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Property profile & analytics
OFF-MARKET
Estimated value
$850,000
Office buildings
106 Short St, Gahanna, OH 43230-3089
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US66-1894566
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1889
Construction
WOOD
Total area
8,138 SF
Lot
0.61 ac (26,572 SF)
APN
025-000681
UPID
US66-1894566
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
-
FrameWork Film Production Television Studio
-
The 5 Stones Group Film Production Television Studio
-
Michael R. Moran Co., L.P.A. Law Firm
-
Diana Howell Insurance Agency
-
Howell & Howell Agency Insurance Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$900k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$892k
Blend (final)
Blend
$850k
Owner & transaction history
22 Schoolhouse LLC · 4 yrs held
22 Schoolhouse LLC
since 2021
Last sale
$770,000
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$1.3M
+17.6%
Apartment house (5+ units)
$1.2M
+7.5%
Medical building
$1.1M
+0.2%
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
$915,000
ML approach
$900,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$1,095,000
Current use
AUTO REPAIR, GARAGE
$1,290,000
Change: +18% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$1,180,000
Change: +8% · Conversion: Easy
MEDICAL BUILDING
$1,100,000
Change: +0% · Conversion: Easy
NEIGHBORHOOD: SHOPPING CENTER
$880,000
Change: -20% · Conversion: Difficult
Blend value · Realmo final
$850k
Range $765k – $935k · ±10% · vs last sale $770k (Aug 10 2021)
Last sale anchor
$770k
Aug 10 2021
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
$104 / 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
$22,595
Tax year 2023
Assessed value
$272,410
Assessed 2023
Previous assessed
$269,500
+1.1% YoY
Effective rate
8.29%
On assessed value
Assessed land
$83,830
Assessed improvement
$188,580
Land market value
$239,500
Improvement market value
$538,800
Total market value
$778,300
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1889
Construction
WOOD
Heating
YES
Cooling
NONE
Buildings
1
Stories
3
Total area
8,138 SF
Lot
0.61 ac (26,572 SF)
APN
025-000681
UPID
US66-1894566
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
OFFICE BUILDING Current
Est. value
$1.1M
AUTO REPAIR, GARAGE
Est. value
$1.3M
APARTMENT HOUSE (5+ UNITS)
Est. value
$1.2M
MEDICAL BUILDING
Est. value
$1.1M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$880,000
OFFICE BUILDING Current
AUTO REPAIR, GARAGE
APARTMENT HOUSE (5+ UNITS)
MEDICAL BUILDING
NEIGHBORHOOD: SHOPPING CENTER
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
1889
Construction
WOOD
Heating
YES
Cooling
Yes
Stories
3
Buildings
1
Lot
0.61 ac
Current owner
From public records · entity-resolved
22 Schoolhouse LLC
Entity
Mailing address
106 SHORT ST, COLUMBUS, OH 43230-3089
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 8, 2021
—
22 Schoolhouse LLC
Michael Wesley Redd
Correction Deed
related
$500,500 · Cme FCU
Aug 10, 2021
—
22schoolhouse LLC
Michael Wesley Redd
Quit Claim Deed
related
—
May 19, 2021
$770,000
Michael Wesley Redd
Olde Gahanna School House LLC
Warranty Deed
—
Dec 17, 2019
—
Olde Gahanna Schoolhouse LLC
—
Deed
related
$531,483 · Cme FCU
Aug 4, 2016
—
Olde Gahanna School House LLC
George E Parker JR
Warranty Deed
$100,000 · Olde Gahanna School House LLC
Mar 6, 2013
—
Parker George E JR Trust
—
Deed Of Trust
related
$1,600,000 · Heartland Bank
—
—
George E Parker JR.
—
Deed Of Trust
related
$118,700 · Heartland Bank
—
—
Parker George E JR Trust
—
Deed Of Trust
related
$176,961 · Heartland 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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