Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    1930 James Pkwy Heath, OH 43056-4003

    • Warehouses
    • 6,000 SF
    • 1.00 lot acres
    OFF-MARKET
    Last Sale
    Oct 03, 2023
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US66-1646682
    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

    • Warehouses

    Property Details for 1930 James Pkwy

    Year built
    1978
    Lot size
    1.00 lot acres
    Property size
    6,000 SF
    Property type
    Warehouses
    Property subtype
    Self storage facilities
    APN
    080-331098-00.000
    APU
    8033109800000

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Heath
    County
    Licking
    State
    Ohio
    Longitude
    -82.475
    Latitude
    39.9976
    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
    $4,940
    $35,000
    $81,870
    $116,870
    -
    $100,000
    $233,900
    $333,900

    Comparable in this City

    • Value Estimation
      $720,000
      9,950 SF

      Faye Dr

      MINI-WAREHOUSE, STORAGE • 9,950 SF
      Faye Dr, Heath, OH 43056
      View Details
    • Value Estimation by Request
      939 SF

      535 Franklin Ave

      MINI-WAREHOUSE, STORAGE • 939 SF
      535 Franklin Ave, Heath, OH 43056-1610
      View Details
    • Value Estimation by Request
      3,456 SF

      450 Heath Rd

      MINI-WAREHOUSE, STORAGE • 3,456 SF
      450 Heath Rd, Heath, OH 43056
      View Details
    • Value Estimation by Request
      3,160 SF

      605 Heath Rd

      MINI-WAREHOUSE, STORAGE • 3,160 SF
      605 Heath Rd, Heath, OH 43056-1164
      View Details
    • Value Estimation by Request
      4,800 SF

      Hebron Rd

      MINI-WAREHOUSE, STORAGE • 4,800 SF
      Hebron Rd, Heath, OH 43056
      View Details
    • Value Estimation
      $2,020,000
      1,872 SF

      1676 Hebron Rd

      MINI-WAREHOUSE, STORAGE • 1,872 SF
      1676 Hebron Rd, Heath, OH 43056-1035
      View Details

    Similar Nearby for Sale

    • $1,200,000
      11,000 SF

      Aircraft Hangar with Office Space

      10,000 SF hangar with office on 2.92 acres.
      300 Heath Rd, Heath, OH 43056
      View Details
    • Contact for pricing

      Ready-To-Build Rail-Served Site

      35+/- acre rail-served site in Heath, Ohio.
      James Pkwy, Heath, OH 43056
      View Details
    • $399,000
      26.61 Acres

      26 Acres Land in Newark

      26 acres of land perfect for building your dream home.
      6063 Pleasant Chapel Rd, Newark, OH 43056
      View Details
    • $750,000
      4,860 SF

      Heath Commercial Property - $750K

      Versatile 4,860 SF Commercial Building in Heath, OH
      550 Hebron Rd, Heath, OH 43056
      View Details
    • $21,343,500

      Heath, OH Mixed-Use Land

      Land with mixed zoning and rail access in Heath, OH.
      Central Pkwy, Heath, OH 43056
      View Details
    • $309,900
      1,488 SF

      River Oaks Ranch Condo

      Two-bedroom, two-bath ranch condo in desirable Heath community.
      95 Jonathan Dr, Heath, OH 43056
      View Details

    Similar Nearby for Lease

    • $8 SF/Yr
      1,750 SF

      Stand-Alone Industrial Building For Lease

      Light industrial space with drive-in door access, ready for occupancy.
      831 Irving Wick Dr W, Heath, OH 43056
      View Details
    • $5 SF/Yr
      125,322 SF

      Central Ohio Warehouse for Lease

      125,322 SF warehouse with convenient access to major transportation routes.
      2135 James Pkwy, Heath, OH 43056
      View Details
    • $11 SF/Yr
      30,000 SF

      Heath Industrial Building Available 2025

      30,000+/- sq ft industrial building available June 2025.
      1680 James Pkwy, Heath, OH 43056
      View Details
    • $5 SF/Yr
      156,000 SF

      Industrial Warehouse Ready For Occupancy

      52,000 SF warehouse suitable for distribution, manufacturing, or logistics.
      2045-2055 James Pkwy, Heath, OH 43056
      View Details
    • $8 SF/Yr
      4,500 SF

      Adaptable Flex Space Available Now

      Light industrial space with office, restrooms, and open floorplan.
      811 Irving Wick Dr W, Heath, OH 43056
      View Details
    • $5 SF/Yr
      125,322 SF

      Warehouse with Rail Service Potential

      125,322 SF warehouse with convenient access to major transportation routes.
      2135 James Pkwy, Heath, OH 43056
      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.
    1930 James Pkwy
    Heath, OH 43056-4003
    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

    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.