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

    2185-2193 5th Ave Columbus, OH 43219

    • Retail space
    • 8,320 SF
    • 0.93 lot acres
    OFF-MARKET
    Last Sale
    Sep 10, 2021
    $1,718,400
    Value Estimations
    $1,335,000
    Show details
    Cap Rate Potential
    7.8%
    Retail space
    Location Intelligence
    Property ID
    US66-1620329
    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

    • Retail space

    Property Details for 2185-2193 5th Ave

    Year built
    2016
    Lot size
    0.93 lot acres
    Property size
    8,320 SF
    Property type
    Retail space
    APN
    010-050374
    APU
    10050374

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $1,225,000
      ML approach
      $1,270,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $1,600,000
      6.5%
      $1,475,000
      7%
      $1,370,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $1,435,000
      Market price range: $430k - $1.44M
      AI Estimate
      $1,016,000
      Market price range: $255k - $1.02M

    • Alternative Use

      Use
      Estimation
      RETAIL STORES
      $895,000
      Current use
      RESTAURANT
      $1,895,000
      Change: +112% Conversion: Easy
      COMMERCIAL (GENERAL)
      $1,535,000
      Change: +72% Conversion: Easy
      AUTO REPAIR, GARAGE
      $1,320,000
      Change: +48% Conversion: Difficult
      APARTMENT HOUSE (5+ UNITS)
      $1,205,000
      Change: +35% Conversion: Difficult
      OFFICE BUILDING
      $1,190,000
      Change: +33% Conversion: Easy
      MEDICAL BUILDING
      $1,125,000
      Change: +26% Conversion: Difficult
      NEIGHBORHOOD: SHOPPING CENTER
      $900,000
      Change: +1% Conversion: Moderate

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

    Location Insight

    • Map
    • Local Demand
    City
    Columbus
    County
    Franklin
    State
    Ohio
    Longitude
    -82.946
    Latitude
    39.9856
    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
    $44,975
    $54,990
    $560,700
    $615,690
    -
    $157,100
    $1,602,000
    $1,759,100

    Comparable in this City

    • Value Estimation
      $235,000
      1,364 SF

      2727-2729 5th Ave

      RETAIL STORES (PERSONAL SERVICES) • 1,364 SF
      2727-2729 5th Ave, Columbus, OH 43219
      View Details
    • Value Estimation
      $230,000
      1,247 SF

      1420-1424 5th St

      RETAIL STORES (PERSONAL SERVICES) • 1,247 SF
      1420-1424 5th St, Columbus, OH 43219
      View Details
    • Value Estimation
      $135,000
      1,688 SF

      1580 Joyce Ave

      RETAIL STORES (PERSONAL SERVICES) • 1,688 SF
      1580 Joyce Ave, Columbus, OH 43219-1952
      View Details
    • Value Estimation
      $300,000
      10,000 SF

      2631-2635 Johnstown Rd

      RETAIL STORES (PERSONAL SERVICES) • 10,000 SF
      2631-2635 Johnstown Rd, Columbus, OH 43219
      View Details
    • Value Estimation
      $270,000
      1,722 SF

      3140 Agler Rd

      RETAIL STORES (PERSONAL SERVICES) • 1,722 SF
      3140 Agler Rd, Columbus, OH 43219
      View Details
    • Value Estimation
      $150,000
      3,083 SF

      2157 5th Ave

      RETAIL STORES (PERSONAL SERVICES) • 3,083 SF
      2157 5th Ave, Columbus, OH 43219-2678
      View Details

    Similar Nearby for Sale

    • $3,200,000
      7,967 SF

      Buffalo Wild Wings Ground Lease

      Single-tenant retail property in the Easton Shopping Corridor.
      3969 Morse Xing, Columbus, OH 43219
      View Details
    • $2,944,372
      7,029 SF

      Columbus Retail Investment Opportunity

      NNN leased retail property in established Columbus shopping corridor.
      3933 Morse Xing, Columbus, OH 43219
      View Details
    • $11,620,000

      Columbus Retail Property for Sale

      Retail property available for purchase in Columbus, Ohio.
      3883 Gramercy St, Columbus, OH 43219
      View Details
    • $2,800,000

      Columbus Land: Stelzer Road Opportunity

      High-Visibility Land Near Airport
      1822 Stelzer Rd, Columbus, OH 43219
      View Details
    • $79,000

      Columbus Land: Agler Road Lot

      Build Your Dream Home in Gahanna!
      0 Agler Rd, Columbus, OH 43219
      View Details
    • $404,000

      Corner Land Parcel For Sale

      Land parcel at the corner of Stelzer and Agler.
      2365 Stelzer Rd, Columbus, OH 43219
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      2,313 SF

      Retail Space Near Easton Center

      White-box retail space adjacent to Easton Town Center.
      4030-4038 Morse Rd, Columbus, OH 43219
      View Details
    • $4,000 /Mo
      3,580 SF

      Renovated Retail/Flex Space Sublease

      Move-in ready 3,580 SF retail/flex space available for sublease.
      818 Rose Ave, Columbus, OH 43219
      View Details
    • $18 SF/Yr
      780 SF

      Grandview Office/Retail Space For Rent

      Office/retail space with excellent signage, character, and private parking.
      1787 W 5Th Ave, Columbus, OH 43219
      View Details
    • Contact for pricing
      7,272 SF

      Easton Restaurant - For Lease

      Prime Easton location, 7,272 SF restaurant.
      3977 Morse Xing, Columbus, OH 43219
      View Details
    • Contact for pricing
      51,950 SF

      Easton Square Retail Opportunity

      Retail space in dynamic central Ohio shopping center.
      3840-3864 Morse Rd, Columbus, OH 43219
      View Details
    • Contact for pricing
      13,050 SF

      Columbus Retail Space For Lease

      552,280 square foot retail property in Columbus, Ohio.
      3695-3737 Easton Market, Columbus, OH 43219
      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.
    2185-2193 5th Ave
    Columbus, OH 43219
    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.