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    743 Bethel Rd Columbus, OH 43214
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    Property profile & analytics

    743 Bethel Rd Columbus, OH 43214

    View on Map
    • Community centers
    • 36,570 SF
    • 10.27 lot acres
    For Lease
    $4,630,000
    View Listing →
    Urban Infill Shopping Center Space For Lease
    $4,630,000

    Urban Infill Shopping Center Space

    Premier shopping destination with diverse retail and grocery options.

    743 Bethel Rd, Columbus, OH 43214
    View Listing
    Property ID
    US66-2550399
    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

    • Peking Hot Pot / Restaurant
    • Coco Hot Pot / Restaurant

    Property Details for 743 Bethel Rd

    Year built
    1980
    Lot size
    10.27 lot acres
    Property size
    36,570 SF
    Zone code
    795
    Property type
    Community centers
    Property subtype
    Shopping centers
    APN
    010-073630
    APU
    10073630

    Description

    Olentangy Plaza, located at 743 Bethel Rd, Columbus, OH 43214, offers prime retail space for lease. This Class A property boasts a total of 104,873 square feet and features multiple tenancies. Currently, there are two available spaces, each ranging from 2,875 to 3,033 contiguous square feet, totaling 5,908 square feet of vacant space. The property provides ample parking with 1125 spaces available for customers and employees. The minimum divisible space is 2,875 square feet, making it ideal for a variety of retail businesses. This highly visible location in Columbus offers excellent accessibility and high traffic volume, presenting a significant opportunity for businesses seeking a thriving retail environment. The property's strategic location and ample parking ensure convenient access for customers, contributing to a positive shopping experience. Interested parties are encouraged to inquire about lease terms and availability for these exceptional retail spaces. The property is classified as Class A, reflecting its high-quality construction and modern amenities.

    Value Estimations

    based on Realmo’s proprietary methodology

    • Alternative Use

      Use
      Estimation
      NEIGHBORHOOD: SHOPPING CENTER
      $3,950,000
      Current use
      AUTO REPAIR, GARAGE
      $5,800,000
      Change: +47% Conversion: Difficult
      APARTMENT HOUSE (5+ UNITS)
      $5,300,000
      Change: +34% Conversion: Difficult
      MEDICAL BUILDING
      $4,940,000
      Change: +25% Conversion: Difficult
      RETAIL STORES
      $3,925,000
      Change: -1% Conversion: Easy
      COMMERCIAL (GENERAL)
      $3,550,000
      Change: -10% Conversion: Easy

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

    Location Insight

    • Map
    • Local Demand
    City
    Columbus
    County
    Franklin
    State
    Ohio
    Longitude
    -83.0416
    Latitude
    40.0614
    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
    $357,169
    $1,528,350
    $4,396,880
    $5,925,230
    -
    $4,366,700
    $12,562,500
    $16,929,200

    Comparable in this City

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    • Value Estimation
      $3,225,000
      25,646 SF

      5040 High St, Unit 5060

      MINI-MALL • 25,646 SF
      5040 High St, Columbus, OH 43214-1524
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    • Value Estimation by Request
      1.18 Acres

      Bethel Rd

      MINI-MALL • 1.18 Acres
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    • Value Estimation by Request
      4.55 Acres

      875 Bethel Rd, Unit 889

      MINI-MALL • 4.55 Acres
      875 Bethel Rd, Columbus, OH 43214-1903
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    • Value Estimation
      $1,985,000
      16,792 SF

      30 Graceland Blvd

      MINI-MALL • 16,792 SF
      30 Graceland Blvd, Columbus, OH 43214-7509
      View Details
    • Value Estimation
      $675,000
      16,650 SF

      4352 Indianola Ave, Unit 4368

      MINI-MALL • 16,650 SF
      4352 Indianola Ave, Columbus, OH 43214-2224
      View Details

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    Similar Nearby for Lease

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      1,221 SF

      Retail Space in Graceland Area

      Retail space available in redeveloped shopping center near interstates.
      152-159 Graceland Blvd, Columbus, OH 43214
      View Details
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      Urban Infill Shopping Center Space

      Premier shopping destination with diverse retail and grocery options.
      743 Bethel Rd, Columbus, OH 43214
      View Details
    • Contact for pricing

      Retail Space Near Graceland

      Neighborhood retail shopping center across from Graceland shopping center.
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      1,593 SF

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      Retail space available for lease at a signalized intersection.
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      Retail Space in Columbus, Ohio

      Retail space available in a redeveloped shopping center.
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      Retail Space on Bethel Road

      Retail space with high visibility and diverse tenant mix.
      760 Bethel Rd, Columbus, OH 43214
      View Details
    View Listing
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    Columbus, OH 43214
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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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