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

    2121 Walcutt Rd Columbus, OH 43228-9575

    • Warehouses
    • 23,024 SF
    • 8.09 lot acres
    OFF-MARKET
    Value Estimations
    $2,500,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US66-0193098
    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

    • Murphy Tractor & Equipment Co / Building Supply / Industrial Manufacturer

    Property Details for 2121 Walcutt Rd

    Year built
    1997
    Lot size
    8.09 lot acres
    Property size
    23,024 SF
    Property type
    Warehouses
    APN
    560-259846
    APU
    560259846

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $2,724,000
      Market price range: $1.00M - $2.72M

    • Alternative Use

      Use
      Estimation
      WAREHOUSE, STORAGE
      $1,850,000
      Current use
      AUTO REPAIR, GARAGE
      $3,650,000
      Change: +97% Conversion: Easy
      APARTMENT HOUSE (5+ UNITS)
      $3,340,000
      Change: +80% Conversion: Difficult
      OFFICE BUILDING
      $3,285,000
      Change: +78% Conversion: Difficult
      MEDICAL BUILDING
      $3,110,000
      Change: +68% Conversion: Difficult
      NEIGHBORHOOD: SHOPPING CENTER
      $2,490,000
      Change: +34% Conversion: Moderate
      RETAIL STORES
      $2,410,000
      Change: +30% Conversion: Moderate

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

    Location Insight

    • Map
    • Local Demand
    City
    Columbus
    County
    Franklin
    State
    Ohio
    Longitude
    -83.1394
    Latitude
    39.9939
    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
    $68,476
    $283,190
    $661,680
    $944,870
    -
    $809,100
    $1,890,500
    $2,699,600

    Comparable in this City

    • Value Estimation
      $17,315,000
      170,110 SF

      2600 Charter St

      WAREHOUSE, STORAGE • 170,110 SF
      2600 Charter St, Columbus, OH 43228
      View Details
    • Value Estimation
      $3,835,000
      145,000 SF

      1901 Dividend Dr, Unit 1919

      WAREHOUSE, STORAGE • 145,000 SF
      1901 Dividend Dr, Columbus, OH 43228-3849
      View Details
    • Value Estimation by Request
      5,200 SF

      405 Commerce Sq

      MINI-WAREHOUSE, STORAGE • 5,200 SF
      405 Commerce Sq, Columbus, OH 43228-2107
      View Details
    • Value Estimation
      $4,850,000
      216,480 SF

      1635 Westbelt Dr, Unit 1675

      WAREHOUSE, STORAGE • 216,480 SF
      1635 Westbelt Dr, Columbus, OH 43228-3809
      View Details
    • Value Estimation
      $7,040,000
      68,100 SF

      2747 Westbelt Dr, Unit 2763

      WAREHOUSE, STORAGE • 68,100 SF
      2747 Westbelt Dr, Columbus, OH 43228-3861
      View Details
    • Value Estimation by Request
      4,000 SF

      3807 Paragon Dr

      WAREHOUSE, STORAGE • 4,000 SF
      3807 Paragon Dr, Columbus, OH 43228-9484
      View Details

    Similar Nearby for Sale

    • $530,000

      Columbus Warehouse - $530K

      Prime Commercial Warehouse, Ohio Health proximity.
      24 East St, Columbus, OH 43228
      View Details
    • Contact for pricing
      9,496 SF

      Versatile Office/Warehouse with Outdoor Storage

      9,500 SF office/warehouse on 2.2 acres with ample parking.
      1940 Lone Eagle St, Columbus, OH 43228
      View Details
    • Contact for pricing
      239,685 SF

      Westbelt Distribution Center Opportunity

      Office/warehouse space available near I-270 & I-70 in Columbus, OH.
      2177-2255 Westbelt Dr, Columbus, OH 43228
      View Details
    • Contact for pricing
      39,115 SF

      Columbus Flex Warehouse with Suites

      39,115 SF flex/warehouse divisible into three suites for sale.
      850 Kaderly Dr, Columbus, OH 43228
      View Details
    • Contact for pricing
      9,496 SF

      Versatile Office/Warehouse with Outdoor Storage

      9,500 SF office/warehouse on 2.2 acres with fenced storage.
      1940 Lone Eagle St, Columbus, OH 43228
      View Details
    • Contact for pricing
      15,502 SF

      Industrial Warehouse with Outdoor Storage

      15,502 SF industrial warehouse with office space and outdoor storage.
      5132 Fisher Rd, Columbus, OH 43228
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      60,000 SF

      Columbus Warehouse Near I-270 Exit

      60,000 SF warehouse with convenient highway access in Columbus.
      Westbelt Dr, Columbus, OH 43228
      View Details
    • Contact for pricing
      5,000 SF

      Renovated Office and Warehouse Space

      5,000 SF flex space with renovated office and warehouse.
      2323 Setterlin Dr, Columbus, OH 43228
      View Details
    • $10 SF/Yr
      18,130 SF

      Columbus Flex Space For Rent

      Flex space available in a professional business park in Columbus.
      4000-4020 Venture Ct, Columbus, OH 43228
      View Details
    • Contact for pricing
      38,962 SF

      Columbus Warehouse with Office Space

      38,962 SF warehouse with 3,682 SF office space.
      4051 Fondorf Dr, Columbus, OH 43228
      View Details
    • Contact for pricing
      29,559 SF

      Office/Warehouse Facility in Columbus, OH

      147,791 SF office/warehouse with highway access, divisible to 30,000 SF.
      1605 Westbelt Dr, Columbus, OH 43228
      View Details
    • Contact for pricing
      243,000 SF

      Warehouse with Ample Parking

      Well-maintained warehouse with convenient access to major highways.
      1819 Walcutt Rd, Columbus, OH 43228
      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.
    2121 Walcutt Rd
    Columbus, OH 43228-9575
    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.