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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    1399 Ohlen Ave Columbus, OH 43211-2639

    • Warehouses
    • 6,000 SF
    • 0.26 lot acres
    OFF-MARKET
    Last Sale
    Sep 10, 2021
    Value Estimations
    $295,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US66-1093211
    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

    • S.A. Comunale Co., Inc. / Fire Protection Service / Fire Alarm Supplier

    Property Details for 1399 Ohlen Ave

    Year built
    1973
    Construction
    WOOD
    Lot size
    0.26 lot acres
    Property size
    6,000 SF
    Property type
    Warehouses
    Property subtype
    Self storage facilities
    APN
    010-031616
    APU
    10031616

    Description

    This 6,000-square-foot flex warehouse building is situated on a 0.26-acre lot at 1399 Ohlen Avenue in Columbus, Ohio, zip code 43211. The property features a single-tenant occupancy and is zoned M - Manufacturing, offering versatility for various business needs. The building boasts an 11-foot ceiling height, providing ample vertical space for storage or operations. Convenient access is provided by one drive-in door. Its strategic location offers excellent highway access to I-71, I-670, and US-23, ensuring efficient transportation and logistics. The property's annual taxes are $0.99 per square foot. This well-maintained building presents a compelling opportunity for businesses seeking a functional and conveniently located industrial space just north of Downtown Columbus. The property is ready for immediate occupancy. The single building on the site offers a streamlined and efficient layout. This is a rare opportunity to acquire a well-positioned flex space in a thriving area of Columbus.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $265,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $331,000
      Market price range: $210k - $479k

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

    Location Insight

    • Map
    • Local Demand
    City
    Columbus
    County
    Franklin
    State
    Ohio
    Longitude
    -82.9909
    Latitude
    39.9927
    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
    $5,969
    $7,710
    $74,000
    $81,710
    -
    $22,000
    $211,400
    $233,400

    Comparable in this City

    • Value Estimation
      $280,000
      0.12 Acres

      Hudson St

      MINI-WAREHOUSE, STORAGE • 0.12 Acres
      Hudson St, Columbus, OH 43211
      View Details
    • Value Estimation
      $325,000
      8,850 SF

      800 12th Ave

      MINI-WAREHOUSE, STORAGE • 8,850 SF
      800 12th Ave, Columbus, OH 43211-2616
      View Details
    • Value Estimation
      $225,000
      1,120 SF

      1383 Oxford St

      MINI-WAREHOUSE, STORAGE • 1,120 SF
      1383 Oxford St, Columbus, OH 43211-2641
      View Details
    • Value Estimation
      $290,000
      6,970 SF

      537 Bonham Ave

      MINI-WAREHOUSE, STORAGE • 6,970 SF
      537 Bonham Ave, Columbus, OH 43211-2619
      View Details
    • Value Estimation
      $185,000
      4,500 SF

      1391 Flds Ave

      MINI-WAREHOUSE, STORAGE • 4,500 SF
      1391 Flds Ave, Columbus, OH 43211-2634
      View Details
    • Value Estimation
      $350,000
      11,385 SF

      1362 Essex Ave

      MINI-WAREHOUSE, STORAGE • 11,385 SF
      1362 Essex Ave, Columbus, OH 43211-2632
      View Details

    Similar Nearby for Sale

    • $1,600,000
      12,120 SF

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      Columbus Land: Build Your Dream Home

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    Similar Nearby for Lease

    • $13 SF/Yr
      2,712 SF

      Functional Warehouse Space Near I-71

      Well-maintained warehouse with loading doors, storage, and I-71 access.
      1359 Essex Ave, Columbus, OH 43211
      View Details
    • $13,000 /Mo

      Paved Parking Lot For Rent

      3-acre paved, fenced parking lot near I-71 and I-270.
      Westerville Rd, Columbus, OH 43211
      View Details
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    1399 Ohlen Ave
    Columbus, OH 43211-2639
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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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