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

    2510 Park Cres Dr Columbus, OH 43232-4742

    • Auto shops
    • 3,600 SF
    • 6.48 lot acres
    OFF-MARKET
    Value Estimations
    $485,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US66-2358819
    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

    • First Student / School Bus Service / Bus Charter

    Property Details for 2510 Park Cres Dr

    Year built
    1976
    Lot size
    6.48 lot acres
    Property size
    3,600 SF
    Property type
    Auto shops
    APN
    010-098800
    APU
    10098800

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $420,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $550,000
      Market price range: $116k - $551k

    • Alternative Use

      Use
      Estimation
      AUTO REPAIR, GARAGE
      $570,000
      Current use
      OFFICE BUILDING
      $515,000
      Change: -10% Conversion: Difficult
      MEDICAL BUILDING
      $485,000
      Change: -15% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Columbus
    County
    Franklin
    State
    Ohio
    Longitude
    -82.8418
    Latitude
    39.9271
    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
    $30,054
    $154,460
    $256,970
    $411,430
    -
    $441,300
    $734,200
    $1,175,500

    Comparable in this City

    • Value Estimation
      $605,000
      4,000 SF

      3370 Refugee Rd

      AUTO REPAIR, GARAGE • 4,000 SF
      3370 Refugee Rd, Columbus, OH 43232-4810
      View Details
    • Value Estimation
      $395,000
      5,670 SF

      3365 Refugee Rd

      AUTO REPAIR, GARAGE • 5,670 SF
      3365 Refugee Rd, Columbus, OH 43232-4893
      View Details
    • Value Estimation
      $1,265,000
      6,338 SF

      2742 Old Courtright Rd

      AUTO REPAIR, GARAGE • 6,338 SF
      2742 Old Courtright Rd, Columbus, OH 43232-9305
      View Details
    • Value Estimation
      $285,000
      0.23 Acres

      3310 Refugee Rd

      AUTO REPAIR, GARAGE • 0.23 Acres
      3310 Refugee Rd, Columbus, OH 43232-4810
      View Details
    • Value Estimation
      $755,000
      23,371 SF

      5840 Scarborough Blvd

      AUTO REPAIR, GARAGE • 23,371 SF
      5840 Scarborough Blvd, Columbus, OH 43232-4746
      View Details
    • Value Estimation
      $385,000
      9,380 SF

      2560 Park Cres Dr

      AUTO REPAIR, GARAGE • 9,380 SF
      2560 Park Cres Dr, Columbus, OH 43232-4742
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      3,915 SF

      Eight-Bay Car Wash on Refugee

      Car wash with equipment included, suitable for auto services.
      3850 Refugee Rd, Columbus, OH 43232
      View Details
    • $5,200,000
      70,132 SF

      Freestanding Office/Warehouse or Retail Facility

      70,130 SF building on 8.13 acres near major highways.
      4001 Refugee Rd, Columbus, OH 43232
      View Details
    • $1,550,000
      1,789 SF

      Columbus Tim Hortons NNN Lease

      High-yield Tim Hortons investment. 8.5 years remaining.
      2550 Hamilton Rd, Columbus, OH 43232
      View Details
    • $839,500
      10,000 SF

      Former Restaurant with Original Features

      Former restaurant with over 7,000 sqft of usable space.
      1904 Lake Club Dr, Columbus, OH 43232
      View Details
    • $44,000

      Columbus Land: Build Your Dream Home

      Double lot, 6,534 sq ft, prime location.
      0 Groves Rd, Columbus, OH 43232
      View Details
    • $200,000

      Winchester Pike Land: Columbus, OH

      Prime 3.29-acre residential lot, mature trees, convenient location.
      0 Winchester Pike, Columbus, OH 43232
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    Similar Nearby for Lease

    • $2,600 /Mo

      Parking Lot For Lease

      Parking lot available for lease behind medical office building.
      4420 Refugee Rd, Columbus, OH 43232
      View Details
    • Contact for pricing
      4,741 SF

      Retail Space on Hamilton Road

      Retail spaces available along a high-traffic corridor in Columbus, OH.
      4245 Macsway Ave, Columbus, OH 43232
      View Details
    • Contact for pricing
      2,400 SF

      Retail Space in High-Traffic Center

      Retail space for lease in a high-traffic Reynoldsburg center.
      6110-6126 Mcnaughten Ctr, Columbus, OH 43232
      View Details
    • $1,300 /Mo
      633 SF

      Retail Space Available For Rent

      Retail space for rent featuring approximately 633 square feet.
      4992-4998 Lindora Dr, Columbus, OH 43232
      View Details
    • $7 SF/Yr
      121,401 SF

      Winchester Pike Retail Center

      Columbus, Ohio: Prime Retail Space Available
      2837 Winchester Pike, Columbus, OH 43232
      View Details
    • $8 SF/Yr
      9,376 SF

      Free Standing Retail Building

      9,376 SF retail building available immediately in retail corridor.
      2250 Courtright Rd, Columbus, OH 43232
      View Details
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    Columbus, OH 43232-4742
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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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