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Property profile & analytics
OFF-MARKET
Estimated value
$515,000
Commercial real estate
1159 Demorest Rd Columbus, OH 43204-1043
Entity Owned
3-yr Hold
Free & Clear
Property ID
US66-2269793
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
1960
Construction
WOOD
Total area
5,880 SF
Lot
1.09 ac (47,393 SF)
APN
570-146221
UPID
US66-2269793
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
-
Way-Deliverance International Ministries Church Mosque
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$490k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$438k
Blend (final)
Blend
$515k
Owner & transaction history
New Bethel Nepali Church · 3 yrs held
New Bethel Nepali Church
since 2023
Last sale
$515,000
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Apartment house (5+ units)
$850,000
+218.2%
Office building
$840,000
+213.3%
Medical building
$795,000
+196.4%
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
$530,000
ML approach
$490,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$850,000
Change: +218% · Conversion: Moderate
OFFICE BUILDING
$840,000
Change: +213% · Conversion: Easy
MEDICAL BUILDING
$795,000
Change: +196% · Conversion: Easy
NEIGHBORHOOD: SHOPPING CENTER
$635,000
Change: +137% · Conversion: Difficult
WAREHOUSE, STORAGE
$500,000
Change: +86% · Conversion: Difficult
Blend value · Realmo final
$515k
Range $464k – $567k · ±10% · vs last sale $515k (May 3 2023)
Last sale anchor
$515k
May 3 2023
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
$88 / 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
$7,907
Tax year 2023
Assessed value
$126,880
Assessed 2023
Previous assessed
$124,780
+1.7% YoY
Effective rate
6.23%
On assessed value
Assessed land
$21,910
Assessed improvement
$104,970
Land market value
$62,600
Improvement market value
$299,900
Total market value
$362,500
Applied tax rate
570.0000
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
1960
Construction
WOOD
Heating
YES
Cooling
CENTRAL
Buildings
1
Stories
1
Total area
5,880 SF
Lot
1.09 ac (47,393 SF)
APN
570-146221
UPID
US66-2269793
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
APARTMENT HOUSE (5+ UNITS)
Est. value
$850,000
OFFICE BUILDING
Est. value
$840,000
MEDICAL BUILDING
Est. value
$795,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$635,000
WAREHOUSE, STORAGE
Est. value
$500,000
APARTMENT HOUSE (5+ UNITS)
OFFICE BUILDING
MEDICAL BUILDING
NEIGHBORHOOD: SHOPPING CENTER
WAREHOUSE, STORAGE
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
1960
Construction
WOOD
Heating
YES
Cooling
Yes
Stories
1
Buildings
1
Lot
1.09 ac
Current owner
From public records · entity-resolved
New Bethel Nepali Church
Entity
Free & Clear · 3 yrs held
Mailing address
5487 SWEET GALE CT, CANAL WINCHESTER, OH 43110-8339
Ownership since
2023
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
May 3, 2023
$515,000
New Bethel Nepali Church
Concilio De Iglesias Cristianas Cam
Warranty Deed
—
Apr 17, 2019
$325,000
Concilio De Iglesias Cristiana
Unity Christian Fellowship INC
Warranty Deed
—
Aug 22, 2011
$265,000
Unity Christian Felloship INC
Way Of Development Ministries Inter
Warranty Deed
$181,250 · Columbus First Bank
Apr 29, 2008
$4,486
Franklin County Commissioners
Way Of Deliverance Ministries Int
Warranty Deed
—
Apr 25, 2006
—
Way Of Deliverance Ministries Int
Elpaso Hispanic Church Of God
Warranty Deed
$90,000 · Key Bank & Trust
Jun 29, 2001
$235,000
El Paso Hispanic Church Of God
Vineyard Christian Fellowship
Grant Deed
$189,827 · National City Bank
—
—
Way Of Deliverance Ministries Int
—
Deed Of Trust
related
$15,000 · Huntington National Bank
—
—
Way Of Deliverance Ministries Int
—
Deed Of Trust
related
$91,056 · Huntington 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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