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Property profile & analytics
OFF-MARKET
Estimated value
$4,020,000
Manufacturing properties
1185 Alum Crk Dr Columbus, OH 43209-2719
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US66-1254264
Property profile
Verified
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Year built
1947
Total area
7,925 SF
Lot
0.89 ac (38,899 SF)
Zoning code
1185
APN
010-009409
UPID
US66-1254264
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$4.20M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$4.02M
Owner & transaction history
1221 Alum Creek Properties LLC · 3 yrs held
1221 Alum Creek Properties LLC
since 2023
Last sale
$3.9M
5 recorded transactions
Zoning & alternative use
1185 · Columbus, OH
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
$4,040,000
ML approach
$4,195,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$4.02M
Range $3.62M – $4.42M · ±10% · vs last sale $3.92M (Mar 30 2023)
Last sale anchor
$3.92M
Mar 30 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
$507 / 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
$798
Tax year 2023
Assessed value
$10,920
Assessed 2023
Previous assessed
$15,400
-29.1% YoY
Effective rate
7.31%
On assessed value
Assessed land
$10,920
Land market value
$31,200
Total market value
$31,200
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
1947
Heating
YES
Stories
1
Total area
7,925 SF
Lot
0.89 ac (38,899 SF)
Zoning code
1185
APN
010-009409
UPID
US66-1254264
Jurisdiction
FRANKLIN
Zoning & alternative use
1185 · Columbus, OHZoning 1185 · permitted uses
1185 · Columbus, OH
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
1947
Heating
YES
Stories
1
Lot
0.89 ac
Current owner
From public records · entity-resolved
1221 Alum Creek Properties LLC
Entity
Mailing address
1221 ALUM CRK DR, COLUMBUS, OH 43209-2721
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
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 28, 2023
—
1221 Alum Creek Properties LLC
—
Deed
related
$2,739,558 · Heartland Bank
Mar 30, 2023
—
1221 Alum Creek Properties LLC
Middle West Spirits LLC
Quit Claim Deed
related
$2,405,000 · Community Capital Development Corpo
Sep 21, 2021
$3,920,000
Middle West Spirits LLC
Memory Lane LLC
Limited Warranty Deed
$2,925,000 · Heartland Bank
Jul 8, 2019
—
Memory Lane LLC
—
Loan Modification
related
$5,008,000 · First Cmnwlt Bk
Feb 15, 2008
—
Memory Lane LLC
Oberfields INC
Warranty Deed
$5,008,000 · The Delaware County Bank And Trust
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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