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

    1 Easton Oval Columbus, OH 43219

    • Office buildings
    • 100,640 SF
    • 7.69 lot acres
    For Lease
    View listing
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US66-2316478
    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

    • Ryan Lewis at NFM Lending / Mortgage Lender
    • Academy Medical / Medical Center
    • Andy Norris, Keller Williams Greater Columbus / Real Estate Agent
    • AEP Energy / Energy Supplier
    • Emens Wolper Jacobs Jasin Law Firm / Attorney

    Property Details for 1 Easton Oval

    Year built
    1998
    Lot size
    7.69 lot acres
    Property size
    100,640 SF
    Property type
    Office buildings
    APN
    520-250980
    APU
    520250980

    Description

    This exceptional Class A office building, Easton Oval, offers 124,781 square feet of prime office space in the desirable Easton submarket of Columbus, Ohio. Built in 1998, this five-story building boasts a variety of suite sizes, ranging from a minimum of 1,621 square feet to a maximum contiguous space of 14,676 square feet. Currently, there are 82,331 square feet of vacant space available for lease, providing multiple tenancy options. The building features a generous 15.3-acre lot, providing ample parking with a ratio of 4 spaces per 1,000 square feet. Four high-speed elevators ensure efficient access to all floors. Ceiling heights vary, with 14-foot ceilings on the first floor and 9-foot ceilings elsewhere. The property is ideally suited for executive office and medical office uses, offering a prestigious address and convenient location within the vibrant Easton community. The building's prime location and modern amenities make it an attractive option for businesses seeking a high-quality workspace in a thriving area of Columbus. Contact us today to learn more about leasing opportunities and explore the possibilities of establishing your business at Easton Oval.

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $20,670,000
      6.5%
      $19,080,000
      7%
      $17,720,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $21,966,000
      Market price range: $7.59M - $22.3M
      AI Estimate
      $11,147,000
      Market price range: $996k - $13.4M

    • Alternative Use

      Use
      Estimation
      OFFICE BUILDING
      $14,365,000
      Current use
      RESTAURANT
      $22,950,000
      Change: +60% Conversion: Moderate
      COMMERCIAL (GENERAL)
      $18,575,000
      Change: +29% Conversion: Easy
      AUTO REPAIR, GARAGE
      $15,960,000
      Change: +11% Conversion: Difficult
      APARTMENT HOUSE (5+ UNITS)
      $14,590,000
      Change: +2% Conversion: Easy
      MEDICAL BUILDING
      $13,590,000
      Change: -5% Conversion: Easy

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Columbus
    County
    Franklin
    State
    Ohio
    Longitude
    -82.9077
    Latitude
    40.0457
    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
    $431,987
    $175,880
    $5,889,350
    $6,065,230
    -
    $502,500
    $16,826,700
    $17,329,200

    Comparable in this City

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    • Value Estimation
      $625,000
      15,300 SF

      7th Ave

      OFFICE BUILDING • 15,300 SF
      7th Ave, Columbus, OH 43219
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    • Value Estimation by Request
      0.11 Acres

      917 23rd St

      OFFICE BUILDING • 0.11 Acres
      917 23rd St, Columbus, OH 43219-2430
      View Details
    • Value Estimation
      $6,220,000
      84,059 SF

      Morse Xing

      OFFICE BUILDING (MULTI-STORY) • 84,059 SF
      Morse Xing, Columbus, OH 43219
      View Details
    • Value Estimation
      $9,380,000
      98,862 SF

      3 Easton Oval

      OFFICE BUILDING (MULTI-STORY) • 98,862 SF
      3 Easton Oval, Columbus, OH 43219-6030
      View Details
    • Value Estimation
      $2,080,000
      8,755 SF

      2828 Johnstown Rd

      OFFICE BUILDING • 8,755 SF
      2828 Johnstown Rd, Columbus, OH 43219-2322
      View Details

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    Similar Nearby for Lease

    • $18 SF/Yr
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      View Details
    • $27 SF/Yr
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      Class A Office Building Near Easton

      Five-story Class A office building with high visibility and modern amenities.
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      View Details
    • $26 SF/Yr
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      Modern Office Suites, Flexible Options
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    1 Easton Oval
    Columbus, OH 43219
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    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
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