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Financial
Distress signals
Property profile

1351 Parsons Ave Columbus, OH 43206

FOR SALE
Retail space
Property ID
US66-1520040
10,358 SF 0.54 ac lot Built 1935
Last sale Sep 2019 · $461,600
Entity Owned Owner of record is a legal entity (LLC / corporation). 7-yr Hold Held for 7 years. Free & Clear No active or open recorded mortgage detected.
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Property summary

AI-generated overview

This exceptional mixed-use property, located at 1351 S Parsons Avenue in Columbus, Ohio, presents a unique investment opportunity. The 9,660 square foot building, formerly a Dollar Tree, sits on a 0.54-acre lot and boasts 34 parking spaces, a significant advantage in this high-traffic area. Built in 1935 and renovated in 1986, the property features a new roof (installed April 2022) and offers flexible space ideal for multiple users. The building is currently vacant and available for sale at…

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. Included with a plan.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with a plan.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — included with a plan.

Property tax · 2023

What does the county charge?
$14k
Tax billed · 2023
Assessed value$193k
Assessed land$33k
Assessed improvement$160k
Effective rate7.30%

Value estimate

· Oct 2026
$290k
$261k – $319k
Submarket $/SF estimate$757k
NOI build-up
Gross scheduled income$197k
Vacancy & credit loss−$20k
Operating expenses−$67k
NOI · 8.87% cap applied$111k

Realmo valuation models over county records and 10 qualifying comparable sales.

Recently sold

What actually traded nearby?
$107/SF
Submarket average, outlier-cleaned · 315 recorded sales of this use type
Observed band · Q1–Q3$52 – $173
Qualifying comparables10

Cap rate analysis

How does the asset earn?
8.87%
$111k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

No data for this section
What can be built here?

No zoning code is on file for this parcel. Coverage grows with every catalog release.

JurisdictionFRANKLIN

Location intelligence

Which uses thrive at this corner?
Best fit: Kitchen & Bath
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Kitchen & Bath12.5
Electrical Service12.2
Computer & Electronic Repair12.1

Location

1351 Parsons Ave Columbus, OH 43206
County assessor Recorded deeds · 3 transfers 10 qualifying comp sales Zoning catalog · not on file

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 17 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
782 Whittier, Columbus, OH 43206-2947 $57,000 Oct 2024 7,240 SF
1045 High, Columbus, OH 43206-3410 $645,000 Aug 2022 8,975 SF
500 Whittier, Columbus, OH 43206-8301 $405,000 Feb 2022 4,185 SF
631 3rd, Columbus, OH 43206-1025 $2,075,000 Oct 2021 4,696 SF
632 City Park, Columbus, OH 43206-1004 $2,075,000 Oct 2021 3,726 SF
865 Parsons, Columbus, OH 43206-2347 $711,600 May 2021 8,806 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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