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

    47 Wilson Brg Rd Worthington, OH 43085-2301

    • Office buildings
    • 7,392 SF
    • 0.63 lot acres
    OFF-MARKET
    Last Sale
    Sep 30, 2024
    $800,000
    Value Estimations
    $810,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US66-0280591
    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 47 Wilson Brg Rd

    Year built
    1985
    Lot size
    0.63 lot acres
    Property size
    7,392 SF
    Property type
    Office buildings
    APN
    100-002465
    APU
    100002465

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $798,000
      Market price range: $476k - $1.10M
      AI Estimate
      $836,000
      Market price range: $358k - $1.18M

    • Alternative Use

      Use
      Estimation
      OFFICE BUILDING
      $765,000
      Current use
      AUTO REPAIR, GARAGE
      $1,170,000
      Change: +54% Conversion: Difficult
      APARTMENT HOUSE (5+ UNITS)
      $1,070,000
      Change: +40% Conversion: Easy
      MEDICAL BUILDING
      $1,000,000
      Change: +31% Conversion: Easy
      NEIGHBORHOOD: SHOPPING CENTER
      $800,000
      Change: +5% Conversion: Difficult
      RETAIL STORES
      $795,000
      Change: +4% Conversion: Moderate
      COMMERCIAL (GENERAL)
      $720,000
      Change: -6% Conversion: Easy

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

    Location Insight

    • Map
    • Local Demand
    City
    Worthington
    County
    Franklin
    State
    Ohio
    Longitude
    -83.0154
    Latitude
    40.1065
    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
    $29,135
    $75,640
    $238,950
    $314,590
    -
    $216,100
    $682,700
    $898,800

    Comparable in this City

    • Value Estimation by Request
      0.05 Acres

      High St

      OFFICE BUILDING • 0.05 Acres
      High St, Worthington, OH 43085
      View Details
    • Value Estimation by Request
      0.14 Acres

      High St

      OFFICE BUILDING (MULTI-STORY) • 0.14 Acres
      High St, Worthington, OH 43085
      View Details
    • Value Estimation by Request
      8,000 SF

      Old Wilson Brg Rd

      OFFICE BUILDING (MULTI-STORY) • 8,000 SF
      Old Wilson Brg Rd, Worthington, OH 43085
      View Details
    • Value Estimation
      $4,720,000
      119,228 SF

      100 Old Wilson Brg Rd

      OFFICE BUILDING (MULTI-STORY) • 119,228 SF
      100 Old Wilson Brg Rd, Worthington, OH 43085-2255
      View Details
    • Value Estimation
      $5,725,000
      58,562 SF

      350 Wilson Brg Rd

      OFFICE BUILDING (MULTI-STORY) • 58,562 SF
      350 Wilson Brg Rd, Worthington, OH 43085-2585
      View Details
    • Value Estimation by Request
      1,588 SF

      891 High St

      OFFICE BUILDING • 1,588 SF
      891 High St, Worthington, OH 43085-4109
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      5,939 SF

      Worthington Office Building For Sale

      Three-story office building with suite available and monument signage coming soon.
      5760 N High St, Worthington, OH 43085
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    • Contact for pricing

      Worthington Two-Story Brick Office Building

      21,046 SF office building with signage and ample parking.
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      4,662 SF

      Worthington Office Building For Sale

      Stylish brick office building with long-term tenants and income potential.
      6660 N High St, Worthington, OH 43085
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      50,418 SF

      Flex Office Warehouse in Worthington

      Partially leased flex office warehouse property with docks and drive-in doors.
      600 Lakeview Plaza Blvd, Worthington, OH 43085
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      2,261 SF

      Columbus Office Space For Sale

      Office space available for purchase in Columbus, Ohio.
      71 E Wilson Bridge Rd, Columbus, OH 43085
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    • Contact for pricing
      1,498 SF

      Linworth Mixed-Use Property For Sale

      Mixed-use property in Linworth, across from new shopping center.
      2290 W Dublin Granville Rd, Columbus, OH 43085
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    Similar Nearby for Lease

    • Contact for pricing

      Stylish Worthington Office Building For Rent

      Well-maintained office building with long-term tenants and income potential.
      6660 N High St, Worthington, OH 43085
      View Details
    • $1,495,000
      18,648 SF

      Worthington Office Building For Lease

      Stylish brick office building in excellent condition with long-term tenants.
      6660 N High St, Worthington, OH 43085
      View Details
    • Contact for pricing

      Professionally Managed Office Building

      Multi-tenant office building with excellent visibility and renovated common areas.
      100 West Old Wilson Bridge Rd, Columbus, OH 43085
      View Details
    • Contact for pricing

      Single Tenant Office Space

      Office space available for single tenant occupancy.
      5655 N High St, Worthington, OH 43085
      View Details
    • Contact for pricing

      Office Space in Worthington Location

      Office suites available for lease in Worthington, Columbus.
      E Wilson Bridge Rd, Columbus, OH 43085
      View Details
    • Contact for pricing
      1,816 SF

      Worthington Office Space Available

      Office space in Worthington with athletic club and conference center.
      250 E Wilson Bridge Rd, Columbus, OH 43085
      View Details
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    Worthington, OH 43085-2301
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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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