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

    851 30th St Heath, OH 43056-1207

    • Outlet malls
    • 40,010 SF
    • 3.41 lot acres
    OFF-MARKET
    Value Estimations
    $1,715,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US66-1509173
    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

    • Outlet malls

    Property Details for 851 30th St

    Year built
    1997
    Lot size
    3.41 lot acres
    Property size
    40,010 SF
    Property type
    Outlet malls
    APN
    030-088608-00.000
    APU
    3008860800000

    Description

    This exceptional 40,000 square foot retail space is available for lease at 851 S. 30th Street in Heath, Ohio, within Licking County. The property is a single-tenant building, currently vacant and ready for immediate occupancy. Its expansive size presents a significant opportunity for a variety of retail businesses seeking a prominent location. The building's substantial square footage allows for flexible layout configurations to accommodate diverse operational needs. The address, 851 S. 30th St, offers excellent visibility and accessibility, ensuring high traffic flow and convenient customer access. Located in Heath, Ohio, 43056, the property benefits from the area's established commercial infrastructure and growing population. This is a rare opportunity to secure a large, well-situated retail space in a thriving Ohio market. The property is classified as Commercial Retail and is a single-tenant building. The entire 40,000 square feet is currently vacant, providing a blank canvas for a new tenant to customize the space to their specific requirements. This presents a unique chance to establish a significant retail presence in a desirable location. The property's size and location make it ideal for a variety of retail concepts, offering substantial potential for growth and success. Interested parties are encouraged to inquire for further details and leasing information.

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $1,676,000
      Market price range: $740k - $2.36M

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

    Location Insight

    • Map
    • Local Demand
    City
    Heath
    County
    Licking
    State
    Ohio
    Longitude
    -82.4447
    Latitude
    40.0297
    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
    $111,549
    $348,600
    $1,072,860
    $1,421,460
    -
    $996,000
    $3,065,300
    $4,061,300

    Comparable in this City

    • Value Estimation
      $1,090,000
      44,270 SF

      725 Hebron Rd

      WHOLESALE OUTLET, DISCOUNT STORE • 44,270 SF
      725 Hebron Rd, Heath, OH 43056-1351
      View Details
    • Value Estimation
      $775,000
      24,240 SF

      2035 Hebron Rd

      WHOLESALE OUTLET, DISCOUNT STORE • 24,240 SF
      2035 Hebron Rd, Heath, OH 43056-1034
      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
      $1,735,000
      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
      $3,460,000
      30,408 SF

      901 Hebron Rd

      WHOLESALE OUTLET, DISCOUNT STORE • 30,408 SF
      901 Hebron Rd, Heath, OH 43056-1182
      View Details

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    Similar Nearby for Lease

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    • $8 SF/Yr
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      View Details
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    Heath, OH 43056-1207
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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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