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Property profile & analytics
OFF-MARKET
Estimated value
$725,000
Specialty properties
1166 Parsons Ave Columbus, OH 43206-3534
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US66-1858580
Property profile
Verified
Property type
Specialty properties
Use group
FUNERAL HOME
Year built
1907
Construction
WOOD
Total area
6,613 SF
Lot
0.33 ac (14,549 SF)
APN
010-039128
UPID
US66-1858580
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
-
Families First Cremation and Funeral at Edwards Social Service Agency
-
Paws & Waddles Pet Funeral Services Social Service Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$725k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$725k
Owner & transaction history
Afn Absprop02 LLC · 1 yrs held
Afn Absprop02 LLC
since 2024
Last sale
$723,354
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$1.0M
+134.3%
Office building
$1.0M
+130.5%
Restaurant
$785,000
+76.1%
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
$760,000
ML approach
$725,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
CEMETERY, FUNERAL HOME, MORTUARY (COMMERCIAL)
$445,000
Current use
AUTO REPAIR, GARAGE
$1,040,000
Change: +134% · Conversion: Difficult
OFFICE BUILDING
$1,025,000
Change: +131% · Conversion: Difficult
RESTAURANT
$785,000
Change: +76% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$605,000
Change: +36% · Conversion: Difficult
RETAIL STORES
$580,000
Change: +31% · Conversion: Difficult
COMMERCIAL (GENERAL)
$545,000
Change: +23% · Conversion: Difficult
MEDICAL BUILDING
$535,000
Change: +20% · Conversion: Difficult
Blend value · Realmo final
$725k
Range $653k – $798k · ±10% · vs last sale $723k (Jan 13 2022)
Last sale anchor
$723k
Jan 13 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
$110 / 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
$4,296
Tax year 2023
Assessed value
$58,810
Assessed 2023
Previous assessed
$53,210
+10.5% YoY
Effective rate
7.30%
On assessed value
Assessed land
$24,260
Assessed improvement
$34,550
Land market value
$69,300
Improvement market value
$98,700
Total market value
$168,000
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
Specialty properties
Use group
FUNERAL HOME
Status
Off-Market
Year built
1907
Construction
WOOD
Heating
YES
Cooling
CENTRAL
Buildings
1
Stories
3
Total area
6,613 SF
Lot
0.33 ac (14,549 SF)
APN
010-039128
UPID
US66-1858580
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
CEMETERY, FUNERAL HOME, MORTUARY (COMMERCIAL) Current
Est. value
$445,000
AUTO REPAIR, GARAGE
Est. value
$1.0M
OFFICE BUILDING
Est. value
$1.0M
RESTAURANT
Est. value
$785,000
APARTMENT HOUSE (5+ UNITS)
Est. value
$605,000
RETAIL STORES
Est. value
$580,000
COMMERCIAL (GENERAL)
Est. value
$545,000
MEDICAL BUILDING
Est. value
$535,000
CEMETERY, FUNERAL HOME, MORTUARY (COMMERCIAL) Current
AUTO REPAIR, GARAGE
OFFICE BUILDING
RESTAURANT
APARTMENT HOUSE (5+ UNITS)
RETAIL STORES
COMMERCIAL (GENERAL)
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
1907
Construction
WOOD
Heating
YES
Cooling
Yes
Stories
3
Buildings
1
Lot
0.33 ac
Current owner
From public records · entity-resolved
Afn Absprop02 LLC
Entity
Mailing address
PO BOX 5414, NEW YORK, NY 10185-5414
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 15, 2024
—
Afn Absprop02 LLC
Arg Fg7pslb001 LLC
Deed
related
$112,000,000 · Citibank NA
Jan 13, 2022
$723,400
Arg Fg7pslb001 LLC
Fidelity Memorial Group Corp
Limited Warranty Deed
—
Jun 16, 2021
$270,000
Fidelity Memorial Group Corp
Edwards Funeral Service INC
Limited Warranty Deed
—
Jan 16, 2020
—
Edwards Funeral Service INC
—
Deed
related
$449,500 · Heartland Bank
Apr 20, 2016
$140,000
Edwards Funeral Servicse INC
Barth R Cotner
Warranty Deed
—
Dec 28, 2012
—
Barth R Cotner
Cotner Betty J
Quit Claim Deed
related
—
Oct 18, 2012
—
Barth R Cotner
Cotner,betty J
Affidavit Of Death
related
—
Aug 10, 2012
—
Betty J Cotner
Cotner William B
Affidavit Of Death
related
—
Dec 4, 2007
$140,000
Edwards Funeral Service INC
Cotner,william B & Betty J
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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