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

    530 Norton Rd Columbus, OH 43228-2617

    • Strip malls
    • 4,400 SF
    • 1.35 lot acres
    OFF-MARKET
    Value Estimations
    $310,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US66-2234699
    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

    • Flecha Law Ltd. - Crucita Flecha / Immigration Attorney / Family Law Attorney
    • El Camioncito Del Sabor Taqueria / Taco Restaurant / Restaurant
    • O'Malley's Lounge / Bar
    • Alfa Beauty Salon / Beauty Salon / Hair Salon

    Property Details for 530 Norton Rd

    Year built
    1978
    Lot size
    1.35 lot acres
    Property size
    4,400 SF
    Zone code
    530
    Property type
    Strip malls
    Property subtype
    Neighborhood centers
    APN
    570-122549
    APU
    570122549

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $380,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $241,000
      Market price range: $97.5k - $242k

    • Alternative Use

      Use
      Estimation
      NEIGHBORHOOD: SHOPPING CENTER
      $475,000
      Current use
      OFFICE BUILDING
      $630,000
      Change: +32% Conversion: Moderate
      MEDICAL BUILDING
      $595,000
      Change: +25% Conversion: Difficult
      RETAIL STORES
      $460,000
      Change: -3% Conversion: Easy
      COMMERCIAL (GENERAL)
      $425,000
      Change: -10% Conversion: Easy

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

    Location Insight

    • Map
    • Local Demand
    City
    Columbus
    County
    Franklin
    State
    Ohio
    Longitude
    -83.1417
    Latitude
    39.9415
    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
    $18,456
    $80,850
    $215,320
    $296,170
    -
    $231,000
    $615,200
    $846,200

    Comparable in this City

    • Value Estimation
      $745,000
      33,320 SF

      5275 Westpointe Plz Dr

      SHOPPING CENTER, STRIP CENTER • 33,320 SF
      5275 Westpointe Plz Dr, Columbus, OH 43228-9131
      View Details
    • Value Estimation
      $570,000
      13,350 SF

      1355 Georgesville Rd, Unit 1397

      SHOPPING CENTER, STRIP CENTER • 13,350 SF
      1355 Georgesville Rd, Columbus, OH 43228-3611
      View Details
    • Value Estimation
      $1,120,000
      9,000 SF

      5500 Hall Rd, Unit 5526

      SHOPPING CENTER, STRIP CENTER • 9,000 SF
      5500 Hall Rd, Columbus, OH 43228-3210
      View Details
    • Value Estimation
      $290,000
      11,816 SF

      745 Georgesville Rd, Unit 755

      SHOPPING CENTER, STRIP CENTER • 11,816 SF
      745 Georgesville Rd, Columbus, OH 43228-2826
      View Details
    • Value Estimation
      $1,070,000
      23,650 SF

      5316-5318- Westpointe Plz Dr

      SHOPPING CENTER, STRIP CENTER • 23,650 SF
      5316-5318- Westpointe Plz Dr, Columbus, OH 43228
      View Details
    • Value Estimation
      $825,000
      66,238 SF

      4788 Broad St, Unit 4930

      SHOPPING CENTER, STRIP CENTER • 66,238 SF
      4788 Broad St, Columbus, OH 43228-1650
      View Details

    Similar Nearby for Sale

    • $4,100,000
      40,966 SF

      Columbus Retail Opportunity Near Casino

      Retail property for sale near Hollywood Casino and Interstate 270.
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      Prime commercial land with income potential on West Broad Street.
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      NNN leased car wash near Columbus Airport with corporate guaranty.
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      Georgesville Rd Retail Land

      Columbus Retail Land: Prime 2.5-acre Outparcel
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      Westland Flea Market - Columbus, OH

      Profitable Flea Market, 6 Acres, High Occupancy
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      NNN Lease Restaurant Opportunity

      Restaurant for sale with absolute NNN lease.
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    Similar Nearby for Lease

    • Contact for pricing
      23,253 SF

      Retail Space Near Hollywood Casino

      Retail spaces for lease near Kroger and Hollywood Casino.
      3530-3592 Soldano Blvd, Columbus, OH 43228
      View Details
    • Contact for pricing
      9,400 SF

      West Highland Plaza Retail Center

      Columbus Strip Mall, 1,600 SF Available
      3947-3955 Broad St, Columbus, OH 43228
      View Details
    • $10 SF/Yr
      1,980 SF

      Retail Space Near Hollywood Casino

      Retail property for lease with high traffic and ample parking.
      4788-4904 W Broad St, Columbus, OH 43228
      View Details
    • $18 SF/Yr
      2,860 SF

      Georgesville Road Retail Space

      Columbus Retail Space, High Traffic
      1383 Georgesville Rd, Columbus, OH 43228
      View Details
    • Contact for pricing

      Paved Trailer/Container Storage Available

      Paved trailer/container storage near I-70/I-270 interchange.
      4499 Fisher Rd, Columbus, OH 43228
      View Details
    • $23 SF/Yr
      4,830 SF

      Retail Space on Renner Road

      Retail property with high visibility and traffic in Columbus, OH.
      5230 Renner Rd, Columbus, OH 43228
      View Details
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    530 Norton Rd
    Columbus, OH 43228-2617
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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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