Your AI Navigator in Commercial Real Estate
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
    Property profile & analytics

    867 22Nd St Columbus, OH 43206

    • Commercial real estate
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US66-1646977
    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

    • Commercial real estate

    Property Details for 867 22Nd St

    Property type
    Commercial real estate

    Description

    This exceptional 4,356 square foot residential lot, located at 867 S 22nd Street in Columbus, Ohio, presents a unique opportunity for discerning buyers. Situated in the highly sought-after Southern Orchards neighborhood, this property offers unparalleled convenience and access to some of Columbus's most vibrant districts. Imagine living within walking distance of Children's Hospital, the charming streets of German Village, and the historic Olde Towne East, all while being approximately one mile from the bustling Downtown area, the sophisticated Bexley neighborhood, and the trendy Short North Arts District. The asking price for this prime piece of land is $72,000. The lot's size provides ample space for the construction of a substantial single-family residence, making it an ideal investment for both experienced builders and those looking to create their dream home in a coveted location. The property's address is verified as 867 S 22nd Street, Columbus, Franklin County, Ohio, 43206. This location offers a blend of urban convenience and residential tranquility, making it a truly exceptional opportunity in the Columbus real estate market. The property is zoned for residential use. Don't miss this chance to build your future in one of Columbus's most desirable neighborhoods.

    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
    -82.9732891
    Latitude
    39.9471315

    Comparable in this City

    • $47,000

      Columbus Duplex/Triplex Opportunity

      Prime Columbus location, great investment.
      894 Berkeley Rd, Columbus, OH 43206
      View Details
    • $2,000,000

      Brewery District Development Portfolio

      Five parcels in the Brewery District for development or redevelopment.
      776-778 Bank St, Columbus, OH 43206
      View Details
    • New
      $699,900
      0.10 Acres

      Merion Village Duplex Near Schiller

      Columbus duplex near Thurman Cafe and Schiller Park.
      154-156 E Gates St, Columbus, OH 43206
      View Details
    • $275,000
      0.09 Acres

      Columbus Duplex: Income Property

      Fully occupied Columbus duplex, ideal for immediate income and portfolio growth.
      1226-1228 Gilbert St, Columbus, OH 43206
      View Details
    • $1,500,000

      464 South Ln

      Multifamily properties
      464 South Ln, Columbus, OH 43206
      View Details
    • $997,997

      German Village Apartment Building

      Columbus, OH Multifamily Investment Opportunity
      601 City Park Ave, Columbus, OH 43206
      View Details

    Similar Nearby for Sale

    • $47,000

      Columbus Duplex/Triplex Opportunity

      Prime Columbus location, great investment.
      894 Berkeley Rd, Columbus, OH 43206
      View Details
    • $2,000,000

      Brewery District Development Portfolio

      Five parcels in the Brewery District for development or redevelopment.
      776-778 Bank St, Columbus, OH 43206
      View Details
    • New
      $699,900
      0.10 Acres

      Merion Village Duplex Near Schiller

      Columbus duplex near Thurman Cafe and Schiller Park.
      154-156 E Gates St, Columbus, OH 43206
      View Details
    • $1,500,000

      464 South Ln

      Multifamily properties
      464 South Ln, Columbus, OH 43206
      View Details
    • $997,997

      German Village Apartment Building

      Columbus, OH Multifamily Investment Opportunity
      601 City Park Ave, Columbus, OH 43206
      View Details
    • $570,000

      German Village Duplex Investment

      Historic Charm, Prime Location, Two Units
      94 Nursery Ln, Columbus, OH 43206
      View Details

    Similar Nearby for Lease

    • $1,175 /Mo

      Spacious Duplex Near German Village

      Three-bedroom duplex with updated features, close to amenities.
      575 E Kossuth St, Columbus, OH 43206
      View Details
    • $23 SF/Yr
      447,359 SF

      High Street Executive Office Space

      Columbus CBD Office Suites Available
      671 High St, Columbus, OH 43206
      View Details
    • $32 SF/Yr
      1,200 SF

      Retail Space Near Ohio State

      1,200 SF retail space in University District.
      1529 North High St, Columbus, OH 43206
      View Details
    • Contact for pricing
      7,807 SF

      Columbus Retail Investment Opportunity

      7,807 SF Family Dollar, High Traffic Area
      865 Parsons Ave, Columbus, OH 43206
      View Details
    • $21 SF/Yr
      13,086 SF

      The Jack: German Village Office Space

      Award-winning Creative Office, 4,423 SF Available
      982 Front St, Columbus, OH 43206
      View Details
    • $35 SF/Yr
      8,250 SF

      German Village Retail Opportunity

      Prime Columbus Retail Space Available
      280 Whittier St, Columbus, OH 43206
      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.
    867 22Nd St
    Columbus, OH 43206
    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.