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    Property profile & analytics

    1325 Dublin Granville Rd Columbus, OH 43229

    • Banks
    • 6,126 SF
    • 1.07 lot acres
    For Sale
    View listing
    $1,750,000
    Last Sale
    Jun 04, 2020
    $350,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US66-1415253
    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

    • ATM / Atm

    Property Details for 1325 Dublin Granville Rd

    Year built
    1971
    Lot size
    1.07 lot acres
    Property size
    6,126 SF
    Property type
    Banks
    APN
    010-008926
    APU
    10008926

    Description

    This exceptional 6,126 square foot former Chase Bank building presents a unique redevelopment opportunity. Situated on a highly desirable 1.065-acre corner lot at the southwest intersection of East Dublin Granville Road (SR 161) and Satinwood Drive in Columbus, Ohio, this property boasts a prime location between I-71 and Karl Road, ensuring excellent visibility and accessibility. The building, constructed in 1971, features three drive-thru bays, ample parking (25 spaces with two access drives), and a finished basement with restrooms and multiple rooms. A bank vault remains on the first level. The property is zoned AR-O Apartment Office District, offering flexibility for various redevelopment projects. With an average daily traffic count exceeding 35,000 vehicles on East Dublin Granville Road, this location offers significant exposure to a large customer base. The asking price is $1,750,000 ($285.67 per square foot). A financial deed restriction is in place, expiring June 1, 2025. The property is currently vacant and available for occupancy September 9, 2024. The APN is 010-008926-00. This is an ideal investment for those seeking a high-visibility location with significant redevelopment potential in a thriving retail and residential area.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Columbus
    County
    Franklin
    State
    Ohio
    Longitude
    -82.9817
    Latitude
    40.0868
    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
    $20,070
    $81,200
    $169,960
    $251,160
    -
    $232,000
    $485,600
    $717,600

    Comparable in this City

    • Value Estimation by Request
      0.21 Acres

      Morse Rd

      FINANCIAL BUILDING • 0.21 Acres
      Morse Rd, Columbus, OH 43229
      View Details
    • Value Estimation by Request
      6,677 SF

      1200 Morse Rd

      FINANCIAL BUILDING • 6,677 SF
      1200 Morse Rd, Columbus, OH 43229-6338
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    • Value Estimation by Request
      3,998 SF

      4660 Karl Rd

      FINANCIAL BUILDING • 3,998 SF
      4660 Karl Rd, Columbus, OH 43229-6432
      View Details
    • Value Estimation by Request
      3,893 SF

      2340 Dublin Granville Rd

      FINANCIAL BUILDING • 3,893 SF
      2340 Dublin Granville Rd, Columbus, OH 43229-3507
      View Details
    • Value Estimation by Request
      0.07 Acres

      1200 Morse Rd

      FINANCIAL BUILDING • 0.07 Acres
      1200 Morse Rd, Columbus, OH 43229-6338
      View Details
    • Value Estimation by Request
      0.05 Acres

      Granville Rd

      FINANCIAL BUILDING • 0.05 Acres
      Granville Rd, Columbus, OH 43229
      View Details

    Similar Nearby for Sale

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      Prime Columbus Retail Redevelopment

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    Similar Nearby for Lease

    • $1,350 /Mo
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      Renovated Office & Retail Suites

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      Retail Space in High-Traffic Center

      Retail space for lease in a high-traffic strip center.
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      Retail Space Near I-71

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    • $275 SF/Yr
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      Renovated Office & Retail Suites

      Versatile suites in a renovated four-story commercial building.
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      Retail Space on Morse Road

      Retail space available in a densely populated area.
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    • $815 /Mo
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      Renovated Office & Retail Suites

      Flexible office and retail suites available for lease.
      1110 Morse Rd, Columbus, OH 43229
      View Details
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    1325 Dublin Granville Rd
    Columbus, OH 43229
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    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
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