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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    1723 Old Leonard Ave Columbus, OH 43219-2511

    • Office buildings
    • 1,936 SF
    • 0.11 lot acres
    OFF-MARKET
    Value Estimations
    $335,000
    Show details
    Cap Rate Potential
    7.9%
    Office buildings
    Location Intelligence
    Property ID
    US66-1636091
    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

    • Cap City Restoration / Masonry Contractor / Roofing Supply Store

    Property Details for 1723 Old Leonard Ave

    Year built
    1957
    Construction
    WOOD
    Lot size
    0.11 lot acres
    Property size
    1,936 SF
    Property type
    Office buildings
    APN
    010-023453
    APU
    10023453

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $300,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $400,000
      6.5%
      $365,000
      7%
      $340,000

    • Alternative Use

      Use
      Estimation
      OFFICE BUILDING
      $275,000
      Current use
      COMMERCIAL (GENERAL)
      $355,000
      Change: +29% Conversion: Easy
      AUTO REPAIR, GARAGE
      $305,000
      Change: +11% Conversion: Difficult
      MEDICAL BUILDING
      $260,000
      Change: -5% Conversion: Easy

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

    Location Insight

    • Map
    • Local Demand
    City
    Columbus
    County
    Franklin
    State
    Ohio
    Longitude
    -82.9581
    Latitude
    39.9836
    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
    $2,051
    $1,790
    $26,290
    $28,080
    -
    $5,100
    $75,100
    $80,200

    Comparable in this City

    • Value Estimation
      $890,000
      140,065 SF

      2 Easton Oval

      OFFICE BUILDING (MULTI-STORY) • 140,065 SF
      2 Easton Oval, Columbus, OH 43219-6036
      View Details
    • Value Estimation by Request
      202,956 SF

      3100 Easton Sq Pl

      OFFICE BUILDING (MULTI-STORY) • 202,956 SF
      3100 Easton Sq Pl, Columbus, OH 43219-6289
      View Details
    • Value Estimation
      $1,745,000
      7,607 SF

      2280 Citygate Dr

      OFFICE BUILDING • 7,607 SF
      2280 Citygate Dr, Columbus, OH 43219-3588
      View Details
    • Value Estimation
      $4,605,000
      33,453 SF

      2256 Citygate Dr

      OFFICE BUILDING • 33,453 SF
      2256 Citygate Dr, Columbus, OH 43219-3662
      View Details
    • Value Estimation
      $250,000
      2,888 SF

      1084 Brentnell Ave

      OFFICE BUILDING • 2,888 SF
      1084 Brentnell Ave, Columbus, OH 43219-2147
      View Details
    • Value Estimation
      $545,000
      9,040 SF

      883 Cassady Ave

      OFFICE BUILDING • 9,040 SF
      883 Cassady Ave, Columbus, OH 43219-2203
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      56,818 SF

      Easton Area Class A+ Office

      Two-story office building in Easton area, furniture negotiable.
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    • Contact for pricing
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      Easton Town Center Office Building

      Class A Office, 91,249 SF, Columbus
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    • $950,000
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      Columbus Industrial Building For Sale

      Stand-alone industrial building near downtown Columbus with new 5-year lease.
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    • $3,200,000
      7,967 SF

      Buffalo Wild Wings Ground Lease

      Single-tenant retail property in the Easton Shopping Corridor.
      3969 Morse Xing, Columbus, OH 43219
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    • $257,000

      Land Near Easton Town Center

      Land available near shopping, parks, and Columbus Airport.
      2423 Stelzer Rd, Columbus, OH 43219
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    • $505,000

      Land on Stelzer and Agler

      1.62 acres of commercial land in Columbus, Ohio.
      3662 Agler Rd, Columbus, OH 43219
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    Similar Nearby for Lease

    • $18 SF/Yr
      8,061 SF

      Class A Office Space Available

      Four-story office building near airport and Easton Town Center.
      2780 Airport Dr, Columbus, OH 43219
      View Details
    • $21 SF/Yr
      28,195 SF

      Regus Easton Office Space

      Prime Easton location; flexible office solutions.
      4449 Easton Way, Columbus, OH 43219
      View Details
    • $9 SF/Yr
      44,000 SF

      Columbus Office/Warehouse Space Available

      Office and warehouse space in the airport/east submarket for lease.
      3000-3004 E 14Th Ave, Columbus, OH 43219
      View Details
    • $10 SF/Yr
      150,000 SF

      Citygate Commerce Center: Columbus, OH

      Class A Flex Space, Columbus, Ohio
      2120-2240 Citygate Dr, Columbus, OH 43219
      View Details
    • $12 SF/Yr
      41,000 SF

      Columbus Medical Office Building

      Modern medical office space available.
      3100 Plaza Properties Blvd, Columbus, OH 43219
      View Details
    • $16 SF/Yr
      6,665 SF

      Columbus Office Space For Lease

      Office space available for lease in Columbus, Ohio.
      2 Easton Oval, Columbus, OH 43219
      View Details
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    1723 Old Leonard Ave
    Columbus, OH 43219-2511
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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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