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Property profile & analytics
OFF-MARKET
Estimated value
$795,000
Flex space
1196 Technology Dr Gahanna, OH 43230-6607
Entity Owned
4-yr Hold
Property ID
US66-2473303
Property profile
Verified
Property type
Flex space
Use group
LIGHT INDUSTRIAL
Year built
1999
Total area
5,200 SF
Lot
3.46 ac (150,761 SF)
APN
025-011724
UPID
US66-2473303
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
-
Axis Civil Construction LLC Construction Company
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$775k
CAP Approach
CAP
$845k
Comparable Approach
Comparable
$734k
Blend (final)
Blend
$795k
Owner & transaction history
Mayflower Properties LLC · 4 yrs held
Mayflower Properties LLC
since 2022
Last sale
$800,000
3 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$1.2M
+177.1%
Auto repair, garage
$825,000
+92.7%
Apartment house (5+ units)
$755,000
+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 Gahanna submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Gahanna 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
$835,000
ML approach
$775,000
CAP Approach
CAP Return
Estimation
6%
$915,000
6.5%
$845,000
7%
$785,000
Alternative Use
Use
Estimation
RESTAURANT
$1,185,000
Change: +177% · Conversion: Difficult
AUTO REPAIR, GARAGE
$825,000
Change: +93% · Conversion: Easy
APARTMENT HOUSE (5+ UNITS)
$755,000
Change: +76% · Conversion: Difficult
MEDICAL BUILDING
$700,000
Change: +64% · Conversion: Difficult
OFFICE BUILDING
$700,000
Change: +64% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$560,000
Change: +31% · Conversion: Difficult
RETAIL STORES
$560,000
Change: +30% · Conversion: Moderate
Blend value · Realmo final
$795k
Range $716k – $875k · ±10% · vs last sale $800k (Jan 5 2022)
Last sale anchor
$800k
Jan 5 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
$153 / 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
$24,398
Tax year 2023
Assessed value
$294,150
Assessed 2023
Previous assessed
$238,000
+23.6% YoY
Effective rate
8.29%
On assessed value
Assessed land
$157,750
Assessed improvement
$136,400
Land market value
$450,700
Improvement market value
$389,700
Total market value
$840,400
Applied tax rate
25.0000
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
Flex space
Use group
LIGHT INDUSTRIAL
Status
Off-Market
Year built
1999
Heating
YES
Cooling
CENTRAL
Buildings
1
Stories
1
Total area
5,200 SF
Lot
3.46 ac (150,761 SF)
APN
025-011724
UPID
US66-2473303
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
RESTAURANT
Est. value
$1.2M
AUTO REPAIR, GARAGE
Est. value
$825,000
APARTMENT HOUSE (5+ UNITS)
Est. value
$755,000
MEDICAL BUILDING
Est. value
$700,000
OFFICE BUILDING
Est. value
$700,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$560,000
RETAIL STORES
Est. value
$560,000
RESTAURANT
AUTO REPAIR, GARAGE
APARTMENT HOUSE (5+ UNITS)
MEDICAL BUILDING
OFFICE BUILDING
NEIGHBORHOOD: SHOPPING CENTER
RETAIL STORES
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
1999
Heating
YES
Cooling
Yes
Stories
1
Buildings
1
Lot
3.46 ac
Current owner
From public records · entity-resolved
Mayflower Properties LLC
Entity
Mailing address
5715 WESTBOURNE AVE, COLUMBUS, OH 43213-1449
Mailing matches property
Yes
Owner-occupied
Yes
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
Jan 5, 2022
$800,000
Mayflower Properties LLC
Pb Development LLC
Limited Warranty Deed
$578,000 · Park National Bank
Jun 8, 2021
—
Pb Development LLC
—
Deed
related
$750,000 · Peoples Bank
—
—
Pb Development LLC
—
Deed Of Trust
related
$445,987 · Fifth Third Bank Central Ohio
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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