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

    2804 Johnstown Rd Columbus, OH 43219-2471

    • Office buildings
    • 2,649 SF
    • 0.90 lot acres
    OFF-MARKET
    Value Estimations
    $390,000
    Show details
    Cap Rate Potential
    9.3%
    Office buildings
    Location Intelligence
    Property ID
    US66-1418404
    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

    • Airport Barbers / Barber Shop
    • KatzKutzandStylingLLC / Barber Shop
    • Asian massage spa / Massage Spa
    • K. Sincere’s / Women'S Clothing Store
    • MDS Auto Service & Sales / Mechanic

    Property Details for 2804 Johnstown Rd

    Year built
    1952
    Construction
    WOOD
    Lot size
    0.90 lot acres
    Property size
    2,649 SF
    Property type
    Office buildings
    APN
    190-003223
    APU
    190003223

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $350,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $545,000
      6.5%
      $500,000
      7%
      $465,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $351,000
      Market price range: $200k - $586k

    • Alternative Use

      Use
      Estimation
      OFFICE BUILDING
      $380,000
      Current use
      COMMERCIAL (GENERAL)
      $490,000
      Change: +29% Conversion: Easy
      AUTO REPAIR, GARAGE
      $420,000
      Change: +11% Conversion: Difficult
      MEDICAL BUILDING
      $360,000
      Change: -5% Conversion: Easy

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

    Location Insight

    • Map
    • Local Demand
    City
    Columbus
    County
    Franklin
    State
    Ohio
    Longitude
    -82.9139
    Latitude
    40.006
    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
    $10,076
    $41,020
    $55,970
    $96,990
    -
    $117,200
    $159,900
    $277,100

    Comparable in this City

    • Value Estimation
      $1,075,000
      240,432 SF

      Mccutcheon Rd

      OFFICE BUILDING (MULTI-STORY) • 240,432 SF
      Mccutcheon Rd, Columbus, OH 43219
      View Details
    • Value Estimation
      $885,000
      100,640 SF

      1 Easton Oval

      OFFICE BUILDING (MULTI-STORY) • 100,640 SF
      1 Easton Oval, Columbus, OH 43219-6061
      View Details
    • Value Estimation
      $830,000
      105,210 SF

      4343 Easton Cmns

      OFFICE BUILDING (MULTI-STORY) • 105,210 SF
      4343 Easton Cmns, Columbus, OH 43219-6234
      View Details
    • Value Estimation
      $14,005,000
      638,804 SF

      4 Easton Oval

      OFFICE BUILDING (MULTI-STORY) • 638,804 SF
      4 Easton Oval, Columbus, OH 43219-6010
      View Details
    • Value Estimation
      $440,000
      2,730 SF

      2250 Mock Rd

      OFFICE BUILDING • 2,730 SF
      2250 Mock Rd, Columbus, OH 43219-1261
      View Details
    • Value Estimation
      $675,000
      10,050 SF

      2191-2193 City Gate Dr

      OFFICE BUILDING • 10,050 SF
      2191-2193 City Gate Dr, Columbus, OH 43219
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      56,818 SF

      Easton Area Class A+ Office

      Two-story office building in Easton area, furniture negotiable.
      3400 Morse Xing, Columbus, OH 43219
      View Details
    • $950,000
      7,020 SF

      Columbus Industrial Building For Sale

      Stand-alone industrial building near downtown Columbus with new 5-year lease.
      700 Taylor Ave, Columbus, OH 43219
      View Details
    • Contact for pricing
      18,000 SF

      Single Story Office Suite

      Office suite with 3 private offices near John Glenn Airport.
      2720 Airport Dr, Columbus, OH 43219
      View Details
    • Contact for pricing
      91,249 SF

      Easton Town Center Office Building

      Class A Office, 91,249 SF, Columbus
      3 Easton Oval, Columbus, OH 43219
      View Details
    • $149,888

      Columbus Land: Prime Development Opportunity

      13,503.6 sq ft lot in top school district
      3703 Genessee Ave, Columbus, OH 43219
      View Details
    • $1,380,000
      1.38 Acres

      Cassady Ave Commercial Land Plot

      1.38 Acres, Prime Columbus Location
      1500 Cassady Ave, Columbus, OH 43219
      View Details

    Similar Nearby for Lease

    • $18 SF/Yr
      8,061 SF

      Class A Office Space Available

      Four-story office building near airport and Easton Town Center.
      2780 Airport Dr, Columbus, OH 43219
      View Details
    • $26 SF/Yr
      18,000 SF

      Airport Drive Office Space

      Modern Office Suites, Flexible Options
      2720 Airport Dr, Columbus, OH 43219
      View Details
    • $15 SF/Yr
      45,426 SF

      Prime Agler Road Office Space

      Executive Suites, Ample Parking, Great Location
      3443 Agler Rd, Columbus, OH 43219
      View Details
    • $10 SF/Yr
      150,000 SF

      Citygate Commerce Center: Columbus, OH

      Class A Flex Space, Columbus, Ohio
      2120-2240 Citygate Dr, Columbus, OH 43219
      View Details
    • $12 SF/Yr
      41,000 SF

      Columbus Medical Office Building

      Modern medical office space available.
      3100 Plaza Properties Blvd, Columbus, OH 43219
      View Details
    • $16 SF/Yr
      6,665 SF

      Columbus Office Space For Lease

      Office space available for lease in Columbus, Ohio.
      2 Easton Oval, Columbus, OH 43219
      View Details
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    2804 Johnstown Rd
    Columbus, OH 43219-2471
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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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