Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    3826 Morse Rd, Unit 3864 Columbus, OH 43219-3014

    Property Lookup

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

    3826 Morse Rd, Unit 3864 Columbus, OH 43219-3014

    View on Map
    • Community centers
    • 99,060 SF
    • 13.53 lot acres
    Off-Market
    Property ID
    US66-0706043
    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
    $12,155,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • OfficeMax Tech Services / Tech Support Center / IT Consulting Firm
    • FedEx ShipSite / Postal Service / Courier Service
    • FedEx Drop Box / Postal Service / Courier Service
    • Coinhub Bitcoin ATM Teller / Atm
    • OfficeMax Print & Copy Services / (Bike/Boat/Book/etc) Store / Printing Service

    Property Details for 3826 Morse Rd

    Year built
    1995
    Lot size
    13.53 lot acres
    Property size
    99,060 SF
    Zone code
    3880
    Property type
    Community centers
    Property subtype
    Shopping centers
    APN
    600-233419
    APU
    600233419

    Value Estimations

    based on Realmo’s proprietary methodology

    • Alternative Use

      Use
      Estimation
      NEIGHBORHOOD: SHOPPING CENTER
      $10,705,000
      Current use
      COMMERCIAL (GENERAL)
      $18,285,000
      Change: +71% Conversion: Easy
      AUTO REPAIR, GARAGE
      $15,710,000
      Change: +47% Conversion: Difficult
      APARTMENT HOUSE (5+ UNITS)
      $14,360,000
      Change: +34% Conversion: Difficult
      OFFICE BUILDING
      $14,140,000
      Change: +32% Conversion: Moderate
      MEDICAL BUILDING
      $13,375,000
      Change: +25% Conversion: Difficult
      RETAIL STORES
      $10,630,000
      Change: -1% Conversion: Easy

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

    Location Insight

    • Map
    • Local Demand
    City
    Columbus
    County
    Franklin
    State
    Ohio
    Longitude
    -82.9162
    Latitude
    40.0602
    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
    $630,673
    $1,650,460
    $7,432,110
    $9,082,570
    -
    $4,715,600
    $21,234,600
    $25,950,200

    Comparable in this City

    • Value Estimation
      $22,460,000
      88,702 SF

      2808 Stelzer Rd, Unit 2930

      MINI-MALL • 88,702 SF
      2808 Stelzer Rd, Columbus, OH 43219-3133
      View Details
    • Value Estimation
      $995,000
      7,210 SF

      Morse Rd

      MINI-MALL • 7,210 SF
      Morse Rd, Columbus, OH 43219
      View Details
    • Value Estimation
      $10,690,000
      86,432 SF

      4150 Worth Ave, Unit 4207

      MINI-MALL • 86,432 SF
      4150 Worth Ave, Columbus, OH 43219-1535
      View Details
    • Value Estimation
      $2,585,000
      20,226 SF

      4018-4044 Morse Cs

      MINI-MALL • 20,226 SF
      4018-4044 Morse Cs, Columbus, OH 43219
      View Details
    • Value Estimation by Request
      0.09 Acres

      2762 5th Ave, Unit 2776

      SHOPPING CENTER, STRIP CENTER • 0.09 Acres
      2762 5th Ave, Columbus, OH 43219-2832
      View Details
    • Value Estimation by Request
      4,224 SF

      4038 Morse Rd

      SHOPPING CENTER, STRIP CENTER • 4,224 SF
      4038 Morse Rd, Columbus, OH 43219-3018
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      28,400 SF

      Columbus Retail Space For Sale

      28,400 SqFt retail space in Columbus, OH with 7.50% CAP.
      3883 Gramercy St, Columbus, OH 43219
      View Details
    • Contact for pricing
      4,037 SF

      Auto Repair Business Opportunity

      Auto repair business with equipment, two apartments, and storage.
      1394-1396 Joyce Ave, Columbus, OH 43219
      View Details
    • Contact for pricing
      91,249 SF

      Class A Office Building

      91,249 SF Class A office near Easton Town Center.
      3 Easton Oval, Columbus, OH 43219
      View Details
    • Contact for pricing

      Flex Building Near Downtown Columbus

      Flex building with warehouse and office space, expansion potential.
      Columbus, OH 43219
      View Details
    • $2,800,000
      4.00 Acres

      Prime Development Land For Sale

      3.5 acres of commercial land with high development potential.
      2275 Stelzer Rd, Columbus, OH 43219
      View Details
    • Contact for pricing
      56,818 SF

      Easton Area Class A+ Office

      Two-story office building in Easton area, furniture negotiable.
      3400 Morse Xing, Columbus, OH 43219
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      6,926 SF

      Columbus Retail Space For Lease

      552,280 square foot retail property in Columbus, Ohio.
      3695-3737 Easton Market, Columbus, OH 43219
      View Details
    • Contact for pricing
      51,950 SF

      Easton Square Retail Opportunity

      Retail space in dynamic central Ohio shopping center.
      3840-3864 Morse Rd, Columbus, OH 43219
      View Details
    • Contact for pricing

      Easton Market Retail Space

      552,280 SF retail property in Columbus, Ohio.
      3740 Easton Market, Columbus, OH 43219
      View Details
    • Contact for pricing

      Easton Area Restaurant Opportunity

      Operating restaurant for lease in a super regional trade area.
      3977 Morse Xing, Columbus, OH 43219
      View Details
    • $4,000 /Mo
      3,580 SF

      Renovated Flex Space on Rose Avenue

      Move-in ready retail/flex space near downtown Columbus with high visibility.
      818 Rose Ave, Columbus, OH 43219
      View Details
    • Contact for pricing
      2,313 SF

      Retail Space Near Easton Center

      White-box retail space adjacent to Easton Town Center.
      4030-4038 Morse Rd, Columbus, OH 43219
      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.
    3826 Morse Rd, Unit 3864
    Columbus, OH 43219-3014
    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!