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Property profile & analytics
OFF-MARKET
Estimated value
$1,725,000
Medical Office Space
550 Cleveland Ave Westerville, OH 43081-8958
Entity Owned
8-yr Hold
~
Est. High Equity
Property ID
US66-0112381
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
1982
Construction
WOOD
Total area
12,289 SF
Lot
0.97 ac (42,123 SF)
APN
080-008436
UPID
US66-0112381
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Clinica Medica Popular Medical Clinic
-
Columbus Haitian center international community services Community Center
-
Yana Transportation Freight Service Logistics Company
-
Snack Bar Convenience Store Grocery & Convenience Store
-
Westerville Family Medicine Medical Clinic
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$1.87M
Comparable Approach
Comparable
$1.83M
Blend (final)
Blend
$1.73M
Owner & transaction history
S & H Professional Offices LLC · 8 yrs held
S & H Professional Offices LLC
since 2017
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Westerville submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Westerville submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$2,025,000
6.5%
$1,870,000
7%
$1,740,000
Alternative Use
Use
Estimation
MEDICAL BUILDING
$2,120,000
Current use
AUTO REPAIR, GARAGE
$2,025,000
Change: -4% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$2,015,000
Change: -5% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$1,780,000
Change: -16% · Conversion: Moderate
Blend value · Realmo final
$1.73M
Range $1.55M – $1.90M · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$140 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$35,394
Tax year 2023
Assessed value
$430,860
Assessed 2023
Previous assessed
$348,710
+23.6% YoY
Effective rate
8.21%
On assessed value
Assessed land
$176,930
Assessed improvement
$253,930
Land market value
$505,500
Improvement market value
$725,500
Total market value
$1,231,000
Applied tax rate
80.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Status
Off-Market
Year built
1982
Construction
WOOD
Heating
YES
Cooling
CENTRAL
Buildings
1
Stories
2
Total area
12,289 SF
Lot
0.97 ac (42,123 SF)
APN
080-008436
UPID
US66-0112381
Jurisdiction
FRANKLIN
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
MEDICAL BUILDING Current
Est. value
$2.1M
AUTO REPAIR, GARAGE
Est. value
$2.0M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$2.0M
APARTMENT HOUSE (5+ UNITS)
Est. value
$1.8M
MEDICAL BUILDING Current
AUTO REPAIR, GARAGE
NEIGHBORHOOD: SHOPPING CENTER
APARTMENT HOUSE (5+ UNITS)
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1982
Construction
WOOD
Heating
YES
Cooling
Yes
Stories
2
Buildings
1
Lot
0.97 ac
Current owner
From public records · entity-resolved
S & H Professional Offices LLC
Entity
Mailing address
550 CLEVELAND AVE, COLUMBUS, OH 43215
Ownership since
2017
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 24, 2021
—
S & H Professional Offices LLC
—
Deed
related
$170,000 · Robert B Schuda Etal
Oct 18, 2017
$925,000
S & H Professional Offices LLC
Cleve Co Properties Ltd
Warranty Deed
$410,000 · Schuda Robert B & Marian K
Jul 22, 2005
$1,193,000
Cleve-co Properties Ltd
Warm Properties LLC
Warranty Deed
$818,000 · Perpetual Fsb
Jul 28, 1998
—
Holzer-wollam Northeast Ptshp
Holzer,max W
Quit Claim Deed
related
—
Jul 28, 1998
$1,040,000
Warm Properties LLC
Holzer-wollam Northeast Ptshp
Trustees Deed
$200,000 · Seller
—
—
Cleve-co Properties Ltd
—
Deed Of Trust
related
$410,000 · Robert B & Marian K Schuda
—
—
Warm Properties LLC
—
Deed Of Trust
related
$855,000 · Sky Bank
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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