Add Listing
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    4373 Ruston Ave Columbus, OH 43230-9012

    • Assisted living facilities
    • 38,834 SF
    • 6.22 lot acres
    OFF-MARKET
    Value Estimations
    $830,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US66-3495297
    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

    • Monarch Manor / Apartment Building / Apartment Complex

    Property Details for 4373 Ruston Ave

    Year built
    2013
    Construction
    WOOD
    Lot size
    6.22 lot acres
    Property size
    38,834 SF
    Property type
    Assisted living facilities
    Property subtype
    Retirement homes
    APN
    010-291515
    APU
    10291515

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $975,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $683,000
      Market price range: $564k - $2.01M

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

    Location Insight

    • Map
    • Local Demand
    City
    Columbus
    County
    Franklin
    State
    Ohio
    Longitude
    -82.8652
    Latitude
    40.0685
    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
    $64,503
    $284,550
    $598,470
    $883,020
    -
    $813,000
    $1,709,900
    $2,522,900

    Comparable in this City

    • Value Estimation
      $1,215,000
      119,796 SF

      140 Imperial Dr

      HOMES (RETIRED, NURSING) • 119,796 SF
      140 Imperial Dr, Gahanna, OH 43230-2423
      View Details
    • Value Estimation
      $7,015,000
      67,666 SF

      5055 Thompson Rd

      HOMES (RETIRED, NURSING) • 67,666 SF
      5055 Thompson Rd, Columbus, OH 43230-6336
      View Details
    • Value Estimation
      $1,900,000
      69,405 SF

      5691 Thompson Rd

      HOMES (RETIRED, NURSING) • 69,405 SF
      5691 Thompson Rd, Columbus, OH 43230-1345
      View Details
    • Value Estimation
      $1,520,000
      57,884 SF

      5151 Hamilton Rd

      HOMES (RETIRED, NURSING) • 57,884 SF
      5151 Hamilton Rd, Columbus, OH 43230-1313
      View Details
    • Value Estimation
      $1,170,000
      36,285 SF

      5221 Morse Rd

      HOMES (RETIRED, NURSING) • 36,285 SF
      5221 Morse Rd, Columbus, OH 43230
      View Details
    • Value Estimation
      $750,000
      27,787 SF

      349 Olde Ridenour Rd

      HOMES (RETIRED, NURSING) • 27,787 SF
      349 Olde Ridenour Rd, Gahanna, OH 43230-2528
      View Details

    Similar Nearby for Sale

    • $500,000
      6,500 SF

      Gahanna Medical Office Condo Opportunity

      Prime Gahanna location, build-to-suit potential.
      945 Hamilton Rd, Gahanna, OH 43230
      View Details
    • Contact for pricing
      200,064 SF

      Gahanna Office/Warehouse Unit For Sale

      72,000 SF office/warehouse unit with excellent transportation access.
      915 Taylor Rd, Gahanna, OH 43230
      View Details
    • Contact for pricing

      Updated Condo with Resort Amenities

      Updated 2-bedroom condo near New Albany, Gahanna, and Easton.
      6200 Downwing Ln, Columbus, OH 43230
      View Details
    • Contact for pricing
      1,947 SF

      Gahanna Condo with Wooded Views

      Move-in ready condo in Gahanna with updated features and amenities.
      304 Sycamore Woods Ln, Columbus, OH 43230
      View Details
    • Contact for pricing

      Land with Infrastructure and Utilities

      Land with utilities, easy highway access, and development potential.
      Tech Center Dr, Gahanna, OH 43230
      View Details
    • $1,590,000

      Restaurant Opportunity on Acreage

      Commercial property with restaurant history on 1.39 acres.
      550 Officenter Pl, Columbus, OH 43230
      View Details

    Similar Nearby for Lease

    • $38 SF/Yr
      6,000 SF

      New Albany Plaza Retail Space

      Prime Gahanna retail space, 3,000 SF available.
      5588 Hamilton Rd, Columbus, OH 43230
      View Details
    • Contact for pricing
      11,930 SF

      Gahanna Medical Office Space For Lease

      Prime Medical Office Suites Available in Gahanna, OH
      725 Buckles Ct, Gahanna, OH 43230
      View Details
    • $21 SF/Yr
      45,000 SF

      Hamilton Rd Office Space

      Columbus, OH: Premium Office Suites Available
      5950 Hamilton Rd, Columbus, OH 43230
      View Details
    • $16 SF/Yr
      8,240 SF

      Gahanna Office Building - New Construction

      Modern Office Space, Gahanna, Ohio. Multiple Tenancy Options.
      1255 Beecher Xing, Gahanna, OH 43230
      View Details
    • $15 SF/Yr
      30,571 SF

      Taylor Crossing: Prime Columbus Space

      Versatile Industrial/Office Suites Available
      620 Taylor Station Rd, Gahanna, OH 43230
      View Details
    • $14 SF/Yr
      2,600 SF

      Office Suites For Lease

      Office suites available for lease in visible location.
      830 E Johnstown Rd, Columbus, OH 43230
      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.
    4373 Ruston Ave
    Columbus, OH 43230-9012
    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!