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    Property profile & analytics

    Olentangy Riv Rd Columbus, OH 43235

    • Strip malls
    • 41,081 SF
    • 3.73 lot acres
    OFF-MARKET
    Last Sale
    Jul 06, 2025
    $7,300,000
    Value Estimations
    $6,775,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US66-2681716
    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

    • Strip malls

    Property Details for Olentangy Riv Rd

    Year built
    1973
    Lot size
    3.73 lot acres
    Property size
    41,081 SF
    Property type
    Strip malls
    Property subtype
    Shopping centers
    APN
    250-006938
    APU
    250006938

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $7,385,000
      6.5%
      $6,820,000
      7%
      $6,330,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $5,691,000
      Market price range: $1.70M - $9.11M

    • Alternative Use

      Use
      Estimation
      NEIGHBORHOOD: SHOPPING CENTER
      $4,440,000
      Current use
      RESTAURANT
      $9,370,000
      Change: +111% Conversion: Difficult
      OFFICE BUILDING
      $7,730,000
      Change: +74% Conversion: Moderate
      AUTO REPAIR, GARAGE
      $6,515,000
      Change: +47% Conversion: Difficult
      APARTMENT HOUSE (5+ UNITS)
      $5,955,000
      Change: +34% Conversion: Difficult
      MEDICAL BUILDING
      $5,545,000
      Change: +25% Conversion: Difficult
      RETAIL STORES
      $4,410,000
      Change: -1% Conversion: Easy

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

    Location Insight

    • Map
    • Local Demand
    City
    Columbus
    County
    Franklin
    State
    Ohio
    Longitude
    -83.0354
    Latitude
    40.125
    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
    $236,612
    $338,840
    $1,496,930
    $1,835,770
    -
    $968,100
    $4,276,900
    $5,245,000

    Comparable in this City

    • Value Estimation
      $1,550,000
      13,000 SF

      3502 Dublin Granville Rd, Unit 3512

      SHOPPING CENTER, STRIP CENTER • 13,000 SF
      3502 Dublin Granville Rd, Columbus, OH 43235-2799
      View Details
    • Value Estimation
      $2,680,000
      29,550 SF

      7400 Sawmill Rd, Unit 7444

      SHOPPING CENTER, STRIP CENTER • 29,550 SF
      7400 Sawmill Rd, Columbus, OH 43235-4559
      View Details
    • Value Estimation
      $7,960,000
      69,912 SF

      2002 Crown Plz Dr, Unit 2070

      SHOPPING CENTER, STRIP CENTER • 69,912 SF
      2002 Crown Plz Dr, Columbus, OH 43235-7310
      View Details
    • Value Estimation
      $2,930,000
      35,096 SF

      7370 Sawmill Rd

      SHOPPING CENTER, STRIP CENTER • 35,096 SF
      7370 Sawmill Rd, Columbus, OH 43235-1889
      View Details
    • Value Estimation
      $840,000
      9,000 SF

      5215 Godown Rd, Unit 5227

      SHOPPING CENTER, STRIP CENTER • 9,000 SF
      5215 Godown Rd, Columbus, OH 43235-4023
      View Details
    • Value Estimation by Request
      194,691 SF

      2582-2680 Sawmill Place Blvd

      Lifestyle centers • 194,691 SF
      2582-2680 Sawmill Place Blvd, Columbus, OH 43235
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      11,200 SF

      Freestanding Restaurant in Prime Location

      Freestanding restaurant at a busy intersection near major retailers.
      3710 W Dublin Granville Rd, Columbus, OH 43235
      View Details
    • Contact for pricing

      Retail Space in Dublin Corridor

      1,893 SF retail suite available May 1, 2026.
      6600-6700 Sawmill Rd, Columbus, OH 43235
      View Details
    • Contact for pricing

      Restaurant Sale-Leaseback Investment Opportunity

      NNN lease investment with established restaurant tenant and strong performance.
      3000 Hayden Rd, Columbus, OH 43235
      View Details
    • Contact for pricing

      Retail Space in North West Square

      Retail suite in a Fresh Thyme Market-anchored shopping center.
      6600-6700 Sawmill Rd, Columbus, OH 43235
      View Details
    • $1,900,000
      2.60 Acres

      Hayden Crossing Retail Land

      Columbus, OH: Prime Retail Opportunity
      6674 Hayden Run Rd, Columbus, OH 43235
      View Details
    • Contact for pricing
      510 SF

      New Construction NNN Ground Lease

      New construction NNN ground lease in affluent Columbus submarket.
      8380 N High St, Columbus, OH 43235
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      1,500 SF

      Retail Space in Sawmill Plaza

      Retail space available in high-traffic Columbus location.
      2643-2763 Sawmill Place Blvd, Columbus, OH 43235
      View Details
    • Contact for pricing
      194,691 SF

      Sawmill Plaza Retail Space Available

      Columbus Shopping Center: 3,000 SF Available
      2582-2680 Sawmill Place Blvd, Columbus, OH 43235
      View Details
    • Contact for pricing
      2,400 SF

      Retail Space in High-Traffic Center

      Retail space available in a busy shopping center.
      4816-4860 Sawmill Rd, Columbus, OH 43235
      View Details
    • Contact for pricing
      3,612 SF

      Retail Space in Kroger-Anchored Center

      Retail space in a Kroger-anchored shopping center on Bethel Rd.
      2002-2070 Crown Plaza Dr, Columbus, OH 43235
      View Details
    • Contact for pricing
      1,400 SF

      Retail Space in Highbluffs Center

      Retail space with high traffic and excellent visibility.
      8211-8235 N High St, Columbus, OH 43235
      View Details
    • $9 SF/Yr
      23,371 SF

      Columbus Office Space for Lease

      Prime Office & Retail, Columbus, OH
      1 Campus View Blvd, Columbus, OH 43235
      View Details
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    Columbus, OH 43235
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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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