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    Property profile & analytics

    4500 Grvs Rd Columbus, OH 43232-4106

    • Manufacturing properties
    • 120,116 SF
    • 21.05 lot acres
    OFF-MARKET
    Last Sale
    Feb 01, 2025
    $6,450,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US66-1940140
    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

    • Manufacturing properties

    Property Details for 4500 Grvs Rd

    Year built
    1968
    Lot size
    21.05 lot acres
    Property size
    120,116 SF
    Property type
    Manufacturing properties
    APN
    010-038040
    APU
    10038040

    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
    -82.8746
    Latitude
    39.9317
    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
    $123,455
    $452,480
    $1,237,570
    $1,690,050
    -
    $1,292,800
    $3,535,900
    $4,828,700

    Comparable in this City

    • Value Estimation
      $645,000
      4,114 SF

      2001 Courtright Rd

      MANUFACTURING (LIGHT) • 4,114 SF
      2001 Courtright Rd, Columbus, OH 43232-4480
      View Details
    • Value Estimation
      $875,000
      126,350 SF

      3985 Grvs Rd

      MANUFACTURING (LIGHT) • 126,350 SF
      3985 Grvs Rd, Columbus, OH 43232-4138
      View Details
    • Value Estimation
      $6,585,000
      112,330 SF

      5677 Alshire Rd

      MANUFACTURING (LIGHT) • 112,330 SF
      5677 Alshire Rd, Columbus, OH 43232-4703
      View Details
    • Value Estimation
      $610,000
      29,380 SF

      5699 Chantry Dr

      MANUFACTURING (LIGHT) • 29,380 SF
      5699 Chantry Dr, Columbus, OH 43232-4731
      View Details
    • Value Estimation by Request

      4601 Hilton Corporate Dr

      Life science properties
      4601 Hilton Corporate Dr, Columbus, OH 43232
      View Details
    • Value Estimation
      $365,000
      15,852 SF

      2400 Park Cres Dr

      MANUFACTURING (LIGHT) • 15,852 SF
      2400 Park Cres Dr, Columbus, OH 43232-4741
      View Details

    Similar Nearby for Sale

    • $6,500,000
      89,760 SF

      Sprawling Warehouse on 7 Acres

      89,760 SF warehouse with convenient highway access.
      2040 S Hamilton Rd, Columbus, OH 43232
      View Details
    • $5,200,000
      70,132 SF

      Freestanding Office/Warehouse or Retail Facility

      70,130 SF building on 8.13 acres near major highways.
      4001 Refugee Rd, Columbus, OH 43232
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    • Contact for pricing
      120,116 SF

      Industrial Warehouse with Expansion Potential

      120,116 SF industrial warehouse on 28.5-acre fenced lot.
      4500 Groves Rd, Columbus, OH 43232
      View Details
    • Contact for pricing
      4.57 Acres

      Columbus Industrial Land - 4.57 Acres

      Prime Industrial Land, Build-to-Suit Opportunity
      4001 Groves Rd, Columbus, OH 43232
      View Details
    • Contact for pricing
      8,890 SF

      Columbus Industrial Warehouse with Freeway Access

      8,890 SF industrial warehouse with convenient freeway access.
      2560 Park Crescent Dr, Columbus, OH 43232
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    • $1,680,000

      Columbus Multifamily Investment

      24-Unit Apartment Building, High Demand
      4468 Reinbeau Dr, Columbus, OH 43232
      View Details

    Similar Nearby for Lease

    • $6 SF/Yr
      115,000 SF

      Columbus Warehouse/Distribution Space Available

      225,873 SF office/warehouse near I-70/I-270 interchange.
      2001 Courtright Rd, Columbus, OH 43232
      View Details
    • $10 SF/Yr
      6,226 SF

      Columbus Flex and Office Space

      Flex and office spaces in Columbus's Hilton Business Park.
      4689-4777 Hilton Corporate Dr, Columbus, OH 43232
      View Details
    • $60,000

      Columbus Industrial Land - 5 Acres

      Prime Columbus industrial land, ready for development.
      0 Groves Rd, Columbus, OH 43232
      View Details
    • $13 SF/Yr
      24,000 SF

      Banwick Road Industrial Space

      Columbus Flex Warehouse Space Available
      2802 Banwick Rd, Columbus, OH 43232
      View Details
    • Contact for pricing
      136,100 SF

      Industrial Space Available For Lease

      Industrial space available for lease in Columbus, Ohio.
      5225 Scarborough Blvd, Columbus, OH 43232
      View Details
    • $6 SF/Yr
      28,800 SF

      Columbus Warehouse Space Available

      28,800 Sq. Ft. warehouse unit for lease.
      4545 Groves Rd, Columbus, OH 43232
      View Details
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    Columbus, OH 43232-4106
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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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