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Property profile & analytics
FOR LEASE
Investment properties
118 E Main St Columbus, OH 43215
Entity Owned
6-yr Hold
~
Est. High Equity
Property ID
US66-1548277
For Lease
1 / 75
$17.75 SF/Yr
118 E Main St, Columbus, OH 43215
View Listing →
Property profile
Verified
Property type
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Year built
1930
Construction
WOOD
Total area
1,240 SF
Lot
0.02 ac (784 SF)
APN
010-017439
UPID
US66-1548277
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
-
Red Brick Occasions Hotel & Motel Resort
-
Abba's Java Cafe & Coffee Shop
-
Youth to Youth Family Recreation Center Volunteer Organization
-
Sidecar Global Catering Take-out & Catering Catering Service
-
Nebraska Insurance Financial Advisor Insurance Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Lee-elle Management LLC · 6 yrs held
Lee-elle Management LLC
since 2020
Last sale
$235,000
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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$2,403
Tax year 2023
Assessed value
$17,540
Assessed 2023
Previous assessed
$15,440
+13.6% YoY
Effective rate
13.70%
On assessed value
Assessed land
$8,230
Assessed improvement
$9,310
Land market value
$23,500
Improvement market value
$26,600
Total market value
$50,100
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
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Status
For Lease
Year built
1930
Construction
WOOD
Heating
YES
Cooling
CENTRAL
Buildings
1
Stories
2
Total area
1,240 SF
Lot
0.02 ac (784 SF)
APN
010-017439
UPID
US66-1548277
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
Building & site characteristics
From public records
Year built
1930
Construction
WOOD
Heating
YES
Cooling
Yes
Stories
2
Buildings
1
Lot
0.02 ac
Current owner
From public records · entity-resolved
Lee-elle Management LLC
Entity
Mailing address
PO BOX 132304, COLUMBUS, OH 43213-8304
Ownership since
2020
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
Jan 8, 2025
—
Lee Elle Management LLC
—
Deed
related
$400,000 · Park National Bank
Jan 31, 2022
—
Lee Elle Management LLC
—
Deed
related
$125,000 · Lev Kucherski And Lidia Kucherski
Apr 6, 2020
—
Lee-elle Management LLC
Z On Main LLC
Quit Claim Deed
related
—
Nov 18, 2011
—
Ib Property Holdings LLC
118 East Main Street Building
Quit Claim Deed
related
—
Sep 29, 2011
$235,000
Z On Main LLC
Ib Property Holdings LLC
Grant Deed
—
May 6, 1998
$15,000
118 E Main St Building Ltd
John S De Libera Trustee
Grant Deed
$445,000 · John S De Libera Trustee
Jun 17, 1997
—
118 East Main Street Bldg Ltd
John Delibera Trustee
Grant Deed
related
—
—
—
Devere LLC
—
Deed Of Trust
related
$305,000 · Perpetual Fsb
—
—
Z On Main LLC
—
Deed Of Trust
related
$235,000 · Ruth Sudai
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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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