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    Taylor Rd Reynoldsburg, OH 43068
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    Property profile & analytics

    Taylor Rd Reynoldsburg, OH 43068

    View on Map
    • Apartment buildings
    • 4,096 SF
    • 4.21 lot acres
    Off-Market
    Property ID
    US66-4306710
    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.
    Value Estimations
    $545,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Apartment buildings

    Property Details for Taylor Rd

    Year built
    2001
    Lot size
    4.21 lot acres
    Property size
    4,096 SF
    Property type
    Apartment buildings
    APN
    013-027342-00.002
    APU
    1302734200002

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $625,000
      6.5%
      $575,000
      7%
      $535,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $510,000
      Market price range: $186k - $510k

    • Alternative Use

      Use
      Estimation
      APARTMENT HOUSE (5+ UNITS)
      $330,000
      Current use
      OFFICE BUILDING
      $570,000
      Change: +72% Conversion: Moderate
      MEDICAL BUILDING
      $375,000
      Change: +14% Conversion: Moderate
      AUTO REPAIR, GARAGE
      $355,000
      Change: +7% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Reynoldsburg
    County
    Licking
    State
    Ohio
    Longitude
    -82.7805
    Latitude
    39.94
    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
    $78,653
    $221,030
    $1,202,360
    $1,423,390
    -
    $631,500
    $3,435,300
    $4,066,800

    Comparable in this City

    • Value Estimation by Request
      3,420 SF

      9366 Taylor SW Rd

      APARTMENT HOUSE (5+ UNITS) • 3,420 SF
      9366 Taylor SW Rd, Reynoldsburg, OH 43068-9647
      View Details
    • Value Estimation by Request

      6412-6414 Birchview Dr

      Multifamily properties
      6412-6414 Birchview Dr, Reynoldsburg, OH 43068
      View Details
    • Value Estimation
      $1,005,000
      7,552 SF

      Taylor SW Rd

      APARTMENT HOUSE (5+ UNITS) • 7,552 SF
      Taylor SW Rd, Reynoldsburg, OH 43068
      View Details
    • Value Estimation
      $1,205,000
      14,592 SF

      14535 Broad St

      APARTMENT HOUSE (5+ UNITS) • 14,592 SF
      14535 Broad St, Pataskala, OH 43068-9613
      View Details
    • Value Estimation by Request

      6343-6345 Birchview Dr

      Multifamily properties
      6343-6345 Birchview Dr, Reynoldsburg, OH 43068
      View Details
    • Value Estimation by Request

      2150-2152 Baldwin Rd

      Multifamily properties
      2150-2152 Baldwin Rd, Reynoldsburg, OH 43068
      View Details

    Similar Nearby for Sale

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      1.93 Acres

      Reynoldsburg Land Development Opportunity

      Mixed-use land suitable for multifamily and commercial development in Reynoldsburg.
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      View Details
    • Contact for pricing
      4,028 SF

      Main Street Retail/Warehouse Opportunity

      Spacious building in downtown Reynoldsburg with retail and warehouse space.
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    • $1,695,000
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      Historic Restaurant Opportunity

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    • $149,900
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      Prime Reynoldsburg Farm Land

      0.86-acre farm, buildable, $149,900
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      5,000 SF

      East Columbus Multi-Use Commercial Building

      Two-story, 4,960 SF building suitable for office or religious use.
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      Corner Pad for Ground Lease

      0.75-acre commercial corner pad in a high-traffic area.
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    Similar Nearby for Lease

    • Contact for pricing
      3,678 SF

      Freestanding Restaurant with Drive-Thru

      3,679 SF restaurant with drive-thru in Reynoldsburg, OH.
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      View Details
    • Contact for pricing
      1,950 SF

      Industrial Building on US 40

      Multi-tenant industrial building near I-270 available for rent.
      7492-7508 E Main St, Reynoldsburg, OH 43068
      View Details
    • $1,650 /Mo
      1,270 SF

      Etna Office Space Available

      Office space for rent in Etna, Ohio.
      14194 National Rd SW, Etna, OH 43068
      View Details
    • Contact for pricing

      Reynoldsburg Retail Space For Lease

      Retail spaces available in a busy Reynoldsburg shopping center.
      2640 Brice Rd, Reynoldsburg, OH 43068
      View Details
    • Contact for pricing

      Redevelopment Opportunity Near Main Street

      Former car wash on 0.6382 acres, ready for redevelopment.
      1375 Hentz Dr, Reynoldsburg, OH 43068
      View Details
    • Contact for pricing
      5,850 SF

      Industrial Building on US 40

      Multi-tenant industrial building near I-270 available for rent.
      7482-7488 E Main St, Reynoldsburg, OH 43068
      View Details
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    Taylor Rd
    Reynoldsburg, OH 43068
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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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    Taylor Rd, Reynoldsburg, OH, 43068
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