Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    Property profile & analytics

    500 Kimball Pl Columbus, OH 43205

    • Commercial real estate
    For Sale
    View listing
    $64,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US66-5130635
    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

    • Commercial real estate

    Property Details for 500 Kimball Pl

    Property type
    Commercial real estate

    Description

    This exceptional .10-acre lot, spanning 4,356 square feet, presents a unique opportunity to build your dream home in the vibrant Olde Towne East neighborhood of Columbus, Ohio. Located at 500 Kimball Place, this property offers endless possibilities for creating a custom-designed urban oasis. The address is conveniently situated south of Main Street, providing easy access to the amenities and attractions of both Olde Towne East and downtown Columbus. Nearby points of interest include the renowned Nationwide Children's Hospital and the captivating Franklin Park Conservatory. The location also places you within a short drive of the bustling downtown core, where you can enjoy a vibrant cultural scene featuring live music venues, art galleries, and theater performances. This prime location offers a blend of urban convenience and residential tranquility. Furthermore, new construction on this lot is currently eligible for a significant 15-year, 100% tax abatement, making it an even more attractive investment. The property is zoned for residential use and is ready for immediate development. Don't miss this chance to build your dream home in one of Columbus's most desirable neighborhoods. The asking price for this exceptional lot is $64,000. The property is located in Franklin County, Ohio, with a zip code of 43205. The precise coordinates are 39.9560258 latitude and -82.9632316 longitude.

    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
    -82.9632316
    Latitude
    39.9560258

    Comparable in this City

    • $600,000
      0.19 Acres

      Development Opportunity in Olde Towne

      Multi-family development opportunity in a thriving historic community.
      308 Carpenter St, Columbus, OH 43205
      View Details
    • $875,000
      5,427 SF

      Prime Columbus Multifamily Investment

      Two-unit building, high-potential, C4 zoning.
      374 Wilson Ave, Columbus, OH 43205
      View Details
    • $179,000
      0.06 Acres

      Columbus Corner Lot Investment

      Prime 0.06-acre residential land.
      1673 Main St, Columbus, OH 43205
      View Details
    • $70,000

      Columbus Land: Prime Development Site

      Residential Land, 4,356 sq ft, Olde Town East
      996 Mound St, Columbus, OH 43205
      View Details
    • $145,900

      Bryden Road Development Opportunity

      Prime residential lot, 6,534 sq ft.
      838 Bryden Rd, Columbus, OH 43205
      View Details
    • $875,000

      Commercial Land and Duplex Opportunity

      Commercial land and duplex in opportunity zone near downtown Columbus.
      1230 E Main St, Columbus, OH 43205
      View Details

    Similar Nearby for Sale

    • $70,000

      Columbus Land: Prime Development Site

      Residential Land, 4,356 sq ft, Olde Town East
      996 Mound St, Columbus, OH 43205
      View Details
    • $600,000
      0.19 Acres

      Development Opportunity in Olde Towne

      Multi-family development opportunity in a thriving historic community.
      308 Carpenter St, Columbus, OH 43205
      View Details
    • $875,000
      5,427 SF

      Prime Columbus Multifamily Investment

      Two-unit building, high-potential, C4 zoning.
      374 Wilson Ave, Columbus, OH 43205
      View Details
    • $179,000
      0.06 Acres

      Columbus Corner Lot Investment

      Prime 0.06-acre residential land.
      1673 Main St, Columbus, OH 43205
      View Details
    • $145,900

      Bryden Road Development Opportunity

      Prime residential lot, 6,534 sq ft.
      838 Bryden Rd, Columbus, OH 43205
      View Details
    • $875,000

      Commercial Land and Duplex Opportunity

      Commercial land and duplex in opportunity zone near downtown Columbus.
      1230 E Main St, Columbus, OH 43205
      View Details

    Similar Nearby for Lease

    • $475,000
      3,504 SF

      Mixed-Use Retail With Renovated Apartment

      Mixed-use property featuring retail space and a renovated apartment.
      1029 E Livingston Ave, Columbus, OH 43205
      View Details
    • $1,995 /Mo

      Stylish Apartment in Olde Towne

      2-bedroom, 2-bath apartment in historic Olde Towne East.
      1185 Gustavus Ln, Columbus, OH 43205
      View Details
    • Contact for pricing
      1,500 SF

      Retail Space Available For Lease

      Retail space for lease with high traffic and nearby Kroger.
      6253-6261 E Main St, Columbus, OH 43205
      View Details
    • $25 SF/Yr
      2,639 SF

      Retail/Restaurant Space in Olde Towne

      Class A retail/restaurant space in a mixed-use development.
      1117 Oak St, Columbus, OH 43205
      View Details
    • Contact for pricing
      16,800 SF

      Columbus Office Space For Rent

      Office space available for lease in Columbus, Ohio.
      1505-1509 E Main St, Columbus, OH 43205
      View Details
    • $3,000 /Mo
      800 SF

      Renovated Office Space in Historic Building

      Modern office space with utilities included in Olde Towne East.
      1223-1227 E Main St, Columbus, OH 43205
      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.
    500 Kimball Pl
    Columbus, OH 43205
    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.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.