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

    1900 Brice Rd, Unit 1924 Reynoldsburg, OH 43068-3403

    • Outlet malls
    • 47,952 SF
    • 6.54 lot acres
    OFF-MARKET
    Last Sale
    May 31, 2024
    Value Estimations
    $2,085,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US66-2373445
    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

    • WCAP Bingo / Bingo Hall
    • Ameena Kemavor / Counselor
    • Tori Avina-Heinl / Marriage Or Relationship Counselor
    • WCAP Counseling / Counselor / Marriage Or Relationship Counselor

    Property Details for 1900 Brice Rd

    Year built
    1972
    Lot size
    6.54 lot acres
    Property size
    47,952 SF
    Property type
    Outlet malls
    APN
    060-002811
    APU
    60002811

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $1,520,000
      Market price range: $1.52M - $5.66M

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

    Location Insight

    • Map
    • Local Demand
    City
    Reynoldsburg
    County
    Franklin
    State
    Ohio
    Longitude
    -82.8282
    Latitude
    39.9411
    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
    $55,847
    $471,030
    $238,280
    $709,310
    -
    $1,345,800
    $680,800
    $2,026,600

    Comparable in this City

    • Value Estimation
      $5,450,000
      97,851 SF

      6300 Livingston Ave

      WHOLESALE OUTLET, DISCOUNT STORE • 97,851 SF
      6300 Livingston Ave, Reynoldsburg, OH 43068-2754
      View Details
    • Value Estimation
      $7,360,000
      45,620 SF

      2782 Taylor Rd Ext

      WHOLESALE OUTLET, DISCOUNT STORE • 45,620 SF
      2782 Taylor Rd Ext, Reynoldsburg, OH 43068-9554
      View Details
    • Value Estimation
      $3,345,000
      37,763 SF

      2686 Taylor Rd Ext

      WHOLESALE OUTLET, DISCOUNT STORE • 37,763 SF
      2686 Taylor Rd Ext, Reynoldsburg, OH 43068-9553
      View Details
    • Value Estimation by Request
      4,470 SF

      2783 Taylor Rd Ext

      WHOLESALE OUTLET, DISCOUNT STORE • 4,470 SF
      2783 Taylor Rd Ext, Reynoldsburg, OH 43068-9545
      View Details
    • Value Estimation
      $8,525,000
      105,620 SF

      6300 Tussing Rd

      WHOLESALE OUTLET, DISCOUNT STORE • 105,620 SF
      6300 Tussing Rd, Reynoldsburg, OH 43068-3983
      View Details
    • Value Estimation
      $16,495,000
      192,948 SF

      8000 Broad St

      WHOLESALE OUTLET, DISCOUNT STORE • 192,948 SF
      8000 Broad St, Reynoldsburg, OH 43068-8000
      View Details

    Similar Nearby for Sale

    • $1,700,000
      10,720 SF

      Free Standing Retail Building

      10,720 SF retail building on 1.64 acres.
      6445 East Main St, Reynoldsburg, OH 43068
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    • $850,000

      Turnkey Restaurant/Bar in Revitalizing Area

      Fully equipped restaurant/bar in a prime downtown location.
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    • $275,000
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      Redevelopment Opportunity Near Main Street

      Former car wash on 0.6382 acres, ready for redevelopment.
      1375 Hentz Dr, Reynoldsburg, OH 43068
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    • $1,900,000
      4,880 SF

      Retail Automotive Service Center

      4,880 SF retail automotive service center in Reynoldsburg, Ohio.
      1673 Brice Rd, Reynoldsburg, OH 43068
      View Details
    • $2,200,000
      4,880 SF

      Reynoldsburg Auto Shop Investment

      High-Return Auto Repair Center
      1673 Brice Rd, Reynoldsburg, OH 43068
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    • $1,200,000
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      Main Street Retail Opportunity

      Reynoldsburg Retail Building - High Visibility
      6800 Main St, Reynoldsburg, OH 43068
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    Similar Nearby for Lease

    • Contact for pricing
      42,840 SF

      Busiest Shopping Center Available

      High-traffic shopping center with strong demographics and excellent visibility.
      2829-2965 Taylor Rd, Reynoldsburg, OH 43068
      View Details
    • Contact for pricing
      2,140 SF

      Retail Space in Power Center

      Retail space available in a power center with strong traffic.
      7995-8173 E Broad St, Reynoldsburg, OH 43068
      View Details
    • $1.00 SF/Yr
      132,643 SF

      Reynoldsburg Shopping Center

      Prime Retail Space Available
      6962-7106 Main St, Reynoldsburg, OH 43068
      View Details
    • Contact for pricing
      6,200 SF

      Retail Space in Taylor Square

      Retail space available within a large mixed-use development.
      2928 Taylor Road Ext, Reynoldsburg, OH 43068
      View Details
    • Contact for pricing
      3,678 SF

      Freestanding Restaurant with Drive-Thru

      3,679 SF restaurant with drive-thru in Reynoldsburg, OH.
      6999 E Main St, Reynoldsburg, OH 43068
      View Details
    • Contact for pricing
      50,435 SF

      Brice Road Retail Spaces Available

      Reynoldsburg, OH: Prime Retail Opportunity
      2640 Brice Rd, Reynoldsburg, OH 43068
      View Details
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    Reynoldsburg, OH 43068-3403
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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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