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    4496 Reinbeau Dr Columbus, OH 43232
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    4496 Reinbeau Dr Columbus, OH 43232

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    • Apartment buildings
    • 3,456 SF
    For Sale
    $2,575,000
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    Columbus Multifamily Investment Opportunity For Sale
    $2,575,000
    3,456 SF

    Columbus Multifamily Investment Opportunity

    Value-add multifamily property with high rental demand in Columbus, Ohio.

    4496 Reinbeau Dr, Columbus, OH 43232
    View Listing
    Property ID
    US66-1365088
    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

    • Apartment buildings

    Property Details for 4496 Reinbeau Dr

    Year built
    1973
    Property size
    3,456 SF
    Property type
    Apartment buildings

    Description

    VALUE ADD MULTI FAMILY OPPORTUNITY, COLUMBUS, OHIO Cardinal Built ...41 Apartments..ranch Style. Private Entries. Patios..high Rental Demand...great Design. Low Maintenance Interiors. This Was the First Community Built by Cardinal Industries 33 - 1br - 1 Bath 576 Sf Avg Rent $675 3 - 2br - 1 Bath 864 Sf Avg Rent $725 4 - Studios - 1 Bath 288 Sf Avg Rent $575 1 - 3 Br 1 Bath 1152 Sf Rent $795 Also Has Rental Office/storage Unit Plenty of Paved Parking. Near All Conveniences. Plenty of Upside Potential for Additional Income Please Do Not Disturb Residents. No Owner Financing. Contingent Curbside Offers Only.

    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
    Delaware
    State
    Ohio
    Longitude
    -82.879797
    Latitude
    39.9066195

    Comparable in this City

    • Contact for pricing

      Columbus Multifamily Investment Opportunity

      32-unit apartment community with value-add potential in Columbus, Ohio.
      1699 Lonsdale Rd, Columbus, OH 43232
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      24-Unit Apartment Community For Sale

      24-unit apartment community with high rental demand and upside potential.
      4468 Reinbeau Dr, Columbus, OH 43232
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    • $99,900
      1.60 Acres

      Columbus Land Package For Sale

      1.6 acres of land suitable for residential or commercial development.
      2360 Noe Bixby Rd, Columbus, OH 43232
      View Details
    • $340,000
      Pending

      Well-Maintained Duplex in Columbus, OH

      Duplex with fireplaces, garages, and basements. Investment opportunity.
      5985 Little Brook Way, Columbus, OH 43232
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      Industrial Land Build-to-Suit Opportunity

      Industrial land with build-to-suit options and highway access.
      4001 Groves Rd, Columbus, OH 43232
      View Details
    • $1,350,000
      24,480 SF

      Columbus Redevelopment Opportunity Zone Land

      2.99 acres in Columbus, Ohio, with multiple-use zoning.
      2337 Kimberly Pkwy N, Columbus, OH 43232
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Columbus Multifamily Investment Opportunity

      32-unit apartment community with value-add potential in Columbus, Ohio.
      1699 Lonsdale Rd, Columbus, OH 43232
      View Details
    • Contact for pricing

      24-Unit Apartment Community For Sale

      24-unit apartment community with high rental demand and upside potential.
      4468 Reinbeau Dr, Columbus, OH 43232
      View Details
    • $99,900
      1.60 Acres

      Columbus Land Package For Sale

      1.6 acres of land suitable for residential or commercial development.
      2360 Noe Bixby Rd, Columbus, OH 43232
      View Details
    • $340,000
      Pending

      Well-Maintained Duplex in Columbus, OH

      Duplex with fireplaces, garages, and basements. Investment opportunity.
      5985 Little Brook Way, Columbus, OH 43232
      View Details
    • Contact for pricing

      Industrial Land Build-to-Suit Opportunity

      Industrial land with build-to-suit options and highway access.
      4001 Groves Rd, Columbus, OH 43232
      View Details
    • $1,350,000
      24,480 SF

      Columbus Redevelopment Opportunity Zone Land

      2.99 acres in Columbus, Ohio, with multiple-use zoning.
      2337 Kimberly Pkwy N, Columbus, OH 43232
      View Details

    Similar Nearby for Lease

    • $1,450 /Mo

      Retail Space in Hamilton Center

      Retail space for rent in high-traffic Hamilton Road location.
      3156 S Hamilton Rd, Columbus, OH 43232
      View Details
    • Contact for pricing

      Retail and Office Spaces Available

      Retail and office spaces available for lease.
      6042-6066 Channingway Blvd, Columbus, OH 43232
      View Details
    • Contact for pricing

      Office Space Near Transportation Hub

      Well-connected office space near downtown and airport.
      2234 S Hamilton Rd, Columbus, OH 43232
      View Details
    • Contact for pricing
      4,741 SF

      Retail Space on Hamilton Road

      Retail spaces available along a high-traffic corridor in Columbus, OH.
      4245 Macsway Ave, Columbus, OH 43232
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    • $12 SF/Yr
      38,976 SF

      Hamilton Road Office Suites

      Columbus Office Space: 720-2260 sq ft
      2101 Hamilton Rd, Columbus, OH 43232
      View Details
    • Contact for pricing

      Development Land for Lease

      5.31 acres of M-1 zoned land for lease.
      Groves Rd, Columbus, OH 43232
      View Details
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    Columbus, OH 43232
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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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