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    Property profile & analytics

    4925 Sunbury Rd Columbus, OH 43231

    • Commercial real estate
    • 16.00 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US66-5469682
    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

    • Lamb of God Lutheran Church / Lutheran Church / Religious Institution

    Property Details for 4925 Sunbury Rd

    Lot size
    16.00 lot acres
    Property type
    Commercial real estate

    Description

    This exceptional 16-acre development site in Columbus, Ohio, presents a unique opportunity. Located at 4925 Sunbury Rd, in Franklin County (zip code 43231), this property boasts approximately 9 buildable acres of premium land, complemented by additional scenic acreage. Its strategic location just off Morse Road places it on the northern edge of Easton Town Center, a top-tier open-air development, and within a 10-minute drive of the Columbus International Airport. The site's quiet setting, despite its proximity to Easton's bustling activity, makes it ideal for residential projects, including senior housing and assisted living facilities. Easton Town Center provides abundant amenities, from shopping and dining to a movie theater and various medical services. The City of Columbus's pro-development stance further enhances the appeal of this exceptional property, offering a streamlined redevelopment process. The asking price for this significant land parcel is $6,000,000.

    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
    -82.919971289362
    Latitude
    40.060384868843

    Comparable in this City

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    • $300,000

      Columbus Residential Land - Buildable Lots

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      Columbus Land: Build Your Dream

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    Similar Nearby for Sale

    • New
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      Renovated Duplex with Ranch Unit

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      View Details
    • $359,900
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      Columbus Duplex Near Easton, Westerville

      Spacious duplex with modern updates near shopping, dining, and entertainment.
      3292 Betty Ct, Columbus, OH 43231
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    • $120,000

      Columbus Residential Land - Build Ready

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      0 Abington Rd, Columbus, OH 43231
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    • $390,000

      Columbus Residential Land - Build Your Dream Home

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      0 Abington Rd, Columbus, OH 43231
      View Details
    • $300,000

      Columbus Residential Land - Buildable Lots

      Five buildable lots, Westerville schools.
      0 Abington Rd, Columbus, OH 43231
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    • $150,000

      Columbus Land: Build Your Dream

      Prime 4,791 sq ft lot in Blendon Township.
      0 Abington Rd, Columbus, OH 43231
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    Similar Nearby for Lease

    • $600 /Mo
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      Columbus Office Space For Lease

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      Contemporary office suites with advanced tech and included internet.
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    • $550 /Mo
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      Corporate Exchange I Office Space

      Columbus, Ohio Class A Office Suites Available
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    • Contact for pricing
      48,141 SF

      Columbus Square Retail Opportunity

      Retail space available in Northeast Columbus with high visibility.
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    4925 Sunbury Rd
    Columbus, OH 43231
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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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