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Property profile & analytics
OFF-MARKET
Estimated value
$5,085,000
Assisted living facilities
1165 Colony Dr Westerville, OH 43081-3653
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US66-2478790
Property profile
Verified
Property type
Assisted living facilities
Use group
HOMES (RETIRED, NURSING)
Year built
1979
Total area
92,536 SF
Lot
5.68 ac (247,551 SF)
Zoning code
1165
APN
080-003188
UPID
US66-2478790
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
-
Columbus Colony Housing Charitable Organization Social Service Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$5.28M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$5.09M
Owner & transaction history
Cc1 Preservation LP · 3 yrs held
Cc1 Preservation LP
since 2022
Last sale
$5.0M
3 recorded transactions
Zoning & alternative use
1165 · Westerville, OH
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 Westerville submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Westerville 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
$5,170,000
ML approach
$5,275,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$5.09M
Range $4.58M – $5.59M · ±10% · vs last sale $4.95M (Nov 17 2022)
Last sale anchor
$4.95M
Nov 17 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
$55 / 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
$153,573
Tax year 2023
Assessed value
$1,867,640
Assessed 2023
Previous assessed
$1,563,740
+19.4% YoY
Effective rate
8.22%
On assessed value
Assessed land
$174,020
Assessed improvement
$1,693,620
Land market value
$497,200
Improvement market value
$4,838,900
Total market value
$5,336,100
Applied tax rate
80.0000
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
Assisted living facilities
Use group
HOMES (RETIRED, NURSING)
Status
Off-Market
Year built
1979
Heating
YES
Cooling
CENTRAL
Buildings
2
Stories
4
Total area
92,536 SF
Lot
5.68 ac (247,551 SF)
Zoning code
1165
APN
080-003188
UPID
US66-2478790
Jurisdiction
FRANKLIN
Zoning & alternative use
1165 · Westerville, OHZoning 1165 · permitted uses
1165 · Westerville, OH
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Source
Layer: Zoning (ID: 4)
Building & site characteristics
From public records
Year built
1979
Heating
YES
Cooling
Yes
Stories
4
Buildings
2
Lot
5.68 ac
Current owner
From public records · entity-resolved
Cc1 Preservation LP
Entity
Mailing address
1165 COLONY DR, WESTERVILLE, OH 43081-3653
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
Feb 20, 2025
—
Cc1 Preservation LP
—
Deed
related
$12,928,000 · Cedar Rapids Bank & Trust Co
Nov 17, 2022
$4,950,000
Cc1 Preservation LP
Columbus Colony Housing INC
Warranty Deed
$6,464,000 · Pnc Bank NA
Nov 17, 2022
—
Cc1 Preservation LP
—
Deed
related
$4,200,000 · Columbus Colony Housing INC
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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