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

    4449 Easton Way Columbus, OH 43219

    • Office buildings
    • 109,519 SF
    • 15.36 lot acres
    For Lease
    View listing
    $21 SF/Yr
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US66-2216186
    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

    • Wesgarde / Electronic Parts Supplier
    • KMH Fleet Solutions / Forklift Dealer / Forklift Rental Service
    • Commercial Investment Capital Group, Inc. / Mortgage Lender / Commercial Real Estate Agency
    • Bass International Software / Software Company
    • Arisen Technology Corporation / Software Company / Consultant

    Property Details for 4449 Easton Way

    Year built
    2000
    Lot size
    15.36 lot acres
    Property size
    109,519 SF
    Property type
    Office buildings
    APN
    010-241752
    APU
    10241752

    Description

    This Class A, 28,195 square foot office building, renovated in 2019, offers a diverse range of flexible workspace solutions in the desirable Easton, Ohio location. Situated in Central Ohio's largest mixed-use campus, the property boasts excellent access to I-270 and Port Columbus International Airport, making it an ideal location for businesses of all sizes. The building features 350 suites, with a minimum divisible space of 10 square feet and a maximum contiguous space of 5,000 square feet; currently, 5,520 square feet is vacant. Options include private, fully furnished and equipped offices, customizable to individual or company needs, ranging from serviced offices to disaster recovery spaces and day offices. A comprehensive benefits program provides exclusive discounts and procurement support. Beyond private offices, the building offers collaborative coworking spaces with dedicated desks and hot-desking options. Modern meeting rooms are equipped with the latest technology and support staff, with catering available. Virtual office solutions are also available, including mail forwarding and call answering services. The building includes elevators and offers an outdoor terrace. Amenities nearby include a shopping complex with a cinema, theater, and restaurants. This property presents a unique opportunity to establish a presence in a thriving, well-connected business community.

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $22,495,000
      6.5%
      $20,765,000
      7%
      $19,280,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $24,228,000
      Market price range: $8.26M - $24.2M
      AI Estimate
      $14,572,000
      Market price range: $1.08M - $14.6M

    • Alternative Use

      Use
      Estimation
      OFFICE BUILDING
      $15,630,000
      Current use
      RESTAURANT
      $24,975,000
      Change: +60% Conversion: Moderate
      COMMERCIAL (GENERAL)
      $20,215,000
      Change: +29% Conversion: Easy
      AUTO REPAIR, GARAGE
      $17,370,000
      Change: +11% Conversion: Difficult
      APARTMENT HOUSE (5+ UNITS)
      $15,875,000
      Change: +2% Conversion: Easy
      MEDICAL BUILDING
      $14,790,000
      Change: -5% Conversion: Easy

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

    Location Insight

    • Map
    • Local Demand
    City
    Columbus
    County
    Franklin
    State
    Ohio
    Longitude
    -82.9104
    Latitude
    40.0465
    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
    $861,602
    $1,874,040
    $9,920,960
    $11,795,000
    -
    $5,354,400
    $28,345,600
    $33,700,000

    Comparable in this City

    • Value Estimation
      $43,505,000
      240,432 SF

      Mccutcheon Rd

      OFFICE BUILDING (MULTI-STORY) • 240,432 SF
      Mccutcheon Rd, Columbus, OH 43219
      View Details
    • Value Estimation
      $17,400,000
      100,640 SF

      1 Easton Oval

      OFFICE BUILDING (MULTI-STORY) • 100,640 SF
      1 Easton Oval, Columbus, OH 43219-6061
      View Details
    • Value Estimation
      $17,335,000
      105,210 SF

      4343 Easton Cmns

      OFFICE BUILDING (MULTI-STORY) • 105,210 SF
      4343 Easton Cmns, Columbus, OH 43219-6234
      View Details
    • Value Estimation
      $13,650,000
      638,804 SF

      4 Easton Oval

      OFFICE BUILDING (MULTI-STORY) • 638,804 SF
      4 Easton Oval, Columbus, OH 43219-6010
      View Details
    • Value Estimation by Request
      2,730 SF

      2250 Mock Rd

      OFFICE BUILDING • 2,730 SF
      2250 Mock Rd, Columbus, OH 43219-1261
      View Details
    • Value Estimation
      $1,210,000
      10,050 SF

      2191-2193 City Gate Dr

      OFFICE BUILDING • 10,050 SF
      2191-2193 City Gate Dr, Columbus, OH 43219
      View Details

    Similar Nearby for Sale

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      Columbus Industrial Building For Sale

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      13,200 SF

      Renovated Industrial Building with Suites

      13,200 SF industrial building undergoing complete renovation, convenient location.
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      18,000 SF

      Single Story Office Suite

      Office suite with 3 private offices near John Glenn Airport.
      2720 Airport Dr, Columbus, OH 43219
      View Details

    Similar Nearby for Lease

    • $18 SF/Yr
      8,061 SF

      Class A Office Space Available

      Four-story office building near airport and Easton Town Center.
      2780 Airport Dr, Columbus, OH 43219
      View Details
    • $27 SF/Yr
      5,751 SF

      Class A Office Building Near Easton

      Five-story Class A office building with high visibility and modern amenities.
      3 Easton Oval, Columbus, OH 43219
      View Details
    • Contact for pricing
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      Easton Oval Class A Office Space

      Columbus, Ohio Office Building - 107,600 SF Available
      1 Easton Oval, Columbus, OH 43219
      View Details
    • $22 SF/Yr
      16,689 SF

      Office Space Near Easton Center

      Sublease office space across from Easton Town Center.
      4343 Easton Cmns, Columbus, OH 43219
      View Details
    • $10 SF/Yr
      3,537 SF

      Citygate Business Park Flex Space

      Flex space in Citygate Business Park, convenient location, freeway access.
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    • $26 SF/Yr
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      Airport Drive Office Space

      Modern Office Suites, Flexible Options
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      View Details
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    4449 Easton Way
    Columbus, OH 43219
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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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