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

    649 High St, Unit C-3 Worthington, OH 43085-4105

    • Office Properties & Spaces
    • 1,974 SF
    • 0.27 lot acres
    OFF-MARKET
    Last Sale
    Jul 21, 2021
    $1,000,000
    Value Estimations
    $825,000
    Show details
    Cap Rate Potential
    2.9%
    Office Properties & Spaces
    Location Intelligence
    Property ID
    US66-1524933
    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

    • Office Properties & Spaces

    Property Details for 649 High St

    Year built
    1836
    Construction
    WOOD
    Lot size
    0.27 lot acres
    Property size
    1,974 SF
    Property type
    Office Properties & Spaces
    APN
    100-006629
    APU
    100006629

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $825,000
      ML approach
      $870,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Worthington
    County
    Franklin
    State
    Ohio
    Longitude
    -83.0188
    Latitude
    40.087
    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
    $6,007
    $8,470
    $56,390
    $64,860
    -
    $24,200
    $161,100
    $185,300

    Comparable in this City

    • Value Estimation by Request
      20,000 SF

      127 Wilson Bridge Rd

      Medical offices • 20,000 SF
      127 Wilson Bridge Rd, Worthington, OH 43085
      View Details
    • Value Estimation
      $205,000
      2,867 SF

      649 High St, Unit C-4

      CONDOMINIUM OFFICES • 2,867 SF
      649 High St, Worthington, OH 43085-4105
      View Details
    • Value Estimation
      $235,000
      1,579 SF

      965 High St, Unit D-3

      CONDOMINIUM OFFICES • 1,579 SF
      965 High St, Worthington, OH 43085-4057
      View Details
    • Value Estimation
      $165,000
      855 SF

      937 High St, Unit 1

      CONDOMINIUM OFFICES • 855 SF
      937 High St, Worthington, OH 43085-4081
      View Details
    • Value Estimation
      $355,000
      2,784 SF

      634 High St Ste A

      CONDOMINIUM OFFICES • 2,784 SF
      634 High St Ste A, Worthington, OH 43085-4189
      View Details
    • Value Estimation
      $200,000
      959 SF

      867 High St

      CONDOMINIUM OFFICES • 959 SF
      867 High St, Worthington, OH 43085-4154
      View Details

    Similar Nearby for Sale

    • Contact for pricing
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    • $5,000,000
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      Modern, Vacant Medical Office - 20,000 SF
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      21,046 SF

      Worthington Two-Story Brick Office Building

      21,046 SF office building with signage and ample parking.
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    • $300,000
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      Columbus Office Space For Sale

      Office space available for purchase in Columbus, Ohio.
      71 E Wilson Bridge Rd, Columbus, OH 43085
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    Similar Nearby for Lease

    • $9 SF/Yr
      31,319 SF

      Worthington Office Space: Cascade Corporate Center

      Prime Worthington office suites, 23 available.
      250 Wilson Brg Rd, Worthington, OH 43085
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    • $12 SF/Yr
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      Worthington Office Building For Lease

      High-traffic, 18,648 sq ft office space
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    • $20 SF/Yr
      51,654 SF

      Worthington Gateway Office Space

      New Class A Office Suites Available
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    • $0.03 SF/Yr
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      Worthington Office Space For Lease

      Prime Office, 6,900 sq ft, 20 Parking Spaces
      5830 High St, Worthington, OH 43085
      View Details
    • $16 SF/Yr
      39,012 SF

      Worthington Executive Office Space

      Prime location, flexible suites, immediate occupancy.
      0 Wilson Brg Rd, Worthington, OH 43085
      View Details
    • $10 SF/Yr
      47,840 SF

      100 Old Wilson Bridge Rd

      Office Properties & Spaces • 47,840 SF
      100 Old Wilson Bridge Rd, Columbus, OH 43085
      View Details
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    Worthington, OH 43085-4105
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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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