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Property profile & analytics
OFF-MARKET
Estimated value
$895,000
Strip malls
1050 Beecher Xing Ncs Gahanna, OH 43230-4567
Entity Owned
9-yr Hold
~
Est. High Equity
Property ID
US66-1919466
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
2003
Construction
WOOD
Total area
9,711 SF
Lot
1.46 ac (63,815 SF)
APN
025-012679
UPID
US66-1919466
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
-
Low T Center | Columbus Medical Clinic
-
Infinity Custom Jewelers (Bike/Boat/Book/etc) Store
-
Genesis Cosmetic & Laser Surgery Medical Clinic
-
Marios Panayides Physician
-
First Federal Savings Loan Production Office Bank Credit Union
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.00M
Blend (final)
Blend
$895k
Owner & transaction history
1050 Beecher LLC · 9 yrs held
1050 Beecher LLC
since 2017
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Apartment house (5+ units)
$1.4M
+34.1%
Medical building
$1.3M
+24.9%
Office building
$1.3M
+24.7%
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 Gahanna submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Gahanna 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%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$1,050,000
Current use
APARTMENT HOUSE (5+ UNITS)
$1,410,000
Change: +34% · Conversion: Difficult
MEDICAL BUILDING
$1,310,000
Change: +25% · Conversion: Difficult
OFFICE BUILDING
$1,310,000
Change: +25% · Conversion: Moderate
RETAIL STORES
$1,040,000
Change: -1% · Conversion: Easy
COMMERCIAL (GENERAL)
$945,000
Change: -10% · Conversion: Easy
Blend value · Realmo final
$895k
Range $806k – $985k · ±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
$92 / 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
$46,590
Tax year 2023
Assessed value
$561,690
Assessed 2023
Previous assessed
$560,010
+0.3% YoY
Effective rate
8.29%
On assessed value
Assessed land
$178,680
Assessed improvement
$383,010
Land market value
$510,500
Improvement market value
$1,094,300
Total market value
$1,604,800
Applied tax rate
25.0000
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
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
Off-Market
Year built
2003
Construction
WOOD
Heating
YES
Cooling
CENTRAL
Buildings
1
Stories
1
Total area
9,711 SF
Lot
1.46 ac (63,815 SF)
APN
025-012679
UPID
US66-1919466
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
NEIGHBORHOOD: SHOPPING CENTER Current
Est. value
$1.1M
APARTMENT HOUSE (5+ UNITS)
Est. value
$1.4M
MEDICAL BUILDING
Est. value
$1.3M
OFFICE BUILDING
Est. value
$1.3M
RETAIL STORES
Est. value
$1.0M
COMMERCIAL (GENERAL)
Est. value
$945,000
NEIGHBORHOOD: SHOPPING CENTER Current
APARTMENT HOUSE (5+ UNITS)
MEDICAL BUILDING
OFFICE BUILDING
RETAIL STORES
COMMERCIAL (GENERAL)
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
2003
Construction
WOOD
Heating
YES
Cooling
Yes
Stories
1
Buildings
1
Lot
1.46 ac
Current owner
From public records · entity-resolved
1050 Beecher LLC
Entity
Mailing address
30 W ORANGE HL CIR, CHAGRIN FALLS, OH 44022-2175
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
Jun 30, 2017
—
1050 Beecher LLC
Northland 3 LLC
Warranty Deed
$1,712,000 · First City Bank
Mar 4, 2013
—
Northland 3 LLC
—
Deed Of Trust
related
$2,780,000 · Us Bank NA
Sep 30, 2009
$1,600,000
Northland 3 LLC
1050 Beecher Crossing LLC
Warranty Deed
$1,182,000 · Us Bank NA
Apr 4, 2005
$1,685,000
1050 Beecher Crossing LLC
Canini & Pellecchia INC
Warranty Deed
$1,432,250 · Fairfield Fsla
Dec 20, 2004
—
Canini & Pellecchia INC
—
Deed Of Trust
related
$2,000,000 · Key Bank & Trust
Nov 30, 2004
—
Canini & Pellecchia INC
—
Deed Of Trust
related
$2,000,000 · Key Bank & Trust
—
—
Northland 3 LLC
—
Loan Modification
related
$2,780,000 · Us Bank NA
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.
Try Rey
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