Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    222 William St Delaware, OH 43015-3282
    Back to Search
    Property profile & analytics

    222 William St, Delaware, OH 43015-3282

    View on Map
    • Office buildings
    • 2,880 SF
    • 0.38 lot acres
    Off-Market
    Last Sale Dec 16, 2024
    $1,225,000
    Property ID
    US66-1929771
    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.
    Value Estimations
    $1,225,000
    Show details
    Cap Rate Potential
    3.1%
    Office buildings
    Location Intelligence

    Current Use by Public Records

    • Central Marketing Associates Inc / Agricultural Supply / Food Market

    Property Details for 222 William St

    Year built
    1968
    Lot size
    0.38 lot acres
    Property type
    Office buildings
    APN
    519-434-01-007-000
    APU
    51943401007000

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Dec 16, 2024 $1,225,000 Kdk Real Estate 3 LLC 1808 Properties LLC Warranty Deed —
    Dec 6, 2021 — 1808 Properties LLC — Deed · related $470k · Fidelity Fsla
    Apr 26, 2018 — City Of Delaware 1808 Properties LLC Warranty Deed —
    Apr 10, 2018 $550,000 1808 Properties LLC Dinco Ents LLC Warranty Deed $413k · Fidelity Fed'l S&l

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Delaware
    County
    Delaware
    State
    Ohio
    Longitude
    -83.0569
    Latitude
    40.2976
    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
    $5,437
    $13,130
    $84,700
    $97,830
    -
    $37,500
    $242,000
    $279,500

    Comparable in this City

    • Value Estimation by Request
      1,600 SF

      58 Franklin St

      OFFICE BUILDING
      58 Franklin St, Delaware, OH 43015-1932
      View Details
    • Value Estimation
      $7,800,000
      48,298 SF

      366 Greif Pkwy

      OFFICE BUILDING
      366 Greif Pkwy, Delaware, OH 43015-8260
      View Details
    • Value Estimation by Request
      1,764 SF

      3305 Old State Rd

      OFFICE BUILDING
      3305 Old State Rd, Delaware, OH 43015-7635
      View Details
    • Value Estimation by Request
      720 SF

      2 Reid St

      OFFICE BUILDING
      2 Reid St, Delaware, OH 43015-1831
      View Details
    • Value Estimation
      $1,535,000
      13,952 SF

      149 Sandusky St

      OFFICE BUILDING
      149 Sandusky St, Delaware, OH 43015-1732
      View Details
    • Value Estimation by Request
      5,100 SF

      45 Winter St

      OFFICE BUILDING
      45 Winter St, Delaware, OH 43015-1923
      View Details

    Similar Nearby for Sale

    • $500,000
      3,319 SF

      Delaware Office Building For Sale

      3,319 SF office building available in Delaware, Ohio.
      43 East Central Ave, Delaware, OH 43015
      View Details
    • Contact for pricing
      10,000 SF

      Historic Building in Downtown Delaware

      10,000 SF historic building suitable for office or residential.
      45 Lake St, Delaware, OH 43015
      View Details
    • Contact for pricing
      3,722 SF

      Renovated Office Building on Sandusky

      Stand-alone office building in booming Delaware city community.
      611 S Sandusky St, Delaware, OH 43015
      View Details
    • $499,950

      Historic Building in Downtown Delaware

      10,000 SF historic building suitable for office or residential use.
      45 Lake St, Delaware, OH 43015
      View Details
    • $2,300,000

      Downtown Delaware Multi-Level Commercial Building

      Unique commercial building in downtown Delaware, ideal for owner or investor.
      17 N Sandusky St, Delaware, OH 43015
      View Details
    • $374,900

      Versatile Property in Delaware County

      Adaptable space suitable for church, office, daycare, or retail.
      200 S Liberty St, Delaware, OH 43015
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      4,839 SF

      Delaware Two-Story Office Building

      Two-story office building in Delaware near OhioHealth Grady Hospital.
      3769 Columbus Pike, Delaware, OH 43015
      View Details
    • Contact for pricing

      Delaware Downtown Office Suites Available

      Refurbished office suites for lease in downtown Delaware.
      48 N Sandusky St, Delaware, OH 43015
      View Details
    • $4,500 /Mo

      Industrial Warehouse with Fenced Lot

      4,080 SF warehouse with 1,680 SF office space for lease.
      237 Curtis St, Delaware, OH 43015
      View Details
    • $20 SF/Yr

      Retail and Office Space Available

      Retail and office spaces in a new mixed-use complex.
      15 Flax St, Delaware, OH 43015
      View Details
    • $1,900 /Mo

      Downtown Delaware Office Space For Rent

      Office space in a central Delaware location with excellent visibility.
      12-1/2 N Sandusky St, Delaware, OH 43015
      View Details
    • $14 SF/Yr
      3,461 SF

      Medical/Office Space Near Hospital

      Suites available near Ohio Health Grady Memorial Hospital.
      460 West Central Ave, Delaware, OH 43015
      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.
    222 William St
    Delaware, OH 43015-3282
    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

    Thank You for Inquiry
    222 William St, Delaware, OH, 43015
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!