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Property profile & analytics
OFF-MARKET
Estimated value
$695,000
Flex space
1132 3rd Ave Columbus, OH 43212-3042
Individually Owned
4-yr Hold
Absentee Owner
Free & Clear
Property ID
US66-1789242
Property profile
Verified
Property type
Flex space
Use group
LIGHT INDUSTRIAL
Year built
1950
Total area
7,400 SF
Lot
0.41 ac (17,642 SF)
Zoning code
1132
APN
010-062383
UPID
US66-1789242
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$710k
CAP Approach
CAP
$450k
Comparable Approach
Comparable
$826k
Blend (final)
Blend
$695k
Owner & transaction history
John J Fortin · 4 yrs held
John J Fortin
since 2022
Last sale
$675,000
3 recorded transactions
Zoning & alternative use
1132 · Columbus, OH
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Apartment house (5+ units)
$1.1M
+76.1%
Office building
$1.1M
+73.4%
Medical building
$1.0M
+64.1%
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
$710,000
ML approach
$710,000
CAP Approach
CAP Return
Estimation
6%
$490,000
6.5%
$450,000
7%
$420,000
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$610,000
Current use
APARTMENT HOUSE (5+ UNITS)
$1,075,000
Change: +76% · Conversion: Difficult
OFFICE BUILDING
$1,055,000
Change: +73% · Conversion: Difficult
MEDICAL BUILDING
$1,000,000
Change: +64% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$800,000
Change: +31% · Conversion: Difficult
RETAIL STORES
$795,000
Change: +30% · Conversion: Moderate
Blend value · Realmo final
$695k
Range $626k – $765k · ±10% · vs last sale $675k (Feb 14 2022)
Last sale anchor
$675k
Feb 14 2022
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
$94 / 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
$13,596
Tax year 2023
Assessed value
$186,130
Assessed 2023
Previous assessed
$200,870
-7.3% YoY
Effective rate
7.30%
On assessed value
Assessed land
$73,500
Assessed improvement
$112,630
Land market value
$210,000
Improvement market value
$321,800
Total market value
$531,800
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
Flex space
Use group
LIGHT INDUSTRIAL
Status
Off-Market
Year built
1950
Heating
YES
Cooling
CENTRAL
Buildings
3
Stories
1
Rooms
8
Bathrooms
3
Total area
7,400 SF
Lot
0.41 ac (17,642 SF)
Zoning code
1132
APN
010-062383
UPID
US66-1789242
Jurisdiction
FRANKLIN
Zoning & alternative use
1132 · Columbus, OH
Zoning 1132 · permitted uses
1132 · 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
INDUSTRIAL (GENERAL) Current
Est. value
$610,000
APARTMENT HOUSE (5+ UNITS)
Est. value
$1.1M
OFFICE BUILDING
Est. value
$1.1M
MEDICAL BUILDING
Est. value
$1.0M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$800,000
RETAIL STORES
Est. value
$795,000
INDUSTRIAL (GENERAL) Current
APARTMENT HOUSE (5+ UNITS)
OFFICE BUILDING
MEDICAL 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
1950
Heating
YES
Cooling
Yes
Stories
1
Buildings
3
Rooms
8
Bathrooms
3
Lot
0.41 ac
Current owner
From public records · entity-resolved
John J Fortin
Individual
Free & Clear · 4 yrs held
Mailing address
1237 EASTVIEW AVE, COLUMBUS, OH 43212-3529
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 8, 2022
—
John J Fortin
John J Fortin
Transfer On Death Deed
related
—
Feb 14, 2022
$675,000
John J Fortin
Jo Joe Properties LLC
Warranty Deed
—
Sep 5, 2007
$457,700
Jojoe Properties LLC
Fortin,joseph & Josephine M
Quit Claim Deed
related
$150,000 · Joe & Josephine Fortin
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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