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    Property profile & analytics

    3703 Genessee Ave Columbus, OH 43219

    • Commercial real estate
    For Sale
    View listing
    $149,888
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US66-2069618
    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

    • Commercial real estate

    Property Details for 3703 Genessee Ave

    Property type
    Commercial real estate

    Description

    This exceptional 13,503.6 square foot land parcel presents a unique development opportunity in Columbus, Ohio. Located at 3703 Genessee Avenue, this property comprises three contiguous parcels, including Parcel #191-000480, totaling nearly half an acre. Its prime location within the highly-rated Gahanna Jefferson School District, consistently ranked among Central Ohio's best, makes it particularly attractive for residential development. The address is 3703 Genessee Avenue, Columbus, OH 43219, situated in Franklin County. The asking price for this exceptional land is $149,888. This is a rare chance to acquire a substantial lot in a desirable area, offering significant potential for building a dream home or undertaking a larger-scale residential project. The property's size and location within a top-performing school district are key selling points, promising strong future value and appeal to potential buyers. The combined parcels offer a significant buildable area, ideal for a variety of residential construction plans. This is a truly exceptional opportunity for discerning buyers seeking a prime location for their next project. Act quickly, as properties like this in this sought-after area are rarely available.

    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
    -82.9107743
    Latitude
    40.0168126

    Comparable in this City

    • $257,000

      Land Near Easton Town Center

      Land available near shopping, parks, and Columbus Airport.
      2423 Stelzer Rd, Columbus, OH 43219
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    • $505,000

      Land on Stelzer and Agler

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    • $2,800,000
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      Prime Development Land in Columbus

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      Columbus Land: 2 Acres, 14.5 Lots

      Prime Gahanna location, build your vision!
      3800 Minnesota Ave, Columbus, OH 43219
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    • $45,900

      Well-Manicured Corner Lot Available

      Corner lot, mostly fenced, well-manicured, minutes from downtown.
      1991 Woodland Ave, Columbus, OH 43219
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    • $1,750,000

      Land on Corner Location

      3.16 acres on hard corner near airport and Easton.
      2001 Stelzer Rd, Columbus, OH 43219
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    Similar Nearby for Sale

    • $257,000

      Land Near Easton Town Center

      Land available near shopping, parks, and Columbus Airport.
      2423 Stelzer Rd, Columbus, OH 43219
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    • $505,000

      Land on Stelzer and Agler

      1.62 acres of commercial land in Columbus, Ohio.
      3662 Agler Rd, Columbus, OH 43219
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    • $2,800,000
      4.00 Acres

      Prime Development Land in Columbus

      4 acres of commercial land with frontage on Stelzer Rd.
      2275 Stelzer Rd, Columbus, OH 43219
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    • $717,750

      Columbus Land: 2 Acres, 14.5 Lots

      Prime Gahanna location, build your vision!
      3800 Minnesota Ave, Columbus, OH 43219
      View Details
    • $45,900

      Well-Manicured Corner Lot Available

      Corner lot, mostly fenced, well-manicured, minutes from downtown.
      1991 Woodland Ave, Columbus, OH 43219
      View Details
    • $1,750,000

      Land on Corner Location

      3.16 acres on hard corner near airport and Easton.
      2001 Stelzer Rd, Columbus, OH 43219
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    Similar Nearby for Lease

    • Contact for pricing
      124,781 SF

      Easton Oval Class A Office Space

      Columbus, Ohio Office Building - 107,600 SF Available
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    • $22 SF/Yr
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      Office Space Near Easton Center

      Sublease office space across from Easton Town Center.
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      29,260 SF

      Industrial Property with Hazard Compliance

      Industrial property featuring hazard compliance and potential rail service.
      1100 Woodland Ave, Columbus, OH 43219
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      60,000 SF

      New Speculative Warehouse Near Airport

      Under-construction 207,740 SF warehouse near Columbus Airport.
      885 Stelzer Rd, Columbus, OH 43219
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    • $21 SF/Yr
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      Regus Easton Office Space

      Prime Easton location; flexible office solutions.
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    • Contact for pricing
      40,000 SF

      Columbus Warehouse Space Available

      40000 sqft warehouse space for rent in Columbus, OH.
      4480 Bridgeway Ave, Columbus, OH 43219
      View Details
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    3703 Genessee Ave
    Columbus, OH 43219
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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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