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

    804 Grandview Ave, Unit 828 Columbus, OH 43215-1124

    • Strip malls
    • 9,044 SF
    • 1.10 lot acres
    OFF-MARKET
    Last Sale
    Feb 29, 2024
    Value Estimations
    $1,195,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US66-1845179
    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

    • Strip malls

    Property Details for 804 Grandview Ave

    Year built
    2010
    Lot size
    1.10 lot acres
    Property size
    9,044 SF
    Property type
    Strip malls
    Property subtype
    Neighborhood centers
    APN
    030-002554
    APU
    30002554

    Value Estimations

    based on Realmo’s proprietary methodology

    • Alternative Use

      Use
      Estimation
      NEIGHBORHOOD: SHOPPING CENTER
      $975,000
      Current use
      AUTO REPAIR, GARAGE
      $1,435,000
      Change: +47% Conversion: Difficult
      APARTMENT HOUSE (5+ UNITS)
      $1,310,000
      Change: +34% Conversion: Difficult
      OFFICE BUILDING
      $1,280,000
      Change: +31% Conversion: Moderate
      MEDICAL BUILDING
      $1,220,000
      Change: +25% Conversion: Difficult
      COMMERCIAL (GENERAL)
      $1,065,000
      Change: +9% Conversion: Easy
      RETAIL STORES
      $970,000
      Change: -1% Conversion: Easy

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

    Location Insight

    • Map
    • Local Demand
    City
    Columbus
    County
    Franklin
    State
    Ohio
    Longitude
    -83.0452
    Latitude
    39.9733
    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
    $70,115
    $449,760
    $378,320
    $828,080
    -
    $1,285,000
    $1,080,900
    $2,365,900

    Comparable in this City

    • Value Estimation by Request
      498 SF

      65 High St

      SHOPPING CENTER, STRIP CENTER • 498 SF
      65 High St, Columbus, OH 43215
      View Details
    • Value Estimation
      $14,650,000
      695,293 SF

      400 High St

      REGIONAL SHOPPING CENTER, MALL • 695,293 SF
      400 High St, Columbus, OH 43215-2096
      View Details
    • Value Estimation by Request

      500 Broad St

      Retail properties
      500 Broad St, Columbus, OH 43215
      View Details
    • Value Estimation by Request
      32,669 SF

      175-199 Rich St

      Land • 32,669 SF
      175-199 Rich St, Columbus, OH 43215
      View Details
    • Value Estimation by Request
      0.01 Acres

      1st Aveg-10

      RESIDENTIAL PARKING GARAGE • 0.01 Acres
      1st Aveg-10, Columbus, OH 43215
      View Details
    • Value Estimation by Request
      0.05 Acres

      Ss Ml St

      AUTO REPAIR, GARAGE • 0.05 Acres
      Ss Ml St, Columbus, OH 43215
      View Details

    Similar Nearby for Sale

    • $799,000
      5,104 SF

      Prime Dublin Road Storefront

      Columbus Retail Space - Vacant, 5104 SF
      1103 Dublin Rd, Columbus, OH 43215
      View Details
    • $799,000
      5,104 SF

      Dublin Road Retail/Office Opportunity

      Retail/office space with high visibility and strong growth prospects.
      1103 Dublin Rd, Columbus, OH 43215
      View Details
    • $545,000
      1,652 SF

      Pharmacy Building Near Franklin University

      1,652 SF building with 15 parking spaces downtown.
      270 S Grant Ave, Columbus, OH 43215
      View Details
    • $2,700,000
      24,136 SF

      Downtown Office Space with Parking

      Restored historic building near courthouse with highway access and parking.
      341-345 S 3Rd St, Columbus, OH 43215
      View Details
    • $1,250,000
      5,800 SF

      Mixed-Use Building Near I-71

      5,800 SF mixed-use building suitable for warehousing, studio, or restaurant.
      480 E Main St, Columbus, OH 43215
      View Details
    • Contact for pricing
      22,506 SF

      Downtown Mixed-Use Property

      Historic building with office and retail space for sale.
      9 E Long St, Columbus, OH 43215
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      2,635 SF

      Retail Space in Mixed-Use Center

      Retail space available in high-traffic, mixed-use development.
      1072-1076 Dublin Rd, Columbus, OH 43215
      View Details
    • $13 SF/Yr
      3,117 SF

      Retail Space in Creekside Plaza

      Retail space available in a mixed-use development.
      81 Mill St, Gahanna, OH 43215
      View Details
    • Contact for pricing
      315,000 SF

      High Street Retail Gem

      Columbus, Ohio: Prime Retail Space
      250 High St, Columbus, OH 43215
      View Details
    • $19 SF/Yr
      9,400 SF

      Broad Street Creative Office Space

      Columbus, OH Creative Office Suites Available
      415 Broad St, Columbus, OH 43215
      View Details
    • $26 SF/Yr
      12,220 SF

      High Street Retail Opportunity

      Columbus, OH: Prime Short North Retail Space
      691 High St, Columbus, OH 43215
      View Details
    • Contact for pricing
      4,074 SF

      Short North Restaurant Space Available

      Fully built-out restaurant space in the heart of Short North.
      680-698 N High St, Columbus, OH 43215
      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.
    804 Grandview Ave, Unit 828
    Columbus, OH 43215-1124
    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.