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

    2001 Stelzer Rd Columbus, OH 43219-3509

    • Commercial land
    • 11,818 SF
    • 3.13 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US66-2826890
    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

    • Commercial land

    Property Details for 2001 Stelzer Rd

    Year built
    1998
    Lot size
    3.13 lot acres
    Property size
    11,818 SF
    Property type
    Commercial land
    APN
    010-242556
    APU
    10242556

    Description

    This exceptional 3.16-acre commercial land parcel presents a unique investment opportunity in Columbus, Ohio. Strategically located at the northwest corner of Citygate Drive and Stelzer Road, this property boasts a highly visible position at a three-way signalized intersection. Its prime location offers unparalleled access and exposure, placing it in close proximity to two significant landmarks: the Columbus John Glenn International Airport to the immediate north and the renowned Easton Town Center, a premier mixed-use lifestyle center, just one mile to the south. The property's APN is 010-242556, and it's situated in Franklin County, Ohio, with a Columbus address of 2001 Stelzer Rd, zip code 43219. The asking price for this exceptional land is $1,750,000. Given its size, location, and visibility, this property is ideally suited for a wide range of commercial developments, capitalizing on the high traffic volume and proximity to major transportation arteries and a thriving retail hub. The high visibility and strategic location make this a truly exceptional opportunity for investors seeking a high-impact commercial development site.

    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
    Columbus
    County
    Franklin
    State
    Ohio
    Longitude
    -82.9128
    Latitude
    40.0138
    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
    $12,556
    $171,890
    $0.00
    $171,890
    -
    $491,100
    $0.00
    $491,100

    Comparable in this City

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      VACANT COMMERCIAL LAND • 3.05 Acres
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      1.35 Acres

      Easton Cmns

      VACANT COMMERCIAL LAND • 1.35 Acres
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    • Value Estimation by Request
      3.52 Acres

      Easton Loop

      VACANT COMMERCIAL LAND • 3.52 Acres
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    Similar Nearby for Sale

    • $257,000

      Land Near Easton Town Center

      Land available near shopping, parks, and Columbus Airport.
      2423 Stelzer Rd, Columbus, OH 43219
      View Details
    • $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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    • $2,800,000
      4.00 Acres

      Prime Development Land in Columbus

      4 acres of commercial land with frontage on Stelzer Rd.
      2275 Stelzer Rd, Columbus, OH 43219
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    • $1,750,000

      Land on Corner Location

      3.16 acres on hard corner near airport and Easton.
      2001 Stelzer Rd, Columbus, OH 43219
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    • $42,900
      0.21 Acres

      Columbus, OH Corner Lot

      Corner lot near downtown Columbus, ready for development.
      1991 Woodland Ave, Columbus, OH 43219
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    • $3,095,070

      Columbus Land For Sale

      12.43 acres of land zoned for limited manufacturing.
      2051 Stelzer Rd, Columbus, OH 43219
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      124,781 SF

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      Office Space Near Easton Center

      Sublease office space across from Easton Town Center.
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      29,260 SF

      Industrial Property with Hazard Compliance

      Industrial property featuring hazard compliance and potential rail service.
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      60,000 SF

      New Speculative Warehouse Near Airport

      Under-construction 207,740 SF warehouse near Columbus Airport.
      885 Stelzer Rd, Columbus, OH 43219
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      552,280 SF

      Easton Market Retail Space Available

      Prime Columbus retail space, multiple units.
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      2,400 SF

      Columbus Industrial Space for Lease

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    2001 Stelzer Rd
    Columbus, OH 43219-3509
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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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