Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    3220 Groveport Rd Columbus, OH 43207-3259

    • Commercial real estate
    • 32,074 SF
    • 8.66 lot acres
    OFF-MARKET
    Last Sale
    Feb 02, 2022
    Value Estimations
    $1,025,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US66-1337398
    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

    • Prodigious Academy / Daycare Center / Foster Care Service
    • Surety Association of Ohio / Association / Organization
    • South Columbus Preparatory Academy at Southfield / High School

    Property Details for 3220 Groveport Rd

    Year built
    1926
    Construction
    WOOD
    Lot size
    8.66 lot acres
    Property size
    32,074 SF
    Property type
    Commercial real estate
    APN
    010-116107
    APU
    10116107

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $1,066,000
      Market price range: $1.07M - $4.06M
      AI Estimate
      $1,399,000
      Market price range: $1.31M - $4.99M

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

    Location Insight

    • Map
    • Local Demand
    City
    Columbus
    County
    Franklin
    State
    Ohio
    Longitude
    -82.9626
    Latitude
    39.9007
    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
    $16,340
    $73,920
    $149,770
    $223,690
    -
    $211,200
    $427,900
    $639,100

    Comparable in this City

    • Value Estimation by Request
      0.01 Acres

      Rear Lindsay Rd Rd

      COMMERCIAL (GENERAL) • 0.01 Acres
      Rear Lindsay Rd Rd, Columbus, OH 43207
      View Details
    • Value Estimation by Request
      1.03 Acres

      Marion Rd

      COMMERCIAL (GENERAL) • 1.03 Acres
      Marion Rd, Columbus, OH 43207
      View Details
    • Value Estimation by Request
      6.15 Acres

      4999 Parsons Ave

      COMMERCIAL (GENERAL) • 6.15 Acres
      4999 Parsons Ave, Columbus, OH 43207
      View Details
    • Value Estimation by Request
      0.01 Acres

      1168 Secrest Ave

      COMMERCIAL (GENERAL) • 0.01 Acres
      1168 Secrest Ave, Columbus, OH 43207-5060
      View Details
    • Value Estimation by Request
      0.01 Acres

      344 Williams Rd

      COMMERCIAL (GENERAL) • 0.01 Acres
      344 Williams Rd, Columbus, OH 43207
      View Details
    • Value Estimation by Request
      0.01 Acres

      1668 4th St

      COMMERCIAL (GENERAL) • 0.01 Acres
      1668 4th St, Columbus, OH 43207
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      12.00 Acres

      Rickenbacker Gateway Land - 12 Acres

      Prime Ohio Commercial Land, I-270 Access
      0 Rickenbacker Gtwy Groveport Rd, Obetz, OH 43207
      View Details
    • Contact for pricing
      50.00 Acres

      Columbus Commercial Land - 50 Acres

      Prime Columbus location, build-to-suit options.
      4299 Alum Creek Dr, Columbus, OH 43207
      View Details
    • $565,000

      High Street Multifamily Investment

      Four-unit Columbus apartment building with upside.
      1470 High St, Columbus, OH 43207
      View Details
    • $1,690,000
      14,160 SF

      High Street Retail Opportunity

      Columbus Mixed-Use Investment
      1752-1776 High St, Columbus, OH 43207
      View Details
    • Contact for pricing
      142,130 SF

      Renovated Flex Space in Columbus

      Flexible leasing opportunities in a renovated, centrally located Columbus complex.
      2000 S High St, Columbus, OH 43207
      View Details
    • $179,000
      880 SF

      Revitalized Retail Space on Parsons

      Renovated retail space in a dynamic, growing Columbus corridor.
      1536 Parsons Ave, Columbus, OH 43207
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      19,764 SF

      Columbus Warehouse: 19,764 SF

      Prime Columbus warehouse, 19,764 sq ft.
      1663 Watkins Rd, Columbus, OH 43207
      View Details
    • $4 SF/Yr
      394,016 SF

      Versatile Industrial Space with Highway Access

      Functional industrial space near major highways, suitable for diverse businesses.
      750 Marion Rd, Columbus, OH 43207
      View Details
    • Contact for pricing
      599,040 SF

      Spacious Warehouse and Distribution Facility

      Large industrial building with docks and drive-in doors for lease.
      2255 Parsons Ave, Columbus, OH 43207
      View Details
    • Contact for pricing
      244,800 SF

      Columbus Industrial Portfolio Opportunity

      Three-building portfolio near I-270 and CSX intermodal yard.
      1580 Williams Rd, Columbus, OH 43207
      View Details
    • $3 SF/Yr
      87,641 SF

      Columbus Industrial Distribution Center Space

      Industrial space for lease in Columbus distribution center.
      1695 Williams Rd, Columbus, OH 43207
      View Details
    • $9 SF/Yr
      7,500 SF

      Industrial Warehouse Near I-70

      7,500 SF industrial warehouse space near I-70 available for lease.
      2080-2090 Fairwood Ave, Columbus, OH 43207
      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.
    3220 Groveport Rd
    Columbus, OH 43207-3259
    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

    Google sign-in failed. Please try again or use another login method.