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

    970 Dearborn Dr Columbus, OH 43085-1505

    • Warehouses
    • 20,960 SF
    • 2.04 lot acres
    OFF-MARKET
    Last Sale
    Oct 18, 2023
    Value Estimations
    $600,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US66-2575087
    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

    • Star Crane & Hoist Services - Central Ohio / Industrial Equipment Supplier / Material Handling Equipment Supplier
    • B3 Event Management LLC / Flower Designer / Event Planner

    Property Details for 970 Dearborn Dr

    Year built
    1972
    Lot size
    2.04 lot acres
    Property size
    20,960 SF
    Property type
    Warehouses
    APN
    610-111867
    APU
    610111867

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $640,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $559,000
      Market price range: $404k - $1.41M

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

    Location Insight

    • Map
    • Local Demand
    City
    Columbus
    County
    Franklin
    State
    Ohio
    Longitude
    -82.9907
    Latitude
    40.1143
    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
    $35,380
    $173,990
    $312,060
    $486,050
    -
    $497,100
    $891,600
    $1,388,700

    Comparable in this City

    • Value Estimation
      $575,000
      107,400 SF

      Dearborn Park Ln

      WAREHOUSE, STORAGE • 107,400 SF
      Dearborn Park Ln, Columbus, OH 43085
      View Details
    • Value Estimation
      $440,000
      7,200 SF

      6370 Proprietors Rd

      WAREHOUSE, STORAGE • 7,200 SF
      6370 Proprietors Rd, Worthington, OH 43085-7214
      View Details
    • Value Estimation
      $535,000
      20,401 SF

      7042-7048 Worth Galena Rd

      WAREHOUSE, STORAGE • 20,401 SF
      7042-7048 Worth Galena Rd, Worthington, OH 43085
      View Details
    • Value Estimation
      $935,000
      49,131 SF

      7465 Worthington Galena Rd

      WAREHOUSE, STORAGE • 49,131 SF
      7465 Worthington Galena Rd, Worthington, OH 43085-6714
      View Details
    • Value Estimation
      $395,000
      10,553 SF

      6969 Worthington Galena Rd

      WAREHOUSE, STORAGE • 10,553 SF
      6969 Worthington Galena Rd, Worthington, OH 43085-2322
      View Details
    • Value Estimation
      $9,175,000
      119,088 SF

      771 Dearborn Park Ln, Unit 777

      WAREHOUSE, STORAGE • 119,088 SF
      771 Dearborn Park Ln, Columbus, OH 43085-5720
      View Details

    Similar Nearby for Sale

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      107,450 SF

      Columbus Warehouse with Office Space

      17,500 SF warehouse with existing office space available soon.
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      Columbus Office Space For Sale

      Office space available for purchase in Columbus, Ohio.
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    Similar Nearby for Lease

    • $9 SF/Yr
      15,700 SF

      Columbus Warehouse with Versatile Loading

      Well-maintained warehouse near I-270 and I-71 with multiple loading options.
      7465 Worthington Galena Rd, Columbus, OH 43085
      View Details
    • Contact for pricing
      10,000 SF

      Warehouse with Office and HVAC

      10,000 SF warehouse with office space for rent.
      1050 Dearborn Dr, Columbus, OH 43085
      View Details
    • $8 SF/Yr
      17,500 SF

      Columbus Warehouse with Office Space

      17,500 SF warehouse with office space available for lease.
      710-760 Dearborn Park Ln, Columbus, OH 43085
      View Details
    • $10 SF/Yr
      5,210 SF

      Lakeview Tech Center Office/Warehouse Space

      Office and warehouse space with highway visibility and convenient access.
      600 Lakeview Plaza Blvd, Columbus, OH 43085
      View Details
    • Contact for pricing
      6,150 SF

      Industrial Warehouse with Drive-In Doors

      6,150 SF warehouse featuring drive-in doors and ample parking.
      690 Lakeview Plaza Blvd, Columbus, OH 43085
      View Details
    • $12 SF/Yr
      16,000 SF

      Columbus Flex/Industrial Space Available

      16,000 SF flex/industrial space for lease in Columbus, OH.
      655 Dearborn Park Ln, Columbus, OH 43085
      View Details
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    970 Dearborn Dr
    Columbus, OH 43085-1505
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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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