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    Property profile & analytics

    1530 Lockbourne Rd Columbus, OH 43207

    • Outlet malls
    • 9,360 SF
    • 1.03 lot acres
    OFF-MARKET
    Last Sale
    Jul 27, 2023
    $1,811,000
    Value Estimations
    $1,785,000
    Show details
    Cap Rate Potential
    5.8%
    Outlet malls
    Location Intelligence
    Property ID
    US66-0773079
    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

    • Dollar General / Discount Store

    Property Details for 1530 Lockbourne Rd

    Year built
    2022
    Lot size
    1.03 lot acres
    Property size
    9,360 SF
    Property type
    Outlet malls
    APN
    010-000559
    APU
    10000559

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $1,865,000
      ML approach
      $1,945,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $1,815,000
      6.5%
      $1,675,000
      7%
      $1,555,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $1,615,000
      Market price range: $484k - $1.62M
      AI Estimate
      $1,115,000
      Market price range: $369k - $1.12M

    • Alternative Use

      Use
      Estimation
      RESTAURANT
      $2,135,000
      AUTO REPAIR, GARAGE
      $1,485,000
      APARTMENT HOUSE (5+ UNITS)
      $1,355,000
      OFFICE BUILDING
      $1,335,000
      MEDICAL BUILDING
      $1,265,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Columbus
    County
    Franklin
    State
    Ohio
    Longitude
    -82.9637
    Latitude
    39.9342
    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
    $30,484
    $78,820
    $336,420
    $415,240
    -
    $225,200
    $961,200
    $1,186,400

    Comparable in this City

    • Value Estimation
      $9,715,000
      122,654 SF

      3579 High St

      WHOLESALE OUTLET, DISCOUNT STORE • 122,654 SF
      3579 High St, Columbus, OH 43207-4008
      View Details
    • Value Estimation by Request
      0.01 Acres

      592 Sheldon Ave

      WHOLESALE OUTLET, DISCOUNT STORE • 0.01 Acres
      592 Sheldon Ave, Columbus, OH 43207-1350
      View Details
    • Value Estimation
      $7,685,000
      49,006 SF

      4250 Alum Crk Dr

      WHOLESALE OUTLET, DISCOUNT STORE • 49,006 SF
      4250 Alum Crk Dr, Columbus, OH 43207-4517
      View Details
    • Value Estimation
      $11,405,000
      139,568 SF

      3891 High St

      WHOLESALE OUTLET, DISCOUNT STORE • 139,568 SF
      3891 High St, Columbus, OH 43207
      View Details
    • Value Estimation
      $875,000
      14,160 SF

      1776 High St

      WHOLESALE OUTLET, DISCOUNT STORE • 14,160 SF
      1776 High St, Columbus, OH 43207-1866
      View Details
    • Value Estimation by Request
      1,214 SF

      4250 Alum Crk Dr

      WHOLESALE OUTLET, DISCOUNT STORE • 1,214 SF
      4250 Alum Crk Dr, Columbus, OH 43207-4517
      View Details

    Similar Nearby for Sale

    • $774,900
      650,000 SF

      Prime Columbus Retail Opportunity

      High-Volume Laundromat, 650,000 SF
      2056 Lockbourne Rd, Columbus, OH 43207
      View Details
    • $150,000
      649 SF

      Historical Building Near Downtown

      Affordable real estate opportunity in a desirable, growing area.
      1725 Parsons Ave, Columbus, OH 43207
      View Details
    • Contact for pricing
      6,761 SF

      Retail Building on 4 Acres

      6,761 SF retail building on a 4.05-acre parcel.
      3201 S High St, Columbus, OH 43207
      View Details
    • Contact for pricing
      17,896 SF

      High-Visibility Retail Opportunity

      Divisible retail space with parking, near downtown Columbus.
      2140 S High St, Columbus, OH 43207
      View Details
    • $1,690,000
      14,160 SF

      High Street Retail Opportunity

      Columbus Mixed-Use Investment
      1752-1776 High St, Columbus, OH 43207
      View Details
    • $179,000
      880 SF

      Revitalized Retail Space on Parsons

      Renovated retail space in a dynamic, growing Columbus corridor.
      1536 Parsons Ave, Columbus, OH 43207
      View Details

    Similar Nearby for Lease

    • $14 SF/Yr
      1,921 SF

      South High Street Retail Space

      Prime Retail Space Available Now
      3386-3396 High St, Columbus, OH 43207
      View Details
    • Contact for pricing
      2,351 SF

      Restaurant Space on High Street

      Restaurant space for lease in high-traffic Columbus retail corridor.
      3444 South High St, Columbus, OH 43207
      View Details
    • Contact for pricing
      1,396 SF

      Prime Retail Space Near OSU

      Retail space in the heart of Ohio State's off-campus district.
      2020 North High St, Columbus, OH 43207
      View Details
    • $8 SF/Yr
      311,913 SF

      Great Southern Office & Retail Space

      Columbus, OH prime retail location. Multiple suites available.
      3735 High St, Columbus, OH 43207
      View Details
    • $12 SF/Yr
      307,774 SF

      High Street Office Suite 35C

      Columbus Office Space - Move-In Ready
      3862 High St, Columbus, OH 43207
      View Details
    • Contact for pricing
      3,180 SF

      Retail Space with High Visibility

      Retail space available with excellent visibility and co-tenants.
      3479-3483 S High St, Columbus, OH 43207
      View Details
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    1530 Lockbourne Rd
    Columbus, OH 43207
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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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