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    649 30th St Heath, OH 43056-1244

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    Property profile & analytics

    649 30th St Heath, OH 43056-1244

    View on Map
    • Strip malls
    • 29,759 SF
    • 3.27 lot acres
    Off-Market
    Property ID
    US66-0023532
    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
    $1,155,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Strip malls

    Property Details for 649 30th St

    Year built
    2006
    Lot size
    3.27 lot acres
    Property size
    29,759 SF
    Property type
    Strip malls
    Property subtype
    Shopping centers
    APN
    030-088104-00.001
    APU
    3008810400001

    Description

    This exceptional Class A retail/office space, totaling 2,400 square feet, is available for lease within the Oak Tree Center in Heath, Ohio. Located at 649 S 30th St, this single-story building boasts a total of 30,985 square feet and sits on a generous 3.27 acres of land. Built in 2005, the property offers a modern and efficient layout, ideal for a variety of businesses. The space is conveniently situated north of SR 79 on S 30th Street, providing excellent visibility and accessibility. Its prime location is further enhanced by its proximity to a Dollar General store, ensuring high foot traffic and potential customer exposure. The entire building consists of a single suite, with the available space representing the entirety of the currently vacant area. While the minimum divisible space is 2,400 square feet, the maximum contiguous space available is also 2,400 square feet. This presents a unique opportunity for a business seeking a standalone location with ample space and convenient access. The property's address is 649 S 30th St, Heath, OH 43056, and its cross street is Hebron Road. This is a rare opportunity to secure a high-quality, well-located retail/office space in a thriving community.

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $1,031,000
      Market price range: $529k - $1.12M

    • Alternative Use

      Use
      Estimation
      NEIGHBORHOOD: SHOPPING CENTER
      $795,000
      Current use
      APARTMENT HOUSE (5+ UNITS)
      $1,650,000
      Change: +108% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Heath
    County
    Licking
    State
    Ohio
    Longitude
    -82.4437
    Latitude
    40.0337
    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
    $65,927
    $549,360
    $672,670
    $1,222,030
    -
    $1,569,600
    $1,921,900
    $3,491,500

    Comparable in this City

    • Value Estimation by Request
      17,500 SF

      861 30th St

      SHOPPING CENTER, STRIP CENTER • 17,500 SF
      861 30th St, Heath, OH 43056
      View Details
    • Value Estimation
      $5,365,000
      223,436 SF

      911 Hebron Rd

      WHOLESALE OUTLET, DISCOUNT STORE • 223,436 SF
      911 Hebron Rd, Heath, OH 43056-1182
      View Details
    • Value Estimation
      $1,210,000
      79,390 SF

      30th S St

      REGIONAL SHOPPING CENTER, MALL • 79,390 SF
      30th S St, Heath, OH 43056
      View Details
    • Value Estimation
      $1,735,000
      70,368 SF

      230 Central Pkwy

      WHOLESALE OUTLET, DISCOUNT STORE • 70,368 SF
      230 Central Pkwy, Heath, OH 43056-1201
      View Details
    • Value Estimation
      $2,370,000
      97,290 SF

      270 Central Pkwy

      WHOLESALE OUTLET, DISCOUNT STORE • 97,290 SF
      270 Central Pkwy, Heath, OH 43056-1278
      View Details
    • Value Estimation
      $1,715,000
      40,010 SF

      851 30th St

      WHOLESALE OUTLET, DISCOUNT STORE • 40,010 SF
      851 30th St, Heath, OH 43056-1207
      View Details

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    Similar Nearby for Lease

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      2,020 SF

      Grocery-Anchored Shopping Center Space

      Retail space available in a busy shopping center.
      533 Hebron Rd, Heath, OH 43056
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    • Contact for pricing
      2,730 SF

      Retail Space in Heath, Ohio

      Retail space available in established shopping center.
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      View Details
    • Contact for pricing
      2,730 SF

      Retail Space in Heath, Ohio

      Retail space available in a well-established shopping center.
      935-963 Hebron Rd, Heath, OH 43056
      View Details
    • Contact for pricing

      Retail Space on Central Parkway

      Retail property located on the corner of Central Parkway.
      901 Hebron Rd, Heath, OH 43056
      View Details
    • Contact for pricing

      Retail Spaces Available For Rent

      Retail spaces available, ranging from 380 to 3,780 SqFt.
      607 Hebron Rd, Heath, OH 43056
      View Details
    • Contact for pricing
      4,580 SF

      Former Bank Building For Rent

      4,580 SF former bank building on 1.58 acres.
      1066 Hebron Rd, Heath, OH 43056
      View Details
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    Heath, OH 43056-1244
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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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