Add Listing
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

    1211 Parsons Ave Columbus, OH 43206-3535

    • Warehouses
    • 13,960 SF
    • 0.38 lot acres
    OFF-MARKET
    Value Estimations
    $1,170,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US66-1549038
    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

    • Trailer Hitches at U-Haul / Auto Parts Store
    • Truck Sales at U-Haul / Car Dealership
    • Propane Refill at U-Haul / Fuel Supplier / Moving And Storage Service
    • Moving Supplies at U-Haul / Big Box & Wholesale Store
    • U-Haul Moving & Storage at Parsons Ave / Storage Facility

    Property Details for 1211 Parsons Ave

    Year built
    1949
    Construction
    WOOD
    Lot size
    0.38 lot acres
    Property size
    13,960 SF
    Property type
    Warehouses
    Property subtype
    Self storage facilities
    APN
    010-009587
    APU
    10009587

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $1,317,000
      Market price range: $569k - $1.96M
      AI Estimate
      $819,000
      Market price range: $333k - $1.08M

    • Alternative Use

      Use
      Estimation
      WAREHOUSE, STORAGE
      $1,185,000
      Current use
      MEDICAL BUILDING
      $1,885,000
      Change: +59% Conversion: Difficult
      NEIGHBORHOOD: SHOPPING CENTER
      $1,510,000
      Change: +27% Conversion: Moderate
      RETAIL STORES
      $1,500,000
      Change: +26% Conversion: Moderate

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

    Location Insight

    • Map
    • Local Demand
    City
    Columbus
    County
    Franklin
    State
    Ohio
    Longitude
    -82.9837
    Latitude
    39.9387
    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
    $11,623
    $22,050
    $137,060
    $159,110
    -
    $63,000
    $391,600
    $454,600

    Comparable in this City

    • Value Estimation
      $1,165,000
      13,803 SF

      1182 Frnt St

      MINI-WAREHOUSE, STORAGE • 13,803 SF
      1182 Frnt St, Columbus, OH 43206-3436
      View Details
    • Value Estimation by Request
      3,180 SF

      1152 Frnt St

      MINI-WAREHOUSE, STORAGE • 3,180 SF
      1152 Frnt St, Columbus, OH 43206-3405
      View Details
    • Value Estimation
      $2,910,000
      33,183 SF

      66-68 Whittier St

      MINI-WAREHOUSE, STORAGE • 33,183 SF
      66-68 Whittier St, Columbus, OH 43206
      View Details
    • Value Estimation by Request
      1,568 SF

      1108 Sycamore St

      MINI-WAREHOUSE, STORAGE • 1,568 SF
      1108 Sycamore St, Columbus, OH 43206-1687
      View Details
    • Value Estimation by Request
      3,660 SF

      1257 Parsons Ave, Unit 1263

      MINI-WAREHOUSE, STORAGE • 3,660 SF
      1257 Parsons Ave, Columbus, OH 43206-3639
      View Details
    • Value Estimation
      $2,535,000
      25,407 SF

      666 Parsons Ave

      MINI-WAREHOUSE, STORAGE • 25,407 SF
      666 Parsons Ave, Columbus, OH 43206
      View Details

    Similar Nearby for Sale

    • $965,000
      8,802 SF

      Versatile Industrial Building with Outdoor Storage

      8,802 SF building with office, warehouse, and covered storage.
      1251 Fairwood Ave, Columbus, OH 43206
      View Details
    • $997,997

      German Village Apartment Building

      Columbus, OH Multifamily Investment Opportunity
      601 City Park Ave, Columbus, OH 43206
      View Details
    • $1,500,000

      464 South Ln

      Multifamily properties
      464 South Ln, Columbus, OH 43206
      View Details
    • $570,000

      German Village Duplex Investment

      Historic Charm, Prime Location, Two Units
      94 Nursery Ln, Columbus, OH 43206
      View Details
    • $749,900

      South Columbus Duplex Investment

      Turnkey Duplex, 100% Occupancy
      887-891 22Nd St, Columbus, OH 43206
      View Details
    • $589,900
      4,269 SF

      High Street Historic Building

      Columbus Brewery District gem, 4,269 SF.
      955 High St, Columbus, OH 43206
      View Details

    Similar Nearby for Lease

    • $8 SF/Yr
      33,984 SF

      Columbus Industrial Space For Sale/Lease

      Versatile Manufacturing/Warehouse Space in Merion Village
      47 Gates St, Columbus, OH 43206
      View Details
    • $10 SF/Yr

      Versatile Space in Marion Village

      5,000 SF of flexible space in a prime location.
      1225 S Front St, Columbus, OH 43206
      View Details
    • $239,000
      1,397 SF

      Commercial Garage Near Nationwide Children's

      Commercial garage suitable for light industrial and automotive uses.
      616 E Whittier St, Columbus, OH 43206
      View Details
    • Contact for pricing

      Brewery District Retail Space Available

      Freestanding retail building in Brewery District with parking.
      871 S High St, Columbus, OH 43206
      View Details
    • Contact for pricing
      4,074 SF

      German Village Restaurant/Bar Space

      Full-service restaurant/bar with patio in German Village.
      525 S 4Th St, Columbus, OH 43206
      View Details
    • $8 SF/Yr

      Merion Village Industrial Space Available

      Versatile industrial space with courtyard, heavy electric, and ample parking.
      47 W Gates St, Columbus, OH 43206
      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.
    1211 Parsons Ave
    Columbus, OH 43206-3535
    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.
    Sign Up Successful!
    You now have access to more from Realmo!