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    3535 E Main St Columbus, OH 43213
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    3535 E Main St, Columbus, OH 43213

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    • Automotive properties
    • 576 SF
    • 0.99 lot acres
    For Sale
    $1,639,000
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    Columbus Land For Sale For Sale
    $1,639,000

    Columbus Land For Sale

    Land available for sale in Columbus, Ohio.

    3535 E Main St, Columbus, OH 43213
    View Listing
    Property ID
    US66-0447860
    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
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Shaddai Auto Sales Llc / Car Dealership

    Property Details for 3535 E Main St

    Year built
    1967
    Construction
    WOOD
    Lot size
    0.99 lot acres
    Property type
    Automotive properties
    APN
    090-000306
    APU
    90000306

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Sep 16, 2024 — Maplewood Management INC — Deed · related $620k · Wesbanco Bank INC
    Nov 8, 2019 — Maplewood Management INC — Deed · related $310k · Wesbanco Bank INC
    Sep 10, 2019 — Maplewood Management INC Shadah,jose & Natalie M Warranty Deed —
    Jul 8, 2019 — Jose Shadah — Deed · related $149k · Wesbanco Bank INC
    Feb 11, 2019 $170,000 Jose Shadah Jmm Real Estate LLC Warranty Deed —
    Dec 4, 2000 $275,000 Jmm Real Estate LLC Andrea,michael T Grant Deed $220k · Fifth Third Mortgage Co
    — — Jmm Real Estate LLC — Deed Of Trust · related $1.7M · Provident Savings Bank
    — — Jmm Real Estate LLC — Deed Of Trust · related $1.1M · Fifth Third Bk

    Description

    This exceptional investment opportunity encompasses two prime retail properties situated at 3535 and 3557 E Main Street in Columbus, Ohio, within Franklin County's 43213 zip code. The combined offering totals approximately 2.77 acres of land and includes two buildings. One building offers approximately 3,154 square feet, while the other provides roughly 576 square feet of office space. The larger building features five overhead doors and floor drains, previously used as a commercial garage. Both properties boast 100% occupancy and benefit from a highly visible location on a main thoroughfare, with prominent marquee signage. The sites are strategically positioned across the street from the new Enclave on Main development and enjoy proximity to a high-traffic Walmart, ensuring consistent customer flow. The Whitehall occupancy permit provides details on potential future uses for the properties. The asking price for this combined retail land and building investment is $1,639,000. This presents a rare chance to acquire established, high-performing retail assets in a thriving Columbus neighborhood.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Columbus
    County
    Franklin
    State
    Ohio
    Longitude
    -82.9039
    Latitude
    39.9559
    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
    $5,080
    $56,840
    $10,960
    $67,800
    -
    $162,400
    $31,300
    $193,700

    Comparable in this City

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      $3,370,000
      46,700 SF

      300 Hamilton Rd

      VEHICLE SALES, RENTALS
      300 Hamilton Rd, Columbus, OH 43213-1310
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    • Value Estimation
      $1,965,000
      19,533 SF

      301 Hamilton Rd

      VEHICLE SALES, RENTALS
      301 Hamilton Rd, Whitehall, OH 43213-1311
      View Details
    • Value Estimation by Request
      0.16 Acres

      Main St

      VEHICLE SALES, RENTALS
      Main St, Columbus, OH 43213
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    • Value Estimation by Request
      374 SF

      3333 Main St

      VEHICLE SALES, RENTALS
      3333 Main St, Columbus, OH 43213-2742
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    • Value Estimation
      $1,535,000
      29,198 SF

      465 Hamilton Rd

      VEHICLE SALES, RENTALS
      465 Hamilton Rd, Columbus, OH 43213-2035
      View Details

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      Commercial Garage on Main Street

      Commercial garage with office space on a 2.77-acre parcel.
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      Columbus Shopping Center For Sale

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      Retail Space in Busy Center

      Neighborhood shopping center with high visibility and convenient parking.
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      Retail Opportunities on East Broad

      Retail spaces available within a large shopping center development.
      6791-6977 East Broad St, Columbus, OH 43213
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      Mixed-Use Development in Whitehall, Ohio

      21-acre mixed-use development with office, retail, and apartments.
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      Retail Space in Whitehall, OH

      Retail space in a vibrant, high-traffic Whitehall location.
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      4,800 SF

      Retail Space in Kroger Anchored Center

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    View Listing
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    Columbus, OH 43213
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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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