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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    38 E Columbus St Pickerington, OH 43147

    • Office buildings
    • 1,408 SF
    • 0.25 lot acres
    For Sale
    View listing
    $449,900
    Value Estimations
    Cap Rate Potential
    7.8%
    Office buildings
    Location Intelligence
    Property ID
    US66-6273276
    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

    • James L. Dye Attorney At Law / Attorney
    • Sarah L. George APRN.FNP-C / Nurse Practitioner
    • Marquis L. Jackson, D.C. / Chiropractor
    • Breakthrough Medical Plus / Chiropractor / Medical Center
    • Dr. Rodney Oberdorf, DC / Chiropractor / Physical Therapy Clinic

    Property Details for 38 E Columbus St

    Year built
    1900
    Construction
    STEEL FRAME
    Lot size
    0.25 lot acres
    Property size
    1,408 SF
    Property type
    Office buildings
    APN
    041-02866.00
    APU
    410286600

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $235,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $300,000
      6.5%
      $280,000
      7%
      $260,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $176,000
      Market price range: $67.8k - $176k
      AI Estimate
      $154,000
      Market price range: $63.3k - $155k

    • Alternative Use

      Use
      Estimation
      RETAIL STORES
      $160,000
      AUTO REPAIR, GARAGE
      $155,000
      COMMERCIAL (GENERAL)
      $150,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Pickerington
    County
    Fairfield
    State
    Ohio
    Longitude
    -82.7526
    Latitude
    39.8842
    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
    $9,187
    $31,420
    $45,460
    $76,880
    -
    $89,760
    $129,890
    $219,650

    Comparable in this City

    • Value Estimation
      $255,000
      1,656 SF

      1239 Hl N Rd

      OFFICE BUILDING (MULTI-STORY) • 1,656 SF
      1239 Hl N Rd, Pickerington, OH 43147-8888
      View Details
    • Value Estimation
      $235,000
      4,788 SF

      30 Hl S Rd

      OFFICE BUILDING (MULTI-STORY) • 4,788 SF
      30 Hl S Rd, Pickerington, OH 43147-1219
      View Details
    • Value Estimation
      $4,865,000
      26,552 SF

      13515 Yarmouth Dr

      OFFICE BUILDING (MULTI-STORY) • 26,552 SF
      13515 Yarmouth Dr, Pickerington, OH 43147-8214
      View Details
    • Value Estimation
      $590,000
      3,696 SF

      1555 Cross Creeks Blvd

      OFFICE BUILDING (MULTI-STORY) • 3,696 SF
      1555 Cross Creeks Blvd, Pickerington, OH 43147-8237
      View Details
    • Value Estimation
      $285,000
      4,570 SF

      650 Hl N Rd

      OFFICE BUILDING (MULTI-STORY) • 4,570 SF
      650 Hl N Rd, Pickerington, OH 43147-9201
      View Details
    • Value Estimation
      $695,000
      6,696 SF

      1229 Hl N Rd

      OFFICE BUILDING (MULTI-STORY) • 6,696 SF
      1229 Hl N Rd, Pickerington, OH 43147-8888
      View Details

    Similar Nearby for Sale

    • $285,000

      Pickerington Office Building For Sale

      Commercial building in Pickerington's Olde Village District with unfinished basement.
      109 N Hill Rd, Pickerington, OH 43147
      View Details
    • $295,000
      1,638 SF

      Restored Office Building in Pickerington

      Restored 1,638 SF office building in historic Pickerington.
      60 Hill Rd S, Pickerington, OH 43147
      View Details
    • $449,900
      3,860 SF

      Pickerington Multi-Tenant Office Building

      Fully leased office building in Olde Downtown Pickerington Village District.
      38 E Columbus St, Pickerington, OH 43147
      View Details
    • $8,304,000

      Pickerington Medical Office Building For Sale

      Medical office building with long-term passive lease structure for sale.
      1101 Hill Rd N, Pickerington, OH 43147
      View Details
    • $230,000

      Pickerington Commercial Land - $230K

      1.4-acre lot, C-3 zoning, buildable pad.
      0 Windmiller Dr, Pickerington, OH 43147
      View Details
    • Contact for pricing
      2,080 SF

      Downtown Pickerington Office/Retail Space

      Two-story office/retail space in Downtown Pickerington with classic finishes.
      21 W Columbus St, Pickerington, OH 43147
      View Details

    Similar Nearby for Lease

    • $4,500 /Mo
      3,510 SF

      Pickerington Office/Medical Building For Lease

      Two-story building for lease in a busy, developing area.
      9 Hill Rd N, Pickerington, OH 43147
      View Details
    • Contact for pricing
      1,652 SF

      Move-in Ready Medical Office Space

      Medical office space available for lease in Pickerington, OH.
      151 Clint Dr, Pickerington, OH 43147
      View Details
    • $3,750 /Mo
      2,168 SF

      Remodeled Office Space in Pickerington

      Remodeled office space with multiple rooms, kitchen, and ample parking.
      597 Hill Rd N, Pickerington, OH 43147
      View Details
    • $1,100 /Mo
      900 SF

      Prime Retail Space in Pickerington

      900 SF retail/office space in up-and-coming Old Downtown Pickerington.
      18 E Columbus St, Pickerington, OH 43147
      View Details
    • $750 /Mo
      16,337 SF

      Furnished Office Space Available

      Furnished 132 SF office space with shared amenities for rent.
      10400 Blacklick Eastern Rd, Pickerington, OH 43147
      View Details
    • $1,800 /Mo
      16,337 SF

      Furnished Office Space Available

      Furnished office space with shared amenities in Pickerington, OH.
      10400 Blacklick-Eastern Rd NW, Pickerington, OH 43147
      View Details
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    38 E Columbus St
    Pickerington, OH 43147
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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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