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Property profile & analytics
OFF-MARKET
Estimated value
$1,225,000
Flex space
1120 Claycraft Rd Gahanna, OH 43230-6640
Entity Owned
Absentee Owner
~
Est. High Equity
Property ID
US66-1550943
Property profile
Verified
Property type
Flex space
Use group
LIGHT INDUSTRIAL
Year built
1917
Construction
WOOD
Total area
14,799 SF
Lot
4.93 ac (214,881 SF)
Zoning code
1170
APN
025-003949
UPID
US66-1550943
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
-
X F Electrical Contractors Electrical Service General Contractor
-
Always Clean-in Hardware & Home Improvement
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.36M
Blend (final)
Blend
$1.23M
Owner & transaction history
Xf Real Estate LLC
Xf Real Estate LLC
since 2025
5 recorded transactions
Zoning & alternative use
1170 · Gahanna, OH
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$2.0M
+64.1%
Office building
$2.0M
+63.8%
Neighborhood: shopping center
$1.6M
+31.3%
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 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
INDUSTRIAL (GENERAL)
$1,220,000
Current use
MEDICAL BUILDING
$2,000,000
Change: +64% · Conversion: Difficult
OFFICE BUILDING
$1,995,000
Change: +64% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$1,600,000
Change: +31% · Conversion: Difficult
RETAIL STORES
$1,590,000
Change: +30% · Conversion: Moderate
Blend value · Realmo final
$1.23M
Range $1.10M – $1.35M · ±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
$83 / 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
$31,653
Tax year 2023
Assessed value
$381,610
Assessed 2023
Previous assessed
$253,580
+50.5% YoY
Effective rate
8.29%
On assessed value
Assessed land
$190,790
Assessed improvement
$190,820
Land market value
$545,100
Improvement market value
$545,200
Total market value
$1,090,300
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
Flex space
Use group
LIGHT INDUSTRIAL
Status
Off-Market
Year built
1917
Construction
WOOD
Heating
YES
Cooling
CENTRAL
Buildings
2
Stories
1
Total area
14,799 SF
Lot
4.93 ac (214,881 SF)
Zoning code
1170
APN
025-003949
UPID
US66-1550943
Jurisdiction
FRANKLIN
Zoning & alternative use
1170 · Gahanna, OH
Zoning 1170 · permitted uses
1170 · 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
INDUSTRIAL (GENERAL) Current
Est. value
$1.2M
MEDICAL BUILDING
Est. value
$2.0M
OFFICE BUILDING
Est. value
$2.0M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$1.6M
RETAIL STORES
Est. value
$1.6M
INDUSTRIAL (GENERAL) Current
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
1917
Construction
WOOD
Heating
YES
Cooling
Yes
Stories
1
Buildings
2
Lot
4.93 ac
Current owner
From public records · entity-resolved
Xf Real Estate LLC
Entity
Mailing address
120 CLAYCRAFT RD, GAHANNA, OH 43230
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 8, 2025
—
Xf Real Estate LLC
The William R Patrick Family Trust
Deed
—
Dec 6, 2024
—
William R Patrick II
Estate Of William R Patrick
Deed
—
—
—
William R Patrick
—
Deed Of Trust
related
$247,000 · Columbus Countrywide Dev Corp
—
—
William R Patrick
—
Deed Of Trust
related
$500,000 · Bank One NA
—
—
William R Patrick
—
Deed Of Trust
related
$400,000 · Bank One 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.
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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