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    Property profile & analytics

    1399 Stimmel Rd Columbus, OH 43223-2949

    • Warehouses
    • 12,000 SF
    • 15.91 lot acres
    OFF-MARKET
    Value Estimations
    $800,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US66-2463410
    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

    • Kirk Excavating & Construction, Inc. / Construction Company / General Contractor

    Property Details for 1399 Stimmel Rd

    Year built
    1984
    Lot size
    15.91 lot acres
    Property size
    12,000 SF
    Property type
    Warehouses
    APN
    570-191407
    APU
    570191407

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $960,000
      6.5%
      $885,000
      7%
      $825,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $717,000
      Market price range: $344k - $809k

    • Alternative Use

      Use
      Estimation
      WAREHOUSE, STORAGE
      $1,020,000
      Current use
      NEIGHBORHOOD: SHOPPING CENTER
      $1,295,000
      Change: +27% Conversion: Moderate
      RETAIL STORES
      $1,290,000
      Change: +26% Conversion: Moderate
      AUTO REPAIR, GARAGE
      $1,145,000
      Change: +13% Conversion: Easy

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

    Location Insight

    • Map
    • Local Demand
    City
    Columbus
    County
    Franklin
    State
    Ohio
    Longitude
    -83.0308
    Latitude
    39.9312
    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
    $13,861
    $86,420
    $136,010
    $222,430
    -
    $246,900
    $388,600
    $635,500

    Comparable in this City

    • Value Estimation by Request
      0.01 Acres

      450 Greenlawn Ave

      WAREHOUSE, STORAGE • 0.01 Acres
      450 Greenlawn Ave, Columbus, OH 43223-2611
      View Details
    • Value Estimation
      $655,000
      9,120 SF

      1400 Harmon Ave

      WAREHOUSE, STORAGE • 9,120 SF
      1400 Harmon Ave, Columbus, OH 43223-3308
      View Details
    • Value Estimation by Request
      2,334 SF

      1660 Peabody Ave

      MINI-WAREHOUSE, STORAGE • 2,334 SF
      1660 Peabody Ave, Columbus, OH 43223-3636
      View Details
    • Value Estimation by Request
      4,080 SF

      1348 Stimmel Rd

      MINI-WAREHOUSE, STORAGE • 4,080 SF
      1348 Stimmel Rd, Columbus, OH 43223-2917
      View Details
    • Value Estimation
      $710,000
      8,640 SF

      1300 Little Ave

      MINI-WAREHOUSE, STORAGE • 8,640 SF
      1300 Little Ave, Columbus, OH 43223-3013
      View Details
    • Value Estimation by Request
      0.11 Acres

      Ww Park Ave

      MINI-WAREHOUSE, STORAGE • 0.11 Acres
      Ww Park Ave, Columbus, OH 43223
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      18,444 SF

      Columbus Industrial Warehouse on Jackson

      18,444 SF industrial warehouse on 3.25 acres in Columbus.
      1945 Jackson Rd, Columbus, OH 43223
      View Details
    • Contact for pricing
      18,900 SF

      Columbus Cross-Dock With Outdoor Storage

      18,900 SF Columbus cross-dock facility with outdoor storage.
      1028-1030 Frank Rd, Columbus, OH 43223
      View Details
    • Contact for pricing

      Office/Warehouse with Secure Outdoor Storage

      5,700 SF office/warehouse on 0.67 acres with fenced lot.
      1005-1025 Stimmel Rd, Columbus, OH 43223
      View Details
    • Contact for pricing

      West Mound Street Flex Space

      Flex space suitable for various business types near downtown Columbus.
      1516 West Mound St, Columbus, OH 43223
      View Details
    • $1,495,000

      Columbus Industrial Warehouse on 3.25 Acres

      18,444 SF industrial warehouse with convenient highway access.
      1945 Jackson Rd, Columbus, OH 43223
      View Details
    • $190,000
      Pending

      Columbus Multifamily Property For Sale

      Multifamily property in Columbus, OH with tax abatement.
      345 Dakota Ave, Columbus, OH 43223
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Versatile Flex Space for Rent

      1,200 SF unit with office and warehouse space available.
      1520 Harmon Ave, Columbus, OH 43223
      View Details
    • $7 SF/Yr
      7,422 SF

      Columbus Commercial Building For Lease

      Free-standing commercial building for lease at $6.50/sqft NNN As Is.
      1082 W Mound St, Columbus, OH 43223
      View Details
    • Contact for pricing
      3,500 SF

      Retail Space Near Interstate 70

      Retail space with high visibility and traffic count.
      612-690 Harrisburg Pike, Columbus, OH 43223
      View Details
    • Contact for pricing
      1,482 SF

      Retail Space in Southwest Square

      Open strip center with frontage on Harrisburg Pike and Eakin Road.
      2117-2177 Eakin Rd, Columbus, OH 43223
      View Details
    • Contact for pricing

      Commercial Land on Harrisburg Pike

      0.88 acre commercial land for rent in retail corridor.
      1470 Harrisburg Pike, Columbus, OH 43223
      View Details
    • Contact for pricing

      Largest Infill Land Parcel

      291+ acres near I-270 with potential tax abatement.
      800 Frank Rd, Columbus, OH 43223
      View Details
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    1399 Stimmel Rd
    Columbus, OH 43223-2949
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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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