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Property profile & analytics
OFF-MARKET
Estimated value
$1,925,000
Manufacturing properties
1160 Alum Crk Dr Columbus, OH 43209-2720
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US66-0182689
Property profile
Verified
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Year built
1924
Construction
WOOD
Total area
38,037 SF
Lot
4.61 ac (200,768 SF)
APN
010-112468
UPID
US66-0182689
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
-
Injury Attorney Cooke Group Auto & Car Law Firm
-
VNET CONSTRUCTION Construction Company
-
tynesschoice Department Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$2.10M
CAP Approach
CAP
$2.32M
Comparable Approach
Comparable
$1.95M
Blend (final)
Blend
$1.93M
Owner & transaction history
Vnet Real Investment LLC · 2 yrs held
Vnet Real Investment LLC
since 2023
Last sale
$1.9M
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
$1,960,000
ML approach
$2,095,000
CAP Approach
CAP Return
Estimation
6%
$2,505,000
6.5%
$2,315,000
7%
$2,150,000
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$3,130,000
Current use
Blend value · Realmo final
$1.93M
Range $1.73M – $2.12M · ±10% · vs last sale $1.90M (Aug 31 2023)
Last sale anchor
$1.90M
Aug 31 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
$51 / 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
$25,844
Tax year 2023
Assessed value
$353,790
Assessed 2023
Previous assessed
$317,630
+11.4% YoY
Effective rate
7.30%
On assessed value
Assessed land
$42,740
Assessed improvement
$311,050
Land market value
$122,100
Improvement market value
$888,700
Total market value
$1,010,800
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
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Status
Off-Market
Year built
1924
Construction
WOOD
Heating
GAS
Cooling
CENTRAL
Buildings
1
Stories
1
Total area
38,037 SF
Lot
4.61 ac (200,768 SF)
APN
010-112468
UPID
US66-0182689
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
INDUSTRIAL (GENERAL) Current
Est. value
$3.1M
INDUSTRIAL (GENERAL) Current
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
1924
Construction
WOOD
Heating
GAS
Cooling
Yes
Stories
1
Buildings
1
Lot
4.61 ac
Current owner
From public records · entity-resolved
Vnet Real Investment LLC
Entity
Mailing address
4700 REED RD, COLUMBUS, OH 43220-3074
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
Aug 31, 2023
$1,900,000
Vnet Real Investment LLC
Milspin Properties LLC
Limited Warranty Deed
—
Dec 31, 2020
$1,175,000
Milspin Properties LLC
City Investment II LLC
Limited Warranty Deed
$1,084,000 · Telhio Cu INC
Dec 2, 2020
—
City Investment II LLC
—
Deed
related
$455,000 · Heartland Bk
Mar 23, 2020
—
City Investments II LLC
—
Deed
related
$455,000 · Heartland Bank
Feb 20, 2007
$825,000
City Investment II LLC
Alum Creek Partners LLC
Warranty Deed
—
Nov 19, 2004
—
Alum Creek Partners LLC
Alum Creek Realty INC
Quit Claim Deed
related
—
—
—
City Investment II LLC
—
Loan Modification
related
$455,000 · Heartland Bk
—
—
City Investment II LLC
—
Deed Of Trust
related
$600,000 · First Bexley 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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