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    4400 Cleveland Ave Columbus, OH 43224-1548
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    Property profile & analytics

    4400 Cleveland Ave, Columbus, OH 43224-1548

    View on Map
    • Drug stores
    • 12,704 SF
    • 0.90 lot acres
    Off-Market
    Property ID
    US66-2668621
    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
    $1,420,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • A-Life African Market / Grocery & Convenience Store / Food Market
    • CVS Pharmacy / Pharmacy
    • UPS Access Point location / Courier Service / Postal Service
    • CVS / Pharmacy
    • MoneyGram / Bank / Credit Union

    Property Details for 4400 Cleveland Ave

    Year built
    1995
    Lot size
    0.90 lot acres
    Property type
    Drug stores
    APN
    010-238696
    APU
    10238696

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Dec 29, 2025 — Sg Properties Columbus LLC Ohio Cvs Stores L L C Deed · related —
    Dec 22, 2025 — Sg Properties Columbus LLC Ohio Cvs Stores LLC Deed · related —
    Nov 12, 2025 $435,000 Sg Properties Columbus LLC Ohio Cvs Stores LLC Deed $538k · Park National Bank
    Jul 19, 2007 — City Of Columbus Ohio Revco Discount Drugs Centers I Grant Deed —
    Dec 10, 1999 — Board Of Franklin County Revco Discount Drug Centers Quit Claim Deed · related —

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $1,603,000
      Market price range: $426k - $1.60M
      AI Estimate
      $1,377,000
      Market price range: $486k - $1.38M

    • Alternative Use

      Use
      Estimation
      RETAIL STORES
      $1,110,000
      Current use
      AUTO REPAIR, GARAGE
      $2,015,000
      Change: +81% Conversion: Difficult
      APARTMENT HOUSE (5+ UNITS)
      $1,840,000
      Change: +66% Conversion: Difficult
      OFFICE BUILDING
      $1,815,000
      Change: +63% Conversion: Easy
      MEDICAL BUILDING
      $1,715,000
      Change: +55% Conversion: Difficult
      NEIGHBORHOOD: SHOPPING CENTER
      $1,375,000
      Change: +24% Conversion: Moderate
      COMMERCIAL (GENERAL)
      $1,235,000
      Change: +11% Conversion: Easy

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

    Location Insight

    • Map
    • Local Demand
    City
    Columbus
    County
    Franklin
    State
    Ohio
    Longitude
    -82.9524
    Latitude
    40.0591
    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
    $35,544
    $137,380
    $349,200
    $486,580
    -
    $392,500
    $997,700
    $1,390,200

    Comparable in this City

    • Value Estimation by Request
      1,134 SF

      3093 Cleveland Ave

      DRUG STORE, PHARMACY
      3093 Cleveland Ave, Columbus, OH 43224-3684
      View Details
    • Value Estimation by Request
      3,088 SF

      3110 Cleveland Ave

      DRUG STORE, PHARMACY
      3110 Cleveland Ave, Columbus, OH 43224-3682
      View Details
    • Value Estimation
      $1,280,000
      11,338 SF

      3100 Cleveland Ave

      DRUG STORE, PHARMACY
      3100 Cleveland Ave, Columbus, OH 43224-3682
      View Details
    • Value Estimation by Request
      1,736 SF

      3105 Cleveland Ave

      DRUG STORE, PHARMACY
      3105 Cleveland Ave, Columbus, OH 43224-3684
      View Details
    • Value Estimation by Request
      7,184 SF

      1855 Oakland Park Ave, Unit 1865

      DRUG STORE, PHARMACY
      1855 Oakland Park Ave, Columbus, OH 43224-3627
      View Details
    • Value Estimation
      $1,610,000
      14,678 SF

      3093 Cleveland Ave

      DRUG STORE, PHARMACY
      3093 Cleveland Ave, Columbus, OH 43224-3684
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      14,490 SF

      Corner Retail Property for Sale

      Hard corner location near Ohio State University with in-place cash-flow.
      3093 Cleveland Ave, Columbus, OH 43224
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      6,835 SF

      Fully Leased Multi-Tenant Retail Property

      Fully leased retail property with diverse tenant mix.
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    • New
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      1,200 SF

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      Six duplex buildings offer consistent 2-bedroom townhome-style units, each with 1.5 baths and unfinished basements.
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    • $385,000
      Pending

      Four-Unit Brick Quadplex

      Two-bedroom units with separately metered utilities support straightforward leasing and tenant billing.
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      Four-Unit Multifamily Investment Property

      Four-unit property with two-bedroom apartments, ideal for investment.
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      Vacant Land on Cleveland Avenue

      Vacant land with high traffic and bus line access.
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    Similar Nearby for Lease

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      3,197 SF

      Retail Space Near Grocery Store

      Retail space anchored by Saraga International Grocery Store.
      3461 Cleveland Ave, Columbus, OH 43224
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      2,814 SF

      Retail Space Near I-71

      1,824 SF retail space near I-71 and Easton Towne Center.
      1237-1285 Morse Rd, Columbus, OH 43224
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    • Contact for pricing
      5,440 SF

      Retail Space Near Saraga Grocery

      Retail space anchored by Saraga International Grocery Store.
      3349-3409 Cleveland Ave, Columbus, OH 43224
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    • Contact for pricing
      2,250 SF

      Retail Space in High-Traffic Area

      Retail space with high visibility and strong tenant mix.
      3431 Cleveland Ave, Columbus, OH 43224
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    • Contact for pricing
      4,500 SF

      Retail Space in High-Traffic Area

      Retail space with national tenants and high visibility.
      3433-3479 Cleveland Ave, Columbus, OH 43224
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    • New
      $9 SF/Yr
      6,528 SF

      Warehouse with Front Office

      A flexible front office and back warehouse setup with overhead doors and parking for contractors or small showroom operators.
      3620 Brandon St, Columbus, OH 43224
      View Details
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    4400 Cleveland Ave
    Columbus, OH 43224-1548
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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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