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    23 Pocono Rd Columbus, OH 43235
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    23 Pocono Rd Columbus, OH 43235

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    • Residential land & home lots
    Off-Market
    Property ID
    US66-3707320
    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
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Residential land & home lots

    Property Details for 23 Pocono Rd

    Property type
    Residential land & home lots

    Description

    Rare opportunity to own +/-1/2 acre mature treelined homesite in Worthington Schools. Bring your own builder. Many site prep costs have already been completed that a builder would charge for as part of the building process. Recent development improvements includes 3 car construction driveway w/ geo fabric, storm drainage w/catch basin & culvert, clearing & stump grinding, AEP electric service, landscape mounding w/ 11 spruce trees that will eventually create ultimate rear yard privacy, certified address w/ city of Columbus, septic system approval for current owner's building plan design & plot plan. Columbia Gas & DelCo Water. Owner is a licensed real estate broker.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Columbus
    County
    Delaware
    State
    Ohio
    Longitude
    -83.0145151
    Latitude
    40.1216295

    Comparable in this City

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      Columbus Land Opportunity Near SR-315

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      Retail Opportunity on Hayden Run

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      4.71 Acres

      4.71 Acres in Worthington Schools

      Two parcels of land available for development in Columbus, OH.
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      Columbus Land Opportunity Near SR-315

      26.7 acres of land in a central Columbus location.
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      25,344 SF

      Multi-Suite Office Park For Sale

      Two-building office park with 22 fully leased suites.
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    Similar Nearby for Sale

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      4.71 Acres in Worthington Schools

      Land in Worthington Schools ready for development or investment.
      2074 Hard Rd, Columbus, OH 43235
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    • Contact for pricing

      Columbus Land Opportunity Near SR-315

      Approximately 23.5 acres of land near SR-315 in Columbus.
      3455 West Dublin Granville Rd, Columbus, OH 43235
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      Retail Opportunity on Hayden Run

      Retail land with high visibility and multiple access points.
      6674 Hayden Run Rd, Columbus, OH 43235
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      4.71 Acres

      4.71 Acres in Worthington Schools

      Two parcels of land available for development in Columbus, OH.
      2074 Hard Rd, Columbus, OH 43235
      View Details
    • $6,675,000

      Columbus Land Opportunity Near SR-315

      26.7 acres of land in a central Columbus location.
      2575 West Dublin Granville Rd, Columbus, OH 43235
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      25,344 SF

      Multi-Suite Office Park For Sale

      Two-building office park with 22 fully leased suites.
      6800-6850 Caine Rd, Columbus, OH 43235
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    Similar Nearby for Lease

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      Newly Renovated Office Center

      Refurbished office space with a peaceful, calm atmosphere.
      100 E Campus View Blvd, Columbus, OH 43235
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      15,000 SF

      Well-Maintained Office Unit For Rent

      Ground floor office unit with reception, kitchenette, and offices.
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      Retail Space in High-Traffic Area

      Retail space available in a highly visible Columbus location.
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      Northwoods I Office Space Available

      Office building with renovated common areas and convenient access.
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      Columbus Office Building For Lease

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      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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    23 Pocono Rd
    Columbus, OH 43235
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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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