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    Property profile & analytics

    3100 Tremont Rd Upper Arlington, OH 43221

    • Office buildings
    • 13,000 SF
    • 0.63 lot acres
    For Lease
    View listing
    $15 SF/Yr
    Last Sale
    Nov 03, 2021
    $1,722,500
    Value Estimations
    $2,240,000
    Cap Rate Potential
    7.8%
    Office buildings
    Location Intelligence
    Property ID
    US66-2542650
    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

    • Office buildings

    Property Details for 3100 Tremont Rd

    Year built
    1962
    Lot size
    0.63 lot acres
    Property size
    13,000 SF
    Property type
    Office buildings
    APN
    070-003316
    APU
    70003316

    Description

    This exceptional 3,485-square-foot office suite, located within a larger 13,800-square-foot building, presents a fantastic opportunity in the desirable Upper Arlington submarket of Columbus. The space features a predominantly open floorplan, ideal for collaborative work environments, complemented by several private offices, a dedicated conference room, and a convenient break area. Existing furniture is available for inclusion, simplifying the transition for new tenants. The building itself sits on a 0.63-acre lot and offers a range of attractive features. Enjoy the convenience of free on-site parking, enhancing accessibility for employees and clients. The property also allows for prominent exterior signage, providing excellent visibility and brand recognition. Its central Upper Arlington location is a significant advantage, placing it in close proximity to Northam Park and within walking distance of a diverse array of restaurants, coffee shops, grocery stores, and other essential amenities. This makes it an exceptionally convenient and attractive location for employees and clients alike. The single-tenant occupancy ensures a private and controlled environment. This property is perfect for a business seeking a well-appointed, conveniently located office space in a thriving community.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $2,045,000
      ML approach
      $1,940,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $2,670,000
      6.5%
      $2,465,000
      7%
      $2,290,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $2,413,000
      Market price range: $980k - $2.88M
      AI Estimate
      $1,405,000
      Market price range: $488k - $1.66M

    • Alternative Use

      Use
      Estimation
      OFFICE BUILDING
      $1,855,000
      Current use
      RESTAURANT
      $2,965,000
      Change: +60% Conversion: Moderate
      AUTO REPAIR, GARAGE
      $2,060,000
      Change: +11% Conversion: Difficult
      APARTMENT HOUSE (5+ UNITS)
      $1,885,000
      Change: +2% Conversion: Easy
      MEDICAL BUILDING
      $1,755,000
      Change: -5% Conversion: Easy

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

    Location Insight

    • Map
    • Local Demand
    City
    Upper Arlington
    County
    Franklin
    State
    Ohio
    Longitude
    -83.0618
    Latitude
    40.0196
    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
    $48,588
    $132,060
    $470,960
    $603,020
    -
    $377,300
    $1,345,600
    $1,722,900

    Comparable in this City

    • Value Estimation
      $855,000
      1,908 SF

      2471 Westmont Blvd

      OFFICE BUILDING • 1,908 SF
      2471 Westmont Blvd, Upper Arlington, OH 43221-3332
      View Details
    • Value Estimation
      $715,000
      19,936 SF

      3070 Riverside Dr

      OFFICE BUILDING • 19,936 SF
      3070 Riverside Dr, Upper Arlington, OH 43221-2547
      View Details
    • Value Estimation
      $270,000
      0.48 Acres

      3366 Riverside Dr

      OFFICE BUILDING • 0.48 Acres
      3366 Riverside Dr, Upper Arlington, OH 43221-1734
      View Details
    • Value Estimation
      $595,000
      0.29 Acres

      2164 Riverside Dr

      OFFICE BUILDING • 0.29 Acres
      2164 Riverside Dr, Upper Arlington, OH 43221-4053
      View Details
    • Value Estimation
      $405,000
      1,947 SF

      1756 Ln Ave

      OFFICE BUILDING • 1,947 SF
      1756 Ln Ave, Upper Arlington, OH 43221-3311
      View Details
    • Value Estimation
      $395,000
      2,496 SF

      1080 Fishinger Rd

      OFFICE BUILDING • 2,496 SF
      1080 Fishinger Rd, Upper Arlington, OH 43221-2302
      View Details

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    • Contact for pricing
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      Serene 2-bedroom, 2-bath condominium with open concept and natural light.
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    Similar Nearby for Lease

    • $1,466 /Mo
      329 SF

      Renovated Office Space on Riverside

      Newly renovated office space with high ceilings and natural light.
      2029 Riverside Dr, Columbus, OH 43221
      View Details
    • $10 SF/Yr
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      Prime Upper Arlington Office Space

      Versatile Office Suites Available Now
      3380 Tremont Rd, Upper Arlington, OH 43221
      View Details
    • $20 SF/Yr
      1,040 SF

      Office Space Near Ohio State

      Shell office space next to Ohio State University available for rent.
      2939 Kenny Rd, Columbus, OH 43221
      View Details
    • $15 SF/Yr
      13,800 SF

      Prime Upper Arlington Office Space

      3,485 SF Office, Abundant Amenities
      3100 Tremont Rd, Upper Arlington, OH 43221
      View Details
    • $21 SF/Yr
      32,000 SF

      Westmont at The Lane Office Suites

      Upper Arlington Office Space: 1,410-11,100 SF
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      View Details
    • $22 SF/Yr
      2,846 SF

      Riverside Drive Office Space Available

      Office space for rent in Upper Arlington near amenities.
      2140-2144 Riverside Dr, Columbus, OH 43221
      View Details
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    3100 Tremont Rd
    Upper Arlington, OH 43221
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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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