Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    4155 Morse Xing Columbus, OH 43219-6015
    Property profile & analytics

    4155 Morse Xing, Columbus, OH 43219-6015

    View on Map
    • Strip malls
    • 10,945 SF
    • 1.66 lot acres
    Off-Market
    Last Sale Aug 11, 2021
    Property ID
    US66-5801155
    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
    $1,435,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Cumin & Curry / Restaurant

    Property Details for 4155 Morse Xing

    Year built
    2007
    Lot size
    1.66 lot acres
    Property type
    Strip malls
    Property subtype
    Shopping centers
    APN
    010-242692
    APU
    10242692

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Aug 11, 2021 — 4155 Morse Crossing LLC Morse Crossing Investments LLC Intrafamily Transfer · related $4.8M · Civista Bank
    May 18, 2017 — Morse Crossing Investments LLC Morse Crossing Jyl LLC Limited Warranty Deed $5.1M · The First Citizens National Bank
    Aug 15, 2008 — Morse Crossing Jyl LLC Young C Shin Quit Claim Deed · related $4.8M · Kemba Financial Credit Union INC
    Aug 15, 2008 $6,425,000 Shin,jan J & Young C Morse Crossing Ventures LLC Grant Deed —
    Jun 22, 2007 $2,200,000 Morse Crossing Ventures LLC Landrys Seafood Hse-ohio INC Grant Deed $4.8M · National Cty Bk/nw
    Apr 6, 2005 — Landrys Seafood Hse-ohio INC — Deed Of Trust · related $450M · Wachovia Bk/ga
    — — Morse Crossing Ventures LLC — Loan Modification · related $300k · National Cty Bk/nw

    Value Estimations

    based on Realmo’s proprietary methodology

    • Alternative Use

      Use
      Estimation
      NEIGHBORHOOD: SHOPPING CENTER
      $1,185,000
      Current use
      COMMERCIAL (GENERAL)
      $2,020,000
      Change: +71% Conversion: Easy
      AUTO REPAIR, GARAGE
      $1,735,000
      Change: +47% Conversion: Difficult
      APARTMENT HOUSE (5+ UNITS)
      $1,585,000
      Change: +34% Conversion: Difficult
      OFFICE BUILDING
      $1,560,000
      Change: +32% Conversion: Moderate
      MEDICAL BUILDING
      $1,480,000
      Change: +25% Conversion: Difficult
      RETAIL STORES
      $1,175,000
      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
    -82.9191
    Latitude
    40.055
    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
    $125,705
    $560,000
    $1,160,850
    $1,720,850
    -
    $1,600,000
    $3,316,700
    $4,916,700

    Comparable in this City

    • Value Estimation
      $1,420,000
      14,400 SF

      4030 Morse Rd, Unit 4038

      SHOPPING CENTER, STRIP CENTER
      4030 Morse Rd, Columbus, OH 43219-3018
      View Details
    • Value Estimation
      $3,100,000
      24,524 SF

      3940 Morse Xing, Unit 3954

      SHOPPING CENTER, STRIP CENTER
      3940 Morse Xing, Columbus, OH 43219-6081
      View Details
    • Value Estimation
      $2,535,000
      20,191 SF

      3876 Townsfair Way, Unit 3888

      SHOPPING CENTER, STRIP CENTER
      3876 Townsfair Way, Columbus, OH 43219-6173
      View Details
    • Value Estimation by Request
      0.09 Acres

      2762 5th Ave, Unit 2776

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

      4038 Morse Rd

      SHOPPING CENTER, STRIP CENTER
      4038 Morse Rd, Columbus, OH 43219-3018
      View Details
    • Value Estimation by Request
      14,967 SF

      2210 Mock Rd, Unit 2238

      SHOPPING CENTER, STRIP CENTER
      2210 Mock Rd, Columbus, OH 43219-1261
      View Details

    Similar Nearby for Sale

    • $5,074,634
      13,806 SF

      Columbus Retail Strip Center

      13,806 SF retail strip center in Columbus, Ohio.
      4030-4038 Morse Rd, Columbus, OH 43219
      View Details
    • 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

      Flex Building Near Downtown Columbus

      Flex building with warehouse and office space, expansion potential.
      Columbus, OH 43219
      View Details
    • $219,000
      864 SF

      Cash Flowing Duplex For Sale

      Duplex with renovated unit and potential for three rentals.
      2663-2665 Avalon Pl, 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

    Similar Nearby for Lease

    • Contact for pricing
      27,430 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

      Easton Market Retail Space

      552,280 SF retail property in Columbus, Ohio.
      3740 Easton Market, 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
      620 SF

      Updated Retail Space Near Airport

      Retail space near the airport, recently updated in 2024.
      2897 Johnstown Rd, Columbus, OH 43219
      View Details
    • Contact for pricing
      3,230 SF

      Retail Space Near Easton Center

      3,230 SF retail space with ample parking.
      4060 Morse Xing, Columbus, OH 43219
      View Details
    • Contact for pricing
      1,564 SF

      Updated Retail Space Near Airport

      Retail space with recent updates, near Port Columbus Airport.
      2887 Johnstown 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.
    4155 Morse Xing
    Columbus, OH 43219-6015
    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

    Thank You for Inquiry
    4155 Morse Xing, Columbus, OH, 43219
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!