Add Listing
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    4550-4552 Lockbourne Rd Columbus, OH 43207

    • Warehouses
    • 5,568 SF
    • 30.98 lot acres
    OFF-MARKET
    Last Sale
    Sep 13, 2024
    Value Estimations
    $955,000
    Show details
    Cap Rate Potential
    4.6%
    Warehouses
    Location Intelligence
    Property ID
    US66-0517654
    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

    • Warehouses

    Property Details for 4550-4552 Lockbourne Rd

    Year built
    1978
    Lot size
    30.98 lot acres
    Property size
    5,568 SF
    Zone code
    4550
    Property type
    Warehouses
    Property subtype
    Self storage facilities
    APN
    150-000077
    APU
    150000077

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $1,080,000
      6.5%
      $995,000
      7%
      $925,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $666,000
      Market price range: $213k - $666k

    • Alternative Use

      Use
      Estimation
      RESTAURANT
      $1,270,000
      AUTO REPAIR, GARAGE
      $885,000
      APARTMENT HOUSE (5+ UNITS)
      $805,000
      OFFICE BUILDING
      $795,000
      MEDICAL BUILDING
      $750,000
      NEIGHBORHOOD: SHOPPING CENTER
      $600,000
      RETAIL STORES
      $600,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Columbus
    County
    Franklin
    State
    Ohio
    Longitude
    -82.964
    Latitude
    39.8705
    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
    $32,440
    $125,060
    $392,040
    $517,100
    -
    $357,300
    $1,120,100
    $1,477,400

    Comparable in this City

    • Value Estimation
      $33,350,000
      462,840 SF

      3330 Alum Crk Dr

      MINI-WAREHOUSE, STORAGE • 462,840 SF
      3330 Alum Crk Dr, Columbus, OH 43207-3419
      View Details
    • Value Estimation
      $540,000
      17,772 SF

      860 Marion Rd

      MINI-WAREHOUSE, STORAGE • 17,772 SF
      860 Marion Rd, Columbus, OH 43207-2556
      View Details
    • Value Estimation by Request
      5,376 SF

      259 Hosack St

      MINI-WAREHOUSE, STORAGE • 5,376 SF
      259 Hosack St, Columbus, OH 43207-2352
      View Details
    • Value Estimation by Request
      1,430 SF

      265 Hosack St

      MINI-WAREHOUSE, STORAGE • 1,430 SF
      265 Hosack St, Columbus, OH 43207-2352
      View Details
    • Value Estimation by Request
      12,480 SF

      65 Kingston Ave

      MINI-WAREHOUSE, STORAGE • 12,480 SF
      65 Kingston Ave, Columbus, OH 43207-2400
      View Details
    • Value Estimation by Request
      11,749 SF

      High St

      MINI-WAREHOUSE, STORAGE • 11,749 SF
      High St, Columbus, OH 43207
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      South Columbus Warehouse Available 2025

      18,400 SF warehouse with office space, available Q4 2025.
      1846 Federal Industrial Pkwy, Columbus, OH 43207
      View Details
    • Contact for pricing
      56,784 SF

      Centrally Located Standalone Property

      Unique property for sale or lease with income-producing trailer parking.
      2201 Advance Ave, Columbus, OH 43207
      View Details
    • Contact for pricing

      Warehouse with Office and Storage

      6,600 SF warehouse sublease with office, storage, and convenient location.
      1663 Watkins Rd, Columbus, OH 43207
      View Details
    • Contact for pricing
      1,100 SF

      Garage on Industrial Lot

      1,100 SF garage on 0.49 acre lot.
      Llewellyn Ave, Columbus, OH 43207
      View Details
    • Contact for pricing

      Columbus Industrial Warehouse Space Available

      Industrial warehouse with office space, heavy power, and crane.
      711 Southwood Ave, Columbus, OH 43207
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      19,764 SF

      Columbus Warehouse: 19,764 SF

      Prime Columbus warehouse, 19,764 sq ft.
      1663 Watkins Rd, Columbus, OH 43207
      View Details
    • Contact for pricing
      244,800 SF

      Columbus Industrial Portfolio Opportunity

      Three-building portfolio near I-270 and CSX intermodal yard.
      1580 Williams Rd, Columbus, OH 43207
      View Details
    • Contact for pricing
      87,641 SF

      Columbus Industrial Distribution Center Space

      Industrial space for lease in Columbus distribution center.
      1695 Williams Rd, Columbus, OH 43207
      View Details
    • Contact for pricing
      599,040 SF

      Spacious Warehouse and Distribution Facility

      Large industrial building with docks and drive-in doors for lease.
      2255 Parsons Ave, Columbus, OH 43207
      View Details
    • $9 SF/Yr
      7,500 SF

      Industrial Warehouse Near I-70

      7,500 SF industrial warehouse space near I-70 available for lease.
      2080-2090 Fairwood Ave, Columbus, OH 43207
      View Details
    • Contact for pricing
      30,592 SF

      Columbus Warehouse Space For Lease

      Industrial and distribution space available in Columbus, Ohio.
      2215 Parsons Ave, Columbus, OH 43207
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    4550-4552 Lockbourne Rd
    Columbus, OH 43207
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!