Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    2523 Creekway Dr Columbus, OH 43207

    • Flex space
    • 21,000 SF
    • 1.91 lot acres
    For Lease
    View listing
    $10 SF/Yr
    Last Sale
    May 21, 2024
    $655,000
    Value Estimations
    $655,000
    Cap Rate Potential
    Location Intelligence
    Property ID
    US66-5798729
    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

    • Alimco Logistics / Trucking Company
    • Columbus Group / Law Firm
    • Junk Fellas LLC - Junk Removal & Dumpster Rentals / Waste Management Facility

    Property Details for 2523 Creekway Dr

    Year built
    1996
    Lot size
    1.91 lot acres
    Property size
    21,000 SF
    Property type
    Flex space
    APN
    530-213464
    APU
    530213464

    Description

    This exceptional 21,000-square-foot warehouse, situated on a spacious 1.91-acre lot, presents a significant leasing opportunity. Built in 1996, this single-story industrial building boasts a convenient single-tenant occupancy. The property features two loading docks and two 14-foot drive-in doors, enhancing operational efficiency. A fenced yard provides ample secure outdoor space. Currently undergoing improvements, this warehouse is ready for immediate occupancy. A key advantage for prospective tenants is the landlord's commitment to providing build-to-suit office space for qualified occupants, allowing for customized workspace tailored to specific business needs. The property is zoned M1, and its Franklin County location offers excellent access to transportation routes and logistical networks. The property's address is 2523 Creekway Drive, and its Assessor's Parcel Number (APN) is 530-213464. This warehouse is ideal for businesses requiring substantial storage and operational space, combined with the flexibility of customized office accommodations. Don't miss this chance to secure a prime industrial property in a desirable location.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $655,000
      ML approach
      $655,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Columbus
    County
    Franklin
    State
    Ohio
    Longitude
    -82.9319
    Latitude
    39.8945
    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
    $20,013
    $64,260
    $250,880
    $315,140
    -
    $183,600
    $716,800
    $900,400

    Comparable in this City

    • Value Estimation by Request
      0.99 Acres

      Mcgaw Rd

      LIGHT INDUSTRIAL • 0.99 Acres
      Mcgaw Rd, Columbus, OH 43207
      View Details
    • Value Estimation by Request
      47,030 SF

      100 Fornof Rd

      Distribution properties • 47,030 SF
      100 Fornof Rd, Columbus, OH 43207
      View Details
    • Value Estimation by Request
      3,730 SF

      2493 Fairwood Ave

      LIGHT INDUSTRIAL • 3,730 SF
      2493 Fairwood Ave, Columbus, OH 43207-2709
      View Details
    • Value Estimation by Request
      6,100 SF

      3881 Groveport Rd

      LIGHT INDUSTRIAL • 6,100 SF
      3881 Groveport Rd, Obetz, OH 43207-5126
      View Details
    • Value Estimation
      $1,485,000
      17,280 SF

      2461 Mcgaw Rd

      LIGHT INDUSTRIAL • 17,280 SF
      2461 Mcgaw Rd, Obetz, OH 43207-4513
      View Details
    • Value Estimation by Request
      10,560 SF

      41 Kingston Ave, Unit 55

      LIGHT INDUSTRIAL • 10,560 SF
      41 Kingston Ave, Columbus, OH 43207-2438
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      142,130 SF

      Renovated Flex Space in Columbus

      Flexible leasing opportunities in a renovated, centrally located Columbus complex.
      2000 S High St, Columbus, OH 43207
      View Details
    • Contact for pricing
      14,160 SF

      High Street Retail/Flex/Office Building

      Renovated 9,450 SF retail/flex/office building available late summer.
      1776 S High St, Columbus, OH 43207
      View Details
    • Contact for pricing
      33,644 SF

      Versatile Building in Growing Community

      Office, warehouse, and turnkey brewery spaces available in revitalized Steelton Village.
      2025 S High St, Columbus, OH 43207
      View Details
    • $750,000
      5,220 SF

      High Street Mixed-Use Investment

      Columbus, OH: 5,220 SF Vacant Building
      1890 High St, Columbus, OH 43207
      View Details
    • Contact for pricing
      14,160 SF

      South High Street Retail/Flex Building

      Renovated 9,450 SF retail/flex/office building available late summer.
      1776 S High St, Columbus, OH 43207
      View Details
    • Contact for pricing
      33,644 SF

      Industrial Flex Space in Columbus

      10,500 SF industrial flex space, move-in ready for brewery/manufacturing.
      2027 S High St, Columbus, OH 43207
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      50,239 SF

      Columbus Rail-Served Industrial Site

      50,239 SF industrial space on 14 acres near Rickenbacker.
      2222 New World Dr, Columbus, OH 43207
      View Details
    • Contact for pricing
      5,400 SF

      Columbus Flex/Industrial Space Available

      Flex/industrial space available for lease in Columbus, Ohio.
      2476-2500 Creekway Dr, Columbus, OH 43207
      View Details
    • $4 SF/Yr
      472,448 SF

      Marion Road Industrial Flex Space

      Columbus Flex Space: 161,400 SF Available
      600-740 Marion Rd, Columbus, OH 43207
      View Details
    • $4 SF/Yr
      394,016 SF

      Columbus Industrial Flex Space

      Prime Columbus location, 97,600 SF available
      670-750 Marion Rd, Columbus, OH 43207
      View Details
    • Contact for pricing
      19,764 SF

      Columbus Warehouse: 19,764 SF

      Prime Columbus warehouse, 19,764 sq ft.
      1663 Watkins Rd, Columbus, OH 43207
      View Details
    • $4 SF/Yr
      394,016 SF

      Versatile Industrial Space with Highway Access

      Functional industrial space near major highways, suitable for diverse businesses.
      750 Marion Rd, Columbus, OH 43207
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    2523 Creekway Dr
    Columbus, OH 43207
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.