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    Property profile & analytics

    923 Main St Columbus, OH 43205-2392

    • Retail residential properties
    • 11,557 SF
    • 0.22 lot acres
    OFF-MARKET
    Value Estimations
    $990,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US66-4567458
    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

    • All About Asphalt LLC / General Contractor / Construction Company
    • Compro Tax / Tax Preparation

    Property Details for 923 Main St

    Year built
    1900
    Construction
    WOOD
    Lot size
    0.22 lot acres
    Property size
    11,557 SF
    Property type
    Retail residential properties
    APN
    010-029689
    APU
    10029689

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $888,000
      Market price range: $378k - $1.84M
      AI Estimate
      $729,000
      Market price range: $378k - $1.51M

    • Alternative Use

      Use
      Estimation
      COMMERCIAL (GENERAL)
      $1,150,000
      Current use
      OFFICE BUILDING
      $1,650,000
      Change: +44% Conversion: Easy
      MEDICAL BUILDING
      $1,560,000
      Change: +36% Conversion: Easy
      NEIGHBORHOOD: SHOPPING CENTER
      $1,250,000
      Change: +9% Conversion: Difficult
      RETAIL STORES
      $1,240,000
      Change: +8% Conversion: Easy

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

    Location Insight

    • Map
    • Local Demand
    City
    Columbus
    County
    Franklin
    State
    Ohio
    Longitude
    -82.9747
    Latitude
    39.9576
    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
    $7,865
    $17,260
    $90,410
    $107,670
    -
    $49,300
    $258,300
    $307,600

    Comparable in this City

    • Value Estimation
      $590,000
      5,360 SF

      1455-1457 Main St

      STORES & APARTMENTS • 5,360 SF
      1455-1457 Main St, Columbus, OH 43205
      View Details
    • Value Estimation by Request
      2,530 SF

      210-212 Miller Ave

      STORES & APARTMENTS • 2,530 SF
      210-212 Miller Ave, Columbus, OH 43205
      View Details
    • Value Estimation
      $545,000
      4,793 SF

      1685 Oak St, Unit 1687

      STORES & APARTMENTS • 4,793 SF
      1685 Oak St, Columbus, OH 43205-2143
      View Details
    • Value Estimation by Request
      8,100 SF

      1060-1062 Main St

      STORES & APARTMENTS • 8,100 SF
      1060-1062 Main St, Columbus, OH 43205
      View Details
    • Value Estimation by Request
      3,008 SF

      1634-1636 Livingston Ave

      STORES & APARTMENTS • 3,008 SF
      1634-1636 Livingston Ave, Columbus, OH 43205
      View Details
    • Value Estimation
      $675,000
      4,560 SF

      1348-1350 Livingston Ave

      STORES & APARTMENTS • 4,560 SF
      1348-1350 Livingston Ave, Columbus, OH 43205
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      8,524 SF

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      Commercial mixed-use building with parking in Olde Towne East.
      1010-1016 E Main St, Columbus, OH 43205
      View Details
    • $365,000
      5,810 SF

      Prime Olde Towne East Mixed-Use

      Columbus Investment Opportunity: High-Yield Potential
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      Prime Columbus Mixed-Use Investment

      Four-Unit Building Near Nationwide Children's
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      Columbus Church Conversion Opportunity

      Historic building, huge potential, needs renovation.
      36 Garfield Ave, Columbus, OH 43205
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    • $369,900
      3,132 SF

      Redevelopment Opportunity Near Downtown Columbus

      Mixed-use commercial building with vacant lots near Nationwide Children's Hospital.
      1068-1072 E Livingston Ave, Columbus, OH 43205
      View Details
    • Contact for pricing

      New Townhome in Olde Towne

      Zero-maintenance townhome in Olde Towne East, short-term rentals allowed.
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    Similar Nearby for Lease

    • $9 SF/Yr
      5,400 SF

      Industrial Space with Fenced Yard

      5,400 SF industrial space featuring fenced exterior yard.
      1978 E Walnut St, Columbus, OH 43205
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    • 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
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    • Contact for pricing

      Warehouse Units Near Downtown Columbus

      Two warehouse units available for lease just outside downtown Columbus.
      Collumbus, 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
      3,504 SF

      Mixed-Use Retail With Renovated Apartment

      Mixed-use property featuring retail space and a renovated apartment.
      1029 E Livingston Ave, Columbus, OH 43205
      View Details
    • Contact for pricing
      2,639 SF

      Retail/Restaurant Space in Olde Towne

      Class A retail/restaurant space in a mixed-use development.
      1117 Oak St, Columbus, OH 43205
      View Details
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    923 Main St
    Columbus, OH 43205-2392
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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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