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

    150 Taylor Station Rd Columbus, OH 43213

    • Office buildings
    • 76,020 SF
    • 43.84 lot acres
    For Lease
    View listing
    Last Sale
    Jan 11, 2024
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US66-2727489
    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

    • Mount Carmel Medical Park / Medical Center
    • ClinOhio Research Services / Research Institute
    • Jennifer Giersch, MD / Family Practice Physician / Doctor
    • William Ryan Walker, MD / Family Practice Physician / Doctor
    • James Klein MD, FCCP / Doctor / Pulmonologist

    Property Details for 150 Taylor Station Rd

    Year built
    2006
    Lot size
    43.84 lot acres
    Property size
    76,020 SF
    Property type
    Office buildings
    APN
    520-269047
    APU
    520269047

    Description

    This Class A, three-story medical office building, totaling 71,930 square feet, is situated at 150 Taylor Station Rd, Columbus, OH 43213, in the East submarket of Franklin County. Built in 2006, the property offers multiple tenancy options with suites ranging from 1,292 to 9,992 contiguous square feet. Currently, 19,972 square feet of space is available for lease. The building boasts a total of seven suites and a generous parking ratio of 5.0 spaces per 1,000 square feet. Its prime location offers excellent accessibility and convenience, being immediately adjacent to the Mt. Carmel East Hospital campus, near I-270 and E. Broad St. The existing tenant mix includes a variety of medical specialties, creating a synergistic environment. This property presents a unique opportunity for medical professionals seeking high-quality, well-located office space in a thriving medical community. The building's modern design and ample parking ensure a comfortable and efficient experience for both tenants and their patients. The strategic location provides easy access for patients and staff alike, enhancing the overall appeal and functionality of this exceptional medical office building. This is an excellent opportunity to establish or expand your medical practice in a highly desirable location.

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $15,615,000
      6.5%
      $14,415,000
      7%
      $13,385,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $14,767,000
      Market price range: $5.92M - $14.8M
      AI Estimate
      $16,693,000
      Market price range: $3.11M - $16.7M

    • Alternative Use

      Use
      Estimation
      OFFICE BUILDING
      $10,395,000
      Current use
      RESTAURANT
      $17,335,000
      Change: +67% Conversion: Moderate
      AUTO REPAIR, GARAGE
      $12,055,000
      Change: +16% Conversion: Difficult
      APARTMENT HOUSE (5+ UNITS)
      $11,020,000
      Change: +6% Conversion: Easy
      MEDICAL BUILDING
      $10,265,000
      Change: -1% Conversion: Easy

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

    Location Insight

    • Map
    • Local Demand
    City
    Columbus
    County
    Franklin
    State
    Ohio
    Longitude
    -82.8411
    Latitude
    39.9817
    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
    $1,233,617
    $2,800,000
    $14,520,350
    $17,320,350
    -
    $8,000,000
    $41,486,700
    $49,486,700

    Comparable in this City

    • Value Estimation
      $13,315,000
      67,526 SF

      99 Brice Rd

      OFFICE BUILDING (MULTI-STORY) • 67,526 SF
      99 Brice Rd, Columbus, OH 43213-6510
      View Details
    • Value Estimation
      $550,000
      6,456 SF

      4185 Main St

      OFFICE BUILDING • 6,456 SF
      4185 Main St, Columbus, OH 43213-2972
      View Details
    • Value Estimation by Request
      1,192 SF

      251 Hamilton Rd

      OFFICE BUILDING • 1,192 SF
      251 Hamilton Rd, Columbus, OH 43213-2025
      View Details
    • Value Estimation by Request
      840 SF

      165 Hamilton Rd

      OFFICE BUILDING • 840 SF
      165 Hamilton Rd, Columbus, OH 43213-2023
      View Details
    • Value Estimation by Request
      7,504 SF

      223-227 Fairway Blvd

      OFFICE BUILDING • 7,504 SF
      223-227 Fairway Blvd, Whitehall, OH 43213
      View Details
    • Value Estimation
      $1,130,000
      5,606 SF

      4214 Broad St, Unit 4220

      OFFICE BUILDING • 5,606 SF
      4214 Broad St, Columbus, OH 43213-1216
      View Details

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      Office Building Near Medical Campus

      71,930 SF office building adjacent to Mount Carmel East.
      150 Taylor Station Rd, Columbus, OH 43213
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    150 Taylor Station Rd
    Columbus, OH 43213
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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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