Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    1660 Universal Rd Columbus, OH 43207-1733
    Back to Search
    Property profile & analytics

    1660 Universal Rd Columbus, OH 43207-1733

    View on Map
    • Industrial properties
    • 816 SF
    • 2.58 lot acres
    Off-Market
    Last Sale Oct 25, 2024
    $1,026,000
    Property ID
    US66-1628559
    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.
    Value Estimations
    $1,025,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Steeltree Construction / Hardware & Home Improvement / Interior Design

    Property Details for 1660 Universal Rd

    Year built
    1979
    Construction
    WOOD
    Lot size
    2.58 lot acres
    Property size
    816 SF
    Zone code
    1660
    Property type
    Industrial properties
    APN
    010-116019
    APU
    10116019

    Description

    This single-tenant industrial property at 1660 Universal Road, Franklin County, offers 4,000 square feet of space, ideal for distribution or warehousing needs. The building, constructed in 1979, features a 3,200 square foot heated warehouse and an 800 square foot office area. Two 10' x 14' drive-in doors provide convenient pull-through access for efficient loading and unloading. The property sits on approximately 2.57 acres of land, offering ample outdoor storage space. Zoned M for industrial use, this location provides convenient access to local freeways, ensuring streamlined transportation and logistics. The property's single-story design and functional layout make it a highly efficient space for various industrial operations. The address is 1660 Universal Road, situated near the intersection of Progress Avenue and Universal Road, with the APN 010-116019. This property presents a compelling opportunity for businesses seeking a well-located, functional industrial space. The property's size and features make it suitable for a variety of industrial uses. Its convenient freeway access is a significant advantage for businesses requiring efficient transportation links.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $1,025,000
      ML approach
      $1,025,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Columbus
    County
    Franklin
    State
    Ohio
    Longitude
    -82.9485
    Latitude
    39.9256
    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
    $5,919
    $36,160
    $44,870
    $81,030
    -
    $103,300
    $128,200
    $231,500

    Comparable in this City

    • Value Estimation
      $1,570,000
      61,161 SF

      Universal

      INDUSTRIAL (GENERAL) • 61,161 SF
      Universal, Columbus, OH 43207
      View Details
    • Value Estimation
      $515,000
      7,671 SF

      648 Buckeye Park Rd

      INDUSTRIAL (GENERAL) • 7,671 SF
      648 Buckeye Park Rd, Columbus, OH 43207
      View Details
    • Value Estimation by Request
      1,262 SF

      Performance Way

      INDUSTRIAL (GENERAL) • 1,262 SF
      Performance Way, Columbus, OH 43207
      View Details
    • Value Estimation by Request
      1.00 Acres

      Obetz Rd

      INDUSTRIAL (GENERAL) • 1.00 Acres
      Obetz Rd, Columbus, OH 43207
      View Details
    • Value Estimation
      $675,000
      5,500 SF

      2155 Alum Crk Dr

      INDUSTRIAL (GENERAL) • 5,500 SF
      2155 Alum Crk Dr, Columbus, OH 43207-2280
      View Details
    • Value Estimation by Request
      472,448 SF

      600-740 Marion Rd

      Flex space • 472,448 SF
      600-740 Marion Rd, Columbus, OH 43207
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      High Street Retail/Flex/Office Building

      Renovated 9,450 SF retail/flex/office building available late summer.
      1776 S High St, Columbus, OH 43207
      View Details
    • Contact for pricing
      599,040 SF

      Spacious Warehouse and Distribution Facility

      Large industrial building with docks and drive-in doors for lease.
      2255 Parsons Ave, Columbus, OH 43207
      View Details
    • Contact for pricing

      Office/Warehouse Space with Truck Parking

      17,900 SF office/warehouse with potential for truck parking.
      2495 Creekway Dr, Columbus, OH 43207
      View Details
    • $9,995,000

      Columbus Manufacturing Warehouse with Rail Access

      240,000 SF multi-purpose warehouse with outside storage and highway access.
      521 Marion Rd, Columbus, OH 43207
      View Details
    • Contact for pricing

      Versatile Building in Growing Community

      Office, warehouse, and turnkey brewery spaces available in revitalized Steelton Village.
      2025 S High St, Columbus, OH 43207
      View Details
    • Contact for pricing
      1,100 SF

      Garage on Industrial Lot

      1,100 SF garage on 0.49 acre lot.
      Llewellyn Ave, Columbus, OH 43207
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      19,764 SF

      Columbus Warehouse: 19,764 SF

      Prime Columbus warehouse, 19,764 sq ft.
      1663 Watkins Rd, Columbus, OH 43207
      View Details
    • Contact for pricing
      87,641 SF

      Columbus Industrial Distribution Center Space

      Industrial space for lease in Columbus distribution center.
      1695 Williams Rd, Columbus, OH 43207
      View Details
    • Contact for pricing
      244,800 SF

      Columbus Industrial Portfolio Opportunity

      Three-building portfolio near I-270 and CSX intermodal yard.
      1580 Williams Rd, Columbus, OH 43207
      View Details
    • $9 SF/Yr
      7,500 SF

      Industrial Warehouse Near I-70

      7,500 SF industrial warehouse space near I-70 available for lease.
      2080-2090 Fairwood Ave, Columbus, OH 43207
      View Details
    • Contact for pricing

      Versatile Industrial Space with Storage

      7,037 SF industrial space with exterior storage and potential uses.
      2200 Lockbourne Rd, Columbus, OH 43207
      View Details
    • Contact for pricing

      Columbus Industrial Portfolio For Lease

      Three-building industrial portfolio available for lease near I-270.
      1590 Williams Rd, Columbus, OH 43207
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    1660 Universal Rd
    Columbus, OH 43207-1733
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    1660 Universal Rd, Columbus, OH, 43207
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!