Financial
Distress signals
Property profile

37 N 3Rd St Columbus, OH 43215

FOR LEASE
Office buildings
Property ID
US66-2119610
5,565 SF 0.1 ac lot Built 1932
Last sale Nov 2007
Individually Owned Owner of record is an individual. 18-yr Hold Held for 18 years. Free & Clear No active or open recorded mortgage detected.
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Property summary

AI-generated overview

This office space comprises approximately 2,500 square feet and is configured to support commercial office use. The property includes on-site parking and provides space suited for exterior signage. The location is near Mitchell's Steakhouse and within walking distance of Capitol Square, Gay Street, The Columbus Renaissance Hotel, and other hotels and restaurants.

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. In the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Mortgages

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax · 2023

What does the county charge?
$12k
Tax billed · 2023
Assessed value$147k
Assessed land$113k
Assessed improvement$34k
Effective rate8.02%

Value estimate

· Sep 2026
$555k
$500k – $611k
AI approach$370k
Submarket $/SF estimate$559k
NOI build-up
Gross scheduled income$81k
Vacancy & credit loss−$7k
Operating expenses−$22k
NOI · 370,578.57% cap applied$52k

Realmo valuation models over county records and 10 qualifying comparable sales.

Recently sold

What actually traded nearby?
$142/SF
ZIP average, outlier-cleaned · 65 recorded sales of this use type
Observed band · Q1–Q3$73 – $213
Qualifying comparables10

Cap rate analysis

How does the asset earn?
370,578.57%
$52k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

No data for this section
What can be built here?

No zoning code is on file for this parcel. Coverage grows with every catalog release.

JurisdictionFRANKLIN

Location intelligence

Which uses thrive at this corner?
Best fit: Electrical Service
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Electrical Service11.0
Laundry Service10.7
Shoe Repair8.7

Location

37 N 3Rd St Columbus, OH 43215
County assessor Recorded deeds · 1 transfer 10 qualifying comp sales Zoning catalog · not on file

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 18 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
16 Buttles, Columbus, OH 43215-1424 $1,600,000 Jun 2025 7,049 SF
486 City Park, Columbus, OH 43215-5707 $1,000,000 May 2025 8,720 SF
601 High, Columbus, OH 43215-5620 $2,534,000 Apr 2025 7,500 SF
264 3rd, Columbus, OH 43215-5112 $1,800,000 Jul 2024 8,494 SF
556 Town, Columbus, OH 43215-4802 $576,000 Apr 2024 7,946 SF
1310 Dublin, Columbus, OH 43215-1093 $1,451,000 Apr 2024 6,813 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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