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Property profile & analytics
OFF-MARKET
Estimated value
$705,000
Office buildings
121 Commerce Park Dr Westerville, OH 43082-8349
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US66-1278456
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
2002
Total area
4,260 SF
Lot
0.66 ac (28,619 SF)
APN
317-334-03-006-006
UPID
US66-1278456
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
-
Tammy Christensen at Berkshire Hathaway HomeServices Platinum Realty Group Real Estate Agency
-
Riverstone Oral & Dental Implant Surgery Medical Clinic Hospital
-
Kimberly Broyles-Kpogli at Berkshire Hathaway HomeServices Platinum Realty Group Real Estate Agency
-
Kristin Ault, Realtor at Berkshire Hathaway HomeServices Platinum Realty Group Real Estate Agency
-
Kate Jones, Realtor at Berkshire Hathaway HomeServices Platinum Realty Group Real Estate Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$660k
CAP Approach
CAP
$860k
Comparable Approach
Comparable
$685k
Blend (final)
Blend
$705k
Owner & transaction history
Weaver Real Estate LLC · 4 yrs held
Weaver Real Estate LLC
since 2021
Last sale
$785,000
2 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$840,000
+54.4%
Medical building
$735,000
+34.7%
Auto repair, garage
$625,000
+14.5%
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
$685,000
ML approach
$660,000
CAP Approach
CAP Return
Estimation
6%
$930,000
6.5%
$860,000
7%
$800,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$545,000
Current use
COMMERCIAL (GENERAL)
$840,000
Change: +54% · Conversion: Easy
MEDICAL BUILDING
$735,000
Change: +35% · Conversion: Easy
AUTO REPAIR, GARAGE
$625,000
Change: +15% · Conversion: Difficult
WAREHOUSE, STORAGE
$535,000
Change: -2% · Conversion: Difficult
RETAIL STORES
$495,000
Change: -10% · Conversion: Moderate
Blend value · Realmo final
$705k
Range $635k – $776k · ±10% · vs last sale $785k (Oct 22 2021)
Last sale anchor
$785k
Oct 22 2021
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
$165 / 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
$18,705
Tax year 2023
Assessed value
$253,270
Assessed 2023
Previous assessed
$213,190
+18.8% YoY
Effective rate
7.39%
On assessed value
Assessed land
$72,140
Assessed improvement
$181,130
Land market value
$206,100
Improvement market value
$517,500
Total market value
$723,600
Applied tax rate
18.0000
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
2002
Heating
YES
Cooling
YES
Stories
1
Total area
4,260 SF
Lot
0.66 ac (28,619 SF)
APN
317-334-03-006-006
UPID
US66-1278456
Jurisdiction
DELAWARE
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
OFFICE BUILDING Current
Est. value
$545,000
COMMERCIAL (GENERAL)
Est. value
$840,000
MEDICAL BUILDING
Est. value
$735,000
AUTO REPAIR, GARAGE
Est. value
$625,000
WAREHOUSE, STORAGE
Est. value
$535,000
RETAIL STORES
Est. value
$495,000
OFFICE BUILDING Current
COMMERCIAL (GENERAL)
MEDICAL BUILDING
AUTO REPAIR, GARAGE
WAREHOUSE, STORAGE
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
2002
Heating
YES
Cooling
Yes
Stories
1
Lot
0.66 ac
Current owner
From public records · entity-resolved
Weaver Real Estate LLC
Entity
Mailing address
121 COMMERCE PARK DR, WESTERVILLE, OH 43082-8349
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 22, 2021
$785,000
Weaver Real Estate LLC
Jerry D Melvin SR.
Warranty Deed
$628,000 · Pnc Bank NA
Jul 9, 2013
—
Jerry D Melvin SR.
Melvin,roberta J
Quit Claim Deed
related
—
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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