Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    3121 Olentangy Riv Rd Columbus, OH 43202-1518
    Back to Search
    Property profile & analytics

    3121 Olentangy Riv Rd, Columbus, OH 43202-1518

    View on Map
    • Hotels
    • 69,643 SF
    • 0.84 lot acres
    Off-Market
    Property ID
    US66-0451575
    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.
    Value Estimations
    $4,265,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Hotels

    Property Details for 3121 Olentangy Riv Rd

    Year built
    2015
    Lot size
    0.84 lot acres
    Property type
    Hotels
    APN
    010-117369
    APU
    10117369

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Apr 18, 2018 — Jai Guru LLC — Grant Deed · related $6.3M · Community Dev Commission
    May 29, 2012 $235,000 Jai Guru LLC Platinum Auto Wash LLC Grant Deed —
    Feb 4, 2004 $2,875,000 Platinum Auto Wash LLC Magna National Realty LLC Grant Deed $3.5M · Heartland Bank
    Dec 27, 1999 $320,000 Magna National Realty LLC Miracle Partners INC Grant Deed —
    Nov 12, 1997 — Miracle Partners INC Deal,eugene Quit Claim Deed · related —
    — — Jai Guru LLC — Deed Of Trust · related $6.3M · Mutual Fsb
    — — Jai Guru LLC — Deed Of Trust · related $6.3M · Mutual Fsb
    — — Magna National Realty LLC — Deed Of Trust · related $950k · Perpetual Savings Bank
    — — Jai Guru LLC — Deed Of Trust · related $3.8M · Mutual Fsb
    — — Miracle Partners INC — Deed Of Trust · related $1M · Heartland Bank
    — — Platinum Auto Wash LLC — Deed Of Trust · related $200k · Magna National Financial LLC

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $5,955,000
      6.5%
      $5,495,000
      7%
      $5,105,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Columbus
    County
    Franklin
    State
    Ohio
    Longitude
    -83.0268
    Latitude
    40.0244
    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
    $63,279
    $191,420
    $2,699,310
    $2,890,730
    -
    $546,900
    $7,712,300
    $8,259,200

    Comparable in this City

    • Value Estimation
      $3,020,000
      36,426 SF

      3100 Olentangy Riv Rd

      HOTEL
      3100 Olentangy Riv Rd, Columbus, OH 43202-1517
      View Details
    • Value Estimation
      $7,320,000
      103,796 SF

      3160 Olentangy Riv Rd

      HOTEL
      3160 Olentangy Riv Rd, Columbus, OH 43202-1517
      View Details
    • Value Estimation
      $6,210,000
      87,816 SF

      3232 Olentangy Riv Rd

      HOTEL
      3232 Olentangy Riv Rd, Columbus, OH 43202-1519
      View Details
    • Value Estimation
      $6,065,000
      91,947 SF

      3031 Olentangy Riv Rd

      HOTEL
      3031 Olentangy Riv Rd, Columbus, OH 43202-1516
      View Details
    • Value Estimation
      $4,440,000
      67,934 SF

      3045 Olentangy Riv Rd

      HOTEL
      3045 Olentangy Riv Rd, Columbus, OH 43202-1516
      View Details
    • Value Estimation by Request
      0.17 Acres

      Olentangy Riv Rd

      MOTEL
      Olentangy Riv Rd, Columbus, OH 43202
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Updated Arts and Crafts Duplex

      Remodeled duplex in historic Glen Echo Ravine neighborhood.
      2539 N 4Th St, Columbus, OH 43202
      View Details
    • $550,000
      2,352 SF

      Updated Duplex in South Clintonville

      Updated duplex with 3 bedrooms, 1 bath per unit.
      139 West Como Ave, Columbus, OH 43202
      View Details
    • New
      $399,000
      0.07 Acres

      Columbus Duplex Near High Street

      Two-unit property in desirable location with income potential.
      154 E Tompkins St, Columbus, OH 43202
      View Details
    • Contact for pricing

      Clintonville Duplex with Renovated Units

      Renovated Clintonville duplex, ideal for investors seeking cashflow.
      2836-2838 Indianola Ave, Columbus, OH 43202
      View Details
    • Contact for pricing
      14,628 SF

      Retail Space Near Ohio State

      Retail space available near Ohio State University main campus.
      2563-2573 N High St, Columbus, OH 43202
      View Details
    • Contact for pricing
      1,616 SF

      North University Duplex For Sale

      Two-unit property in the heart of the North University area.
      2478-2480 Deming Ave, Columbus, OH 43202
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Retail Space Near Ohio State

      Retail space near Ohio State University with high traffic volume.
      3025 Olentangy River Rd, Columbus, OH 43202
      View Details
    • Contact for pricing
      4,482 SF

      Retail Space Near Ohio State

      Retail space in underserved market near Ohio State University.
      2875 Olentangy River Rd, Columbus, OH 43202
      View Details
    • Contact for pricing

      Prime Retail Space in Columbus

      Premier retail location in Clintonville neighborhood with high visibility.
      3230 N High St, Columbus, OH 43202
      View Details
    • Contact for pricing
      1,950 SF

      Retail Space Near OSU Campus

      Retail space near public transportation and OSU main campus.
      2465-2477 North High St, Columbus, OH 43202
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    3121 Olentangy Riv Rd
    Columbus, OH 43202-1518
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    3121 Olentangy Riv Rd, Columbus, OH, 43202
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!