Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    3232 Alum Crk Dr Columbus, OH 43207-3417
    Property profile & analytics

    3232 Alum Crk Dr, Columbus, OH 43207-3417

    View on Map
    • Warehouses
    • 302,039 SF
    • 50.18 lot acres
    Off-Market
    Last Sale May 21, 2025
    Property ID
    US66-1820100
    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
    $17,590,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Value City Furniture Delivery Center / Furniture & Home Goods / Home Decor Store

    Property Details for 3232 Alum Crk Dr

    Year built
    1991
    Lot size
    50.18 lot acres
    Property type
    Warehouses
    APN
    530-156597
    APU
    530156597

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Aug 21, 2025 — 3080 & 3232 Alum Creek Drive LLC Jal Realty Co Deed —
    Feb 7, 2022 — Jal Realty Alum Creek LLC Jal Realty Co Quit Claim Deed · related —
    Sep 11, 1997 — Ssc-alum Creek LLC — Deed Of Trust · related $18.4M · Nomura Asset Capital

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $15,941,000
      Market price range: $3.43M - $15.9M

    • Alternative Use

      Use
      Estimation
      WAREHOUSE, STORAGE
      $20,620,000
      Current use

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

    Location Insight

    • Map
    • Local Demand
    City
    Columbus
    County
    Franklin
    State
    Ohio
    Longitude
    -82.9262
    Latitude
    39.9046
    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
    $402,464
    $811,020
    $6,131,970
    $6,942,990
    -
    $2,317,200
    $17,519,900
    $19,837,100

    Comparable in this City

    • Value Estimation by Request
      0.22 Acres

      Hosack St

      MINI-WAREHOUSE, STORAGE
      Hosack St, Columbus, OH 43207
      View Details
    • Value Estimation by Request
      1.24 Acres

      Creekway Dr

      WAREHOUSE, STORAGE
      Creekway Dr, Columbus, OH 43207
      View Details
    • Value Estimation
      $25,670,000
      277,746 SF

      1590 Williams Rd

      WAREHOUSE, STORAGE
      1590 Williams Rd, Columbus, OH 43207-5183
      View Details
    • Value Estimation
      $8,205,000
      82,416 SF

      1884 Williams Rd, Unit 1900

      WAREHOUSE, STORAGE
      1884 Williams Rd, Columbus, OH 43207-5113
      View Details
    • Value Estimation by Request
      1,680 SF

      4220 Groveport Rd

      MINI-WAREHOUSE, STORAGE
      4220 Groveport Rd, Obetz, OH 43207-4309
      View Details
    • Value Estimation
      $5,425,000
      10,821 SF

      2177 Williams Rd

      WAREHOUSE, STORAGE
      2177 Williams Rd, Columbus, OH 43207-5193
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Office/Warehouse Space with Truck Parking

      17,900 SF office/warehouse with potential for truck parking.
      2495 Creekway Dr, 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
      13,200 SF

      High Street Commercial Building

      13,200 SF building on High Street with flexible layout.
      1885-1895 S High St, Columbus, OH 43207
      View Details
    • $9,995,000

      Columbus Manufacturing Warehouse with Rail Access

      240,000 SF multi-purpose warehouse with outside storage and highway access.
      521 Marion Rd, Columbus, OH 43207
      View Details
    • Contact for pricing

      Versatile Building in Growing Community

      Office, warehouse, and turnkey brewery spaces available in revitalized Steelton Village.
      2025 S High St, Columbus, OH 43207
      View Details
    • Contact for pricing

      Columbus Industrial Warehouse and Office

      Industrial warehouse and office spaces with convenient freeway access.
      711 Southwood 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
    • 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
    • Contact for pricing
      87,641 SF

      Columbus Industrial Distribution Center Space

      Industrial space for lease in Columbus distribution center.
      1695 Williams Rd, Columbus, OH 43207
      View Details
    • Contact for pricing
      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
    • Contact for pricing

      Versatile Industrial Space with Storage

      7,037 SF industrial space with exterior storage and potential uses.
      2200 Lockbourne Rd, Columbus, OH 43207
      View Details
    • Contact for pricing
      25,100 SF

      Industrial Building For Sublease

      87,000 SF industrial building with easy freeway access.
      711-1525 Southwood 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.
    3232 Alum Crk Dr
    Columbus, OH 43207-3417
    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
    3232 Alum Crk Dr, Columbus, OH, 43207
    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!