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

    4485 Cleveland Ave Columbus, OH 43231-5802

    • Office buildings
    • 1,052 SF
    • 0.24 lot acres
    OFF-MARKET
    Last Sale
    Jun 17, 2022
    $165,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US66-1125481
    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

    • Office buildings

    Property Details for 4485 Cleveland Ave

    Year built
    1968
    Lot size
    0.24 lot acres
    Property size
    1,052 SF
    Property type
    Office buildings
    APN
    600-146406
    APU
    600146406

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Columbus
    County
    Franklin
    State
    Ohio
    Longitude
    -82.9533
    Latitude
    40.0608
    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
    $3,583
    $24,890
    $26,710
    $51,600
    -
    $71,100
    $76,300
    $147,400

    Comparable in this City

    • Value Estimation
      $700,000
      6,256 SF

      6820 Lauffer Rd

      OFFICE BUILDING • 6,256 SF
      6820 Lauffer Rd, Columbus, OH 43231-1623
      View Details
    • Value Estimation by Request
      2,255 SF

      6722 Cleveland Ave

      OFFICE BUILDING • 2,255 SF
      6722 Cleveland Ave, Columbus, OH 43231-1619
      View Details
    • Value Estimation by Request
      2,776 SF

      5974 Cleveland Ave

      OFFICE BUILDING • 2,776 SF
      5974 Cleveland Ave, Columbus, OH 43231-2230
      View Details
    • Value Estimation
      $740,000
      9,072 SF

      5898 Cleveland Ave

      OFFICE BUILDING • 9,072 SF
      5898 Cleveland Ave, Columbus, OH 43231-6884
      View Details
    • Value Estimation
      $700,000
      10,104 SF

      5869 Cleveland Ave, Unit 5877

      OFFICE BUILDING • 10,104 SF
      5869 Cleveland Ave, Columbus, OH 43231-2859
      View Details
    • Value Estimation
      $4,190,000
      114,910 SF

      2400 Corporate Exchange Dr

      OFFICE BUILDING (MULTI-STORY) • 114,910 SF
      2400 Corporate Exchange Dr, Columbus, OH 43231-7605
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      17,911 SF

      Multi-Tenant Medical and Office Buildings

      Commercial real estate opportunity in Columbus, Ohio with long-term leases.
      5957-6011 Cleveland Ave, Columbus, OH 43231
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    • $578,000
      3,240 SF

      Minerva Park Office Building

      Two-story office building in Minerva Park with dual-use flexibility.
      2505 Woodley Rd, Columbus, OH 43231
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      Medical/Office Space on Cleveland Avenue

      Highly visible medical/office space with ample parking and convenient access.
      5957 Cleveland Ave, Columbus, OH 43231
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    • Contact for pricing

      Medical/Office Space on Cleveland Avenue

      2,625 SF medical/office space with prime North Columbus location.
      5957 Cleveland Ave, Columbus, OH 43231
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    • $390,000

      Columbus Residential Land - Build Your Dream Home

      7 Build Sites, Westerville Schools, Prime Location
      0 Abington Rd, Columbus, OH 43231
      View Details
    • $150,000

      Columbus Land: Build Your Dream

      Prime 4,791 sq ft lot in Blendon Township.
      0 Abington Rd, Columbus, OH 43231
      View Details

    Similar Nearby for Lease

    • $16 SF/Yr
      54,421 SF

      Office Building in Business Park

      Three-story office building with access to I-270.
      2400 Corporate Exchange Dr, Columbus, OH 43231
      View Details
    • $16 SF/Yr
      12,133 SF

      Columbus Office Space For Lease

      Class A Office Suites Available Now
      2600 Corporate Exchange Dr, Columbus, OH 43231
      View Details
    • $15 SF/Yr
      14,933 SF

      Office Space with Natural Light

      Office space featuring tenant lounge, conference facility, and natural light.
      2800 Corporate Exchange Dr, Columbus, OH 43231
      View Details
    • $550 /Mo
      6,000 SF

      Office Space in Columbus, OH

      Functional office space with flexible options in a convenient location.
      2586 Tiller Ln, Columbus, OH 43231
      View Details
    • Contact for pricing

      North Side Office Space Available

      Office space in a busy area, close to dining and retail.
      2513 Oakstone Dr, Columbus, OH 43231
      View Details
    • Contact for pricing
      2,000 SF

      Modern Office Space Available

      Contemporary office suites with advanced tech and included internet.
      2600-2602 Oakstone Dr, Columbus, OH 43231
      View Details
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    4485 Cleveland Ave
    Columbus, OH 43231-5802
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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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