Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    1299 Olentangy Riv Rd Columbus, OH 43212-3118
    Back to Search
    Property profile & analytics

    1299 Olentangy Riv Rd, Columbus, OH 43212-3118

    View on Map
    • Hotels
    • 2,410 SF
    • 3.07 lot acres
    Off-Market
    Property ID
    US66-1493555
    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
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Home Dialysis of Columbus / Medical Clinic
    • Cap City Fine Diner and Bar / Restaurant
    • Tracy Mann, MS / Physician
    • Jennifer L. Smith, CNS / Physician
    • Dale Svendsen / Physician

    Property Details for 1299 Olentangy Riv Rd

    Year built
    1960
    Lot size
    3.07 lot acres
    Property type
    Hotels
    APN
    010-062377
    APU
    10062377

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Oct 17, 2018 — Cap City Hotels LLC — Grant Deed · related $30M · Heartland Bk
    Dec 12, 2016 — Cameron Mitchell Restaurants L — Loan Modification · related $65.7M · Fortress Cr
    Jan 30, 2015 — Cap City Hotels LLC 5b Hotels LLC Grant Deed —
    Mar 4, 2014 $757,000 5b Hotels LLC Cap City Hotels LLC Grant Deed —
    Nov 6, 2013 $975,000 5b Hotels LLC Cap City Hotels LLC Grant Deed —
    Sep 13, 2013 $3,900,000 Cap City Hotels LLC 1299 Olentangy LLC Warranty Deed —
    Sep 24, 1998 $2,850,000 1299 Olentangy LLC Bowman,edward W Grant Deed —
    — — Graces Bend LLC — Deed Of Trust · related $600k · Citizens Bkng
    — — Cameron Mitchell Restaurants L — Deed Of Trust · related $35M · Fortress Cr
    — — Riverview Hotel LLC — Deed Of Trust · related $3.1M · Heartland Bk W

    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
    -83.0255
    Latitude
    39.9864
    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
    $343,780
    $298,700
    $4,407,520
    $4,706,220
    -
    $853,400
    $12,592,900
    $13,446,300

    Comparable in this City

    • Value Estimation by Request
      78,750 SF

      1421 Olentangy Riv Rd

      HOTEL
      1421 Olentangy Riv Rd, Columbus, OH 43212-1449
      View Details
    • Value Estimation
      $5,950,000
      79,115 SF

      900 Goodale Blvd

      HOTEL
      900 Goodale Blvd, Columbus, OH 43212
      View Details
    • Value Estimation
      $5,945,000
      77,363 SF

      780 Yard St

      HOTEL
      780 Yard St, Columbus, OH 43212-3876
      View Details
    • Value Estimation
      $1,145,000
      17,400 SF

      1475 Olentangy Riv Rd

      MOTEL
      1475 Olentangy Riv Rd, Columbus, OH 43212
      View Details
    • Value Estimation by Request
      0.04 Acres

      1050 Yard St

      VACANT COMMERCIAL LAND
      1050 Yard St, Columbus, OH 43212-3905
      View Details
    • Value Estimation by Request
      0.11 Acres

      1522 Hess St

      PARKING LOT
      1522 Hess St, Columbus, OH 43212-2642
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Grandview Duplex with Development Potential

      Duplex in Grandview with income and development opportunities.
      1561 Glenn Ave, Columbus, OH 43212
      View Details
    • Contact for pricing
      38,490 SF

      Luxury Multifamily Community in Columbus

      32-unit apartment community in a desirable Columbus neighborhood.
      1753 Drayton Park Ct, Columbus, OH 43212
      View Details
    • $1,200,000
      7,744 SF

      Two-Story Office Building on Corner Lot

      7,744 SF office building ideal for owner-user or investment.
      1580 King Ave, Columbus, OH 43212
      View Details
    • Contact for pricing
      4,900 SF

      New Mixed-Use Project in Grandview

      Three-story mixed-use project in Grandview Heights, one block from Grandview Avenue.
      1572-1588 W 1St Ave, Columbus, OH 43212
      View Details
    • Contact for pricing
      10,450 SF

      Grandview Office Building For Sale

      Two-story office building with ample parking in prime location.
      1550 W 5Th Ave, Columbus, OH 43212
      View Details
    • Contact for pricing
      10,454 SF

      Multifamily Townhouse for Sale

      Multifamily townhouse property with 10,454 square feet available for sale.
      1126 Northwest Blvd, Columbus, OH 43212
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Office/Warehouse/Lab Space Near Downtown

      19,942 SF flex space near Grandview Yard.
      Grandview Heights, OH 43212
      View Details
    • $29 SF/Yr

      Retail Space in Mixed-Use Development

      Retail space available in new mixed-use development near OSU.
      1352-1364 Norton Ave, Columbus, OH 43212
      View Details
    • $9 SF/Yr

      Versatile Industrial/Flex Building For Lease

      15,762 SF industrial/flex building with updated office/retail space.
      1150 Chesapeake Ave, Columbus, OH 43212
      View Details
    • Contact for pricing
      3,291 SF

      Retail Space in Mixed-Use Project

      Retail spaces available in new mixed-use development, delivery Spring/Summer 2025.
      1350 W 5Th Ave, Columbus, OH 43212
      View Details
    • Contact for pricing
      8,200 SF

      Columbus Freestanding Building For Lease

      8,200 SF building near Grandview Yard, suitable for various uses.
      1385-1387 Goodale Blvd, Columbus, OH 43212
      View Details
    • $32 SF/Yr

      Restaurant-Retail Space in Redevelopment Project

      Restaurant-retail space available in a mixed-use development with downtown views.
      Goodale Blvd, Columbus, OH 43212
      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.
    1299 Olentangy Riv Rd
    Columbus, OH 43212-3118
    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
    1299 Olentangy Riv Rd, Columbus, OH, 43212
    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!