Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    4286 Parsons Ave Columbus, OH 43207

    Property Lookup

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

    4286 Parsons Ave Columbus, OH 43207

    View on Map
    • Commercial real estate
    Off-Market
    Property ID
    US66-2027757
    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
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Commercial real estate

    Property Details for 4286 Parsons Ave

    Property type
    Commercial real estate
    APN
    150-000833-00

    Description

    This exceptional ±21-acre land parcel presents a unique investment opportunity in the thriving Columbus, Ohio market. Located at 4286 S Parsons Ave, Franklin County, OH 43207 (APN: 150-000833-00 and 150-001068-00), this expansive property offers significant potential for diverse development. The property's dual Commercial and Residential zoning allows for a wide range of uses, catering to both business and residential needs. Its strategic location provides easy access to major transportation routes, enhancing its appeal to a broad spectrum of developers and investors. The substantial acreage allows for large-scale projects, offering flexibility in design and construction. This is an unparalleled chance to acquire a significant land holding in a rapidly growing area of Columbus. Detailed site surveys and environmental reports are available upon request. The property is ready for immediate development, making it an attractive option for those seeking a quick return on investment. Don't miss this opportunity to secure a prime piece of Columbus real estate. Contact us today to learn more about this exciting development prospect.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Columbus
    County
    Franklin
    State
    Ohio
    Longitude
    -82.9874297
    Latitude
    39.8750981

    Comparable in this City

    • Contact for pricing

      Columbus Four-Unit Brick Building

      Four-unit building near downtown Columbus with income potential.
      1470 S High St, Columbus, OH 43207
      View Details
    • $324,900
      0.12 Acres

      Updated Duplex in Merion Village

      Fully updated duplex with immediate income and upside potential.
      366-368 Morrill Ave, Columbus, OH 43207
      View Details
    • $249,900
      0.32 Acres

      Brick Ranch Duplex For Sale

      Columbus duplex ideal for investors or owner-occupants.
      1565 Smith Rd, Columbus, OH 43207
      View Details
    • New
      $225,000
      0.29 Acres

      Columbus Duplex: Investment Opportunity

      Well-maintained duplex in South Side, Columbus with immediate cash flow.
      1514-1518 Wilson Ave, Columbus, OH 43207
      View Details
    • Contact for pricing

      Columbus Duplex: Turnkey Investment

      Fully occupied duplex with long-term leases in place.
      403-05 E Welch Ave, Columbus, OH 43207
      View Details
    • Contact for pricing

      Updated Duplex in Merion Village

      Fully updated duplex with immediate income and upside potential.
      368 E Morrill Ave, Columbus, OH 43207
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Columbus Four-Unit Brick Building

      Four-unit building near downtown Columbus with income potential.
      1470 S High St, Columbus, OH 43207
      View Details
    • $324,900
      0.12 Acres

      Updated Duplex in Merion Village

      Fully updated duplex with immediate income and upside potential.
      366-368 Morrill Ave, Columbus, OH 43207
      View Details
    • $249,900
      0.32 Acres

      Brick Ranch Duplex For Sale

      Columbus duplex ideal for investors or owner-occupants.
      1565 Smith Rd, Columbus, OH 43207
      View Details
    • New
      $225,000
      0.29 Acres

      Columbus Duplex: Investment Opportunity

      Well-maintained duplex in South Side, Columbus with immediate cash flow.
      1514-1518 Wilson Ave, Columbus, OH 43207
      View Details
    • Contact for pricing

      Columbus Duplex: Turnkey Investment

      Fully occupied duplex with long-term leases in place.
      403-05 E Welch Ave, Columbus, OH 43207
      View Details
    • Contact for pricing

      Updated Duplex in Merion Village

      Fully updated duplex with immediate income and upside potential.
      368 E Morrill Ave, Columbus, OH 43207
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      2.81 AC Outlot For Rent

      2.81 AC outlot with frontage to 24,000 VPD.
      3899 S High St, Columbus, OH 43207
      View Details
    • Contact for pricing
      148,720 SF

      Industrial Land for Lease

      70.491 acres in industrial park, rail served.
      2295 Parsons Ave, Columbus, OH 43207
      View Details
    • Contact for pricing

      Columbus Land Lease Opportunity

      Ground lease and build to suit opportunities in Columbus, Ohio.
      2170 New World Dr, Columbus, OH 43207
      View Details
    • Contact for pricing
      19,764 SF

      Columbus Warehouse: 19,764 SF

      Prime Columbus warehouse, 19,764 sq ft.
      1663 Watkins Rd, Columbus, OH 43207
      View Details
    • Contact for pricing
      87,641 SF

      Columbus Industrial Distribution Center Space

      Industrial space for lease in Columbus distribution center.
      1695 Williams Rd, Columbus, OH 43207
      View Details
    • Contact for pricing
      244,800 SF

      Columbus Industrial Portfolio Opportunity

      Three-building portfolio near I-270 and CSX intermodal yard.
      1580 Williams Rd, 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.
    4286 Parsons Ave
    Columbus, OH 43207
    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!