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

    1111 Rush Ave Bellefontaine, OH 43311-9488

    • Office buildings
    • 2,226 SF
    • 0.99 lot acres
    OFF-MARKET
    Last Sale
    Mar 31, 2021
    $825,000
    Value Estimations
    $830,000
    Show details
    Cap Rate Potential
    3.3%
    Office buildings
    Location Intelligence
    Property ID
    US66-5039786
    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

    • Joshua M. Stolly - Business & Real Estate Attorney / Attorney
    • Bodin John D / Attorney
    • Stolly Terrence G / Attorney
    • Macdonald Jr Robert B / Attorney
    • Moell Christopher / Attorney

    Property Details for 1111 Rush Ave

    Year built
    1995
    Lot size
    0.99 lot acres
    Property size
    2,226 SF
    Property type
    Office buildings
    APN
    17-078-17-02-007-000
    APU
    170781702007000

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $890,000
      ML approach
      $785,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Bellefontaine
    County
    Logan
    State
    Ohio
    Longitude
    -83.7539
    Latitude
    40.3748
    CBSA code
    13340
    CBSA name
    BELLEFONTAINE, OH MICROPOLITAN 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
    $11,890
    $19,210
    $220,500
    $239,710
    -
    $54,880
    $629,990
    $684,870

    Comparable in this City

    • Value Estimation by Request
      0.36 Acres

      217 Columbus Ave

      OFFICE BUILDING • 0.36 Acres
      217 Columbus Ave, Bellefontaine, OH 43311
      View Details
    • Value Estimation by Request
      0.92 Acres

      Dowell

      OFFICE BUILDING • 0.92 Acres
      Dowell, Bellefontaine, OH 43311
      View Details
    • Value Estimation by Request
      1,716 SF

      111 Madriver St

      OFFICE BUILDING • 1,716 SF
      111 Madriver St, Bellefontaine, OH 43311-2040
      View Details
    • Value Estimation by Request
      1,288 SF

      1046 Main St

      OFFICE BUILDING • 1,288 SF
      1046 Main St, Bellefontaine, OH 43311-2313
      View Details
    • Value Estimation
      $880,000
      6,213 SF

      1600 Main St

      OFFICE BUILDING • 6,213 SF
      1600 Main St, Bellefontaine, OH 43311-1508
      View Details
    • Value Estimation by Request
      1,422 SF

      500 Main St

      OFFICE BUILDING • 1,422 SF
      500 Main St, Bellefontaine, OH 43311-1724
      View Details

    Similar Nearby for Sale

    • $1,500,000
      19,000 SF

      Historic Canby Building in Downtown

      Landmark building with retail and office potential in Bellefontaine.
      144 S Main St, Bellefontaine, OH 43311
      View Details
    • $699,900

      Main Street Bellefontaine Land

      Prime Commercial Land, High Traffic
      333 Main St, Bellefontaine, OH 43311
      View Details
    • $1,400,000
      2,568 SF

      Bellefontaine Commercial Opportunity on Main

      Prime commercial property in Bellefontaine's business district with high visibility.
      1433 S Main St, Bellefontaine, OH 43311
      View Details
    • $225,000

      Bellefontaine Commercial Land Opportunity

      18.61 Acres, Zoned B-1, $225,000
      1143 County Road 130, Bellefontaine, OH 43311
      View Details
    • $1,275,000
      20,350 SF

      Bellefontaine Storage Depot For Sale

      16,350 SF self-storage and 4,000 SF office space.
      Bellefontaine, OH 43311
      View Details
    • $214,900

      5 Wooded Acres in Bellefontaine

      Prime Logan County land, ready to build!
      133 County Road 25, Bellefontaine, OH 43311
      View Details

    Similar Nearby for Lease

    • $1,400 /Mo
      798 SF

      Historic Downtown Commercial Space Available

      Renovated commercial space in historic downtown Bellefontaine, Ohio.
      118 W Chillicothe Ave, Bellefontaine, OH 43311
      View Details
    • $1,250 /Mo
      400 SF

      Furnished Office Suite in Bellefontaine

      Furnished office suite with utilities included and rooftop access.
      139 W Columbus Ave Unit, Bellefontaine, OH 43311
      View Details
    • $400 /Mo
      25 SF

      Furnished Office Space Available

      Furnished office space with utilities included in Bellefontaine, Ohio.
      139 Fl Dedicated Desk, Bellefontaine, OH 43311
      View Details
    • $900 /Mo
      200 SF

      Furnished Office Suite in Bellefontaine

      Furnished office suite with utilities and shared amenities included.
      139 W Columbus Ave Unit, Bellefontaine, OH 43311
      View Details
    • $600 /Mo
      100 SF

      Customizable Office Suite in Bellefontaine

      Customizable office suite with amenities in Bellefontaine, Ohio.
      139 W Columbus Ave Unit, Bellefontaine, OH 43311
      View Details
    • $1,250 /Mo
      369 SF

      Downtown Bellefontaine Opera Suites

      Serviced offices with amenities in historic downtown Bellefontaine.
      116 E Ct Ave Unit, Bellefontaine, OH 43311
      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.
    1111 Rush Ave
    Bellefontaine, OH 43311-9488
    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.