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

    495 Main St Columbus, OH 43215-5679

    • Medical offices
    • 17,600 SF
    • 0.69 lot acres
    OFF-MARKET
    Last Sale
    Oct 18, 2022
    $3,950,000
    Value Estimations
    $4,055,000
    Show details
    Cap Rate Potential
    5%
    Medical offices
    Location Intelligence
    Property ID
    US66-2754248
    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

    • Dr. Juanita M. Murawski, MD / Physician / Medical Clinic
    • Dr. Cynthia M. Holland-Hall, MD / Pediatrician / Medical Clinic
    • Joseph W. Hatcher, PHD / Physician
    • Dr. Jennifer Reese / Physician / Medical Clinic
    • Kristopher West / Physician / Medical Clinic

    Property Details for 495 Main St

    Year built
    1976
    Lot size
    0.69 lot acres
    Property size
    17,600 SF
    Property type
    Medical offices
    Property subtype
    Medical centers
    APN
    010-017929
    APU
    10017929

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $4,160,000
      ML approach
      $4,150,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $3,495,000
      6.5%
      $3,230,000
      7%
      $3,000,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $3,410,000
      Market price range: $1.61M - $3.41M

    • Alternative Use

      Use
      Estimation
      RESTAURANT
      $4,015,000
      AUTO REPAIR, GARAGE
      $2,790,000
      APARTMENT HOUSE (5+ UNITS)
      $2,550,000
      OFFICE BUILDING
      $2,495,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Columbus
    County
    Franklin
    State
    Ohio
    Longitude
    -82.9862
    Latitude
    39.9573
    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
    $89,469
    $316,860
    $907,940
    $1,224,800
    -
    $905,300
    $2,594,100
    $3,499,400

    Comparable in this City

    • Value Estimation
      $1,660,000
      9,992 SF

      1127 Dublin Rd

      MEDICAL BUILDING • 9,992 SF
      1127 Dublin Rd, Columbus, OH 43215-1005
      View Details
    • Value Estimation
      $3,180,000
      33,305 SF

      720 Broad St

      MEDICAL BUILDING • 33,305 SF
      720 Broad St, Columbus, OH 43215-3988
      View Details
    • Value Estimation by Request
      0.08 Acres

      666 Broad St, Unit 696

      MEDICAL BUILDING • 0.08 Acres
      666 Broad St, Columbus, OH 43215-3947
      View Details
    • Value Estimation
      $5,500,000
      24,795 SF

      112 Jefferson Ave

      MEDICAL BUILDING • 24,795 SF
      112 Jefferson Ave, Columbus, OH 43215-1861
      View Details
    • Value Estimation
      $7,645,000
      55,236 SF

      500 Main St

      MEDICAL BUILDING • 55,236 SF
      500 Main St, Columbus, OH 43215-5369
      View Details
    • Value Estimation
      $875,000
      6,938 SF

      2100 Marble Clf Ofc Park

      MEDICAL BUILDING • 6,938 SF
      2100 Marble Clf Ofc Park, Columbus, OH 43215-1056
      View Details

    Similar Nearby for Sale

    • $2,400,000
      6,938 SF

      Columbus Medical Office Building

      Profitable Owner/User Opportunity in Columbus, OH
      2100 Marble Cliff Office Park, Columbus, OH 43215
      View Details
    • $2,400,000
      6,938 SF

      Dublin Road Medical Office Building

      Medical office building with established tenant and signage opportunities.
      2100 Marble Cliff Office Park, Columbus, OH 43215
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    • $2,000,000
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      Historic Office Building on Broad

      Renovated 26,564 SF office building in downtown Columbus.
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    • Contact for pricing
      22,506 SF

      Downtown Mixed-Use Property

      Historic building with office and retail space for sale.
      9 E Long St, Columbus, OH 43215
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    • $565,000
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      Updated Office Condo in German Village

      Well-maintained office condo with flexible configuration and recent updates.
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    • Contact for pricing
      107,550 SF

      Historic Downtown Mixed-Use Building

      Landmark building with office, retail space, and upscale apartments.
      361 E Broad St, Columbus, OH 43215
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    Similar Nearby for Lease

    • $11 SF/Yr
      6,021 SF

      Columbus Office Space for Lease

      Flexible Offices in Prime Location
      20 2Nd St, Columbus, OH 43215
      View Details
    • $22 SF/Yr
      66,243 SF

      Downtown Columbus Office Space

      Class A Office Suites Available Now
      535 Reach Blvd, Columbus, OH 43215
      View Details
    • $11 SF/Yr
      12,500 SF

      Downtown Columbus Office Space

      Prime CBD location, flexible suites available
      37 3Rd St, Columbus, OH 43215
      View Details
    • $192 SF/Yr
      22,464 SF

      Columbus Medical Office Space

      Prime Medical Office Suites Available
      1000 Broad St, Columbus, OH 43215
      View Details
    • $12 SF/Yr
      5,114 SF

      Columbus Office Space for Lease

      Flexible workspace solutions in prime location.
      21 State St, Columbus, OH 43215
      View Details
    • Contact for pricing
      55,844 SF

      Columbus Medical Office Space For Lease

      Prime Medical Office Suites Available in Columbus
      500 Main St, Columbus, OH 43215
      View Details
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    Columbus, OH 43215-5679
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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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