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Property profile & analytics
OFF-MARKET
Estimated value
$8,165,000
Commercial real estate
1088 Thomas Ln Columbus, OH 43220-5047
Individually Owned
Free & Clear
Property ID
US66-2284082
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
1964
Total area
51,849 SF
Lot
7.5 ac (326,700 SF)
APN
010-103160
UPID
US66-2284082
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
-
St. Timothy Roman Catholic Church Church
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$9.16M
Comparable Approach
Comparable
$9.33M
Blend (final)
Blend
$8.17M
Owner & transaction history
HERRMANN EDWARD J BISHOP
HERRMANN EDWARD J BISHOP
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$11.8M
+134.9%
Auto repair, garage
$8.2M
+63.4%
Apartment house (5+ units)
$7.5M
+49.3%
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 Columbus submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Columbus 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%
$9,915,000
6.5%
$9,155,000
7%
$8,500,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$5,035,000
Current use
RESTAURANT
$11,825,000
Change: +135% · Conversion: Difficult
AUTO REPAIR, GARAGE
$8,220,000
Change: +63% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$7,515,000
Change: +49% · Conversion: Moderate
MEDICAL BUILDING
$7,000,000
Change: +39% · Conversion: Easy
OFFICE BUILDING
$5,985,000
Change: +19% · Conversion: Easy
NEIGHBORHOOD: SHOPPING CENTER
$5,605,000
Change: +11% · Conversion: Difficult
RETAIL STORES
$5,565,000
Change: +11% · Conversion: Easy
Blend value · Realmo final
$8.17M
Range $7.35M – $8.98M · ±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
$157 / 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
$10,920
Tax year 2023
Assessed value
$2,419,490
Assessed 2023
Previous assessed
$1,819,760
+33.0% YoY
Effective rate
0.45%
On assessed value
Assessed land
$437,360
Assessed improvement
$1,982,130
Land market value
$1,249,600
Improvement market value
$5,663,200
Total market value
$6,912,800
Applied tax rate
10.0000
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
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Status
Off-Market
Year built
1964
Heating
YES
Cooling
CENTRAL
Buildings
2
Stories
2
Rooms
9
Bathrooms
6
Total area
51,849 SF
Lot
7.5 ac (326,700 SF)
APN
010-103160
UPID
US66-2284082
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
COMMERCIAL (GENERAL) Current
Est. value
$5.0M
RESTAURANT
Est. value
$11.8M
AUTO REPAIR, GARAGE
Est. value
$8.2M
APARTMENT HOUSE (5+ UNITS)
Est. value
$7.5M
MEDICAL BUILDING
Est. value
$7.0M
OFFICE BUILDING
Est. value
$6.0M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$5.6M
RETAIL STORES
Est. value
$5.6M
COMMERCIAL (GENERAL) Current
RESTAURANT
AUTO REPAIR, GARAGE
APARTMENT HOUSE (5+ UNITS)
MEDICAL BUILDING
OFFICE BUILDING
NEIGHBORHOOD: SHOPPING CENTER
RETAIL STORES
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
1964
Heating
YES
Cooling
Yes
Stories
2
Buildings
2
Rooms
9
Bathrooms
6
Lot
7.5 ac
Current owner
From public records · entity-resolved
HERRMANN EDWARD J BISHOP
Individual
Free & Clear · 0 yrs held
Mailing address
1088 THOMAS LN, COLUMBUS, OH 43220-5047
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
—
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
No recorded transactions
No recorded transactions found for this property.
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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