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Property profile & analytics
OFF-MARKET
Estimated value
$670,000
Office buildings
111 Johnstown Rd, Gahanna, OH 43230-3515
Entity Owned
8-yr Hold
~
Est. High Equity
Property ID
US66-1847692
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1994
Construction
WOOD
Total area
4,180 SF
Lot
0.99 ac (43,124 SF)
Zoning code
111
APN
025-000943
UPID
US66-1847692
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
-
Creekside Family Dental Dental Office
-
Edward Herman, DDS Dental Office
-
Solze Susan Dental Office
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$455k
CAP Approach
CAP
$685k
Comparable Approach
Comparable
$598k
Blend (final)
Blend
$670k
Owner & transaction history
W Johnstown Rd LLC · 8 yrs held
W Johnstown Rd LLC
since 2018
7 recorded transactions
Zoning & alternative use
111 · Gahanna, OH
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$665,000
+17.6%
Medical building
$565,000
+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
by Request
ML approach
$455,000
CAP Approach
CAP Return
Estimation
6%
$740,000
6.5%
$685,000
7%
$635,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$565,000
Current use
AUTO REPAIR, GARAGE
$665,000
Change: +18% · Conversion: Difficult
MEDICAL BUILDING
$565,000
Change: +0% · Conversion: Easy
NEIGHBORHOOD: SHOPPING CENTER
$450,000
Change: -20% · Conversion: Difficult
Blend value · Realmo final
$670k
Range $603k – $737k · ±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
$160 / 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
$28,683
Tax year 2023
Assessed value
$345,810
Assessed 2023
Previous assessed
$255,400
+35.4% YoY
Effective rate
8.29%
On assessed value
Assessed land
$36,650
Assessed improvement
$309,160
Land market value
$104,700
Improvement market value
$883,300
Total market value
$988,000
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
1994
Construction
WOOD
Heating
YES
Cooling
CENTRAL
Buildings
2
Stories
1
Total area
4,180 SF
Lot
0.99 ac (43,124 SF)
Zoning code
111
APN
025-000943
UPID
US66-1847692
Jurisdiction
FRANKLIN
Zoning & alternative use
111 · Gahanna, OH
Zoning 111 · permitted uses
111 · Gahanna, OH
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Gahanna. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$565,000
AUTO REPAIR, GARAGE
Est. value
$665,000
MEDICAL BUILDING
Est. value
$565,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$450,000
OFFICE BUILDING Current
AUTO REPAIR, GARAGE
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
1994
Construction
WOOD
Heating
YES
Cooling
Yes
Stories
1
Buildings
2
Lot
0.99 ac
Current owner
From public records · entity-resolved
W Johnstown Rd LLC
Entity
Mailing address
3497 SMT RD SW, PATASKALA, OH 43062-8878
Ownership since
2018
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
Jan 4, 2018
—
W Johnstown Rd LLC
Dalicandro,valerio & Linda
Warranty Deed
related
—
Mar 30, 2011
—
Valerio Dalicandro
—
Trustees Deed
related
$50,000 · Park National Bank
—
—
Valerio Dalicandro
—
Deed Of Trust
related
$300,000 · Benchmark Bank
—
—
Valerio Dalicandro
—
Deed Of Trust
related
$150,000 · Benchmark Bank
—
—
Valerio Dalicandro
—
Deed Of Trust
related
$600,000 · Park National Bank
—
—
Valerio Dalicandro
—
Deed Of Trust
related
$600,000 · Park National Bank
—
—
Valerio Dalicandro
—
Deed Of Trust
related
$175,000 · Fifth Third Bank Central Ohio
—
—
Valerio Dalicandro
—
Deed Of Trust
related
$600,000 · Park National 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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