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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    2490 High St Columbus, OH 43202-2987

    • Retail residential properties
    • 4,327 SF
    • 0.62 lot acres
    OFF-MARKET
    Value Estimations
    $575,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US66-0830350
    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

    • Tompkins Studio / Apartment Complex

    Property Details for 2490 High St

    Year built
    1930
    Construction
    WOOD
    Lot size
    0.62 lot acres
    Property size
    4,327 SF
    Property type
    Retail residential properties
    APN
    010-045644
    APU
    10045644

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $405,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $830,000
      6.5%
      $765,000
      7%
      $710,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $778,000
      Market price range: $172k - $779k
      AI Estimate
      $353,000
      Market price range: $171k - $354k

    • Alternative Use

      Use
      Estimation
      COMMERCIAL (GENERAL)
      $420,000
      Current use
      AUTO REPAIR, GARAGE
      $685,000
      Change: +63% Conversion: Difficult
      OFFICE BUILDING
      $620,000
      Change: +47% Conversion: Easy
      MEDICAL BUILDING
      $585,000
      Change: +39% Conversion: Easy
      NEIGHBORHOOD: SHOPPING CENTER
      $470,000
      Change: +11% Conversion: Difficult
      RETAIL STORES
      $465,000
      Change: +11% Conversion: Easy
      WAREHOUSE, STORAGE
      $365,000
      Change: -13% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Columbus
    County
    Franklin
    State
    Ohio
    Longitude
    -83.0106
    Latitude
    40.0131
    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
    $161,471
    $188,550
    $2,021,920
    $2,210,470
    -
    $538,700
    $5,776,900
    $6,315,600

    Comparable in this City

    • Value Estimation by Request
      570 SF

      21 Brighton Rd

      STORES & APARTMENTS • 570 SF
      21 Brighton Rd, Columbus, OH 43202-1019
      View Details
    • Value Estimation
      $1,120,000
      9,292 SF

      4 Patterson Ave, Unit 18

      STORES & APARTMENTS • 9,292 SF
      4 Patterson Ave, Columbus, OH 43202-2943
      View Details
    • Value Estimation
      $815,000
      9,633 SF

      3265 High St

      STORES & APARTMENTS • 9,633 SF
      3265 High St, Columbus, OH 43202-1113
      View Details
    • Value Estimation by Request
      3,958 SF

      2413-2415 High St

      STORES & APARTMENTS • 3,958 SF
      2413-2415 High St, Columbus, OH 43202
      View Details
    • Value Estimation
      $530,000
      5,146 SF

      2361-2363 High St

      STORES & APARTMENTS • 5,146 SF
      2361-2363 High St, Columbus, OH 43202
      View Details
    • Value Estimation
      $640,000
      6,146 SF

      3127-3131 High St

      STORES & APARTMENTS • 6,146 SF
      3127-3131 High St, Columbus, OH 43202
      View Details

    Similar Nearby for Sale

    • $980,000
      12,142 SF

      Office Building with Parking

      Two-level office building with parking and great visibility.
      2800 S High St, Columbus, OH 43202
      View Details
    • $428,500

      Columbus Duplex - Prime Location

      Two-unit apartment building near OSU campus.
      204 Blake Ave, Columbus, OH 43202
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    • New
      $479,000
      0.10 Acres

      Columbus Multifamily Investment Opportunity

      Fully occupied four-unit property with updates and sub-metered utilities.
      497 E Oakland Ave, Columbus, OH 43202
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    • $1,950,000
      13,250 SF

      Retail Strip Center Near OSU

      Fully occupied retail strip center in Clintonville neighborhood.
      2840-2848 N High St, Columbus, OH 43202
      View Details
    • $599,900

      Clintonville Double - Prime Location

      Updated Duplex, Two Units, High ROI
      229-231 Kelso Rd, Columbus, OH 43202
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    • $424,900
      0.12 Acres

      Clintonville Duplex with Renovated Units

      Renovated Clintonville duplex with cash flow potential for investors.
      2836-2838 Indianola Ave, Columbus, OH 43202
      View Details

    Similar Nearby for Lease

    • $15 SF/Yr
      2,738 SF

      Retail Space Near Ohio State

      Retail space available near Ohio State University main campus.
      2563-2573 N High St, Columbus, OH 43202
      View Details
    • Contact for pricing

      Retail Space Near Ohio State

      Retail space near Ohio State University with high traffic volume.
      3025 Olentangy River Rd, Columbus, OH 43202
      View Details
    • Contact for pricing
      4,161 SF

      Retail Space Near Ohio State

      Retail space in underserved market near Ohio State University.
      2875 Olentangy River Rd, Columbus, OH 43202
      View Details
    • $17 SF/Yr

      North OSU Campus Retail Space

      Newly remodeled retail space with high street frontage and natural light.
      2446 N High St, Columbus, OH 43202
      View Details
    • Contact for pricing
      2,100 SF

      North OSU Campus Retail Space

      Commercial space with excellent natural light and High Street frontage.
      2446-2450 N High St, Columbus, OH 43202
      View Details
    • $15 SF/Yr
      24,520 SF

      High Street Retail Space Available

      Prime Retail, High Street Frontage, 2100 SF
      2450 High St, Columbus, OH 43202
      View Details
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    2490 High St
    Columbus, OH 43202-2987
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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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