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

    26 Waterloo St Canal Winchester, OH 43110

    • Retail residential properties
    • 23,199 SF
    • 0.58 lot acres
    For Lease
    View listing
    $115 SF/Yr
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US66-5534321
    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

    • Good Nursing Care Inc / Home Health Care Service

    Property Details for 26 Waterloo St

    Year built
    2020
    Lot size
    0.58 lot acres
    Property size
    23,199 SF
    Property type
    Retail residential properties
    APN
    184-000162
    APU
    184000162

    Description

    This exceptional 7,000 square foot special purpose property, located at 26 & 28 W Waterloo Street in historic downtown Canal Winchester, Ohio (43110), presents a unique leasing opportunity. The single-tenant building sits on a lot with an APN of 184-000162-00 and is conveniently situated near W Mound Street. The property offers a blend of charming architectural details and modern amenities, making it suitable for a variety of businesses. Canal Winchester's vibrant downtown area boasts high foot traffic and excellent visibility, providing significant exposure for any tenant. The town's thriving economy, supported by a strong local community and regular events, attracts both residents and tourists, creating a dynamic and supportive business environment. Canal Winchester is experiencing controlled growth, with new residential and commercial developments contributing to its expanding economy while preserving its historical character and community focus. This property offers a chance to establish a presence in a flourishing and attractive Ohio town. The property consists of one suite. Further details are available upon request.

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $3,915,000
      6.5%
      $3,615,000
      7%
      $3,355,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $4,482,000
      Market price range: $899k - $4.48M
      AI Estimate
      $3,069,000
      Market price range: $602k - $3.07M

    • Alternative Use

      Use
      Estimation
      COMMERCIAL (GENERAL)
      $2,330,000
      Current use
      AUTO REPAIR, GARAGE
      $3,825,000
      Change: +64% Conversion: Difficult
      NEIGHBORHOOD: SHOPPING CENTER
      $3,805,000
      Change: +63% Conversion: Difficult
      MEDICAL BUILDING
      $3,490,000
      Change: +50% Conversion: Easy
      APARTMENT HOUSE (5+ UNITS)
      $3,365,000
      Change: +44% Conversion: Moderate
      OFFICE BUILDING
      $3,190,000
      Change: +37% Conversion: Easy
      RETAIL STORES
      $2,900,000
      Change: +25% Conversion: Easy

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

    Location Insight

    • Map
    • Local Demand
    City
    Canal Winchester
    County
    Franklin
    State
    Ohio
    Longitude
    -82.8063
    Latitude
    39.8435
    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
    $13,970
    $178,330
    $1,321,950
    $1,500,280
    -
    $509,500
    $3,777,000
    $4,286,500

    Comparable in this City

    • Value Estimation by Request
      5,862 SF

      1 High St

      STORES & APARTMENTS • 5,862 SF
      1 High St, Canal Winchester, OH 43110-1212
      View Details
    • Value Estimation by Request
      1,968 SF

      13-15 Waterloo St

      STORES & APARTMENTS • 1,968 SF
      13-15 Waterloo St, Canal Winchester, OH 43110
      View Details
    • Value Estimation by Request
      2,080 SF

      4 Waterloo St

      STORES & APARTMENTS • 2,080 SF
      4 Waterloo St, Canal Winchester, OH 43110-1138
      View Details
    • Value Estimation by Request
      4,464 SF

      17-20 High St

      STORES & APARTMENTS • 4,464 SF
      17-20 High St, Canal Winchester, OH 43110
      View Details
    • Value Estimation by Request
      3,182 SF

      100 Winchester Cemetery Rd

      STORES & APARTMENTS • 3,182 SF
      100 Winchester Cemetery Rd, Canal Winchester, OH 43110-1091
      View Details
    • Value Estimation by Request
      3,200 SF

      19 High St

      STORES & APARTMENTS • 3,200 SF
      19 High St, Canal Winchester, OH 43110-1108
      View Details

    Similar Nearby for Sale

    • $115,500

      Canal Winchester Building Lot

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      25.87 Acres, PRD Zoning, Development Ready
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      Industrial Land Development Opportunity

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      Land for Development Opportunities

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      Redevelopment Land For Sale

      39.762 +/- acres of redevelopment land in Canal Winchester, Ohio.
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    Similar Nearby for Lease

    • Contact for pricing
      11,000 SF

      Winchester Rd Retail Center

      Canal Winchester Retail Space: 5,775 SF Available
      225 Winchester Cemetery Rd, Canal Winchester, OH 43110
      View Details
    • $19 SF/Yr
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      Medical Office Space Available

      45,209 SF medical office space for lease.
      7901 Diley Rd, Canal Winchester, OH 43110
      View Details
    • Contact for pricing
      94,000 SF

      Mixed-Use Development Near Highway 33

      Mixed-use development in high-growth area near Canal Winchester and Pickerington.
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      143,000 SF

      Industrial Space Available for Lease

      Industrial building for lease with tax abatement and planned improvements.
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      2,056 SF

      Retail Space Near US Route 33

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      View Details
    • $14 SF/Yr
      2,000 SF

      Retail Space in High-Traffic Area

      Retail space available in a high-traffic location.
      3506-3648 Gender Rd, Canal Winchester, OH 43110
      View Details
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    26 Waterloo St
    Canal Winchester, OH 43110
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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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