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    Property profile & analytics

    1500 Hl N Rd Pickerington, OH 43147

    • Retail space
    • 11,536 SF
    • 2.00 lot acres
    OFF-MARKET
    Value Estimations
    $965,000
    Show details
    Cap Rate Potential
    9.2%
    Retail space
    Location Intelligence
    Property ID
    US66-2106989
    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

    • Retail space

    Property Details for 1500 Hl N Rd

    Year built
    1998
    Construction
    STEEL FRAME
    Lot size
    2.00 lot acres
    Property size
    11,536 SF
    Property type
    Retail space
    APN
    041-02427.40
    APU
    410242740

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $740,000
      6.5%
      $685,000
      7%
      $635,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $1,112,000
      Market price range: $295k - $1.45M

    • Alternative Use

      Use
      Estimation
      RETAIL STORES
      $1,305,000
      Current use
      AUTO REPAIR, GARAGE
      $1,285,000
      Change: -1% Conversion: Difficult
      COMMERCIAL (GENERAL)
      $1,210,000
      Change: -7% Conversion: Easy

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

    Location Insight

    • Map
    • Local Demand
    City
    Pickerington
    County
    Fairfield
    State
    Ohio
    Longitude
    -82.7827
    Latitude
    39.9195
    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
    $55,872
    $218,400
    $249,150
    $467,550
    -
    $624,000
    $711,860
    $1,335,860

    Comparable in this City

    • Value Estimation by Request
      1,664 SF

      697 Hl N Rd

      RETAIL STORES (PERSONAL SERVICES) • 1,664 SF
      697 Hl N Rd, Pickerington, OH 43147-9340
      View Details
    • Value Estimation
      $695,000
      6,329 SF

      10700 Blacklick Eastern Rd

      RETAIL STORES (PERSONAL SERVICES) • 6,329 SF
      10700 Blacklick Eastern Rd, Pickerington, OH 43147-9264
      View Details
    • Value Estimation by Request
      4,608 SF

      59 Church St

      RETAIL STORES (PERSONAL SERVICES) • 4,608 SF
      59 Church St, Pickerington, OH 43147-1116
      View Details
    • Value Estimation
      $775,000
      2,200 SF

      14 Columbus St

      RETAIL STORES (PERSONAL SERVICES) • 2,200 SF
      14 Columbus St, Pickerington, OH 43147-1380
      View Details
    • Value Estimation
      $745,000
      8,032 SF

      176 Clint Dr

      RETAIL STORES (PERSONAL SERVICES) • 8,032 SF
      176 Clint Dr, Pickerington, OH 43147-7994
      View Details
    • Value Estimation
      $820,000
      8,871 SF

      1301 Hl N Rd

      RETAIL STORES (PERSONAL SERVICES) • 8,871 SF
      1301 Hl N Rd, Pickerington, OH 43147-9214
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Downtown Pickerington Office/Retail Space

      Two-story office/retail space in the heart of Downtown Pickerington.
      21 W Columbus St, Pickerington, OH 43147
      View Details
    • Contact for pricing
      5,772 SF

      Pickerington Automotive Services Building For Sale

      5,772 SF automotive services building with new ten-year lease.
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    • $2,329,000
      1.27 Acres

      Blacklick-Eastern Rd

      Retail properties & Spaces • 1.27 Acres
      0 Blacklick-Eastern Rd, Pickerington, OH 43147
      View Details
    • Contact for pricing
      51.77 Acres

      Pickerington Commercial Land - 51 Acres

      High-traffic, divisible commercial land near OhioHealth.
      1240 Refugee Rd, Pickerington, OH 43147
      View Details
    • $5,500,000
      49,600 SF

      Pickerington Hotel Investment Opportunity

      68-Key Hotel, Newly Renovated, High Demand
      1899 Winderly Ln, Pickerington, OH 43147
      View Details
    • $230,000
      1.40 Acres

      Pickerington Commercial Land - $230K

      1.4-acre C-3 zoned commercial lot. Prime location.
      0 Windmiller Dr, Pickerington, OH 43147
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      12,685 SF

      Restaurant Opportunity in Pickerington Retail

      Second generation restaurant space in a high-traffic retail corridor.
      10701 Blacklick Eastern Rd, Pickerington, OH 43147
      View Details
    • Contact for pricing
      1,398 SF

      Retail Space Available For Lease

      Retail units for lease in well-maintained shopping center.
      380-556 Hill Rd N, Pickerington, OH 43147
      View Details
    • Contact for pricing
      23,640 SF

      Retail Opportunity in Growing Area

      Retail spaces available in a high-growth mixed-use development.
      8865 Diley Rd NW, Pickerington, OH 43147
      View Details
    • Contact for pricing
      5,100 SF

      Pickerington Retail Restaurant Opportunity

      Second-generation restaurant space available in Pickerington's main retail corridor.
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      View Details
    • Contact for pricing
      2,800 SF

      Pickerington Office Space - Drive-Thru Potential

      Prime Office Space, 2800 sq ft, High Visibility
      990 Old Diley Rd, Pickerington, OH 43147
      View Details
    • $4,500 /Mo
      3,510 SF

      Pickerington Office/Medical Building For Lease

      Two-story building for lease in a busy, developing area.
      9 Hill Rd N, Pickerington, OH 43147
      View Details
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    Pickerington, OH 43147
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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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