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

    2500 Corporate Exchange Dr Columbus, OH 43231

    • Office buildings
    • 108,209 SF
    • 5.15 lot acres
    For Sale
    View listing
    $13,793,000
    Last Sale
    Jun 23, 2025
    $4,300,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US66-2253076
    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

    • American Health Network Geriatric Care / Hospital Department
    • Balanced Insight / Software Company
    • Vidmar & Hardesty Ltd / Lawyer
    • Dr. Susan E. Parsons, MD / Geriatrician
    • Mary A. Momeyer, CNP / Doctor

    Property Details for 2500 Corporate Exchange Dr

    Year built
    1985
    Lot size
    5.15 lot acres
    Property size
    108,209 SF
    Property type
    Office buildings
    APN
    600-199401
    APU
    600199401

    Description

    This exceptional Class A office property, Corporate Exchange III, located at 2500 Corporate Exchange Dr, Columbus, OH 43231, offers a significant opportunity for businesses seeking premium space. The complex comprises three, three-story buildings totaling 91,074 square feet. Currently, there is 82,940 square feet of vacant space available, offering flexibility for various tenant needs. Units range from a minimum of 1,943 square feet to a maximum contiguous space of 23,068 square feet, accommodating businesses of all sizes. The property is categorized as a traditional office space with multiple tenancy options. Built in 1985, the building boasts modern amenities and a prime location in Columbus, Ohio. The power supply is robust, rated at 4/1,000. This presents a rare chance to secure substantial, high-quality office space in a thriving market. The property's strategic location and ample available space make it an ideal choice for companies seeking to establish or expand their presence in Columbus. Inquire today to learn more about leasing options and explore the possibilities this impressive property offers.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Columbus
    County
    Franklin
    State
    Ohio
    Longitude
    -82.9488
    Latitude
    40.1015
    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
    $233,562
    $286,790
    $3,076,820
    $3,363,610
    -
    $819,400
    $8,790,900
    $9,610,300

    Comparable in this City

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    • Value Estimation
      $1,760,000
      32,076 SF

      2931 Dublin Granville Rd

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      2931 Dublin Granville Rd, Columbus, OH 43231-2098
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    • Value Estimation
      $75,000
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      4576 Cleveland Ave

      OFFICE BUILDING • 825 SF
      4576 Cleveland Ave, Columbus, OH 43231-5853
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    • Value Estimation
      $1,455,000
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      5975 Cleveland Ave

      OFFICE BUILDING • 5,864 SF
      5975 Cleveland Ave, Columbus, OH 43231-2256
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    • Value Estimation
      $380,000
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      5454 Cleveland Ave

      OFFICE BUILDING • 6,788 SF
      5454 Cleveland Ave, Columbus, OH 43231-4021
      View Details
    • Value Estimation
      $225,000
      6,120 SF

      6011 Cleveland Ave

      OFFICE BUILDING • 6,120 SF
      6011 Cleveland Ave, Columbus, OH 43231-2256
      View Details

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      Office building available for purchase in Columbus, Ohio.
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    Similar Nearby for Lease

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      Columbus Office Space For Lease

      Class A Office Suites Available Now
      2600 Corporate Exchange Dr, Columbus, OH 43231
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    • $16 SF/Yr
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      Corporate Exchange I Office Space

      Columbus, Ohio Class A Office Suites Available
      2550 Corporate Exchange Dr, Columbus, OH 43231
      View Details
    • Contact for pricing
      161,598 SF

      Corporate Exchange Office Park Sublease

      Class A Office Space, Flexible Terms
      3000 Corporate Exchange Dr, Columbus, OH 43231
      View Details
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    Columbus, OH 43231
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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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