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

    2837 Winchester Pike Columbus, OH 43232

    • Strip malls
    • 83,867 SF
    • 13.92 lot acres
    For Lease
    View listing
    $7 SF/Yr
    Last Sale
    Feb 06, 2020
    Value Estimations
    $825,000
    Cap Rate Potential
    Location Intelligence
    Property ID
    US66-1587285
    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

    • Big Lots / Discount Store / Furniture Store

    Property Details for 2837 Winchester Pike

    Year built
    1965
    Lot size
    13.92 lot acres
    Property size
    83,867 SF
    Zone code
    2815
    Property type
    Strip malls
    Property subtype
    Neighborhood centers
    APN
    530-148736
    APU
    530148736

    Description

    This exceptional retail property, located at 2837 Winchester Pike in Columbus, Ohio, presents a significant investment opportunity. The Winchester Business Park encompasses a substantial 121,401 square feet of retail space situated on a generous 13.92-acre lot. Currently, a significant portion of the building, totaling 127,639 square feet, is available for lease. The property is zoned for commercial use and features multiple tenancy options, making it ideal for a variety of retail businesses. Five individual spaces are immediately available, ranging in size from 19,900 to 21,274 square feet, offering flexibility for businesses of varying scales. The property's prime location in Columbus, within Franklin County (APN 530-148736), ensures high visibility and accessibility for potential customers. This is a rare opportunity to acquire a large, well-located retail space in a thriving market. The property's size and layout offer significant potential for expansion or adaptation to suit specific business needs. The ample lot size also provides ample parking and potential for future development. This property is perfect for businesses seeking a prominent presence in a high-traffic area of Columbus. Serious inquiries are encouraged.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $845,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $803,000
      Market price range: $684k - $2.29M

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

    Location Insight

    • Map
    • Local Demand
    City
    Columbus
    County
    Franklin
    State
    Ohio
    Longitude
    -82.9168
    Latitude
    39.9172
    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
    $36,680
    $259,980
    $372,790
    $632,770
    -
    $742,800
    $1,065,100
    $1,807,900

    Comparable in this City

    • Value Estimation
      $270,000
      13,200 SF

      3442 Hamilton Rd, Unit 3456

      SHOPPING CENTER, STRIP CENTER • 13,200 SF
      3442 Hamilton Rd, Columbus, OH 43232-5635
      View Details
    • Value Estimation
      $350,000
      5,760 SF

      4251 Kimberly Pkwy, Unit 4261

      SHOPPING CENTER, STRIP CENTER • 5,760 SF
      4251 Kimberly Pkwy, Columbus, OH 43232-7226
      View Details
    • Value Estimation
      $785,000
      31,351 SF

      2519 Franksway St, Unit 2551

      SHOPPING CENTER, STRIP CENTER • 31,351 SF
      2519 Franksway St, Columbus, OH 43232-4204
      View Details
    • Value Estimation
      $390,000
      13,481 SF

      5589 Chatterton Rd, Unit 5611

      SHOPPING CENTER, STRIP CENTER • 13,481 SF
      5589 Chatterton Rd, Columbus, OH 43232-5890
      View Details
    • Value Estimation
      $400,000
      16,050 SF

      2254 Hamilton Rd, Unit 2274

      SHOPPING CENTER, STRIP CENTER • 16,050 SF
      2254 Hamilton Rd, Columbus, OH 43232-4486
      View Details
    • Value Estimation
      $510,000
      37,742 SF

      3116 Hamilton Rd, Unit 3160

      SHOPPING CENTER, STRIP CENTER • 37,742 SF
      3116 Hamilton Rd, Columbus, OH 43232-5657
      View Details

    Similar Nearby for Sale

    • Contact for pricing
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      Columbus Tim Hortons NNN Lease

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      4.57 Acres

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    Similar Nearby for Lease

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      2,400 SF

      Retail Space in High-Traffic Center

      Retail space for lease in a high-traffic Reynoldsburg center.
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      Free Standing Retail Building

      9,376 SF retail building available immediately in retail corridor.
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      Retail Space on Hamilton Road

      Retail spaces available along a high-traffic corridor in Columbus, OH.
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      Retail Space Available For Rent

      Retail space for rent featuring approximately 633 square feet.
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    • $7 SF/Yr
      121,401 SF

      Winchester Pike Retail Center

      Columbus, Ohio: Prime Retail Space Available
      2837 Winchester Pike, Columbus, OH 43232
      View Details
    • Contact for pricing
      3,615 SF

      Retail Space on Hamilton Road

      Retail spaces with high visibility and accessibility on Hamilton Road.
      2519-2551 Franksway St, Columbus, OH 43232
      View Details
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    Columbus, OH 43232
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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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