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

    12170 Us Hwy 42nd N Plain City, OH 43064-9442

    • Retail space
    • 2,576 SF
    • 4.09 lot acres
    OFF-MARKET
    Last Sale
    Dec 23, 2024
    $1,321,500
    Value Estimations
    $1,320,000
    Show details
    Cap Rate Potential
    2.3%
    Retail space
    Location Intelligence
    Property ID
    US66-1235921
    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

    • Retail space

    Property Details for 12170 Us Hwy 42nd N

    Year built
    2002
    Construction
    FRAME
    Lot size
    4.09 lot acres
    Property size
    2,576 SF
    Property type
    Retail space
    APN
    14-0009012.0000
    APU
    1400090120000

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $1,320,000
      ML approach
      $1,320,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Plain City
    County
    Union
    State
    Ohio
    Longitude
    -83.2034
    Latitude
    40.1884
    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
    2022
    $7,285
    $10,370
    $35,750
    $46,120
    -
    $29,640
    $102,150
    $131,790

    Comparable in this City

    • Value Estimation
      $860,000
      8,050 SF

      7620 Industrial Pkwy

      RETAIL STORES (PERSONAL SERVICES) • 8,050 SF
      7620 Industrial Pkwy, Plain City, OH 43064-9468
      View Details
    • Value Estimation
      $540,000
      4,480 SF

      7425 Montgomery Rd

      RETAIL STORES (PERSONAL SERVICES) • 4,480 SF
      7425 Montgomery Rd, Plain City, OH 43064-8612
      View Details
    • Value Estimation
      $990,000
      3,600 SF

      7233 Industrial Pkwy

      RETAIL STORES (PERSONAL SERVICES) • 3,600 SF
      7233 Industrial Pkwy, Plain City, OH 43064-8728
      View Details
    • Value Estimation
      $575,000
      10,000 SF

      625 Main St

      RETAIL STORES (PERSONAL SERVICES) • 10,000 SF
      625 Main St, Plain City, OH 43064-1039
      View Details
    • Value Estimation
      $560,000
      14,000 SF

      625 Main St

      RETAIL STORES (PERSONAL SERVICES) • 14,000 SF
      625 Main St, Plain City, OH 43064-1039
      View Details
    • Value Estimation by Request
      3,016 SF

      214-216 Jefferson Ave

      RETAIL STORES (PERSONAL SERVICES) • 3,016 SF
      214-216 Jefferson Ave, Plain City, OH 43064
      View Details

    Similar Nearby for Sale

    • $215,000

      Prime Plain City Land Parcel

      Build Your Dream Home in Ohio
      0 Finley Guy Rd, London, OH 43064
      View Details
    • Contact for pricing

      Prime Plain City Mixed-Use Land

      13,939 sq ft, B3 Zoning, High Visibility
      146 Main St, Plain City, OH 43064
      View Details
    • $9,601,750

      Westerville Road Land Opportunity

      Approximately 11 acres available on Westerville Road.
      Weldon Rd, Plain City, OH 43064
      View Details
    • $1,200,000

      Prime 5-Acre Wooded Lot in Plain City

      Dublin Schools, Wooded Lot, AS-IS
      7379 Brock Rd, Plain City, OH 43064
      View Details
    • $184,055

      Prime Plain City Land - Build Your Dream Home

      Wooded lot in desirable Jerome Village; Dublin schools.
      10520 Red Fir Ct, Plain City, OH 43064
      View Details
    • $9,601,750
      38.41 Acres

      Prime Plain City Land Development

      38 Acres, Residential Zoning, High Potential
      0 Weldon Rd, Plain City, OH 43064
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      40,895 SF

      Retail Space Near Planned Residences

      Retail opportunity near Costco, Aldi, and planned residential developments.
      Weldon Rd, Plain City, OH 43064
      View Details
    • $24 SF/Yr
      40,000 SF

      Retail Space Available For Lease

      Divisible retail space available 10 months after lease signing.
      7693 Corporate Blvd, Plain City, OH 43064
      View Details
    • Contact for pricing
      9,000 SF

      Available Warehouse Space in Plain City

      9,000 SF warehouse space with ample parking.
      7637 Commerce Pl, Plain City, OH 43064
      View Details
    • Contact for pricing
      21,000 SF

      New Industrial Space Available

      New industrial warehouse space for lease, delivery Q1 2026.
      7685 Commerce Pl, Plain City, OH 43064
      View Details
    • $204 SF/Yr
      4,720 SF

      RISE Dublin: Office, Warehouse, Flex

      Plain City, OH: Flexible spaces available.
      7780 Corporate Blvd, Plain City, OH 43064
      View Details
    • Contact for pricing

      Mixed-Use Land Near Dublin Green

      10 acres of mixed-use land available for development.
      Post Rd, Plain City, OH 43064
      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.
    12170 Us Hwy 42nd N
    Plain City, OH 43064-9442
    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.