Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    1201 Johnston Rd Columbus, OH 43220
    Back to Search
    Property profile & analytics

    1201 Johnston Rd, Columbus, OH 43220

    View on Map
    • Assisted living facilities
    • 102,069 SF
    • 4.21 lot acres
    Off-Market
    Last Sale Apr 5, 2022
    Property ID
    US66-4073556
    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.
    Value Estimations
    $1,885,000
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Assisted living facilities

    Property Details for 1201 Johnston Rd

    Year built
    2005
    Construction
    WOOD
    Lot size
    4.21 lot acres
    Property type
    Assisted living facilities
    Property subtype
    Retirement homes
    APN
    025-011231
    APU
    25011231

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Apr 5, 2022 — Nhi Reit Of Dsl Propco II LLC Nhi Reit Of Next House LLC Limited Warranty Deed —
    Dec 31, 2013 $23,750,000 Nhi-reit Of Next House LLC Gahanna Retirement Residence L Grant Deed —
    Sep 18, 2003 $874,900 M H Murphy Development Co Mann,lynn D Grant Deed —
    Sep 18, 2003 $871,400 Gahanna Retirement Residence Mann,lynn D Grant Deed —
    Sep 18, 2003 — Gahanna City (oh) Mann,lynn D Grant Deed · related —
    — — Gahanna Retirement Residence — Deed Of Trust · related $10k · Wells Fargo Bank

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Columbus
    County
    Franklin
    State
    Ohio
    Longitude
    -82.8537
    Latitude
    40.0502
    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
    $314,745
    $463,820
    $3,330,780
    $3,794,600
    -
    $1,325,200
    $9,516,500
    $10,841,700

    Comparable in this City

    • Value Estimation by Request
      23,249 SF

      1320 Old Henderson Rd

      HOMES (RETIRED, NURSING)
      1320 Old Henderson Rd, Columbus, OH 43220-3608
      View Details
    • Value Estimation
      $630,000
      23,249 SF

      1320 Old Henderson Rd

      HOMES (RETIRED, NURSING)
      1320 Old Henderson Rd, Columbus, OH 43220-3608
      View Details
    • Value Estimation
      $1,160,000
      26,241 SF

      3000 Bethel Rd

      HOMES (RETIRED, NURSING)
      3000 Bethel Rd, Columbus, OH 43220-2262
      View Details
    • Value Estimation
      $1,280,000
      18,052 SF

      1630 Professional Plz

      HOMES (RETIRED, NURSING)
      1630 Professional Plz, Upper Arlington, OH 43220-3853
      View Details
    • Value Estimation
      $3,745,000
      46,866 SF

      1605 Professional Plz

      HOMES (RETIRED, NURSING)
      1605 Professional Plz, Upper Arlington, OH 43220-3866
      View Details
    • Value Estimation
      $630,000
      5,020 SF

      4900 Gettysburg Rd

      MEDICAL BUILDING
      4900 Gettysburg Rd, Columbus, OH 43220-2520
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      31,512 SF

      Multi-Tenant Office Property For Sale

      Two-story office building in Upper Arlington with executive suites.
      4100 Horizons Dr, Columbus, OH 43220
      View Details
    • $445,000
      1,982 SF

      All Brick Ranch Multi-Family Property

      Multi-family property in central Columbus with updated units.
      4714-4716 Arthur Ct, Columbus, OH 43220
      View Details
    • Contact for pricing

      Renovated Office Suites Near Hospital

      Flexible office spaces ideal for medical, dental, or professional offices.
      4900 Reed Rd, Columbus, OH 43220
      View Details
    • Contact for pricing
      5,814 SF

      Class A Office Space

      Class A office space available on the entire 2nd floor.
      5005 Horizons Dr, Upper Arlington, OH 43220
      View Details
    • Contact for pricing
      31,512 SF

      Medical Office Building For Sale

      Fully leased medical office building in Upper Arlington, Columbus, Ohio.
      4100 Horizons Dr, Columbus, OH 43220
      View Details

    Similar Nearby for Lease

    • $1,200 /Mo
      2,265 SF

      Turnkey Medical Office Suites

      Move-in-ready professional suites with all-inclusive pricing, on-site laundry, and in-suite sink and vanity for client-focused practices.
      4602 Sawmill Rd, Columbus, OH 43220
      View Details
    • $14 SF/Yr
      2,834 SF

      Multi-Entrance Medical Office Suite

      Flexible office layout with separate access and finished lower level supports multi-use medical or wellness operations.
      1918 Bethel Rd, Columbus, OH 43220
      View Details
    • $1,200 /Mo
      2,265 SF

      Luxury Spa Suites For Lease

      Upscale spa suites available for beauty and wellness professionals.
      Columbus, OH 43220
      View Details
    • Contact for pricing

      Retail and Office Space Available

      Retail and office suites available in Upper Arlington submarket.
      5025 Arlington Centre Blvd, Columbus, OH 43220
      View Details
    • Contact for pricing
      2,275 SF

      Updated Office Space For Rent

      Office space available in Upper Arlington with recent updates.
      5025 Arlington Centre Blvd, Upper Arlington, OH 43220
      View Details
    • Contact for pricing
      12,061 SF

      Class A Office Building

      Free-standing Class A office building in Upper Arlington for lease.
      5009 Horizons Dr, Columbus, OH 43220
      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.
    1201 Johnston Rd
    Columbus, OH 43220
    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

    Thank You for Inquiry
    1201 Johnston Rd, Columbus, OH, 43220
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!