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Property profile & analytics
OFF-MARKET
Estimated value
$1,125,000
Medical Office Space
100 State St Westerville, OH 43081-2039
Entity Owned
2-yr Hold
Free & Clear
Property ID
US66-4230463
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Lot
0.04 ac (1,786 SF)
APN
080-002928
UPID
US66-4230463
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
-
Mc Mullen Engineering Co Engineering Consultant Mechanical Engineer
-
Mcmullen Engineering Co Inc: Mcmullen Paul PE Electrical Engineer Engineer
-
Sara Hoam Alternative Medicine Practice Spa & Massage Center
-
Monarch Beauty Spa & Massage Center Skin Care Clinic
-
Soul Studio Beauty and Wellness Spa Spa & Massage Center
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.13M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.13M
Owner & transaction history
Cardinal Properties Of Westerville · 2 yrs held
Cardinal Properties Of Westerville
since 2024
Last sale
$1.1M
4 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
$1,125,000
ML approach
$1,125,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$1.13M
Range $1.01M – $1.24M · ±10% · vs last sale $1.13M (Jan 29 2024)
Last sale anchor
$1.13M
Jan 29 2024
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
—
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
$705
Tax year 2023
Assessed value
$8,580
Assessed 2023
Previous assessed
$7,320
+17.2% YoY
Effective rate
8.22%
On assessed value
Assessed land
$7,700
Assessed improvement
$880
Land market value
$22,000
Improvement market value
$2,500
Total market value
$24,500
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
Heating
GAS
Lot
0.04 ac (1,786 SF)
APN
080-002928
UPID
US66-4230463
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
Building & site characteristics
From public records
Heating
GAS
Lot
0.04 ac
Current owner
From public records · entity-resolved
Cardinal Properties Of Westerville
Entity
Free & Clear · 2 yrs held
Mailing address
33 E SCHROCK RD, WESTERVILLE, OH 43081-2931
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 29, 2024
$1,125,000
Cardinal Properties Of Westerville
Farble LLC
Warranty Deed
—
May 16, 2005
$800,000
Farble LLC
Tulip Investments LLC
Warranty Deed
$720,000 · Jpmorgan Chase Bank NA
Jun 14, 2001
—
John P Hanyak
Westerville Investment Co
Quit Claim Deed
related
—
Jun 14, 2001
$675,000
Tulip Investments LLC
Hanyak,john P
Quit Claim Deed
related
$540,000 · Firstar 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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