3093 Cleveland Ave Columbus, OH 43224-3684
Property Lookup
Property profile & analytics
3093 Cleveland Ave Columbus, OH 43224-3684
- Drug stores
- 14,678 SF
- 0.35 lot acres
Property ID
US66-6206985
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.
Location Intelligence
Current Use by Public Records
- Walgreens Photo / (Bike/Boat/Book/etc) Store
- Jodie L. Lones, RPh / Pharmacy
- Walgreens Pharmacy / Pharmacy
- COVID-19 Drive-thru Testing at Walgreens / Pharmacy
- LibertyX Bitcoin ATM / Atm
Property Details for 3093 Cleveland Ave
- Year built
- 2003
- Lot size
- 0.35 lot acres
- Property size
- 14,678 SF
- Property type
- Drug stores
- APN
- 010-075327
- APU
- 10075327
Description
This Columbus, Ohio Walgreens offers a compelling investment opportunity. The 14,264 square foot property, built in 2003, sits on a 0.998-acre lot and boasts a strong 11.00% cap rate, generating a $352,000 NOI. The absolute NNN lease with Walgreens, a highly creditworthy tenant, has a remaining term of 4.9 years, followed by 10 (5-year) option periods. There are no rent bumps and no landlord obligations. The property benefits from its prime location in a dense residential area, just two blocks from a large shopping center and directly across from a CVS pharmacy (with its retail portion closed). The area's strong demographics include approximately 365,021 residents and 154,024 households within a 5-mile radius, further enhanced by the proximity to Ohio State University (approximately 3 miles away) with its 60,000+ students. The Columbus market is thriving, with major employers like Nationwide and JP Morgan Chase, and a significant upcoming investment from Intel. Columbus is the 7th largest economy in the US, and Ohio's 0% state corporate income tax creates a favorable business environment. The asking price is $3,200,000, representing a price per square foot of $224.34. This is a fee simple ownership opportunity.
Value Estimations
based on Realmo’s proprietary methodology
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $1,852,000
- AI Estimate
- $1,591,000
Market price range: $492k - $1.85MMarket price range: $561k - $1.59M -
Alternative Use
- Use
- Estimation
- RETAIL STORES
- $1,285,000 Current use
- AUTO REPAIR, GARAGE
- $2,330,000 Change: +81% Conversion: Difficult
- APARTMENT HOUSE (5+ UNITS)
- $2,130,000 Change: +66% Conversion: Difficult
- OFFICE BUILDING
- $2,095,000 Change: +63% Conversion: Easy
- MEDICAL BUILDING
- $1,980,000 Change: +55% Conversion: Difficult
- NEIGHBORHOOD: SHOPPING CENTER
- $1,585,000 Change: +24% Conversion: Moderate
- COMMERCIAL (GENERAL)
- $1,425,000 Change: +11% Conversion: Easy
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Columbus
- County
- Franklin
- State
- Ohio
- Longitude
- -82.9644
- Latitude
- 40.0311
- 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
$47,580
$39,830
$611,520
$651,350
-
$113,800
$1,747,200
$1,861,000
