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Property profile & analytics
OFF-MARKET
Estimated value
$1,725,000
Office buildings
1125 Main St Columbus, OH 43205-1931
Entity Owned
21-yr Hold
Free & Clear
Property ID
US66-2431170
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
2005
Total area
9,526 SF
Lot
0.69 ac (30,274 SF)
Zoning code
398
APN
010-023334
UPID
US66-2431170
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
-
Nationwide Children's Hospital Near East Primary Care Center Medical Clinic
-
Dr. Douglas J. Mclaughlin, MD Pediatrician Medical Clinic
-
Affordable and Gentle Dental Care Dental Office
-
Mary Kay Kuzma Pediatrician Medical Clinic
-
Skyler Kalady Pediatrician Medical Clinic
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$1.81M
Comparable Approach
Comparable
$2.11M
Blend (final)
Blend
$1.73M
Owner & transaction history
Central Ohio Transit Authority · 21 yrs held
Central Ohio Transit Authority
since 2005
4 recorded transactions
Zoning & alternative use
398 · Columbus, OH
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$2.2M
+59.8%
Auto repair, garage
$1.5M
+11.1%
Apartment house (5+ units)
$1.4M
+1.6%
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%
$1,955,000
6.5%
$1,805,000
7%
$1,675,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$1,360,000
Current use
RESTAURANT
$2,170,000
Change: +60% · Conversion: Moderate
AUTO REPAIR, GARAGE
$1,510,000
Change: +11% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$1,380,000
Change: +2% · Conversion: Easy
MEDICAL BUILDING
$1,285,000
Change: -5% · Conversion: Easy
Blend value · Realmo final
$1.73M
Range $1.55M – $1.90M · ±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
$181 / 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
$22,867
Tax year 2023
Assessed value
$508,590
Assessed 2023
Previous assessed
$415,850
+22.3% YoY
Effective rate
4.50%
On assessed value
Assessed land
$66,120
Assessed improvement
$442,470
Land market value
$188,900
Improvement market value
$1,264,200
Total market value
$1,453,100
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
2005
Heating
YES
Cooling
CENTRAL
Buildings
1
Stories
1
Total area
9,526 SF
Lot
0.69 ac (30,274 SF)
Zoning code
398
APN
010-023334
UPID
US66-2431170
Jurisdiction
FRANKLIN
Zoning & alternative use
398 · Columbus, OH
Zoning 398 · permitted uses
398 · Columbus, OH
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Columbus. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$1.4M
RESTAURANT
Est. value
$2.2M
AUTO REPAIR, GARAGE
Est. value
$1.5M
APARTMENT HOUSE (5+ UNITS)
Est. value
$1.4M
MEDICAL BUILDING
Est. value
$1.3M
OFFICE BUILDING Current
RESTAURANT
AUTO REPAIR, GARAGE
APARTMENT HOUSE (5+ UNITS)
MEDICAL BUILDING
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
2005
Heating
YES
Cooling
Yes
Stories
1
Buildings
1
Lot
0.69 ac
Current owner
From public records · entity-resolved
Central Ohio Transit Authority
Entity
Free & Clear · 21 yrs held
Mailing address
1600 MCKINLEY AVE, COLUMBUS, OH 43222-1002
Ownership since
2005
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 4, 2005
$32,000
Central Ohio Transit Authority
Columbus Compact Corp
Warranty Deed
—
Jul 1, 2003
$120,000
Colunbus Compact Corp
Blackenberry,richard S & Juliette C
Grant Deed
—
Apr 19, 2001
$60,000
Richard S Blackenberry
Quinn Trust
Grant Deed
—
Nov 5, 1999
$68,200
Quinn Trust
Wilt,patrick D
Grant Deed
—
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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