Add Listing
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

    3700 Parsons Ave Columbus, OH 43207-5285

    • Medical Office Space
    • 3,712 SF
    • 0.43 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US66-1434951
    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

    • Scott A Kelly DDS / Dental Office
    • Smile Centers of Columbus / Dental Office
    • Southern Medical Clinic / Medical Clinic
    • Dental Lab One / Dental Office
    • Dr. Mitchell Hobbs / Medical Clinic

    Property Details for 3700 Parsons Ave

    Year built
    1969
    Construction
    WOOD
    Lot size
    0.43 lot acres
    Property size
    3,712 SF
    Property type
    Medical Office Space
    Property subtype
    Medical centers
    APN
    010-111440
    APU
    10111440

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Columbus
    County
    Franklin
    State
    Ohio
    Longitude
    -82.9869
    Latitude
    39.8862
    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
    $6,328
    $18,100
    $68,530
    $86,630
    -
    $51,700
    $195,800
    $247,500

    Comparable in this City

    • Value Estimation by Request
      0.08 Acres

      28-30 Jenkins Ave

      MEDICAL BUILDING • 0.08 Acres
      28-30 Jenkins Ave, Columbus, OH 43207
      View Details
    • Value Estimation
      $590,000
      0.11 Acres

      413 Jenkins Ave

      MEDICAL BUILDING • 0.11 Acres
      413 Jenkins Ave, Columbus, OH 43207
      View Details
    • Value Estimation by Request
      3,500 SF

      3476 High St

      MEDICAL BUILDING • 3,500 SF
      3476 High St, Columbus, OH 43207-4007
      View Details
    • Value Estimation by Request
      0.02 Acres

      1685 Lockbourne Rd

      MEDICAL BUILDING • 0.02 Acres
      1685 Lockbourne Rd, Columbus, OH 43207-1476
      View Details
    • Value Estimation by Request
      7,739 SF

      1392-1396 High St

      MEDICAL BUILDING • 7,739 SF
      1392-1396 High St, Columbus, OH 43207
      View Details
    • Value Estimation
      $810,000
      6,000 SF

      2912 High St

      MEDICAL BUILDING • 6,000 SF
      2912 High St, Columbus, OH 43207-3616
      View Details

    Similar Nearby for Sale

    • $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

      High Street Retail/Flex/Office Building

      Renovated 9,450 SF retail/flex/office building available late summer.
      1776 S High St, Columbus, OH 43207
      View Details
    • Contact for pricing

      Modern Office Suites with Industrial Aesthetic

      Two office suites in revitalized Steelton Village, near Downtown Columbus.
      2050 S High St, 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
    • Contact for pricing

      Warehouse with Office and Storage

      6,600 SF warehouse sublease with office, storage, and convenient location.
      1663 Watkins Rd, Columbus, OH 43207
      View Details

    Similar Nearby for Lease

    • $8 SF/Yr
      311,913 SF

      Great Southern Office & Retail Space

      Columbus, OH prime retail location. Multiple suites available.
      3735 High St, Columbus, OH 43207
      View Details
    • $12 SF/Yr
      307,774 SF

      High Street Office Suite 35C

      Columbus Office Space - Move-In Ready
      3862 High St, Columbus, OH 43207
      View Details
    • $4 SF/Yr
      394,016 SF

      Versatile Industrial Space with Highway Access

      Functional space near major highways, suitable for various business purposes.
      750 Marion Rd, Columbus, OH 43207
      View Details
    • $1,900 /Mo
      1,866 SF

      High Street Retail/Office Space

      Versatile space in high-traffic area with on-site parking.
      3504 N High St, Columbus, OH 43207
      View Details
    • $8 SF/Yr
      33,644 SF

      High Street Office Space Available

      Columbus Office Building: Flexible Suites, Ample Parking
      2025 High St, Columbus, OH 43207
      View Details
    • $1.00 SF/Yr
      649 SF

      Historical Building Near Downtown

      Affordable real estate opportunity in a desirable, growing area.
      1725 Parsons 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.
    3700 Parsons Ave
    Columbus, OH 43207-5285
    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.
    Sign Up Successful!
    You now have access to more from Realmo!