Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    1001 Mount Vernon Ave Columbus, OH 43203

    • Retail space
    • 2,360 SF
    • 0.12 lot acres
    For Sale
    View listing
    $550,000
    Last Sale
    Sep 26, 2024
    $185,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US66-6027659
    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 space

    Property Details for 1001 Mount Vernon Ave

    Year built
    1921
    Construction
    WOOD
    Lot size
    0.12 lot acres
    Property size
    2,360 SF
    Property type
    Retail space
    APN
    010-041256
    APU
    10041256

    Description

    This exceptional 2,360 square foot retail property, located at 1001 Mount Vernon Avenue in Columbus, Ohio, presents a compelling investment opportunity. Built in 1921, the building sits on a 5,227.2 square foot lot and offers a unique blend of character and potential. The asking price is $550,000, translating to $233.05 per square foot. The property's convenient location offers easy access to downtown Columbus and major highways including I-670, I-71, and I-70, ensuring high visibility and accessibility for businesses. The entire 2,360 square feet is net rentable, providing ample space for a variety of retail uses. This multi-unit retail space is ideal for an investor seeking a strong foothold in a thriving Columbus market. The property's age and location contribute to its unique character, offering a chance to capitalize on the growing demand for distinctive retail spaces in a well-connected area. This is a rare opportunity to acquire a well-situated retail property in a prime Columbus location. The property's size and location make it an attractive investment for both established and emerging businesses.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Columbus
    County
    Franklin
    State
    Ohio
    Longitude
    -82.9752
    Latitude
    39.9715
    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
    $2,575
    $7,600
    $27,650
    $35,250
    -
    $21,700
    $79,000
    $100,700

    Comparable in this City

    • Value Estimation by Request
      1,191 SF

      432 Champion Ave

      RETAIL STORES (PERSONAL SERVICES) • 1,191 SF
      432 Champion Ave, Columbus, OH 43203-1130
      View Details
    • Value Estimation by Request
      3,150 SF

      1500-1502 Long St

      RETAIL STORES (PERSONAL SERVICES) • 3,150 SF
      1500-1502 Long St, Columbus, OH 43203
      View Details
    • Value Estimation by Request
      3,570 SF

      1021 Mt Vernon Ave

      RETAIL STORES (PERSONAL SERVICES) • 3,570 SF
      1021 Mt Vernon Ave, Columbus, OH 43203
      View Details
    • Value Estimation by Request
      3,145 SF

      969-971 Mt Vernon Ave

      RETAIL STORES (PERSONAL SERVICES) • 3,145 SF
      969-971 Mt Vernon Ave, Columbus, OH 43203
      View Details
    • Value Estimation by Request
      4,960 SF

      1494 Mt Vernon Ave, Unit 1502

      RETAIL STORES (PERSONAL SERVICES) • 4,960 SF
      1494 Mt Vernon Ave, Columbus, OH 43203-1616
      View Details
    • Value Estimation by Request
      348 SF

      999 Long St

      RETAIL STORES (PERSONAL SERVICES) • 348 SF
      999 Long St, Columbus, OH 43203-1864
      View Details

    Similar Nearby for Sale

    • $550,000
      7,638 SF

      Prime Columbus Storefront Opportunity

      High-Traffic Retail Space, Excellent Investment
      1009 Mount Vernon Ave, Columbus, OH 43203
      View Details
    • $550,000

      Columbus Lot: Prime Development Opportunity

      Vacant lot, 5,227 sq ft, high potential.
      1013 Mount Vernon Ave, Columbus, OH 43203
      View Details
    • $199,999

      Columbus Development Land - Opportunity Zone

      Shovel-ready lot, utilities available, tax abatement.
      0 Atcheson St, Columbus, OH 43203
      View Details
    • $125,000

      Prime Columbus Land - Olde Towne East

      R-2F Zoned Lot, Duplex Plans Included
      1308 Long St, Columbus, OH 43203
      View Details
    • New
      $39,900
      0.09 Acres

      Residential Land in Columbus, OH

      Land lot available in Columbus, Ohio.
      Bassett Ave, Columbus, OH 43203
      View Details
    • $515,000
      0.11 Acres

      Columbus Duplex with Tax Abatement

      Large brick duplex with updates, tax abatement, and parking.
      163-165 N 18Th St, Columbus, OH 43203
      View Details

    Similar Nearby for Lease

    • $16 SF/Yr
      69,784 SF

      Cliffs Office Center: Columbus, OH

      Medical Office Suites Available: Columbus, Ohio
      2323 5Th Ave, Columbus, OH 43203
      View Details
    • Contact for pricing
      14,152 SF

      Turnkey Education Facility Near Downtown

      14,152 SF renovated education facility, ideal for schools/academies.
      1330 Atcheson St, Columbus, OH 43203
      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.
    1001 Mount Vernon Ave
    Columbus, OH 43203
    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.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.