Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    792 Lockbourne Rd Columbus, OH 43205-2863

    • Office buildings
    • 0.10 lot acres
    OFF-MARKET
    Last Sale
    Jun 06, 2022
    $150,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US66-3701761
    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 buildings

    Property Details for 792 Lockbourne Rd

    Lot size
    0.10 lot acres
    Property type
    Office buildings
    APN
    010-047479
    APU
    10047479

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Columbus
    County
    Franklin
    State
    Ohio
    Longitude
    -82.963
    Latitude
    39.9499
    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
    $269
    $2,310
    $1,370
    $3,680
    -
    $6,600
    $3,900
    $10,500

    Comparable in this City

    • Value Estimation by Request
      2,634 SF

      755 Main St

      OFFICE BUILDING • 2,634 SF
      755 Main St, Columbus, OH 43205-1760
      View Details
    • Value Estimation by Request
      3,639 SF

      1271 Broad St

      OFFICE BUILDING • 3,639 SF
      1271 Broad St, Columbus, OH 43205-1429
      View Details
    • Value Estimation
      $1,300,000
      12,000 SF

      1015 Broad St

      OFFICE BUILDING • 12,000 SF
      1015 Broad St, Columbus, OH 43205-1370
      View Details
    • Value Estimation by Request
      2,968 SF

      971 Bryden Rd

      OFFICE BUILDING • 2,968 SF
      971 Bryden Rd, Columbus, OH 43205-1801
      View Details
    • Value Estimation
      $725,000
      5,814 SF

      1243 Broad St

      OFFICE BUILDING • 5,814 SF
      1243 Broad St, Columbus, OH 43205-1404
      View Details
    • Value Estimation
      $970,000
      7,781 SF

      854 Broad St

      OFFICE BUILDING • 7,781 SF
      854 Broad St, Columbus, OH 43205-1110
      View Details

    Similar Nearby for Sale

    • $1,995,000
      12,000 SF

      Prime Columbus Office Building

      12,000 SF Office, 8% Cap Rate
      1015 Broad St, Columbus, OH 43205
      View Details
    • Contact for pricing
      10,950 SF

      Warehouse and Office Space Available

      Two buildings with warehouse and office space totaling 10,950 SF.
      3875-3883 E Livingston Ave, Columbus, OH 43205
      View Details
    • Contact for pricing

      Renovated Commercial Park with Drive-Ins

      Newly renovated commercial park with drive-in doors and office space.
      572 S Nelson Rd, Columbus, OH 43205
      View Details
    • $1,000,000

      Prime Olde Towne East Multifamily

      Four-unit building, newly renovated, high ROI.
      121-125 Wilson Ave, Columbus, OH 43205
      View Details
    • $525,000

      Columbus Duplex: Prime Airbnb Investment

      Turnkey Duplex, High Returns, Fully Furnished
      266 Miller Ave, Columbus, OH 43205
      View Details
    • $875,000
      16,739 SF

      Columbus Church Conversion Opportunity

      Historic building, huge potential, needs renovation.
      36 Garfield Ave, Columbus, OH 43205
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      97,129 SF

      Triumph: Olde Towne East Retail Space

      Prime corner retail/restaurant, 1,638 sq ft available.
      80 18Th St, Columbus, OH 43205
      View Details
    • Contact for pricing
      16,800 SF

      Columbus Office Space For Rent

      Office space available for lease in Columbus, Ohio.
      1505-1509 E Main St, Columbus, OH 43205
      View Details
    • $10 SF/Yr
      6,240 SF

      Industrial Space with Office

      6,240 SF industrial space featuring a second-floor office.
      1956 E Walnut St, Columbus, OH 43205
      View Details
    • Contact for pricing

      Warehouse Units Near Downtown Columbus

      Two warehouse units available for lease just outside downtown Columbus.
      Collumbus, Columbus, OH 43205
      View Details
    • $16 SF/Yr
      5,624 SF

      Prime Columbus Flex Space

      5,624 SF Retail/Industrial Opportunity
      156 Ohio Ave, Columbus, OH 43205
      View Details
    • $10 SF/Yr
      60,000 SF

      Bexley Business Park: Flex Space Available

      Columbus industrial space, 3,200-60,000 SF
      572 Nelson Rd, Columbus, OH 43205
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    792 Lockbourne Rd
    Columbus, OH 43205-2863
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.