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    Property profile & analytics

    1375 Cherry Way Dr Columbus, OH 43230

    • Office buildings
    • 13,680 SF
    • 2.39 lot acres
    For Lease
    View listing
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US66-2033110
    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

    • Judy Roh Jose, DDS / Dental Office
    • Endodontic Associates Joel G. Jose DDS and Judy Roh Jose DDS / Dental Office
    • Dr. Jeff Kover, DDS / Dental Office
    • Siren Beauty Bar / Hair Salon / Nail Salon
    • Marger Richard S MD / Physician

    Property Details for 1375 Cherry Way Dr

    Year built
    1997
    Lot size
    2.39 lot acres
    Property size
    13,680 SF
    Property type
    Office buildings
    APN
    025-010027
    APU
    25010027

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $1,809,000
      Market price range: $920k - $3.08M
      AI Estimate
      $1,197,000
      Market price range: $670k - $1.96M

    • Alternative Use

      Use
      Estimation
      OFFICE BUILDING
      $1,845,000
      Current use
      AUTO REPAIR, GARAGE
      $2,170,000
      Change: +18% Conversion: Difficult
      APARTMENT HOUSE (5+ UNITS)
      $1,985,000
      Change: +8% Conversion: Easy
      MEDICAL BUILDING
      $1,845,000
      Change: +0% Conversion: Easy
      NEIGHBORHOOD: SHOPPING CENTER
      $1,480,000
      Change: -20% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Gahanna
    County
    Franklin
    State
    Ohio
    Longitude
    -82.8883
    Latitude
    40.0551
    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
    $45,826
    $243,570
    $308,910
    $552,480
    -
    $695,900
    $882,600
    $1,578,500

    Comparable in this City

    • Value Estimation by Request
      0.05 Acres

      675 Brk Holw

      OFFICE BUILDING • 0.05 Acres
      675 Brk Holw, Gahanna, OH 43230-6259
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    • Value Estimation
      $7,120,000
      54,338 SF

      800 Tech Ctr Dr

      OFFICE BUILDING • 54,338 SF
      800 Tech Ctr Dr, Gahanna, OH 43230-6605
      View Details
    • Value Estimation by Request
      1,912 SF

      136 Stygler Rd

      OFFICE BUILDING • 1,912 SF
      136 Stygler Rd, Columbus, OH 43230-2440
      View Details
    • Value Estimation by Request
      2,112 SF

      142 High St

      OFFICE BUILDING • 2,112 SF
      142 High St, Gahanna, OH 43230-3032
      View Details
    • Value Estimation
      $3,795,000
      40,323 SF

      540 Officenter Pl

      OFFICE BUILDING • 40,323 SF
      540 Officenter Pl, Gahanna, OH 43230-5317
      View Details
    • Value Estimation
      $1,950,000
      13,576 SF

      4270 Morse Rd

      OFFICE BUILDING • 13,576 SF
      4270 Morse Rd, Columbus, OH 43230-1523
      View Details

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      Gahanna Office/Warehouse Unit For Sale

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    Similar Nearby for Lease

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      14,400 SF

      Gahanna Office Building For Lease

      Professional or medical office space available in Gahanna, Ohio.
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    • $14 SF/Yr
      2,600 SF

      Office Suites For Lease

      Office suites available for lease in visible location.
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      View Details
    • $15 SF/Yr
      30,571 SF

      Taylor Crossing: Prime Columbus Space

      Versatile Industrial/Office Suites Available
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      View Details
    • $11 SF/Yr
      1,857 SF

      Gahanna Office Space Available

      Office space for sublease in amenity-rich Gahanna location.
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      View Details
    • $30 SF/Yr
      1,233 SF

      Retail or Office/Medical Space

      Single-story building with shell space, retail or office/medical potential.
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      View Details
    • Sponsored
      Contact for pricing

      OH, Gahanna - Morse Rd

      Discover many ways to work your way in San Antonio Airport
      4285 Morse Rd, Gahanna, OH 43230
      View Details
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    1375 Cherry Way Dr
    Columbus, OH 43230
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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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