
Property ID
US66-1812087
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

Current Use by Public Records

  • Retail residential properties

Property Details for 156 Ohio Ave

Year built
1945
Construction
WOOD
Lot size
0.09 lot acres
Property size
5,592 SF
Property type
Retail residential properties
APN
010-007855
APU
10007855

Description

This exceptional 5,624-square-foot flex space at 156 S Ohio Ave in Columbus, Ohio, presents a unique investment opportunity. Located in the vibrant Old Town East neighborhood, this single-tenant property boasts a prime corner location, offering unparalleled visibility and accessibility. Built in 1946 and situated on a 0.582-acre lot, the building features high ceilings and ample space, ideal for a variety of uses. The property's zoning (CPD) allows for diverse business ventures, including restaurants, grocery stores, or other mercantile establishments. Its connection to the new Gemma Apartment building ensures a built-in customer base. The property includes 400 parking spaces, providing convenient access for customers and employees. With 600 amps of power, the space is well-equipped to handle the demands of a modern business. Currently vacant, this property offers a blank canvas for a customized build-out, perfectly suited to meet the specific needs of a discerning tenant. The surrounding area is experiencing significant growth, with new multi-family developments and the nearby Trolley Barn contributing to a thriving and dynamic neighborhood. This location ensures a strong long-term retail position within a rapidly developing area of Columbus. Franklin County location and 43205 zip code.

Value Estimation

by Realmo proprietary methodology Last update: July 3, 2025
  • AI approach

    CAP return
    Estimation
    Estimation
    $85,000
  • CAP approach

    CAP return
    Estimation
    6%
    $80,000
    6.5%
    $95,000
    7%
    $95,000
  • Comparable approach

    Method
    Estimation
    Relative Method
    $95,000
    Geo Method
    $90,000
  • Alternative Use

    Use
    Estimation
    Distribution
    $80,000
    Retail
    $95,000
    Mixed-Use
    $90,000
    Hospitality
    $100,000
    Educational
    $100,000
    Residential Income
    $80,000
    Energy
    $95,000
    Income-Based Land
    $90,000
    Food Service
    $80,000

Location Insight

  • Map
  • Local Demand
City
Columbus
County
Franklin
State
Ohio
Longitude
-82.9702
Latitude
39.9623
CBSA code
18140
CBSA name
COLUMBUS, OH METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$40,729
$61,080
$1,497,380
$1,558,460
-
$174,500
$4,278,200
$4,452,700
More about this property
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