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    Property profile & analytics

    1503-1505 Alum Creek Dr Columbus, OH 43209

    • Warehouses
    • 11,712 SF
    • 0.97 lot acres
    For Sale
    View listing
    $1,485,000
    Value Estimation
    Location Intelligence
    Property ID
    US66-2032175
    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

    • Warehouses

    Property Details for 1503-1505 Alum Creek Dr

    Year built
    1967
    Lot size
    0.97 lot acres
    Property size
    11,712 SF
    Property type
    Warehouses
    APN
    010-237789
    APU
    10237789

    Description

    This Columbus, Ohio industrial property offers a compelling investment opportunity. The 11,712 square foot building, situated on a 0.97-acre lot at 1503-1505 Alum Creek Dr (APN 010-237789-00), is currently 100% occupied. The property features a single-story, Class C building constructed in 1967 with permitted M zoning. It boasts two loading docks, a new truck dock and doors, and a new drive-in door, enhancing its functionality. The clear height ranges from 8 to 15 feet, and the building is equipped with three-phase 208/400 amp electrical service. The property is conveniently located with easy access to I-70 and other major transportation routes. The asking price is $1,485,000, representing a 6.80% cap rate. The property is currently under a NNN lease, with Unit 1503 (2,000 sq ft) leased until May 2025, and Unit 1505 (9,600 sq ft) available for an owner-user. This presents a unique opportunity for both investors and owner-occupiers seeking a well-located, improved industrial space in a thriving market. The property is a single-tenant building in Franklin County, Ohio, with a zip code of 43209.

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Columbus
    County
    Franklin
    State
    Ohio
    Longitude
    -82.9443
    Latitude
    39.9413
    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
    $9,135
    $15,330
    $109,730
    $125,060
    -
    $43,800
    $313,500
    $357,300

    Comparable in this City

    • Value Estimation
      $1,530,000
      15,760 SF

      1660 Alum Crk Dr

      WAREHOUSE, STORAGE • 15,760 SF
      1660 Alum Crk Dr, Columbus, OH 43209-2714
      View Details
    • Value Estimation by Request
      7,700 SF

      1561 Alum Crk Dr

      WAREHOUSE, STORAGE • 7,700 SF
      1561 Alum Crk Dr, Columbus, OH 43209-2712
      View Details
    • Value Estimation by Request
      2,866 SF

      1030 Alum Crk Dr, Unit 1100

      MINI-WAREHOUSE, STORAGE • 2,866 SF
      1030 Alum Crk Dr, Columbus, OH 43209-2701
      View Details
    • Value Estimation
      $6,835,000
      3.29 Acres

      1280 Alum Crk Dr, Unit 1300

      WAREHOUSE, STORAGE • 3.29 Acres
      1280 Alum Crk Dr, Columbus, OH 43209-2703
      View Details
    • Value Estimation by Request
      5,100 SF

      2800 Delmar Dr

      MINI-WAREHOUSE, STORAGE • 5,100 SF
      2800 Delmar Dr, Bexley, OH 43209-1107
      View Details
    • Value Estimation
      $270,000
      8,800 SF

      2001 Integrity S Dr

      WAREHOUSE, STORAGE • 8,800 SF
      2001 Integrity S Dr, Columbus, OH 43209-2729
      View Details

    Similar Nearby for Sale

    • $1,485,000
      11,712 SF

      Columbus Industrial Investment Opportunity

      11,712 SF Warehouse, 6.8% Cap Rate
      1503-1505 Alum Creek Dr, Columbus, OH 43209
      View Details
    • Contact for pricing
      51,920 SF

      Columbus Warehouse with Manufacturing Zoning

      13,000 SF office warehouse with 17' ceilings for sale.
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      11,712 SF

      Industrial Building Near I-70

      11,712 SF industrial building with flexible ownership or tenancy options.
      1503-1505 Alum Creek Dr, Columbus, OH 43209
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    • $314,950
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    Similar Nearby for Lease

    • Contact for pricing
      14,400 SF

      Columbus Warehouse with Loading Docks

      14,400 SF warehouse with loading docks and drive-in doors.
      7200 Alum Creek Dr, Columbus, OH 43209
      View Details
    • $14 SF/Yr
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      Office Suites Near Rickenbacker Airport

      Office suites available for lease near Rickenbacker Airport.
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      Bexley Centre Retail Space Available

      Columbus retail center, 3,632 sq ft, ample parking.
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    • $1,400,000
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      Retail Space on W Broad

      9,180 SF retail space on major retail corridor.
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    • $159,000
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      Mixed-Use Property on W Broad

      Mixed-use property with excellent visibility and unfurnished apartment.
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    • $24 SF/Yr
      3,643 SF

      Bexley Gateway Office Space

      Well-appointed office space in mixed-use development, free parking.
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      View Details
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    Columbus, OH 43209
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    Realmo Value Estimation

    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.

    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.

    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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