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    Property profile & analytics

    110 Riverbend Ave Powell, OH 43065-9873

    • Office buildings
    • 53,522 SF
    • 5.44 lot acres
    OFF-MARKET
    Value Estimations
    $5,935,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US66-1825137
    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

    • Office buildings

    Property Details for 110 Riverbend Ave

    Year built
    2000
    Lot size
    5.44 lot acres
    Property size
    53,522 SF
    Property type
    Office buildings
    APN
    318-321-02-016-013
    APU
    31832102016013

    Description

    This exceptional sublease opportunity presents 11,062 square feet of move-in ready office space on the first floor of a two-story building located in the desirable Powell/Lewis Center area of Ohio. The suite, part of a larger 53,522 square foot building, boasts recently updated features including fresh paint, new flooring, and a significantly upgraded kitchen. The highly functional layout includes twelve private offices, with potential for expansion, ample workstation space, and multiple conference rooms, catering to a variety of business needs. The space benefits from tall ceilings, abundant natural light, and a highly desirable floor plan. This single-tenant building at 110 Riverbend Avenue (APN 318-321-02-016-013), situated near Owenfield Drive and conveniently located west of US-23, offers exceptional accessibility. The building itself is meticulously maintained and provides ample parking with 200 spaces available on a 5.44-acre lot. The sublease offers favorable terms for a new tenant. This property is classified as Traditional, Executive, and Creative Office space, making it suitable for a wide range of businesses. The property's address is 110 Riverbend Avenue, Powell, OH 43065.

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $6,846,000
      Market price range: $5.74M - $11.1M
      AI Estimate
      $5,264,000
      Market price range: $2.61M - $8.32M

    • Alternative Use

      Use
      Estimation
      OFFICE BUILDING
      $7,840,000
      Current use
      MEDICAL BUILDING
      $8,805,000
      Change: +12% Conversion: Easy
      WAREHOUSE, STORAGE
      $8,405,000
      Change: +7% Conversion: Difficult
      AUTO REPAIR, GARAGE
      $7,845,000
      Change: +0% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Powell
    County
    Delaware
    State
    Ohio
    Longitude
    -83.0228
    Latitude
    40.1683
    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
    $187,342
    $190,510
    $2,121,530
    $2,312,040
    -
    $544,300
    $6,061,500
    $6,605,800

    Comparable in this City

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      7560 Sawmill Pkwy Ste F

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      377 Park Woods Ln

      OFFICE BUILDING • 1,906 SF
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      5257 Butts Rd

      OFFICE BUILDING • 3,344 SF
      5257 Butts Rd, Powell, OH 43065-9174
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    • Value Estimation
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      7,200 SF

      3041 Home Rd

      OFFICE BUILDING • 7,200 SF
      3041 Home Rd, Powell, OH 43065-9710
      View Details
    • Value Estimation by Request
      1,271 SF

      9785 Fairway Dr

      OFFICE BUILDING • 1,271 SF
      9785 Fairway Dr, Powell, OH 43065-6947
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      13,330 SF

      Powell Office Building for Sale

      Office building with private entrances, conference room, and kitchenette.
      3751-3847 Attucks Dr, Powell, OH 43065
      View Details
    • New
      $65,000
      0.21 Acres

      Residential Lots in Shawnee Hills

      Five adjoining residential lots totaling approximately 0.21 acres.
      S Park Pl E, Shawnee Hills, OH 43065
      View Details
    • New
      $319,000
      3.00 Acres

      Residential Land in Powell, Ohio

      Three-acre residential land parcel suitable for building a home.
      unit Tract 11 Liberty Rd, Powell, OH 43065
      View Details
    • New
      $229,000
      1.20 Acres

      Residential Land in Olentangy District

      1.2-acre lot in a peaceful country atmosphere near shopping.
      unit Tract 1 Liberty Rd, Powell, OH 43065
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    • Contact for pricing

      Commercial Land on Corner Lot

      Development opportunity on a hard corner lot in Powell, Ohio.
      Bunker Ln, Powell, OH 43065
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    • $3,038,000
      5,068 SF

      8823 Owenfield Dr

      Retail properties & Spaces • 5,068 SF
      8823 Owenfield Dr, Powell, OH 43065
      View Details

    Similar Nearby for Lease

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      2,519 SF

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    • $9 SF/Yr
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      Village Industrial Park: Powell, OH

      Industrial Space for Lease: Powell, Ohio
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      Powell Retail Center: Prime Location

      High-traffic retail space available in Powell, Ohio.
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    • Contact for pricing
      114,563 SF

      Powell, OH Ground Lease Opportunity

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    110 Riverbend Ave
    Powell, OH 43065-9873
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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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