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    3499 Clime Rd Columbus, OH 43223-3440
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    Property profile & analytics

    3499 Clime Rd, Columbus, OH 43223-3440

    View on Map
    • Drug stores
    • 10,113 SF
    • 1.12 lot acres
    Off-Market
    Last Sale Mar 9, 2022
    $2,430,000
    Property ID
    US66-2610974
    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
    $2,495,000
    Show details
    Cap Rate Potential
    4.6%
    Drug stores
    Location Intelligence

    Current Use by Public Records

    • CVS Pharmacy / Pharmacy
    • Redbox / Cinema / (Bike/Boat/Book/etc) Store
    • MoneyGram / Bank / Credit Union
    • CVS / Cosmetic Store
    • Coinhub Bitcoin ATM Teller / Atm

    Property Details for 3499 Clime Rd

    Year built
    1999
    Lot size
    1.12 lot acres
    Property type
    Drug stores
    APN
    010-249528
    APU
    10249528

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Mar 9, 2022 $2,430,000 Brotherhood Limited Nc LLC Ccolumbus Oh Realty I LLC Limited Warranty Deed $1.6M · City National Bank Of West Virginia
    Jul 26, 2004 $2,092,400 Ccolumbus Oh Realty I LLC Wec 99j-56 LLC Grant Deed —

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $2,560,000
      ML approach
      $2,565,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $1,945,000
      6.5%
      $1,795,000
      7%
      $1,665,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $1,745,000
      Market price range: $523k - $1.75M
      AI Estimate
      $1,882,000
      Market price range: $340k - $1.88M

    • Alternative Use

      Use
      Estimation
      RESTAURANT
      $2,305,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Columbus
    County
    Franklin
    State
    Ohio
    Longitude
    -83.0898
    Latitude
    39.927
    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
    $47,746
    $171,220
    $482,410
    $653,630
    -
    $489,200
    $1,378,300
    $1,867,500

    Comparable in this City

    • Value Estimation
      $2,700,000
      15,096 SF

      1162 Harrisburg Pike

      DRUG STORE, PHARMACY
      1162 Harrisburg Pike, Columbus, OH 43223-2847
      View Details
    • Value Estimation
      $1,245,000
      35,356 SF

      801 Harrisburg Pike

      RETAIL STORES (PERSONAL SERVICES)
      801 Harrisburg Pike, Columbus, OH 43223-2163
      View Details
    • Value Estimation by Request
      1,608 SF

      1185 Sullivant Ave

      RETAIL STORES (PERSONAL SERVICES)
      1185 Sullivant Ave, Columbus, OH 43223-1350
      View Details
    • Value Estimation
      $1,395,000
      2,856 SF

      2185 Mound St

      CONVENIENCE STORE
      2185 Mound St, Columbus, OH 43223-2020
      View Details
    • Value Estimation by Request
      0.16 Acres

      2240 Sullivant Ave

      CONVENIENCE STORE
      2240 Sullivant Ave, Columbus, OH 43223-1037
      View Details
    • Value Estimation
      $1,360,000
      2,571 SF

      2016 Sullivant Ave

      RETAIL STORES (PERSONAL SERVICES)
      2016 Sullivant Ave, Columbus, OH 43223-1108
      View Details

    Similar Nearby for Sale

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      78,460 SF

      Retail Space Near Interstate 70

      Retail space with high visibility and traffic count.
      612-690 Harrisburg Pike, Columbus, OH 43223
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      West Mound Street Flex Space

      Flex space suitable for various business types near downtown Columbus.
      1516 West Mound St, Columbus, OH 43223
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      Columbus Commercial Land For Sale

      Commercial land approved for gas station, retail, and grocery.
      1264 Frank Rd, Columbus, OH 43223
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    • $1,995,000

      Columbus Industrial Land For Sale

      6.75 acres of industrial land ready for development.
      1967 Jackson Rd, Columbus, OH 43223
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      18,444 SF

      Columbus Industrial Warehouse on Jackson

      18,444 SF industrial warehouse on 3.25 acres in Columbus.
      1945 Jackson Rd, Columbus, OH 43223
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      18,900 SF

      Columbus Cross-Dock With Outdoor Storage

      18,900 SF Columbus cross-dock facility with outdoor storage.
      1028-1030 Frank Rd, Columbus, OH 43223
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    Similar Nearby for Lease

    • $7 SF/Yr
      7,422 SF

      Freestanding Flex Building with Overhead Doors

      Freestanding commercial building with parking lot and two overhead doors, offered NNN as-is for qualified tenants in Columbus, OH.
      1082 W Mound St, Columbus, OH 43223
      View Details
    • Contact for pricing
      1,482 SF

      Retail Space in Southwest Square

      Open strip center with frontage on Harrisburg Pike and Eakin Road.
      2117-2177 Eakin Rd, Columbus, OH 43223
      View Details
    • $800 /Mo
      1,634 SF

      Salon Suite with Off-Street Parking

      Quiet, well-kept salon space with two stations and off-street parking for a focused client experience.
      1480 Marsdale Ave, Columbus, OH 43223
      View Details
    • Contact for pricing

      Freestanding Building in Redevelopment Location

      Freestanding building with ample parking and easy highway access.
      1082 West Mound St, Columbus, OH 43223
      View Details
    • Contact for pricing

      Industrial Outdoor Storage Opportunity

      Industrial outdoor storage with small office and truck scale access.
      777 Frank Rd, Columbus, OH 43223
      View Details
    • Contact for pricing

      Versatile Flex Space for Rent

      1,200 SF unit with office and warehouse space available.
      1520 Harmon Ave, Columbus, OH 43223
      View Details
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    3499 Clime Rd
    Columbus, OH 43223-3440
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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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    3499 Clime Rd, Columbus, OH, 43223
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