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    Property profile & analytics

    225 Park Rd Columbus, OH 43235-6430

    • Turn key restaurants
    • 2,873 SF
    • 0.23 lot acres
    OFF-MARKET
    Last Sale
    Dec 30, 2022
    $249,000
    Value Estimations
    $265,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US66-2036670
    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

    • the barUPSTAIRS / Bar
    • Flint Station / Bar / Event Venue

    Property Details for 225 Park Rd

    Year built
    1890
    Construction
    WOOD
    Lot size
    0.23 lot acres
    Property size
    2,873 SF
    Property type
    Turn key restaurants
    APN
    610-221364
    APU
    610221364

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $260,000
      ML approach
      $260,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $315,000
      Market price range: $315k - $1.05M
      AI Estimate
      $219,000
      Market price range: $220k - $635k

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

    Location Insight

    • Map
    • Local Demand
    City
    Columbus
    County
    Franklin
    State
    Ohio
    Longitude
    -83.0052
    Latitude
    40.1271
    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
    $5,775
    $28,040
    $35,950
    $63,990
    -
    $80,100
    $102,700
    $182,800

    Comparable in this City

    • Value Estimation
      $280,000
      0.11 Acres

      Sta St

      RESTAURANT • 0.11 Acres
      Sta St, Columbus, OH 43235
      View Details
    • Value Estimation
      $1,705,000
      7,632 SF

      3535 Dublin Granville Rd

      RESTAURANT • 7,632 SF
      3535 Dublin Granville Rd, Columbus, OH 43235-7900
      View Details
    • Value Estimation
      $2,295,000
      10,134 SF

      3635 Dublin Granville Rd

      RESTAURANT • 10,134 SF
      3635 Dublin Granville Rd, Columbus, OH 43235-4903
      View Details
    • Value Estimation
      $2,105,000
      7,432 SF

      7520 High Cross Blvd

      RESTAURANT • 7,432 SF
      7520 High Cross Blvd, Columbus, OH 43235-5681
      View Details
    • Value Estimation
      $1,630,000
      8,079 SF

      7550 High Cross Blvd

      RESTAURANT • 8,079 SF
      7550 High Cross Blvd, Columbus, OH 43235-5681
      View Details
    • Value Estimation
      $5,660,000
      7,995 SF

      7550 Vantage Dr

      RESTAURANT • 7,995 SF
      7550 Vantage Dr, Columbus, OH 43235-8401
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      7,970 SF

      Restaurant Sale-Leaseback Investment Opportunity

      NNN lease investment with established restaurant tenant and strong performance.
      3000 Hayden Rd, Columbus, OH 43235
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      11,200 SF

      Freestanding Restaurant in Prime Location

      Freestanding restaurant at a busy intersection near major retailers.
      3710 W Dublin Granville Rd, Columbus, OH 43235
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    • $1,208,333
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      New Construction NNN Ground Lease

      New construction NNN ground lease in affluent Columbus submarket.
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      Retail Space in Dublin, Ohio

      Prime corner location near hospital and major retailers.
      7400-7454 Sawmill Rd, Columbus, OH 43235
      View Details
    • $1,900,000
      2.60 Acres

      Hayden Crossing Retail Land

      Columbus, OH: Prime Retail Opportunity
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      25,344 SF

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      Columbus Office Complex: 22 Suites, 100% Leased
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    Similar Nearby for Lease

    • Contact for pricing
      194,691 SF

      Sawmill Plaza Retail Space Available

      Columbus Shopping Center: 3,000 SF Available
      2582-2680 Sawmill Place Blvd, Columbus, OH 43235
      View Details
    • Contact for pricing
      1,500 SF

      Retail Space in Sawmill Plaza

      Retail space available in high-traffic Columbus location.
      2643-2763 Sawmill Place Blvd, Columbus, OH 43235
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    • Contact for pricing
      2,400 SF

      Retail Space in High-Traffic Center

      Retail space available in a busy shopping center.
      4816-4860 Sawmill Rd, Columbus, OH 43235
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    • Contact for pricing
      1,400 SF

      Retail Space in Highbluffs Center

      Retail space with high traffic and excellent visibility.
      8211-8235 N High St, Columbus, OH 43235
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    • $9 SF/Yr
      23,371 SF

      Columbus Office Space for Lease

      Prime Office & Retail, Columbus, OH
      1 Campus View Blvd, Columbus, OH 43235
      View Details
    • Contact for pricing
      6,070 SF

      Retail Space in High-Traffic Area

      Retail space with high visibility on Route 23 available for rent.
      80 Dillmont Dr, Columbus, OH 43235
      View Details
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    225 Park Rd
    Columbus, OH 43235-6430
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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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