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    577 S Napoleon Ave Columbus, OH 43213
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    577 S Napoleon Ave, Columbus, OH 43213

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    • Residential land & home lots
    Off-Market
    Property ID
    US66-0277502
    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.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Residential land & home lots

    Property Details for 577 S Napoleon Ave

    Year built
    1941
    Property type
    Residential land & home lots

    Description

    Attractive flat building lot in the heart of Whitehall. Close to parks and shopping. Convenient location right off Main St. Public utilities available. Lot is ready for your dream home!

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Columbus
    County
    Delaware
    State
    Ohio
    Longitude
    -82.907
    Latitude
    39.9604556

    Comparable in this City

    • $495,000

      Commercial Land Parcel in Bexley

      0.6-acre lot suitable for retail or commercial users.
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      Columbus Land For Sale

      Land available for sale in Columbus, Ohio.
      3535 E Main St, Columbus, OH 43213
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      One Acre Hillside Lot

      One acre sloping hillside lot with recent survey.
      1111 Noe Bixby Rd, Columbus, OH 43213
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      30 SF

      30 Acres on East Broad

      30 acres of commercial land with development potential.
      6150 East Broad St, Columbus, OH 43213
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      Columbus Industrial Land For Sale

      5-acre industrial site near I-270 and John Glenn Airport.
      150 Chris Perry Ln, Columbus, OH 43213
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      Commercial Land Near I-270

      7.85 acres of commercial land with utilities and tax abatement.
      250 Taylor Station Rd, Columbus, OH 43213
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    Similar Nearby for Sale

    • $495,000

      Commercial Land Parcel in Bexley

      0.6-acre lot suitable for retail or commercial users.
      3855 E Main St, Columbus, OH 43213
      View Details
    • Contact for pricing

      Columbus Land For Sale

      Land available for sale in Columbus, Ohio.
      3535 E Main St, Columbus, OH 43213
      View Details
    • Contact for pricing

      One Acre Hillside Lot

      One acre sloping hillside lot with recent survey.
      1111 Noe Bixby Rd, Columbus, OH 43213
      View Details
    • Contact for pricing
      30 SF

      30 Acres on East Broad

      30 acres of commercial land with development potential.
      6150 East Broad St, Columbus, OH 43213
      View Details
    • Contact for pricing

      Columbus Industrial Land For Sale

      5-acre industrial site near I-270 and John Glenn Airport.
      150 Chris Perry Ln, Columbus, OH 43213
      View Details
    • Contact for pricing

      Commercial Land Near I-270

      7.85 acres of commercial land with utilities and tax abatement.
      250 Taylor Station Rd, Columbus, OH 43213
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Commercial Land for Lease

      1.35 acres available for ground lease or build-to-suit.
      3769 E Broad St, Columbus, OH 43213
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      High-Exposure Land for Lease

      Land with high traffic, great exposure, and flexible space options.
      5901 E Main St, Columbus, OH 43213
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      Commercial Land For Lease

      1.35 AC commercial land available for ground lease.
      3769 E Broad St, Columbus, OH 43213
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      2,542 SF

      Prime Whitehall Retail Opportunity

      Former Wendy's, 2,542 SF, High Visibility
      4595 Main St, Columbus, OH 43213
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      54,450 SF

      Columbus Commercial Land Opportunity

      High-visibility 1.25-acre commercial lot
      5069 Main St, Columbus, OH 43213
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      Office/Medical Space for Lease

      Office/Medical space for lease, newly renovated, close to I-270.
      Columbus, OH 43213
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    Columbus, OH 43213
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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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