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    1800 Georgesville Square Dr Columbus, OH 43228
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    Property profile & analytics

    1800 Georgesville Square Dr, Columbus, OH 43228

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    • Theaters & concert halls
    • 63,524 SF
    • 13.59 lot acres
    For Sale
    $799,900
    View Listing →
    Prime Commercial Land on I-270 For Sale
    $799,900
    4.32 Acres

    Prime Commercial Land on I-270

    Vacant commercial lots with high visibility and frontage on I-270.

    1800 Georgesville Square Drive, Columbus, OH 43228
    View Listing
    Property ID
    US66-1418355
    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
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Moto Boutique / Motorcycle Shop
    • Auto Boutique / Car Dealership

    Property Details for 1800 Georgesville Square Dr

    Year built
    1997
    Lot size
    13.59 lot acres
    Property type
    Theaters & concert halls
    APN
    010-249650
    APU
    10249650

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Jul 10, 2023 — Auto Boutique Limited — Deed · related $6.7M · First Commonwealth Bank
    Oct 6, 2020 — Auto Boutique Ltd — Deed · related $2M · Buckeye St Bk
    Sep 2, 2020 $132,600 Pudami Ventures LLC Rice Finance Georgesville LLC Grant Deed —
    Apr 27, 2020 $45,000 Rice Finance Georgesville LLC Prime Property LP Washington Grant Deed —
    Jan 21, 2020 $2,300,000 Auto Boutique Ltd Realty Income Corp Grant Deed —
    Oct 26, 2017 — Georgesville Station Station L — Grant Deed · related $17.9M · Miscellaneous Ins Co
    Oct 31, 2002 $7,250,000 Realty Income Corp Tpx Columbus LP Grant Deed —
    — — Auto Boutique Ltd — Deed Of Trust · related $2M · Buckeye St Bk

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $2,375,000
      ML approach
      $2,900,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Columbus
    County
    Franklin
    State
    Ohio
    Longitude
    -83.1158
    Latitude
    39.9176
    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
    $58,842
    $621,710
    $183,820
    $805,530
    -
    $1,776,300
    $525,200
    $2,301,500

    Comparable in this City

    • Value Estimation
      $715,000
      36,325 SF

      500 Georgesville Rd

      BOWLING ALLEY
      500 Georgesville Rd, Columbus, OH 43228-2421
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    • Value Estimation by Request
      7,500 SF

      1900 Wilson Rd

      GOLF COURSE
      1900 Wilson Rd, Columbus, OH 43228-9606
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      5.78 Acres

      3843-3849 Fisher Rd

      Land
      3843-3849 Fisher Rd, Columbus, OH 43228
      View Details
    • Value Estimation by Request
      0.20 Acres

      Palmetto St

      OFFICE BUILDING
      Palmetto St, Columbus, OH 43228
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    • Value Estimation by Request
      0.17 Acres

      Palmetto St

      OFFICE BUILDING
      Palmetto St, Columbus, OH 43228
      View Details
    • Value Estimation by Request
      0.99 Acres

      4200 Perimeter Dr

      TRUCK TERMINAL (MOTOR FREIGHT)
      4200 Perimeter Dr, Columbus, OH 43228-1036
      View Details

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      191,689 SF

      West70 Logistics Center Availability

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    View Listing
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    Columbus, OH 43228
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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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    1800 Georgesville Square Dr, Columbus, OH, 43228
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