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

    5970 Godown Rd Columbus, OH 43235-7550

    • Commercial real estate
    • 9,787 SF
    • 8.85 lot acres
    OFF-MARKET
    Last Sale
    Dec 02, 2022
    Value Estimations
    $1,095,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US66-2368823
    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

    • Family Life Ministries / Family Counselor

    Property Details for 5970 Godown Rd

    Year built
    1994
    Construction
    WOOD
    Lot size
    8.85 lot acres
    Property size
    9,787 SF
    Zone code
    5970
    Property type
    Commercial real estate
    APN
    010-006324
    APU
    10006324

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $1,575,000
      6.5%
      $1,455,000
      7%
      $1,350,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $681,000
      Market price range: $75.4k - $681k

    • Alternative Use

      Use
      Estimation
      COMMERCIAL (GENERAL)
      $950,000
      Current use
      AUTO REPAIR, GARAGE
      $1,550,000
      Change: +63% Conversion: Difficult
      APARTMENT HOUSE (5+ UNITS)
      $1,420,000
      Change: +49% Conversion: Moderate
      MEDICAL BUILDING
      $1,320,000
      Change: +39% Conversion: Easy
      NEIGHBORHOOD: SHOPPING CENTER
      $1,060,000
      Change: +11% Conversion: Difficult
      RETAIL STORES
      $1,050,000
      Change: +11% Conversion: Easy

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

    Location Insight

    • Map
    • Local Demand
    City
    Columbus
    County
    Franklin
    State
    Ohio
    Longitude
    -83.0541
    Latitude
    40.0795
    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
    $54,601
    $201,110
    $546,350
    $747,460
    -
    $574,600
    $1,561,000
    $2,135,600

    Comparable in this City

    • Value Estimation
      $3,190,000
      4,496 SF

      3730 Dublin Granville Rd

      COMMERCIAL (GENERAL) • 4,496 SF
      3730 Dublin Granville Rd, Columbus, OH 43235-7988
      View Details
    • Value Estimation
      $1,385,000
      38,004 SF

      3111 Hayden Rd

      COMMERCIAL (GENERAL) • 38,004 SF
      3111 Hayden Rd, Columbus, OH 43235-3258
      View Details
    • Value Estimation
      $1,775,000
      83,875 SF

      7395 Vantage Dr

      COMMERCIAL (GENERAL) • 83,875 SF
      7395 Vantage Dr, Columbus, OH 43235
      View Details
    • Value Estimation by Request
      3,298 SF

      2855 Snouffer Rd

      COMMERCIAL (GENERAL) • 3,298 SF
      2855 Snouffer Rd, Columbus, OH 43235-2053
      View Details
    • Value Estimation by Request
      2,788 SF

      6835 Caine Rd

      COMMERCIAL (GENERAL) • 2,788 SF
      6835 Caine Rd, Columbus, OH 43235-4234
      View Details
    • Value Estimation by Request
      3.02 Acres

      Allston Way

      COMMERCIAL (GENERAL) • 3.02 Acres
      Allston Way, Columbus, OH 43235
      View Details

    Similar Nearby for Sale

    • $1,900,000
      2.60 Acres

      Hayden Crossing Retail Land

      Columbus, OH: Prime Retail Opportunity
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      25,344 SF

      Caine Road Office Park Investment

      Columbus Office Complex: 22 Suites, 100% Leased
      6800-6850 Caine Rd, Columbus, OH 43235
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      Worthington Land: 4.71 Acres

      Prime Columbus development land, 205,167 sq ft.
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    • $420,000
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      Established Medical Practice For Sale

      Long-standing medical practice with ample parking in high retail area.
      2931-3939 Donnylane Blvd, Columbus, OH 43235
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      7,970 SF

      Restaurant Sale-Leaseback Investment Opportunity

      NNN lease investment with established restaurant tenant and strong performance.
      3000 Hayden Rd, Columbus, OH 43235
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      Retail Space in Dublin, Ohio

      Prime corner location near hospital and major retailers.
      7400-7454 Sawmill Rd, Columbus, OH 43235
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      194,691 SF

      Sawmill Plaza Retail Space Available

      Columbus Shopping Center: 3,000 SF Available
      2582-2680 Sawmill Place Blvd, Columbus, OH 43235
      View Details
    • $9 SF/Yr
      119,000 SF

      Northwoods I Office Space Available

      Columbus Office Building: Prime Location, Flexible Suites
      7965 High St, Columbus, OH 43235
      View Details
    • $18 SF/Yr
      141,072 SF

      Farmers Dr Executive Offices

      Columbus Office Space: 8 Suites Available
      2500 Farmers Dr, Columbus, OH 43235
      View Details
    • Contact for pricing
      1,500 SF

      Retail Space in Sawmill Plaza

      Retail space available in high-traffic Columbus location.
      2643-2763 Sawmill Place Blvd, Columbus, OH 43235
      View Details
    • Contact for pricing
      2,400 SF

      Retail Space in High-Traffic Center

      Retail space available in a busy shopping center.
      4816-4860 Sawmill Rd, Columbus, OH 43235
      View Details
    • Contact for pricing
      1,400 SF

      Retail Space in Highbluffs Center

      Retail space with high traffic and excellent visibility.
      8211-8235 N High St, Columbus, OH 43235
      View Details
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    5970 Godown Rd
    Columbus, OH 43235-7550
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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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