New search
Property profile & analytics
FOR LEASE
Flex space
1100 Rarig Ave Columbus, OH 43219
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US66-0439334
For Lease
1 / 4
$13 SF/Yr
1100 Rarig Ave, Columbus, OH 43219
View Listing →
Property profile
Verified
Property type
Flex space
Use group
LIGHT INDUSTRIAL
Year built
1978
Total area
21,000 SF
Lot
0.94 ac (40,816 SF)
APN
010-012699
UPID
US66-0439334
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
t-built construction services General Contractor
-
Local garage door & opener Building Supply General Contractor
-
Bos Distribution Department Store
-
The Lab: Powered by A-Squared Gym & Fitness Center
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.87M
CAP Approach
CAP
$1.28M
Comparable Approach
Comparable
$1.66M
Blend (final)
Blend
$1.83M
Owner & transaction history
1100 Rarig Ave LLC · 2 yrs held
1100 Rarig Ave LLC
since 2023
Last sale
$1.8M
4 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Apartment house (5+ units)
$3.0M
+76.1%
Office building
$3.0M
+73.4%
Medical building
$2.8M
+64.1%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Columbus submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Columbus submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
$1,855,000
ML approach
$1,865,000
CAP Approach
CAP Return
Estimation
6%
$1,385,000
6.5%
$1,275,000
7%
$1,185,000
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$1,730,000
Current use
APARTMENT HOUSE (5+ UNITS)
$3,045,000
Change: +76% · Conversion: Difficult
OFFICE BUILDING
$2,995,000
Change: +73% · Conversion: Difficult
MEDICAL BUILDING
$2,835,000
Change: +64% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$2,270,000
Change: +31% · Conversion: Difficult
Blend value · Realmo final
$1.83M
Range $1.65M – $2.01M · ±10% · vs last sale $1.80M (Oct 9 2023)
Last sale anchor
$1.80M
Oct 9 2023
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$87 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$27,438
Tax year 2023
Assessed value
$375,620
Assessed 2023
Previous assessed
$301,880
+24.4% YoY
Effective rate
7.30%
On assessed value
Assessed land
$42,770
Assessed improvement
$332,850
Land market value
$122,200
Improvement market value
$951,000
Total market value
$1,073,200
Applied tax rate
10.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Flex space
Use group
LIGHT INDUSTRIAL
Status
For Lease
Year built
1978
Heating
YES
Cooling
NONE
Buildings
1
Stories
1
Total area
21,000 SF
Lot
0.94 ac (40,816 SF)
APN
010-012699
UPID
US66-0439334
Jurisdiction
FRANKLIN
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
INDUSTRIAL (GENERAL) Current
Est. value
$1.7M
APARTMENT HOUSE (5+ UNITS)
Est. value
$3.0M
OFFICE BUILDING
Est. value
$3.0M
MEDICAL BUILDING
Est. value
$2.8M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$2.3M
INDUSTRIAL (GENERAL) Current
APARTMENT HOUSE (5+ UNITS)
OFFICE BUILDING
MEDICAL BUILDING
NEIGHBORHOOD: SHOPPING CENTER
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1978
Heating
YES
Cooling
Yes
Stories
1
Buildings
1
Lot
0.94 ac
Current owner
From public records · entity-resolved
1100 Rarig Ave LLC
Entity
Mailing address
9510 PERSIMMON TREE RD, POTOMAC, MD 20854-4330
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 9, 2023
$1,800,000
1100 Rarig Ave LLC
Lang Masonry Real Estate LLC
Limited Warranty Deed
—
Jun 30, 2021
—
Lang Masonry Real Estate LLC
—
Deed
related
$1,041,250 · City National Bank
Apr 13, 2021
$1,225,000
Lang Masonry Real Estate LLC
F J & S Investments
Warranty Deed
—
Jan 2, 2008
—
Fj Investments
Polis,stephen L
Quit Claim Deed
related
—
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
