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    Property profile & analytics

    1621 1st Ave Grandview, OH 43212-3393

    • Office buildings
    • 5,376 SF
    • 0.26 lot acres
    OFF-MARKET
    Value Estimation
    $415,000
    Last Sale
    Feb 10, 2022
    Location Intelligence
    Property ID
    US66-0845576
    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

    • Office buildings

    Property Details for 1621 1st Ave

    Year built
    1960
    Lot size
    0.26 lot acres
    Property size
    5,376 SF
    Property type
    Office buildings
    APN
    030-000277
    APU
    30000277

    Description

    This exceptional 5,376 square foot office building in Columbus, Ohio's desirable Grandview Heights neighborhood presents a unique leasing opportunity. Located at 1621 W 1st Ave, this single-story, 1960-built structure sits on a 0.25-acre lot and is zoned C-1 Limited Commercial District (APN: 030-000277-00). The property offers flexible lease terms, accommodating tenants seeking either the entire building or a minimum of 1,500 contiguous square feet. Currently, the entire 5,376 square feet is vacant and ready for immediate occupancy. The building features a mix of open space, private offices, a conference room, and private bathrooms. A significant advantage is the inclusion of a large basement area, ideal for storage or common space, at no additional cost. Ample free parking is available on-site. All utilities, landlord insurance, real estate taxes, maintenance, and parking are included in the listed rate. The property enjoys convenient access to major freeways, Grandview Yard, and Downtown Columbus. Some existing office furniture may be available. This is a rare opportunity to secure a fully-equipped, well-located office space in a thriving community.

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $405,000

    • CAP approach

      CAP return
      Estimation
      6%
      $475,000
      6.5%
      $515,000
      7%
      $435,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $450,000
      Geo Method
      $440,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $475,000
      Retail
      $570,000
      Mixed-Use
      $440,000
      Hospitality
      $450,000
      Educational
      $490,000
      Residential Income
      $445,000
      Energy
      $460,000
      Income-Based Land
      $485,000
      Food Service
      $455,000

    Location Insight

    • Map
    • Local Demand
    City
    Grandview
    County
    Franklin
    State
    Ohio
    Longitude
    -83.0485
    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
    $18,320
    $78,750
    $137,620
    $216,370
    -
    $225,000
    $393,200
    $618,200

    Comparable in this City

    • Value Estimation by Request
      134,124 SF

      1st Ave

      OFFICE BUILDING (MULTI-STORY) • 134,124 SF
      1st Ave, Columbus, OH 43212
      View Details
    • Value Estimation by Request
      365,440 SF

      1000 Yard St

      OFFICE BUILDING (MULTI-STORY) • 365,440 SF
      1000 Yard St, Columbus, OH 43212-3905
      View Details
    • Value Estimation
      $265,000
      0.14 Acres

      3rd Ave

      OFFICE BUILDING (MULTI-STORY) • 0.14 Acres
      3rd Ave, Columbus, OH 43212
      View Details
    • Value Estimation by Request
      5,250 SF

      1523 Chesapeake Ave

      OFFICE BUILDING • 5,250 SF
      1523 Chesapeake Ave, Columbus, OH 43212-2179
      View Details
    • Value Estimation
      $630,000
      10,450 SF

      1550 5th Ave

      OFFICE BUILDING • 10,450 SF
      1550 5th Ave, Columbus, OH 43212-2495
      View Details
    • Value Estimation
      $375,000
      2,360 SF

      1943 5th Ave

      OFFICE BUILDING • 2,360 SF
      1943 5th Ave, Marble Cliff, OH 43212-1902
      View Details

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    1621 1st Ave
    Grandview, OH 43212-3393
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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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