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    Property profile & analytics

    972 Harmon Ave Columbus, OH 43223-2414

    • Warehouses
    • 6,430 SF
    • 0.79 lot acres
    OFF-MARKET
    Last Sale
    Apr 01, 2022
    Value Estimations
    $310,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US66-1430987
    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

    • H K Phillips Restoration / Masonry Contractor

    Property Details for 972 Harmon Ave

    Year built
    1996
    Construction
    WOOD
    Lot size
    0.79 lot acres
    Property size
    6,430 SF
    Zone code
    972
    Property type
    Warehouses
    Property subtype
    Self storage facilities
    APN
    010-005632
    APU
    10005632

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $310,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $363,000
      Market price range: $185k - $434k

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

    Location Insight

    • Map
    • Local Demand
    City
    Columbus
    County
    Franklin
    State
    Ohio
    Longitude
    -83.0145
    Latitude
    39.9402
    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
    $8,235
    $29,680
    $83,060
    $112,740
    -
    $84,800
    $237,300
    $322,100

    Comparable in this City

    • Value Estimation
      $325,000
      2,450 SF

      1388 Stimmel Rd

      MINI-WAREHOUSE, STORAGE • 2,450 SF
      1388 Stimmel Rd, Columbus, OH 43223-2917
      View Details
    • Value Estimation
      $295,000
      7,280 SF

      1316 Stimmel Rd

      MINI-WAREHOUSE, STORAGE • 7,280 SF
      1316 Stimmel Rd, Columbus, OH 43223-2917
      View Details
    • Value Estimation
      $90,000
      2,288 SF

      1325 Sullivant Ave

      MINI-WAREHOUSE, STORAGE • 2,288 SF
      1325 Sullivant Ave, Columbus, OH 43223-1333
      View Details
    • Value Estimation
      $330,000
      8,172 SF

      742-744 Harmon Ave

      MINI-WAREHOUSE, STORAGE • 8,172 SF
      742-744 Harmon Ave, Columbus, OH 43223
      View Details
    • Value Estimation
      $705,000
      9,000 SF

      1521 Harrisburg Pike

      MINI-WAREHOUSE, STORAGE • 9,000 SF
      1521 Harrisburg Pike, Columbus, OH 43223-3609
      View Details
    • Value Estimation
      $125,000
      0.10 Acres

      Ww Park Ave

      MINI-WAREHOUSE, STORAGE • 0.10 Acres
      Ww Park Ave, Columbus, OH 43223
      View Details

    Similar Nearby for Sale

    • $1,495,000
      18,444 SF

      Jackson Road Warehouse Investment

      18,444 SF Warehouse, 3.25 Acres
      1945 Jackson Rd, Columbus, OH 43223
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    • Contact for pricing
      18,900 SF

      Columbus Cross-Dock With Outdoor Storage

      18,900 SF Columbus cross-dock facility with outdoor storage.
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    • $825,000
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      Warehouse and Office with Storage

      Warehouse and office property featuring fenced outdoor storage.
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    • $1,495,000
      18,444 SF

      Columbus Industrial Warehouse on 3.25 Acres

      18,444 SF industrial warehouse with convenient highway access.
      1945 Jackson Rd, Columbus, OH 43223
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      Office/Warehouse with Secure Outdoor Storage

      5,700 SF office/warehouse on 0.67 acres with fenced lot.
      1005-1025 Stimmel Rd, Columbus, OH 43223
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    • Contact for pricing
      21,588 SF

      Columbus Flex Space For Sale

      Flex space suitable for multiple business types, available now.
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      View Details

    Similar Nearby for Lease

    • $12 SF/Yr
      63,120 SF

      Columbus Industrial Space For Lease

      63,120 SF Manufacturing/Warehouse
      1520 Harmon Ave, Columbus, OH 43223
      View Details
    • $7 SF/Yr
      7,422 SF

      Columbus Commercial Building For Lease

      Free-standing commercial building for lease at $6.50/sqft NNN As Is.
      1082 W Mound St, Columbus, OH 43223
      View Details
    • $17 SF/Yr
      3,600 SF

      Franklinton Retail Space with Parking

      3,600 SF retail space in revitalized Franklinton neighborhood.
      411 South Central Ave, Columbus, OH 43223
      View Details
    • Contact for pricing
      3,500 SF

      Retail Space Near Interstate 70

      Retail space with high visibility and traffic count.
      612-690 Harrisburg Pike, Columbus, OH 43223
      View Details
    • Contact for pricing
      6,000 SF

      Harrisburg Pike Retail Land

      Columbus, OH: Build-to-suit opportunity.
      1466 Harrisburg Pike, Columbus, OH 43223
      View Details
    • Contact for pricing

      Industrial Outdoor Storage Opportunity

      Industrial outdoor storage with small office and truck scale access.
      777 Frank Rd, Columbus, OH 43223
      View Details
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    972 Harmon Ave
    Columbus, OH 43223-2414
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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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